Why Money Matters to me #FinLitMonth

Money Matters programs are delivered by volunteers from TD Bank Group

When we asked Richard Shum, a TD Canada Trust Branch Manager in Vancouver, what prompted him to begin volunteering with the Money Matters, he recalled there were very few programs or school curriculum that taught him how to be financially literate and he wished there was someone to teach him how to be better with his money. 

Most program volunteers noted that the opportunity to give back was also instrumental in their decision to get involved with Money Matters.

"As I was looking for opportunities to volunteer for this important cause (financial literacy), the Money Matters Program immediately jumped out," said Chris Ringland, a Senior Manager with Real Estate Secured Lending in Toronto. "The material is wonderful, and the program coordinators are very knowledgeable and willing to help."

Having a direct impact on people's confidence when it comes to banking and personal finances is one of the most rewarding aspects of volunteering for the Money Matters program, according to David Barer, a Relationship Manager with TD Commercial Banking in Calgary.

"Some of the participants have often shared they are scared to come to the bank to ask for help because they feel their questions and concerns may sound foolish to others," added Shum. "At the end of the Money Matters program, I see the relief from these participants as they overcome their fears of stepping into a bank and asking for advice."

At the heart of the volunteers' efforts is the deep understanding of the importance of improving the financial literacy of all Canadians. 

"I cannot emphasize enough how important it is for people to have a solid understanding of budgeting and finance basics to help build a successful life – and Money Matters provides that support," said Barer.

Volunteers also noted the role financial literacy has in developing a sustainable economy.

"We need to ensure everyone, regardless of demographics, including level of education and background, has the knowledge, tools, and confidence to handle money and make better financial decisions," said Ringland.

Money Matters is a financial literacy program for adult learners developed by ABC Life Literacy Canada in partnership with TD. It runs programs across the country for adult learners, new Canadians and members of indigenous communities. To date, Money Matters has reached over 10,000 adult Canadians.

Interested in volunteering?