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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HomeHow to Reduce Your Credit Card Debt in 2021
Now that 2020 is finally behind us, we all hope that a better new year will come for the world and for ourselves. If one of your goals for 2021 is to improve your finances, then eliminating or reducing your credit card debt is one of the best ways to succeed. Here are some key steps that you can take by yourself to cut down on your debt. Read more . . .
12 Tips to Use a Credit Card but Not End Up in Debt
Do you ever wonder how people without credit card debt do it? How do they use a credit card but not end up in debt? Once they start using a credit card, most people find it hard to imagine their life without one again. However, if you're not careful, your friend can quickly become a foe. When your bank account is running near empty, paying for items you need or want with credit can cause a lot of problems. Here are 12 tips to use a credit card but not end up in debt.
6 Ways Meal Planning Will Save You Money
Meal planning is one of the best ways to save money in your budget and it can help you eat better too. It might seem like a lot of work to plan everything you need for meals, snacks, and drinks ahead of time, but if you're trying to balance your budget, don't knock it before you try it. When you're new to meal planning, start with planning ahead for 2-3 days out of your week, and add more days as you get better at it.
Not convinced? Here are 6 reasons why you’ll come out ahead. Read more . . .
Top 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.