In spite of the controversy that surrounds mutual funds these days, they remain a principal source of investments for most Canadians, and for good reason. They can offer an attractive way to hold a broad range of investments. However, as with all investments, you need to know exactly what you are buying and what the true costs are. Here are a few basic things to keep in mind. Continue reading
Blog
The biggest money mistakes entrepreneurs make and how to avoid them
Watch the video featuring Sheila Walkington & Melanie Buffel on EMomNowTV Live: “The Biggest Money Mistakes Entrepreneurs Make and How to Avoid Them”
Posted in Podcasts, Small Business
Ask Your Money Coach – Mutual Funds or ETFs?
Do you ever wonder if mutual funds are the right fit for you? Or what ETFs are exactly? Read below in our ‘Ask Your Money Coach’ column as Tom Feigs answers a common question many people have.
Ask Your Money Coach!
“Should I invest in Mutual Funds or ETFs?”
Posted in Ask Your Money Coach, Investing
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 teach young children about money, and how to give them allowance using the GISSTM method.
Teaching Kids the Value of Money
Should mutual fund commissions be banned?
by Karin Mizgala MBA, CFP
There is a very interesting dialogue going on in the investment industry around the issue of mutual fund commissions and whether Canadian investors are getting the short end of the stick. The Canadian Securities Administrators (CSA) published a discussion paper that is the best summary I’ve ever seen about the mutual fund industry and advisor compensation. Continue reading
Posted in Investing
Loonie love
When was the last time you had a ‘money meeting’ with your significant other? It probably doesn’t sound as fun as a date out at the movies or a concert if you manage to find some alone time. Whether you call it a ‘dollar date’, ‘change chat’, or ‘loonie love’, it’s time to grab a cup of tea or a glass of shiraz, carve out 20 minutes, and book a time regularly to talk about your family finances.
Don’t forget this time is to be a proactive, constructive conversation, and not a reactive explosion the night the credit card bill arrives!
Often, just starting the conversation is not easy, no matter if you are beginning a new relationship or can’t remember how long ago your relationship began!
This article by Melissa Leong from the Financial Post gives you a great place to start…
Posted in Relationship to money
How are we doing? – Client survey results and winner
Thank you to all of our clients who took the time to provide us with feedback on their experience working with their Money Coach. We take your comments very seriously and do our best to implement your suggestions.
Penny from Calgary is the winner of a $100 Chapters card from our most recent survey respondent’s draw. Congratulations Penny!
What our clients are saying about how they felt BEFORE working with their Money Coach
“We felt overwhelmed , discouraged and frustrated” – Jane and Scott (Money Coach Sabine Lay) Continue reading
Posted in Money Coaching, Survey
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
Interview with Sheila Walkington and Karin Mizgala about their new book UNSTUCK
Listen to the interview with Sheila Walkington and Karin Mizgala about their new book UNSTUCK on BlogTalkRadio
Posted in 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 accountable to your own spending and savings plan.
A big part of our system is setting up savings accounts and setting aside amounts every
month for the expenses that occur irregularly or annually, like gifts, travel, or property taxes. By saving monthly for these expenses the money should be available when you need it. This way you won’t have to rely on credit cards or your line of credit when these ‘surprise’ expenses pop up. Continue reading
Posted in Budgeting and Cash Flow, Debt, Relationship to money
Our Book
How to Get Ahead Financially and Start Living the Life You Want.
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Combining practical financial tools, tips and resources with insights into the emotional and psychological challenges of today's money culture, this thought-provoking book will help you bring more joy and ease into your financial life.
