MyMoneyCoach Blog
most popular blog posts
- 5 Money Saving Tips for a Single Person Grocery Budget
- Soft vs Hard Credit Check in Canada: Credit Rating Impact & Common Questions Answered
- How to Overcome 8 Sources of Financial Problems & Difficulties
- Financial Hardship Reasons for Unlocking Locked In RRSP
- What are Fixed, Savings and Variable Costs and Expenses, and How Will They Help Me Learn How to Budget My Money Properly?
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Tips to Save Money When Using Major Household Appliances
Tips to Save Money When Using Major Household Appliances by Julie Jaggernath If you’re like most Canadians, your household bills consume a significant amount of each pay cheque. Add in the cost of your housing itself (e.g. rent or mortgage) and over half of our...
3 Ways People Destroy Their Credit (Part 2 of 3)
3 Ways People Destroy Their Credit (Part 2 of 3)2. Maxed Out Credit Cards If you run your credit to the limit, it will ruin your credit rating. It is always surprising how many people think they have good credit because they pay all of their bills on time, yet their...
You Don’t Have to be in Debt to Build Credit
You Don't Have to be in Debt to Build CreditSome people think that they always need to owe something on a credit card to build their credit. The truth is that you don’t have to owe anyone even a single penny to build your credit. The only thing that you need to do to...
Lesson in Debt Management a Great Grad Gift
Lesson in Debt Management a Great Grad GiftQ: Our daughter is graduating from high school in June. How can we help her to understand that there is a limit on what we are able to spend on her graduation? A: High-school graduation can be an exciting and emotional time...
How to save 50% on everything you buy
How to save 50% on everything you buy If you are buying stuff, putting it on credit, and then not paying it off right away, you can probably save 50% on everything you buy. Many people believe that they can buy what ever they want now and pay for it later. This can...
Use Balanced Approach to Cut Credit Card Debt
Use Balanced Approach to Cut Credit Card Debt Q: I want to pay off my credit card bill this year but to do this I won't have any money left over to start contributing to an RRSP. Is this a good strategy? A: While it always makes sense to pay off high-interest...
Is Your Credit Score Worse Than You Think?
Is Your Credit Score Worse Than You Think? Myth: "I've got excellent credit because I pay all my debts on time." Truth: Paying your debts on time is extremely important, however, there are many other factors that can drastically lower your credit score. While it's...
The Dangers of Co-Signing a Loan or Credit Card
The Dangers of Co-Signing a Loan Typically when a loan is co-signed, one person, who doesn’t qualify for the loan on their own, promises to make the payments. Another person, who does qualify, agrees to sign onto the loan, just to help their friend or relative. Many...
Bringing Home The Gold
Bringing Home The Gold Q: Why does it feel like managing my money is so much work? It's hard to stay focused. What can I do? A: It takes work to manage your money, but sometimes all the motivation you need is a fresh perspective. Take the upcoming 2010 Winter Olympic...
Hurting Your Credit Score – Credit Myth
Credit Myth About Hurting Your Credit Score Myth: "I hear that every time someone checks your credit it lowers your credit score." Myth Buster: While there is some truth to this statement, there are some exceptions. Most notably is that you can check your own credit...
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On our blog we endeavour to explore insightful ways of saving money and using it more wisely.