MyMoneyCoach Blog
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.
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HomeTop 10 Savings Tips for Financial Literacy Month
We often get asked about the best ways to save. So to celebrate the 10th anniversary of Financial Literacy Month in Canada, we thought we’d share our top 10 savings tips all in one place. Read more . . .
Financial Literacy Month 2020
November 2020 is the 10th anniversary of Financial Literacy Month in Canada! This month, the Credit Counselling Society is excited to host a variety of free workshops, webinars, and activities to help Canadians achieve financial well-being.
We have events planned all across Canada in various communities and will be active on social media through #LearnWithCCS. Come join us and flex your financial fitness muscles!
How to Help Friends or Family Save Money (Without Giving Them Any)
Do you have family or friends who have trouble saving money? Maybe they often complain about not being able to afford something or ask you to spot them a few dollars here and there on outings. Here are 3 ways to help them save money without opening your own wallet. Read more . . .
Subscription Costs: The Silent Spender & How to Stop the Damage
Are subscription costs the reason why you’re spending a lot more money than you expect every month? Recurring payments for phone plans, gym memberships, and streaming services are silent expenses that can slip through even the most careful budgets. Here are 3 ways to save a lot of money by improving your subscriptions game. Read more . . .
How to Plan for Homeownership During Difficult Times
The landscape for Canadian homeowners and buyers has shifted over the past few years. More Canadians than ever are motivated to become first time buyers due to the rising costs of renting suitable homes. However, rising property values and new stress test conditions imposed by the federal government for mortgage financing have made it more difficult to enter the real estate market. Read more . . .
#LearnWithCCS: 5 Money Tips from Readers About Personal Finances
In June 2020, we asked readers across all of our social media channels for money tips that resonated with them. This was done as part of #LearnWithCCS, where readers enter a monthly $50 gift card draw by learning more about personal finance with us and sharing their tips. After receiving plenty of great budgeting strategies, shopping hacks, and more, we’ve picked 5 to highlight for you. Read more . . .
Why Credit Card Balance Protection Insurance Isn’t Worth It
While getting balance protection insurance for credit cards can help you be prepared for hard times, it’s usually not worth it. Not only are you paying too much for too little, but there’s a much better way to keep yourself financially stable in an emergency. Here’s what you should know before getting credit card balance protection insurance.
3 Tips to Help Teenagers Learn Money Management Skills
Learning money management skills will help teenagers be financially successful when they grow up, but many parents find this a big hurdle to jump over. They might feel uncomfortable exposing the family budget, find it hard to get their teens to care, or be unsure of their own money skills. Here are 3 tips for teaching teenagers the money management skills they need for the future. Read more . . .
Are You Missing Out If You Don’t Have a Credit Card?
These days, it seems like everyone has a credit card. If you’ve never used one before or got into trouble with debt, then you might wonder if you’re missing out by sticking to cash and debit. While there are benefits to having a credit card that make it a useful tool, there are also risks. Weigh the pros and cons to decide if you need one.
Clean Up, Declutter, and Stop Spending Impulsively with Kakeibo: the Japanese Art of Saving Money
Could your finances use some decluttering? Kakeibo (pronounced kah-keh-boh) translates to “household financial ledger” and is a simple, gimmick-free method for budgeting and money management. Considering how stressful managing money is for many people, a back-to-the-basics approach to budgeting can be very helpful. Here’s how it works.