On Tuesday, November 13, the Ottawa Public Library hosted a free public event on personal finances: Your Money. Are you In Control? The guest speaker Rubina Ahmed-Haq, a personal finance columnist, shared her knowledge and expertise with a crowd of eager attendees.
Rubina’s presentation, expanded on her three rules to live by for managing your money.
These rules are, in order:
- pay yourself (i.e., put aside savings),
- pay your bills; and then,
- if anything is left over, spend the rest on things that matter to you.
If there is nothing left to spend, consider what you can do to reduce your bills. Rubina also discussed the major roadblocks encountered while trying to save money. For further information on Rubina’s tips and advice, visit her website.
The Financial Consumer Agency of Canada was present at, Tuesday’s event. The FCAC had an information table, and pointed out the many useful services, tools and resources available to help you with your money management on the FCAC website. Take a look at the features at the bottom of their home page, including “Take charge of your finances” and a “Financial goal calculator”.
Investing in your financial well-being is an ongoing commitment, not just one for Financial Literacy Month. Therefore, we have put together a reading list with more resources to help you acquire the information you need to take control of your finances. OPL also offers financial literacy programs throughout the year. Be sure to check out the Programs and Events page of the OPL website regularly and select the subject “Personal Finance” to view the upcoming finance programs.
The event concluded with a Financial Literacy Fair, during which local Ottawa non-profit services displayed their resources and services at their tables and talked with participants.
The organizations present were:
- EBO Financial Education Centre, a non-profit group whose goal is to help low-income residents of Ottawa attain financial autonomy with budget counselling and financial literacy education;
- Credit Counselling Society, a non-profit, that helps individuals and families deal with debt and get their finances on track;
- Zalasmart, whose aim is to provide children and youth with a foundational knowledge in financial literacy and money management;
- Global Shapers Ottawa Hub, young professionals who are emerging as leaders;
- JA Ottawa (formerly Junior Achievement), the Ottawa Network for Education, which offers programs that teach financial literacy and work readiness skills to students in grades 5 to 12;
- Pamela George Financial Literacy and credit counsellor;
- Financial Literacy Action Network of Ottawa (FLANO), a network that promotes and disseminates financial literacy and encourages action throughout the City of Ottawa.
Discover more about the great things these organizations are doing to support financial literacy!