SEDI/CCFL financial literacy video: Youth on Saving

On this video presented by SEDI, young people from Canada talk about their attitudes towards money. The video was produced with support from the Ontario Trillium Foundation. About SEDI Founded in 1986, Social and Enterprise Development Innovations, or SEDI, is a Canadian nonprofit organization dedicated to helping low-income earners gain financial independence through financial literacy, asset building and entrepreneurship. To achieve its goal, SEDI partners with businesses, governments and not-for-profit organizations to find innovative ways to reduce poverty in Canada. SEDI designs and tests social programs and conducts market research that serve as evidence to the development of sound social policies. In 2008, SEDI successfully recommended to the Canadian federal government the creation of a task force to boost financial literacy in Canada in a coordinated, strategic manner. Canadas Task Force on Financial Literacy was established by the government on June 26, 2009. Also in 2008, SEDI launched its new division, the Canadian Centre for Financial Literacy (CCFL), which aims to offer opportunities for people living on low incomes to better understand their finances and make better informed decisions around consuming, saving and investing. For more on SEDI and the CCFL, please visit www.sedi.org.
Video Rating: 5 / 5

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Friend got a child support memo at work and claims identity theft?; Financial literacy is for consumers of all ages

Stacey Bradford, Family Finance Blogger for CBS MoneyWatch.com gives tips on how to reduce the risk of your child becoming a victim of identity theft.

Question by Kiki S: Friend got a child support memo at work and claims identity theft?
He got some memo claiming that he needs to pay child support. It was delivered to his place of work. However, this is news to him since the chances of him having a child are VERY low. This has to be some mistake. Is this an example of identity theft? How else can he tell?

Best answer:

Answer by iychick51
well, your “friend” should check for any odd bank transactions? have him check his credit, see if anything has popped up that wasn’t for him. Call a credit agency to see if any credit cards have been opened in his name. stuff like that.

What do you think? Answer below!

Financial literacy is for consumers of all ages
Inevitably, when we ask the audience how many of them know someone who is maxed on a credit card, suffered identity theft, has no savings or has borrowed more to buy a car or house than they could afford, a sea of hands go up.
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