Published on Thu, 06/18/2020 by ABC Life Literacy Canada

New workbook helps families learn about money together

TORONTO, June 18, 2020 —/COMMUNITYWIRE/— ABC Life Literacy Canada has just released a new workbook from its HSBC Family Literacy First program. The workbook, entitled New Neighbours is part of the Numbers & Cents series that focus on family financial literacy. The workbook is available in English, French and Simplified Chinese.

“With families spending more time together these days, this is a perfect time to come together to grow your numeracy and financial literacy skills.”

New Neighbours can be downloaded for free at FamilyLiteracyFirst.ca and covers topics such as division, budgeting and fundraising. The workbook aims to bring parents and children together to practice financial literacy as a family, which has proven to have a positive impact.

Recent survey results from the Organisation for Economic Co-operation and Development have indicated that teens who talked about finances with their parents, even just once a week, scored 33 points higher in financial literacy than those who did not.

“Talking comfortably about finances is an important part of helping kids develop a healthy relationship with money,” says Mack Rogers, Executive Director of ABC Life Literacy Canada. “We’re so happy to have HSBC Bank Canada on board as our partner for this program so that we can further help families acquire the financial literacy skills they need to make sound decisions.”

The HSBC Family Literacy First program was created in 2015 to bring together parents and children to have fun while learning as a family. There are 14 workbooks in the program that include more than 80 stories and activities, all of which are written in clear language. The workbooks cover a variety of family literacy activities and are ideal for families with children aged six to 11.

“With families spending more time together these days, this is a perfect time to come together to grow your numeracy and financial literacy skills,” says David Kuo, Head of Branch Network, Ontario and an HSBC executive sponsor of ABC Life Literacy. “Money management skills are important for everyone in every stage of their lives.  As a volunteer I have seen how engaging and helpful these materials are in building those skills.”

The HSBC Family Literacy First program has reached over 78,000 individuals and the materials have been downloaded and distributed more than 548,000 times. HSBC employees have participated in the program through 350 volunteer opportunities.

To learn more about the program and to access the workbooks, visit www.FamilyLiteracyFirst.ca.

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About ABC Life Literacy Canada

ABC Life Literacy Canada is a non-profit organization that aims to strengthen organizations that promote adult learning. We develop and support the use of high-quality introductory learning materials and resources written in clear language. We envision a Canada where everyone has the tools and opportunities they need to improve their literacy and essential skills.

For the latest news and information on adult literacy, please visit www.abclifeliteracy.ca, follow us on Twitter @abclifeliteracy or join our Facebook page www.facebook.com/abclifeliteracy.

About HSBC Bank Canada

HSBC Bank Canada, a subsidiary of HSBC Holdings plc, is the leading international bank in the country. We help companies and individuals across Canada to do business and manage their finances internationally through three global business lines: Commercial Banking, Global Banking and Markets, and Wealth and Personal Banking. HSBC Holdings plc, the parent company of the HSBC Group, is headquartered in London. HSBC serves customers worldwide from offices in 64 countries and territories in our geographical regions: Europe, Asia, North America, Latin America, and Middle East and North Africa. With assets of US$2,918bn at 31 March 2020. HSBC is one of the world's largest banking and financial services organizations.

For more information or to arrange an interview, please contact:

Ana Oliveira
Director of Marketing, Communications & Development
ABC Life Literacy Canada
aoliveira@abclifeliteracy.ca

 

Ashley Tilley
Communications
ABC Life Literacy Canada
communications@abclifeliteracy.ca