Visa Canada Showcases Practical Money Skills for Students at Youth-Themed Credit Education Week
TORONTO, ONTARIO--(MARKET WIRE)--Nov 17, 2008 -- Visa Canada is pleased to return as a sponsor and active participant in Credit Canada's Credit Education Week, which kicked-off in Toronto this morning. The event which includes a speakers' series for students as well as a public tradeshow is an opportunity for Visa Canada to showcase its Practical Money Skills resources and help Canadians to make wise financial choices.
"Visa Canada is committed to helping improve the financial literacy of students, parents and consumers," said Amy Cole, Acting Head of Corporate Communications, Visa Canada. "We have developed an excellent series of free financial management resources, and Credit Education Week is a great opportunity to share them."
Credit Education Week's theme is 'Youth and Financial Literacy'. A recent Visa Canada survey of more than one thousand high school students showed that while more than one-third of respondents had never created a budget, about three quarters of respondents agree that money management and budgeting should be mandatory school curriculum. With information specifically tailored for Canadian students, Visa Canada's Practical Money Skills website, www.practicalmoneyskills.ca, has helped thousands of consumers develop budget, saving, investing and spending strategies.
In an effort to expand the reach of its financial literacy materials, Visa Canada published a companion brochure to the Practical Money Skills website in Spanish, Arabic, Chinese and Punjabi as well as English and French, and offers consumers Credit Cards: An Owner's Manual, a bilingual guide that provides important tips on how to use credit cards wisely.
"We're thrilled to have Visa Canada's participation in Credit Education Week," said Laurie Campbell, Executive Director, Credit Canada. "We want to put tools and resources at the public's fingertips, and Visa Canada's resources are a perfect fit."
In addition to exhibiting a series of financial literacy resources at the free Credit Education Week tradeshow at the Metro Toronto Convention Centre on November 20, Visa Canada will award two $2500 scholarships at Credit Canada's award dinner on November 19.
Visa operates the world's largest retail electronic payments network providing processing services and payment product platforms. This includes consumer credit, debit, prepaid and commercial payments, which are offered under the Visa, Visa Electron, Interlink and PLUS brands. Visa enjoys acceptance around the world and Visa/PLUS is one of the world's largest global ATM networks, offering cash access in local currency in more than 170 countries. For more information, visit www.corporate.visa.com.
Note to editors:
A national survey was conducted online in August 2008 by Youthography for Visa Canada. A total of 1,017 male and female students aged 16 to 19 who reported being in their last year of secondary school or going into their first year of post-secondary schooling were surveyed. The findings are accurate, plus or minus 3.06 percent, 19 times out of 20.
An outline of S.M.A.R.T. (Specific, measurable, attainable, relevant and time-related) goals and budget basics can be found at Budgeting.