Nunatsiaq Online
NEWS: Nunavut January 11, 2018 - 2:30 pm

QIA delivers financial literacy workshop on Baffin community tour

Workshops show Nunavummiut how to manage their money

First Nations Bank opened a branch in Pond Inlet in 2014, now one of four across the territory. The QIA is delivering financial literacy workshops in a handful of Baffin communities this month. (FILE PHOTO)
First Nations Bank opened a branch in Pond Inlet in 2014, now one of four across the territory. The QIA is delivering financial literacy workshops in a handful of Baffin communities this month. (FILE PHOTO)

The Qikiqtani Inuit Association is offering workshops to help Baffin residents manage their money, as part of a four-community tour this month.

The workshops aim to show participants how to manage their finances, access financial services and social benefits, read bank statements and understand taxes.

A second stage will show participants how to spend, borrow, invest and save their money.

Most Nunavut communities don’t have a local bank branch, although customers can open cash accounts and access basic financial services through Northern and Arctic Co-op stores.

The QIA started a tour of financial literacy workshops in Pond Inlet earlier this week, now home to a First Nations Bank branch.

QIA staff are delivering the workshop in Igloolik this week until Jan. 12.

Next, the workshop will be offered in Clyde River on Jan. 22 to Jan. 24 and in Pangnirtung on Jan. 25 to Jan. 26.

Community members should contact their local QIA community liaison officer to register.

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(9) Comments:

#1. Posted by Needed in school on January 11, 2018

This is sorely needed in the high school
(grade 9-10) curriculum across the country, but especially here in Nunavut.  If adults young and old were more financially literate they would not stand for the usury currently displayed by the Northern stores.

#2. Posted by 5 Dollar bill on January 11, 2018

Most of my co workers live hand to mouth even thought , they collect a pay cheque every 2 weeks, this workshop won t help.

#3. Posted by 2 Dollar coin on January 11, 2018

Come on now! You have to be more positive than that, this will surly help, so many are not very literate financially.

Never too old to learn, get out there and try, learn something new.

#4. Posted by Kugaaruk Lady on January 11, 2018

We to have this but some manager in Kugluktuk said no to all our regions work, now nothing

#5. Posted by B. Glesca. on January 11, 2018

Glad to hear this Q.I.A.
I have worked in the U.K. and Canada with social services, and I am
always amazed at how some people get by on a single income and
even save some money.
Other people with double incomes, some of them are always broke,
their family hungry, and they have big debts!!
It is the same on both sides of the Atlantic.
Well done North Baffin.
I have to wonder what Economic Development has been doing all
them years.
It all starts with helping the people, not just themselves.

#6. Posted by Sorely Needed on January 12, 2018

Financial literacy education is sorely needed all over Canada, but especially here in Nunavut.

I appreciate QIA doing these workshops, and I hope that they will help some people, but what is really needed is financial literacy integrated into the education system.

It should be a course, just like math, english, or science, and should be taught in increasing complexity through the grade levels.

I see so many people, even people with good-paying jobs, living paycheque to paycheque because of their irresponsible spending habits.  But if they’ve never been taught, how should they know any better?

I’d like to see organizations like QIA working with the DEAs or Department of Education directly to have this sort of work integrated into classroom programming.  The schools have limited funding to deliver a mandatory curriculum, but if QIA could provide additional funding for certain programs, more could be done right at the schools.

#7. Posted by Jobi on January 12, 2018

This sounds like good course. More Inuit need to learn how to take care of money. If only spend & spend then how going to ever buy a house and save for future. QIA good job on this idea for course.

#8. Posted by Skwaddy on January 14, 2018

I would like to know who is actually teaching this course?
  It could be very beneficial if done properly, but in the end people
are going to do as they please.
Good comment #5, but believe it or not I have met a few good folks
in Economic Development.

#9. Posted by Kugaaruk Lady on January 15, 2018

to #8, not in Kugluktuk any more like I say in #5 our region missed out on lots about this

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