March 15th, 2016On average, 6 out of 10 Canadians will have a resolution to pay off their debt. However, 84% of Canadians will fail at completing their original plan. As we are now nearly 3-months into 2016, are you one of the 84%?
November 25th, 2015Money Mentors, a non-profit credit counselling agency, is offering a free Financial Fitness class Wednesday night as part of Financial Literacy Month.
November 25th, 2015The lack of personal finance education in schools, and limited conversations centred on money management in many Alberta homes is the driving force behind Money Mentors Financial Literacy for Youth program. Countless studies have shown more than 1/3rd of parents do not discuss money with their kids, and the current school curriculum does not include personal finance courses.
July 30th, 2015Economic downturns are out of your control, but your personal finances aren't. "You should always assume that your income is at risk,"
July 30th, 2015From budgeting, to debt management, to retirement planning, our coaches can help any Albertan build a Money Action Plan (MAP), regardless of their current financial position.
March 16th, 2015Instead of spending thousands of dollars on a vacation that won’t stop spend after arrival, have a better idea of your budget and don’t spend any more money once you’ve reached your destination. Camping is great because the only things required to pay for are the lot, transportation and food. Most of us have everything else we need or can borrow from friends and neighbours.
February 26th, 2015The introduction of the TFSA in 2009 has led to a great debate about where to put your money. Instead of putting Registered Retirement Savings Plans and Tax Free Savings Accounts against each other, why not use both? These complementary savings tools each make financial sense at various stages of life. According to research, Canadians only save 4% of disposable income. It’s time to start saving more. To help, Money Mentors’ has compiled their favourite RRSP & TSFA do's and don'ts.