MyMoneyCoach Blog

8 More Money Mistakes that Keep People BrokeLast week we shared eight common mistakes that keep people broke. A lot of you asked for more tips, so we’re happy to give you eight more tips to avoid staying broke! 1. Gambling on balancing your budget As amazing as it may...

Do You Ever Get Even with Revenge Spending?Q: After finding out that my partner spent over $1000 on toys for his car, I had a spa day and got something for me too. It seemed like a good idea at the time, but we got into a huge fight about money. What can we do to fix...

Financial Help or HandoutWhen has it gone too far? Q: My parents keep borrowing against the equity in their home to bail my sister and her family out of debt. Mom and dad are getting older and I don't want to see them burdened by debt that they shouldn't need to pay....

Credit Counselling Society Wins National Award The Credit Counselling Society was presented with the Credit Counselling Canada Agency Award at Credit Counselling Canada’s national conference last week. With the award, member agencies of Credit Counselling Canada...

A "SMART" Way to Manage Income Q: I never have any money left over after paying my bills to even think about financial goals. I'm frustrated because I know I have to do more than just think about my future. Can you help? A: It's not how much you make, but what you do...

Average Canadian Bride Spends $20,000 on Her Wedding: 5 Ways to Make Your Wedding More AffordableIs there an expectation in your family that the next person to get married will have a big, expensive wedding? This may be true in a lot of families because a new survey...

Do Summer Vacations Leave You Broke? Here's an IdeaQ: My family usually takes a summer vacation, away from home. And while we have a lot of fun, we usually come home broke, exhausted and not ready to go back to work. I’ve heard a little about “stay-cations” and that...

Should You Rent or Buy a Home (House or Condo)? Is it better to rent or buy a home? Many people ask this question, but often only hear one answer. People in North America generally think that it is much better to buy a house or condo rather than rent one—and they have...

Are Canadians Reckless Spenders? A New Study Says We Are A new study from the Certified General Accountants Association of Canada shows that Canadians “are among the most reckless spenders in the developed world.” Recently many Canadians have thought that Canada is...