Categories: Budgeting and Cash Flow
Do I REALLY need 6 months of living expenses for an emergency fund?
Spend 1% of your life making sure you have a solid Plan B and 99% focused on living Plan A to the fullest. – Anonymous No one likes thinking about the potential for illness, injury, unemployment, or death but a … Continue reading
Posted in Budgeting and Cash Flow
Focus your finances and streamline your system
Guest post by Karen Collacutt, CFP Are your financial papers all over the place? Are bills and documents hard to find? Would you like more control over your household finances? Well, families and individuals who focus on their goals and … Continue reading
Posted in Budgeting and Cash Flow
What’s your giving plan?
A critical part of a good financial plan is understanding your cash flow needs, now and in the future. How much income do you need to live the life you want? Making ends meet can be tough, especially early in … Continue reading
Posted in Budgeting and Cash Flow, Relationship to money
What does YOUR retirement look like?
Many financial planners will use a quick rule of thumb to determine how much you need for retirement – for example 70% of your pre-retirement income. This is based on a 1996 actuarial study that figured out that, on average, … Continue reading
Posted in Budgeting and Cash Flow
Podcast: Teaching kids the value of money
Featuring: Nancy Phillips, Founder and President, DollarSmartKids Enterprises Inc. and Creator of the Zela Wela Kids financial story book series, and Karen Richardson, Money Coach with Money Coaches Canada. Listen in to learn why there is such an urgency to … Continue reading
Why budgets don’t work and ways to save money in the summer holiday season
Listen to the Interview with Sheila Walkington on CFAX 1070 Victoria: Why Budgets Don’t Work and Ways to Save Money in the Summer Holiday Season
Posted in Budgeting and Cash Flow, Podcasts
How a savings account keeps you out of debt
Sometimes the simplest solutions are the best This month at Money Coaches Canada we’ve been discussing why sticking to a budget is so hard to do, and how using our On Track Money Management system will keep you engaged and … Continue reading
Posted in Budgeting and Cash Flow, Debt, Relationship to money
Ask Your Money Coach
Do you ever feel like you and your partner are just on different tracks when it comes to money? Read below in our new ‘Ask Your Money Coach’ column and find out how to manage different money styles. Ask Your … Continue reading
On Track Money Management System
Our On Track Money Management System is designed to help you do two things: a) stay on track with monthly and annual expenses; and b) save for your goals. The system goes back to the old days of putting money … Continue reading
Posted in Budgeting and Cash Flow
Debt: the good, the bad and the ugly
The less debt you have the better. That being said, you will hear people talking about good debt versus bad debt. Put simply: Good debt Used to purchase an asset, like a house or investments. Ideally these are appreciating assets, … Continue reading
Posted in Budgeting and Cash Flow, Debt, Relationship to money
