MyMoneyCoach Blog

Are You Planning to Fund Your Retirement with a Big Win? Here are Our Top 5 Retirement Planning TipsFor everyone who's thinking about retirement at some point in the not too distant future, we thought we'd offer our top five retirement planning tips for Canadians....

Don’t Just Wish to Own a Home – Alternatives to Make It Happenby Scott Hannah Q: I’m a single professional earning a good income and I’ve been careful with my money and my lifestyle in the hope that one day I’ll be able to afford a house. I’ve been maxing out my TFSA...

Is Getting a Student Loan Worth It or Not? By Scott Hannah Q: My older sister graduated university last year with a huge student loan. My parents figured she’d never graduate and it’s because of her that I heard that student loans have lifetime maximums. I will be...

The Hidden Dangers of Using a Line of Credit to Consolidate Debt by Scott Hannah Q: I have two credit cards with outstanding balances of approximately $5,000 and $8,000. I also owe about $15,000 on my car loan. I know it’s crazy to be carrying a balance on your credit...

Do You Think of Savings as An Important Expense? By Julie Jaggernath We all know that someone. They don’t look like they’re living life on a shoestring; they take annual trips, their kids play sports, and it’s not unusual to go out for dinner with them or take in a...

How to Pay Debt Off QuicklyProper Budgeting Tips for Paying Down DebtBy Julie Jaggernath Have you hit a brick wall trying to find the best or fast way of how to pay off debt quickly? Rather than getting more and more frustrated, take bold steps that will get you...

Fastest Ways to Save Money for a Down Payment on a HomeUrban areas in some of Canada’s most popular cities have a serious rental shortage. Couple that with attractive lending rates for home owners to do renovations and builders and developers to build countless new...

Debunking 5 Credit Myths and What to Do Instead The credit reporting system is one of the biggest mysteries for consumers when it comes to personal finance topics. In fact, we regularly get a lot questions about how personal credit ratings work. The credit rating...

How to Take Control of Your Finances While in College, University, or Post-Secondary Trades or Technical School Post by Madison Guy Is your post-secondary financial stress as bad as your exam stress? Many college, university, and post-secondary students find their...