MyMoneyCoach Blog

Has a family member asked you for financial support? Think twice about an agreement to provide a loved one with money or to co-sign a loan for them. As much as you might care for that person and want them to succeed, you also . . .

How to Save $5,000 in One Year with a Budget Money Plan by Kevin Sun Want to save $5,000 in a year? That extra money in the bank could go towards your next big purchase, boost your savings or investments, or help you get rid of debt stress. However, actually saving...

3 Tips to Help Teenagers Learn Money Management Skills by Kevin Sun Learning money management skills will help teenagers be financially successful when they grow up. The Government of Canada highlighted this fact during the challenging coronavirus pandemic,...

New Mortgage Rules: Are They Really What They Seem? by Julie Jaggernath Wondering what Canada’s new mortgage rules mean in plain English? Understanding the stress test qualifying rate and other regulations is important when trying to buy a house – especially if you’re...

How to Save More Money When Social Media Makes You Want to Spend by Julie Jaggernath Worried that social media is making it hard to save more money each month? Managing our money is about more than simple financial decisions. Our emotions, thoughts and moods play a...

How to Use Back to School Shopping as a Lesson in Financial Literacy for Your Kids by Julie Jaggernath Teaching financial literacy to your kids can be hard when they have few or no financial responsibilities of their own. But like us, children learn best by doing –...

How to Plan for Homeownership During Difficult Times Guest post by Pauline Tonkin The landscape for Canadian homeowners and buyers has shifted over the past few years. More Canadians than ever are motivated to become first time buyers, in part due to the rising costs...

What Teenagers Should Know Before Buying a First Car at 17 by Julie Jaggernath Have a teen who is looking at buying their first car at 17 or 16 years old? A driver’s license is a major milestone for any teenager. It’s no wonder that having a vehicle of their own...

3 Tips to Save Money when Shopping Online by Kevin Sun Out of both convenience and necessity, online shopping – which may or may not save money – exploded over the course of the COVID-19 pandemic. In their 2020 Internet Use Survey, Statistics Canada reports that 9%...