4 Reasons to break up with your bank
August 3rd 2018
If you are like most people, you may be with the same bank you opened your first account with when you were a kid.
August 3rd 2018
If you are like most people, you may be with the same bank you opened your first account with when you were a kid.
June 14th 2018
These past 3 years have been a bit hectic for our family. We lived in a new rental together, then bought a new construction condo...
May 4th 2018
Some people are uncomfortable with the idea of using debt to pay off debt. However, it is important to compare the difference in interest rates being charged when paying down your balance between a loan or line of credit vs. a credit card.
May 18th 2018
With summer rolling in, now is a great time to start thinking about how to cut down costs on your energy bill before your A/C unit begins blasting for the next 3 months.
April 27th 2018
We get it. Things add up and life can sometimes be expensive. That’s why it’s a good idea to take a step back and look at your daily expenses finding ways to save even if its only one or two days a week.
April 17th 2018
With the rise in technology along comes the rise in fraudulent activity. It’s important that we keep our personal information including credit card information, mailing addresses or social insurance numbers safe...
April 3rd 2018
Spring is in the air and with that comes a bit of spring cleaning. Hopefully that cleaning spree includes not only tackling your garage, closets and pantry but also your finances!
March 15th 2018
Being stuck in a cycle of debt can be mentally exhausting. Ensuring you have put together a solid plan to tackle your debt is a great step in the right direction.
February 27th 2018
Getting yourself stuck in debt is frustrating. It can feel like it’s taking over your life. We know it’s hard to break the cycle...
February 15th 2018
Moving out of your parent’s house can provide young adults with a sense of responsibility, ownership and freedom.
February 1st 2018
With the deadline for your 2017 RRSP contribution around the corner (March 1st 2018), this is a great time to remind you of the benefits of contributing money into your RRSP each year!
January 22nd 2018
As a group, Canadians are using their debit cards millions of times a day. Either by chip or tap, it’s one of the most convenient ways to spend while staying in the black each month.
December 19th 2017
The holidays can be an expensive time of year, especially if you are the host! It doesn’t matter if the group is small or large - food, décor, drinks and hosting costs can add up quickly...
December 7th 2017
The holiday season can be so much more than spending money on gifts and long lists of items to buy.
November 16th 2017
Congratulations – you just got married! Now not only have you exchanged rings, but you’ve also acquired each others debt.
October 25th 2017
There is no better time than now to leave your bank and switch over to a credit union. With rising service charges, increased sales pressure and poor customer service....
October 11th 2017
Your 20s and 30s include some of the best years of your life. You’ve completed school, started working, earning more money than ever before and now have money for things like...
Sept 26th 2017
Learning about money at an early age is a huge benefit for children as they grow up and begin working. Many Canadians don’t learn about the importance of money...
Sept 12th 2017
Labour day is only just behind us and we are already thinking about the holidays. Why may you ask? Because planning ahead is key to a stress-free holiday season.
August 29th 2017
Making the decision to become a stay at home mom or dad is huge. It will be rewarding in so many ways however, unfortunately not financially.
August 16th 2017
Sending your child off to university or college will be an emotional event, likely for both of you. You will likely be both ecstatic at the fun times ahead or teary at the end of an era.
August 9th 2017
The days of shorts, sunscreen and flip flops are nearing an end but there is still time to fit in a few more vacation days before the kids are back to school.
July 27th 2017
Moving can be stressful. Whether it’s a second home, upsizing or downsizing or you are a first-time home buyer, preparing for moving day is never easy.
July 17th 2017
The decision to purchase a home is one of the biggest decisions of your life. It’s a huge financial and emotional purchase, so it needs to be representative of your lifestyle, and your budget.
July 6th 2017
Have you ever sat down and looked at all your ID to see if your name is consistent on all documents? Many people use different names on various documents without considering the ramifications of the variety of names.
June 21st 2017
Today, Member Savings Credit Union is celebrating national ding free® Day to help create awareness about the large network of surcharge-free ATMs available on our network across Canada.
June 15th 2017
Another year another birthday! We couldn’t be happier about getting older because every added year means reaching the financial goals of more and more Canadians.
May 19th 2017
Planning a major (or minor) home renovation can be stressful. Whether you bought yourself a fixer upper or just have an old room that needs to be brought into the current decade...
