Challenge 009 Kick-Off: Wrapping up a year of confidence

In case you haven’t heard, stnce is now one year old, and we thought we would celebrate with a very special challenge. Here at stnce, we just wrapped up a very exciting Financial Literacy Month, and we were inspired.

November was a month where financial literacy was in the spotlight. It was the time when money mavens were born, when savers got savvy, and when soon-to-be investors got to know portfolio potential.

Now let’s take some inspiration from financial literacy month to bring financial well-being into focus.”

 

Clear the financial fog

When it comes to financial knowledge, we all have our different strengths.

The same is true when it comes to our areas for improvement.

Let’s focus on the latter in this challenge, as we help fill in some of those gaps.

 

What’s a personal finance topic that gets your mind a little muddled?

When we polled the team here at stnce, the topics we wanted to learn more about were as varied as our personalities:

  • GICs
  • Tax-Free Savings Accounts
  • Online trading platforms
  • Mutual Funds
  • The stock market and the economy
  • Budgeting plans
  • RRSPs
  • Tax brackets

There’s many more topics under the personal finance umbrella — from the broad to the specific — so take a few minutes to list the areas you’d like to learn more about. Once you’ve chosen one topic from the list, focus on getting your questions answered.

But what’s the best way to find some answers?

 

The medium for your money message

There are a lot of resources you can tap into when it comes to getting answers to your financial questions. But here’s the rub — they’re not all created equal when it comes to our personal preferences for how to get the information.

Our team had this to say about their knowledge-seeking methods:

“Before the Internet it was Encyclopedias, and after? Consider the world-wide-web my personal research playground. All I need is multiple browser windows open at once and some peace and quiet” — Sarah, Events Specialist

“I’m that person who avoids the FAQ section and calls customer service instead. I just prefer the sound of a human voice, or better yet a face-to-face meeting if it’s available” — Malika, Copywriter

“I’m that ‘ask a friend’ person, as I like to get my info in an approachable way. I’m also an extrovert, so chances are there’s an acquaintance with some expertise in the field that I need more information on. So, I ask ‑ but the coffee’s always on me ” — Dawn, Events Manager

What’s your ideal way of getting information? Are you a stock-market Sherlock? A greenback gabber? Or maybe a social saver?

Embrace your info-gathering style, and get some answers to clear up the fog in your financial area for improvement!

When we return we’ll focus on ways to make use of our newfound knowledge. In the meantime, check out our interview with Olympic athlete Alisha Tatham, as she reveals how she formed her money mindset.