MyMoneyCoach Blog
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- 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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Soft vs Hard Credit Check in Canada: Credit Rating Impact & Common Questions Answered
Wondering what’s the difference between a soft vs hard credit check in Canada? Put simply, a hard check affects your credit rating, but a soft check doesn’t. Also known as credit inquiries or credit pulls, these are a way for companies to see the info on your credit report. Of course, you can also check your own report. Read on to learn more about . . .
Retirement at 75 or Saving for our Kids’ Education – Help!
Retirement at 75 or Saving for our Kids' Education - Help! By Scott Hannah Q: My partner and I are the proud and new parents of our first child. We delayed having a baby until we paid off our student loans and bought our first home, a townhouse with enough space for a...
Why Interest Rate Announcements by the Bank of Canada Matter – 8 Things to Know
Why Interest Rate Announcements by the Bank of Canada Matter 8 Things to Know By Julie Jaggernath Do you tune out when the news mentions interest rate increases or changes by the Bank of Canada? You’re not alone. Average Canadians find it hard to see why Bank of...
Are You Planning to Fund Your Retirement with a Big Win? Here are Our Top 5 Retirement Planning Tips
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 Happen
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?
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
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?
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 Quickly – Proper Budgeting Tips for Paying Down Debt
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 Home
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...
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