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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Home3 Tips to Manage Video Game Costs
Spending on gaming has never been more complicated than it is today. Depending on how enthusiastic you are about getting the latest technology and most jaw-dropping experiences, video games range from being an extremely cheap to an extremely expensive hobby. However, the vast variety of games available today means that there’s something for everyone. Here are 3 tips to help you shop like a smart gamer. Read more . . .
Looking for Great Deals? Resist the Urge to Buy Impulsively
There's more to getting the best deals than shopping for sale and clearance items. Product discounts, whether they’re presented through in-store events or online bargains, are designed to tempt you into spending an ever-increasing amount of money. Avoid impulse spending by looking out for your budget and bottom line, not a retailer’s. Read more . . .
Plan Ahead to Avoid the Baby (Budget) Blues
A brand-new person is always cause for joy, celebration, and spending. Lots of spending. For first-time parents or care-givers, making a big splash for a little bundle is almost irresistible. While it may be tempting to splurge when it comes to a new baby, that can lead to a lot of unnecessary spending. Check out these tips to learn how to celebrate a baby while staying on budget. Read more . . .
7 Ways to Save on Your Grocery Bill During the Coronavirus Pandemic
More Canadians than ever were already looking for ways to save on grocery bills before the coronavirus pandemic even started. Unlike a lot of other variable expenses, food isn’t something you can simply eliminate from your budget. Fortunately, with some creative recipes, online research, and meal planning, you can make some drastic cuts to your grocery shopping budget. We’ve got seven tips to help you get started. Read more . . .
5 Ways to Go Green and Save Money on Earth Day
Today, April 22, is Earth Day. To help promote Earth Day, we thought we would offer some tips on how to go green and save money at the same time. These tips show that going green isn’t just good for the environment, but can also slow the impact to your wallet. Here’s how you can help save the planet and your budget. Read more . . .
Managing Stress and Your Finances During the COVID-19 Pandemic
There’s no doubt that as we weather the coronavirus pandemic, stress has increasingly become a regular part of our lives. As if worries about our own health and the health of our loved ones isn’t enough, many of us are feeling the pressure of financial stress from mounting bills, reduced incomes, and job uncertainty. That kind of stress can lead to many health issues, and decreasing it is a great way to help us stay healthy in a time when that’s so crucial. Read more . . .
Your Health and Well-being is More Important Than Your Credit Rating
During this time of wide-spread income uncertainty it can be hard to figure out how to deal with your finances. However, protecting your credit rating shouldn’t come before maintaining your health and overall well-being. You need to keep yourself strong as you weather this storm. And keeping strong and healthy will mean that you are ready to go back to work whenever that time comes. Our primary financial focus in times of overwhelming uncertainty, like during Covid-19, should be on the health of our bank account, not our credit rating. Read on to learn more.
What Does It Mean to Build an Emergency Budget?
An emergency budget is different than emergency savings. When your income is drastically reduced, as is the case for so many Canadians during the Covid-19 crisis, you’re essentially creating a plan for how to manage the little income and cash you have left. Having a plan will make you feel more in control and your preparation will replace panic with patience. Read more...
Adult Kids on a Spending Spree? 4 Reasons Why Not to Bail Them Out Financially
Parents want the best for their kids, and it is even harder to say no to a request for help if you’re a parent with means. However, bailing adult children out financially can hurt more in the long run than it helps. Kids really do need to solve their own money problems. This fosters independence and resilience, preserves your financial situation, and protects sibling relationships. Find other ways to support your children when they get into financial trouble, explain the limits of your generosity, and know where to turn if they need more help than you can give. Read on to get all the details and tips . . .
11 Ways to Pay for Your Education When Going Back to School
Going back to school can feel daunting, even when it’s what is best for your future. Much of the uncertainty comes from the financial aspect; how to pay for college, university, trades, or technical school when you already have home and even family obligations. We’ve pulled together 11 of the best tips for how to pay for school as a mature student. Read on to find out more . . .