From the outset, one might think that literacy is a fundamental right, but it’s not a universal.
Literacy is, in fact, a societal issue that’s both important and alarming, and Québec is no exception. According to the Literacy Foundation, approximately one in five people has major issues with reading and writing. That’s nearly 20% of our population.
Keep in mind that literacy also extends to numeracy, which is more about math. This relates to the ability to understand and interpret quantitative information that enables individuals to perform their societal and family roles appropriately. The basic elements of literacy can be translated into the following ABCs:
Acquiring the skills to read and write
Reading is necessary to understand the content of a contract, to avoid pitfalls and to be comfortable with the commitments you make. Writing allows you to ask questions and to express your intentions. To find out more about literacy and its programs, you can visit the Literacy Foundation's website at (www.fondationalphabetisation.org).
Establishing and sticking to your budget is the key to achieving your financial goals. Not only does a budget allow you to set your priorities and deal with the unexpected, it also reduces your stress level by keeping you up-to-date on your income-expense ratio. To help you maintain your budget, the AMF (Autorité des marchés financiers du Québec) provides useful tools, including a comprehensive calculation grid, on its website
To be able to establish and maintain a budget, you have to be able to count. This includes calculating interest rates, knowing your exact income and controlling your expenses.
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