Let’s Talk Money

Let’s Talk Money

Money. It’s not always the most comfortable topic. With this series, Let’s Talk Money, we aim to give you the tools and learnings to better understand your financial situation while at the University of Toronto.

What Is Financial Literacy?

Financial literacy refers to the knowledge, skills, and understanding to make responsible and informed decisions about managing money, including:

  • Understanding financial concepts (e.g., budgeting, saving)
  • Financial products and services (e.g., credit cards, student loans) 

Why Is It Important?

Without financial literacy, students may find it difficult to pay for necessities. A financially literate student can manage personal finances effectively, by using tools like:

  • A monthly budget
  • Understanding different financial products available to them
  • Planning for financial risks

Being informed now will help you beyond your time at university.