Unemployment remains stubbornly high, and yet employers complain that they can’t find the people with the skills they need. It’s time for a transformation of the way leaders develop and employ talent, advised Ravin Jesuthasan, managing director of Towers Watson’s talent management practice.
Use a line of credit to consolidate high-interest debt and save on interest costs. Pay an extra five per cent on your mortgage every year to reduce interest costs. Students, pay off your credit card balances and take advantage of student discounts to save money. These are just three of the 30 financial management tips BMO issued during Financial Literacy Month.
The federal government plans to create a "Financial Literacy Leader" office designed to help debt-burdened Canadians improve their money management skills but some consumer advocates believe the initiative might be a waste of cash.