Money Mentors Annual Report 2017:

Helping Albertans Build Financial Knowledge and Confidence

Message from our executives

      Jim Thorne, Executive Director

For me, no other stories are better shared, better related to, or better understood by another Albertan than those from clients who have finished paying off their debt through Money Mentors. Each success story has a special place in Money Mentors heart, every story has its own unique happy ending.

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      Shawn Graham, Chair, Board of Directors

The good news in Alberta is that business confidence is growing and overall economic conditions continue to show signs of improvement. Job losses appear to have bottomed out and we are seeing a steady improvement in the quality of available jobs. Nevertheless, challenges remain.

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Client Numbers

Who is our average client?

With the Orderly Payment of Debts (OPD) program, Money Mentors has assisted Albertans from all walks of life.

In 2017, we continued to honour this mission, helping more individuals regain financial freedom throughout seven branches in Alberta.

Female
%
Male
%
Single
%
Married
%
Common Law
%
Separated
%
Divorced
%
Widowed (2%)
%
Single (1)

Money returned to creditors in 2017 (in millions)

18.

 How did they hear about us?

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Thanks from our clients

“I was about $88,000 in debt the majority of it is credit cards --it was when I started the program that my life started to change”

- Shawn

“the biggest relief was when I cut out a $60,000 check to pay off my creditors in September!”

- Shawn

“The money you provide to Money Mentors to divide up to pay your debt may sound like a lot, but it’s actually really manageable - they do it in a way so that you don’t put yourself in another bad situation”

- Diana

“Having the creditors stop calling every single day, I was able to establish a budget and get my finances back under control!"

- Sam

“You can fix the mistakes you've made and have a great future. It takes a lot of work, but with Money Mentors you'll have amazing support that will help you majority of the way.

-Chelsey

Financial Literacy

In 2017, Money Mentors school programming continued to expand as we added extension activities to accompany the presentations for each grade from kindergarten to Grade 12 well as youth in the community.

We also launched our first online course "Managing Money & Understanding Credit" for high school students in preparation of their next steps in life.

1178 Classes

From k-12 to Youth in the community, our Financial Literacy team reached over 1000 classes across Alberta.

31,660 Students

The highest age group being Grade 12 students at a whopping 14,615 who now know about financial literacy

31 Youth Presenters

With Youth presenters across Alberta, we bring a unique, relatable feel to classroom presentations

Financial Fitness Classes

In 2017, Money Mentors gave 46 presentations with 242 attendees

Online Courses

1,316 courses completed and 2,294 people registered our online courses

Webinars

Money Mentors hosted 70 webinars with 49 participants

Client Success Stories

Mickey’s Redemption: Over $120,000 of Debt Reduced to Zero with Money Mentors

By Melanie | April 9, 2018

In 2009, Mickey was going through a dark period in his life. Like most Albertans, he was a hard-working man with a full-time job in the oil and gas industry. Due to the nature of his occupation, he would often travel up north for his job. One day, this normal routine was turned upside down…

Single Mom Overcomes Loan & Credit Card Debt in Alberta

By Melanie | March 1, 2018

A Single Mom’s Journey to Find Financial Security Five years ago, Diana was struggling financially as a single mom and college student in Southern Alberta. Shortly after attending college to attain her industry license, and working to keep bills moving along, Diana soon found herself drowning in credit card debt, student loans and a line…

Shawn’s Journey: Addiction and Crippling Debt to Restored Financial Health

By Melanie | January 29, 2018

Survivor of a brutal car accident, a recovered addict, a husband and father of two – Shawn had been through it all. Despite all of his hurdles, one of the biggest obstacles aside from addiction was his battle with debt. With a union job, a decent paycheck and family by his side, Shawn seemed like…

In the Community

2017 Events

5th Annual Stampede Breakfast

  • Over 500 guests in attendance
  • Calgary-based Nashville recording artist Lori Kole headlined the event
  • Catered breakfast by Lino's Catering
  • Balloon animals created by Penelope the Clown

Financial Literacy Month Events

Millennial Money YYC

  • November 20, 2017 in Calgary
  • Free event; filled with talented millennial bloggers and entrepreneurs
  • Shared insights on:
    • money and debt management
    • saving and investing
    • side hustles and multiple streams of income

Women & Money

  • November 14, 2017 in Edmonton
  • 2nd Annual event; themed "Show Your Money Who's Boss"
  • focused on why women are less likely to seek financial planning assistance and how to change that thought
  • Money Mentors was a proud partner for this event

We have a lot of great success stories to share

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