MyMoneyCoach Blog

What are the most popular goals for 2022? Unsurprisingly, fitness goals, weight loss, and healthier eating are some of the most common New Year’s resolutions. There’s nothing like a brand-new year to bring about some self reflection and self improvement. But in that first rush of post-holiday, “new year, new me” enthusiasm, it can be easy to overspend for what we perceive to be “a good cause.” Read more...

Here it comes again, it’s the most wonderful expensive time of the year! It’s no secret that as the holidays get closer our spending increases and having Christmas on a budget seems very unlikely. According to a recent report by Equifax*, credit card spending and consumer debt has gone up by almost 4% during this time, compared to pre-pandemic totals in 2019. Read more . . .

Charitable organizations and the people they serve are extremely appreciative of the donations and support they receive. Most depend on fundraising and the generosity of the community. However, there can be times when donating financially isn’t possible, even if you have a longstanding commitment to doing that. If your financial situation worsened and you cut back on your expenses accordingly, it’s normal to feel guilty if a charity you’ve been supporting asks for more help. Although you may not be able to donate as much as you did before, there are still many ways to be generous and support the causes you believe in. Read more . . . 

We all like to save money, but some tricks to save can actually cause costly money mistakes. You might have heard of this as being “penny wise pound foolish,” the origin of which comes from a quote in a 1600s book on melancholy. Having your efforts work against you can certainly feel discouraging! While there’s nothing wrong with counting pennies (or maybe nickels since we’re in Canada), seeing the big picture ensures you actually come out ahead. Read more . . .