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...

Getting Help to Pay Off Debt or Repair Your Credit

in Money Management

consumer-safety

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...

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...

The Nine Rules of Credit – How to Start, Rebuild and Always Maintain Good Credit

in Money Management

credit-tv

Last year we told you about The Nine Rules of Credit, a quick, 120 page book that was written in 2012 by Richard Moxley, a former licensed mortgage agent in Canada. In October, 2016 Richard launched “What is Credit TV” and each Tuesday he posts a new episode. With the...

Avoid Interest Charges, Thanks to Grace

in Money Management

credit-cards11

Have you ever wondered when your credit card starts to charge you interest after you have made a purchase?  By staying within the “grace period,” or the interest free period, you avoid paying any interest charges. Here’s the basics of what an interest free grace period is: A grace period...

You’re Meeting Your Minimum Debt Payments. Are You OK?

in Money Management

monthly-debt-payments

We are all about partnerships at Momentum. We know that we cannot do everything and that many of the people in our community have knowledge and expertise that we can learn from. It is in the spirit of learning from our community members that we present the following blog post...

5 Better Alternatives to Payday Loans

in Money Management

payday-loan-alternatives

We are all about partnerships at Momentum. We know that we cannot do everything and that many of the people in our community have knowledge and expertise that we can learn from. It is in the spirit of learning from our community members that we present the following blog post...

Dealing with Debt on a Fixed Income

in Money Management

Making a Budget

We are all about partnerships at Momentum. We know that we cannot do everything and that many of the people in our community have knowledge and expertise that we can learn from. It is in the spirit of learning from our community members that we present the following blog post...