McGill Desautels Faculty of Management in Collaboration with RBC Future Launch and The Globe and Mail Launch National Persona
Saturday, 09 November 2019 04:29.PM
- The McGill Personal Finance Essentials free online course will empower Canadians to have a better relationship with their finances. -
(RBC ROYAL BANK) - To help Canadians better understand how to manage their personal finances, McGill University's Desautels Faculty of Management has collaborated with RBC Future Launch and the Globe and Mail to increase access to, and deliver personal finance education to all Canadians across the country for free. The McGill Personal Finance Essentials program launches today, which marks the start of financial literacy month in Canada.
The McGill Personal Finance Essentials course is a modular, online learning experience, available in English and French, intended to enhance participants' knowledge and skills related to their own personal finances. Considering that 35% of Canadians don't save for retirement and that 44% of Canadians live paycheque to paycheque, the program was designed as a solution to help Canadians become more financially literate.
"Like health and wellness topics, we believe that everyone has a fundamental right to be equipped with the financial knowledge required to navigate daily life and succeed in the long-term," said Isabelle Bajeux-Besnainou, Dean of McGill University's Desautels Faculty of Management. "Our faculty members are excited to come together in this initiative to share their expertise and help empower Canadians."
"When it comes to making decisions about their finances and their financial well-being, many Canadians deal with uncertainty and a lack of confidence" said Neil McLaughlin, Group Head, Personal & Commercial Banking, RBC. "By providing the right information and tools to understand their personal financial situation, we hope to help more Canadians make sound financial decisions for themselves and their families now and into the future."
The McGill Personal Finance Essentials course is divided into eight 15 to 25-minute learning modules, each taught by a McGill Desautels faculty member. The entire course may be viewed in approximately two hours.
Modules:
1. Introduction to Personal Finance
2. Debt & Borrowing
3. Your Money: Today & Tomorrow
4. Strategic Budget Building
5. The Art of Investing, Part 1
6. The Art of Investing, Part 2
7. The Realities of Real Estate
8. Behavioural Finance
Each module is followed by a test to confirm participants' understanding. Successful completion of all the course modules and tests will earn participants an attestation of course completion verifying their personal financial knowledge.
"At The Globe and Mail, we strive to bring readers the best in Canadian journalism and content in order to help them succeed in their daily lives," said Sean Humphrey, Vice-President, Marketing at The Globe and Mail. "We're proud to collaborate on the McGill Personal Finance Essentials course, which empowers Canadians' financial decision-making and financial well-being through access to accurate, quality information."
RBC Future Launch is a decade-long commitment to help Canadian youth prepare for the jobs of tomorrow, through skills development, networking, work experience and increased access to mental well-being supports and services.