Author Archives for Carlen Scheyk

RRSP or TFSA?

in Money Management

At this time of year there are a lot of ads out there about getting a Registered Retirement Savings Plan (RRSP) and it can be confusing. Can you imagine laughing and smiling as you learn more about both these RRSPs – and also about Tax Free Savings Accounts (TFSAs)? The...

MoneyFit Challenge

in Money Management

Do you want to learn more about financial topics like budgeting and saving, and be entered to win money for doing so? How does $30,000 in prizes sound? The MoneyFit Challenge is a new tool to improve your financial well-being, sponsored in part by the Financial Consumer Agency of Canada...

November is Financial Literacy Month

in Money Management

Financial Literacy Month (FLM) starts on November 1st.  It’s worth investing time and effort to improve your financial literacy, and FLM is the perfect time to do so! A great place to start is with your financial well-being. “Achieve financial well-being” is this week’s FLM sub-theme, and having a good...

Is It Really a Free Trial?

in Money Management

Have you ever signed up for a “free trial” to access a “limited time offer,” only to later find charges on your credit card you can’t explain? The Competition Bureau of Canada has recently issued a consumer alert reminding Canadians to beware of subscription traps. Through advertising on social media,...

How Much House Can You REALLY Afford?

in Money Management

If you ask your bank or mortgage broker this question, they will do a calculation for you based on your income and (potential) housing costs. The problem with this is it doesn’t take into account all of the expenses that come along with buying a home (things like maintenance), or...

Spring Clean Your Finances

in Money Management

Many of us tackle a deep clean of our homes during the spring months. A recent Huffington Post article shared 8 ways to spring clean your finances: Get rid of clutter! Go through your house and get rid of things you aren’t using.  A good rule of thumb is if...

Getting Help to Pay Off Debt or Repair Your Credit

in Money Management

The Financial Consumer Agency of Canada ( FCAC ) has recently issued a consumer alert about being cautious if you are looking for a company to help you pay off your debt or repair your credit. If you are struggling with your debt, you need to remember: 1)      No company...

Financial Stress is Hurting Our Health

in Money Management

This likely won’t come as a surprise to many of you, but Canadians have a lot of debt. According to Statistics Canada (June 2016), for every $100 in disposable income, we have $168 in consumer debt. This debt is often a huge cause of stress in our lives. A 2015...