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Black mom with teen daughter

Financial literacy

We recognize that learning about finances should start early, way before the age of 18. We provide financial literacy training for our children and youth in care starting at grade 4. By the time youth turn 18, they will have had the chance to practise and manage finances, which is essential to transitioning out of care and into adulthood.

Part of this strategy includes training caregivers who can teach these skills to children in their care on an on-going basis. Ideally, all children and adolescents in our care should have a bank account by age 8 or after 8 months in care.


What is financial literacy?

Financial literacy refers to the skills, knowledge and confidence to make responsible financial decisions. Being financially literate will help you decide how to spend your money, determine which products and services best suit your needs, and plan for future events like home ownership and retirement. By understanding financial systems and resources, including workplace or public benefits, pensions, tax credits, investments, home equity, and access to credit, you can ensure that you are making the best use of the options available.



A budget is a simple plan that lays out your income, your expenses, debts, and savings. You can use a budget to help you determine how to reach your financial goals by identifying changes you can make to your spending and saving practices. Learn more about making a budget .