Financial Literacy
Please review each article prior to use: grade-level applicability and curricular alignment might not be obvious from the headline alone.
Onslaught of sports betting ads make gambling seem enticing to youth, doctors say
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4 minute read Saturday, Sep. 6, 2025The rural scene on Labour Day weekend was quintessentially Manitoba, as farmers chewed away at harvest while the campers rolled by towards one last summer retreat.
Setting aside money for post-secondary education shouldn’t slip through budgeting cracks
6 minute read Preview Saturday, Sep. 6, 2025Unemployment rate climbed to 7.1 per cent in August as economy lost 66,000 jobs
4 minute read Preview Wednesday, Oct. 15, 2025American Eagle counts new customers after Sydney Sweeney ad frenzy and shares soar
3 minute read Preview Monday, Sep. 22, 2025Artificial intelligence helps break barriers for Hispanic homeownership
5 minute read Preview Monday, Sep. 15, 2025Coming price cuts at McDonald’s may signal a broader fast food price war
3 minute read Preview Friday, Oct. 10, 2025Landlords can hike rent by 1.8 per cent in 2026, province announces
3 minute read Preview Friday, Aug. 29, 2025Winnipeggers’ pride bruised by crime, broken infrastructure: poll
5 minute read Preview Tuesday, Aug. 26, 2025NCAA partners with Venmo to assist athletes who face harassment on the payment app
2 minute read Preview Friday, Sep. 19, 2025bbno$, the Beaches warn approaching TikTok Canada closure will hurt homegrown artists
6 minute read Preview Wednesday, Aug. 20, 2025AI-powered personal finance is here: for better and for worse
5 minute read Preview Saturday, Aug. 16, 20253 steps to save money when you’re tempted to spend
4 minute read Wednesday, Oct. 15, 2025Why do so many of us struggle to save?
Saving for the future can be difficult because of a cognitive bias known as hyperbolic discounting: our tendency to place greater weight on immediate satisfaction, even if focusing on the long term will have a greater payoff. This bias is why, when you get a raise, you may consider getting a new car—incurring a higher monthly payment—instead of sacking away more money each month for retirement and perhaps getting to retire several years earlier.
Feeling stressed about finances can also get you off track with your savings. While some people respond to financial stress by saving more, others respond by spending more in order to regain feelings of control.
Unfortunately, these shortsighted decisions on spending versus saving can have large effects on our ability to achieve our future goals, because of the enormous power of compound interest. So, let’s talk about what you can do to keep saving when you feel the urge to give up.