Money and Marriage

in Money Management

wedding sillouette

We’ve all heard that finances are a major source of stress for couples, in fact, there are many articles and research that says finances are reported to be one of the top 10 reasons people get divorced. But is there really such a thing as financial infidelity? According to entrepreneur...

MoneyFit Challenge

in Money Management

MoneyFit Challenge

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

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...

Budgeting on a Low Income

in Community Matters, Money Management

Amber Cannon Profile

Amber Cannon is a Momentum volunteer and participant. Here she shares the reality creating a budget when on a low income.   My first class at Momentum was Budgeting. Probably the best class to have, at the very beginning of my savings circles program. I learned about what kind of...

How Much House Can You REALLY Afford?

in Money Management

170103-F-JC454-006

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

Photo by Nick Youngson - link to - http://nyphotographic.com/

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...

Financial Stress is Hurting Our Health

in Money Management

Injured Piggy bank

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...

Staying Financially Healthy on a Single-Income

in Money Management

cut-credit

Many Canadians are faced with the reality of managing a household on one income. A recent Globe and Mail Article highlighted the story of someone who overnight became a single mother. She reached out to a debt counseling service which helped manage her debt load of $20,000, and to curb...