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Money Sense Magazine: Coached to success

moneysenseHave you worked with a personal trainer? A coach for singing, soccer, weight loss or business?

Coaching moves you forward!  Bruce Sellery speaks with our own Sheila Walkington about how Money Coaching shifts the money mindset and provides the proverbial kick in the butt that many need to be successful.

Have you been wondering if Money Coaching might be for you? Read on!  Coached to Success

Posted in Money Coaching


Streamline your system and focus your finances

By Karen Collacutt, CFP, Certified Money Coach

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 dreams become more conscious about their spending and make better overall financial decisions.

If your papers are piling up and hard to find, your journey to empowerment and control with your finances will quickly get derailed.  By setting up systems to automate and structure your money, and the never-ending paper that goes with it, you can get and keep your financial house in order.

Follow these three simple steps to increase control and confidence in Your Financial System. Continue reading

Posted in Budgeting and Cash Flow


Our favorite money resources

The start of a new year is a good time to review the resources that help you make your best money decisions. We know that money can be a scary topic but knowledge is power and there are many resources geared to letting you dip your toe in the waters.

You don’t have to become a financial analyst or a planner — you’ll simply learn a lot that will help increase your confidence in making financial decisions and help you to know what questions to ask.

To start on your “homework” for 2012, check out some of our favorite money resources. There’s something for everything and for every type of learner — whether you’re self-motivated, you prefer group learning or you’re looking for one-on-one learning opportunities. Continue reading

Posted in Budgeting and Cash Flow, Debt, Investing, Money Coaching, Relationship to money


How are we doing? – Quarterly client survey results and winner

A big thank you to all of our clients who provided us with feedback on their recent experience working with a Money Coaches Canada associate.

Every quarter one survey participant drawn randomly will win a $100 Chapters gift certificate.
This quarter’s winner is James from Winnipeg. Congratulations James!

Couple meeting with money coachWhat are clients are saying
Clients said they came to Money Coaches Canada feeling fearful, frustrated, overwhelmed, powerless, apprehensive, nervous and anxious about money.

100% reported that after working with a money coach they feel more in control of their finances and have the info they need to make better financial decisions.

Here’s what Money Coach Renée Verret’s client had to say:
“I felt scattered and not really sure where to start or what specific areas to look at. Now I feel like I have been given a direction and a map to follow. I could see exactly what I needed to do, and I felt more confident following through with these steps knowing that there was someone I could ask if I ran into any problems. I also have tools that I can use to check up on my own financial health in the future.” – Roxanne

Suggestions we will be implementing
A project to review and revise our worksheets and reports to make them even more client-friendly is underway. We are also using more on-line tools and technology to improve the client experience for clients who are working with coaches at a distance.

To learn more about working with a money coach, contact us for a complimentary consultation.

Posted in Relationship to money


The confusing world of financial advice – part 2

Sheila Walkington Money Coach Vancouver BCBy Sheila Walkington

The financial planning advice industry has largely focused on clients who have money to invest. But where do you turn if you need guidance and advice on how to better manage your day to day finances, start saving for your goals or to get out of debt?

If you are struggling with debt, your options for advice will largely depend on the severity of your debt problem and your ability to repay your non-mortgage related debt within a 4-5 year time period. While there is no shortage of alternatives, the quality and the ethics of the advice vary dramatically so be very sure you find a service that meets your needs and you understand exactly what you are signing up for. Continue reading

Posted in Investing, Money Coaching


The confusing world of financial advice – part 1

Karin Mizgala Money Coach Salt Spring Island BCBy Karin Mizgala

Looking for a financial advisor, but baffled by who to trust, what they do and how they get paid?  You’re not alone.

With the increasing complexity of the financial landscape, high debt levels and the stomach turning market conditions, more people are looking for advice to help them manage their finances. Continue reading

Posted in Investing, Money Coaching


Where do you stand income-wise?

Sheila Walkington Money Coach Vancouver BCBy Sheila Walkington

If you’re curious about how your income stacks up to your neighbour, check out Macleans’ Income Ranking calculator. Chances are you’re not doing too badly income-wise.

If you’re still feeling cash poor, it might be time to take a closer look at your expenses. Not as much fun as dreaming about earning bigger bucks, but a heck of a lot more realistic!

Sheila is Money Coaches Canada’s co-founder and “Debt-WHYs Diva”.

Posted in Budgeting and Cash Flow


He still loves me

Karin Mizgala Money Coach Salt Spring Island BCBy Karin Mizgala

“He still loves me” aren’t exactly the words you’d expect to hear in a financial meeting. But these words, expressed by a recent money coaching client after finally being honest with her husband about the state of her finances, certainly capture the emotional charge and fear of judgment that money can bring to relationships. Continue reading

Posted in Relationship to money


Occupy Wall Street – Getting the conversation started

Karin Mizgala Money Coach Salt Spring Island BCBy Karin Mizgala

While no one seems to be able to figure out exactly what the Occupy Wall Street protesters are demanding, I’m not sure it matters. As David Suzuki points out in his article Occupy Wall Street Reflects Increasing Frustration, it’s a conversation that needs to be had with questions that resonate widely. Continue reading

Posted in Investing, Relationship to money


The insanity of debt

Sheila Walkington Money Coach Vancouver BCBy Sheila Walkington

It seems like everywhere I turn these days there’s an article about debt and how much trouble we’re in.

Canadians owe $151 for every of $100 of after tax income we earn. Families are spending 10-12 times what they earn on housing. The US government is 13 trillion dollars in debt.

13 trillion dollars! That number is so hard to fathom that it almost become meaningless. Which may just be the point. Continue reading

Posted in Debt, Relationship to money