Financial Workshop Benefits Struggling Families

Financial literacy is having the skills to make good decisions concerning money management. Possessing the knowledge to make smart financial choices is life-changing for low-income individuals and families. 

“Information is power,” says Kenton Davis, Casework Manager for The Salvation Army’s Peel Family Shelter in Mississauga, Ont. “Our financial workshops help people get back on their feet and stay there.”

Every month at the Peel Family Shelter, experts in financial management, including Inspire Charity, Credit Canada and Consolidated Credit, offer free financial advice to those struggling to get by. The program teaches participants how to shop wisely, budget, build good credit rating, reduce debt and more.

 “Good financial behaviour leads to many positive results,” says Davis. This can include better housing, repaired relationships, improved self-esteem and empowerment.

The Salvation Army’s Peel Shelter and Housing Services is a place of hope for families experiencing housing crises. With a capacity for 200 individuals, hotel style living quarters are safe places for residents and their children while they receive assistance securing housing and employment, life skills classes and connections to community resources.

 “We want people to be able to make the most out of what they have,” says Davis. “The financial workshops are well-received and people are learning skills that are critical to surviving in today’s complex society. Financial education is an essential tool to helping to move people out of poverty.”