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Welcome to the MyMoneyCoach.ca blog where we share our best strategies and information to help you make smarter choices with your money. If you're coming back for an older article, you can find it here.

5 Smart Money Moves for 2017

Financial success doesn’t come overnight or with only one smart money move. Anything worthwhile takes time and diligent work.

The one thing all financially successful people have in common is that they set goals. They know what they want to achieve and find ways to make it happen. Once you do this too you’ll be surprised how much easier it is to stay focused on finding ways to get what you want.

To help get you started on the path to financial well-being, we explain 5 smart money moves you can make this year. They include why having a budget matters, how paying for expensive credit card debt robs you of money for future goals, and the secret to not losing ground once you start paying off your debts (it’s a trick anyone can do!). Read on…

How to Keep Your New Year’s Resolutions and Make Them Stick

Do you make New Year’s resolutions? Maybe the start of a new year is when you decide to get more exercise, work less, pay down debt, eat better, lose weight, or quit smoking (If you don’t smoke, insert your vice of choice).

January is a time to think about what you want to accomplish or improve in the coming year, and which good intentions are left over from last year. The trick with resolutions is finding ways to stick to them, to make good on your intentions after the January fanfare fades. Here are 7 ways to make New Year's resolutions work.

How to Restore Your Credit | Credit Restoration Help in Canada

Help for how to restore your credit in Canada.If you’re looking to clean up and restore your credit, you probably don't need to pay for an expensive credit repair service. We'll show you all the essentials of what you probably need to repair your credit for free. Just follow the five steps we'll show you and you should be well on your way to rebuilding your credit score. In addition to this, we also link to a number of other great resources to provide you with more help in specific areas. For those wanting to repair their credit as fast as possible, we provide two common ways this can be done (if it's possible for your situation), and we give you an idea of the time required to see improvements in your credit score.

Learn more about all this.

How to Tell When Gambling has Gone Too Far

Gambling can go too far - what to do if it's no longer fun.It can be fun once in a while to head to the casino with friends, bet on the outcome of a sporting event, join a hockey or football pool, play Keno or buy lotto tickets when the jackpot has reached a certain level. But what happens when a friend or family member seems obsessed with winning; they might not even be interested in much else, or they spend all of their free time at the casino?

Whether you're young, old or anywhere in between, gambling addictions are serious. Read on for some of the warning signs of a gambling addiction and what to do to get help... 

Skipping A Credit Card Payment Could Leave You Stranded & Owing More

Being late with a credit card payment can happen to anyone. From it simply slipping your mind, to being out of town or not having the money to make your payment, skipping even one payment can negatively impact you for years to come. As we head into the shopping and holiday season, now is a great time to get on top of your credit card payments and budget, or ask for help if you need it.

Find out what the risks of making late credit card payments are and what to do instead…

 

4 Examples of Bad Personal Financial Advice & Why You Should Ignore It

Bad money and debt advice.Some financial advice is worth considering; other advice is just bad all around. However, most people spend more time complaining or worrying about their money than they do learning the skills to manage it more successfully.

When it comes to personal finance advice, what’s good for one person might not be great for another. This is because everyone’s situation is unique; no two people hold exactly the same values, have the same spending habits and past money experiences, or face the same circumstances.

That said, there is however, certain advice that has the guaranteed potential to turn out poorly for everyone…

7 Financial Mistakes to Avoid at University

Graduating from post-secondary education with a manageable amount of debt is its own reward; however, getting yourself through college or university financially intact can seem like a daunting mission when you first start your education.

It’s easy to get caught up in the university experience if you don’t have the knowledge and safeguards in place to protect your finances. From living at home to borrowing more than you need, missing out on free money or choosing a school for the wrong reasons, here are practical tips to avoid some of the biggest mistakes post-secondary students make. . .

Hidden Maintenance Costs When Buying a New Car: Will They Blow Your Budget?

If you’re in the market for a vehicle, you’re in luck because it’s clear-out time at your local car dealership. This is the time of year when next year’s models start arriving in the showrooms and to make room for their new stock, car lots sell their remaining stock of new, lease-returns, and good used cars and trucks. However, car shopping can be downright stressful.

Most people don’t really know what to consider, and whether you plan to buy new or used, spending a little extra time upfront will help steer you away from an expensive lemon later on.

Here are lots of tips to get you started, including some of the hidden costs with buying a new car and how to estimate maintenance and repair costs with a good used car. . .