CGA Alberta Gives Students Financial Advice

The Certified General Accountants’ Association of Alberta (CGA Alberta) wants you to be better with your money than your parents.

CGA Alberta recently launched My Money $ My Future, a campaign that arms student-aged Canadians with a stronger understanding of money.

“Understanding money is crucial,” said John Carpenter, Chief Executive Officer of CGA Alberta.

“The more students understand their finances, the better they will be able to manage their money and achieve their goals as adults. When it comes time to decide what their next steps in life will be, their choices will not be restricted by their finances.”

The CGA claims this younger generation needs to be a lot smarter with their money than the previous one. According to the CGA’s data from 2009, a typical Canadian household owed $1.42 for each dollar they earned, up from $1.16 in 2005. They also found that more than 25% of Canadian adults have no savings.

My Money $ My Future gives student-focused information on setting a budget, planning and saving, and managing debt.

“My Money $ My Future helps students define their short and long term goals, understand the costs associated with those goals, and then equips them with the tools to plan financially so they can reach those goals,” added Carpenter.

You can read more about The CGA Alberta and their new program online.