April 26th 2017
Do you ever think back to when you were a kid? Carefree, too young to work, big dreams and ideas about what your future would hold.
May 4th 2017
After recently purchasing a new home and spending quite a bit of time saving, there were still a few things that came up that were a bit unexpected.
April 13th 2017
This isn’t the easiest time to be a millennial looking to buy your first home. With the real estate market the way it is...
March 23rd 2017
As you start preparing your spring cleaning list, don’t forget to take a good look at your finances and make sure you are on track to achieve all your New Year’s resolution goals!
March 15th 2017
Tax season is upon us, and with just over a month until the tax filing deadline, here are some helpful hints.
March 8th 2017
I was never really the person that dreamt of some big fancy wedding. I always thought I could keep things simple, non-traditional, stress-free and on budget...
February 28th 2017
We all know that life is full of the unexpected and things often happen when we are completely unprepared, often financially.
February 8th 2017
Happy Birthday to us! MSCU Talks Financial Blog is one year old this month and we couldn't be more excited!
January 25th 2017
With the deadline for your 2016 RRSP contribution around the corner (March 1st 2017), this is a great time to remind you of the benefits of contributing money into your RRSP each year!
January 10th 2017
Generally, there are a few different types of grocery shoppers. There are the daily shoppers who will buy one or two bags of groceries every day or
Dec 30th 2016
Every year we challenge ourselves with big, extreme resolutions that can sometimes be hard to keep. Why not set yourself realistic goals based on your personal financial situation?
December 20th 2016
The holidays can be a very expensive time of year, especially if your gift exchange list of friends and family members is long.
November 28th 2016
The holidays are such a great time of year. The most wonderful time some would say! Snow is falling, holiday music is playing and holiday parties start happening.
November 15th 2016
Now that Thanksgiving and Halloween have come and gone, everyone is turning to thoughts of Christmas. It’s still early, but it is a great time to put a plan in place to save time, keep your spending within budget and...
Nov. 9th 2016
Did you know that in Canada (excluding Québec) anyone can call themselves a financial planner or financial advisor? No qualifications or credentials are required.
October 26th 2016
Obviously being a financially focused blog, we love talking about money! We also love to save money, especially when we have a goal of what we are savings towards.
October 18 2016
This year the focus for International Credit Union Day is the authentic difference between credit unions and banks. Credit Union employees are passionate about what they do and truly care...
October 4th 2016
How quickly do we fall head over heels in love with our little four-legged fur-babies? After becoming the proud dog mom to our Australian Shepherd...
September 27th 2016
The most common question I get asked as an Investment Specialist is, “Should I deposit my money into a Registered Retirement Savings Plan (RRSP) or to a Tax Free Savings Account (TFSA)?”
September 20th 2016
If you are like me, a millennial, you are constantly thinking about buying your first home. You may have quickly found out...
September 13th 2016
It’s that time of year again! How quickly the summer flies by. The kids have been hanging around the house playing video games or outside with friends.
August 30th 2016
You are looking to buy a home or condo but you aren’t exactly sure how mortgages work. Before diving into the real estate market head on, take a minute to understand what you are getting yourself into.
Sometimes keeping track of all of our passwords can be hard. It is tempting to make each and every password the same so we won’t forget.
Aug 10th 2016
Legal documents can be very intimidating and confusing, especially when it comes to Wills and Powers of Attorney...
August 2nd 2016
Over 50 percent of adult Canadians do not have a will. That’s a scary number given the reality of passing away without one.
July 26th 2016
Tax Free Savings Accounts (TFSA’s) have been around since 2009 and provide Canadians with a great way to save money each year with the interest earned being tax free.
July 20th 2016
I recently wrote a series of blogs on how to achieve Financial Wellness. In hindsight, I missed what should have been the very first step in this process -- decluttering your financial paperwork.
July 12th 2016
Home ownership is a very exciting time. You are taking on a whole new responsibility with many expected and unexpected costs...
July 7th 2016
Buying a car is not a decision you should make overnight. There are many factors to consider when choosing the best option for you.
June 24th 2016
Thinking about purchasing your first home can be scary! Being financially ready and mentally ready do not often fall simultaneously. Either way it’s important you know what to expect before jumping into the process
June 16th 2016
Are you one of the many people out there wondering – what exactly is a credit union? Part 2 of our series, here are the remaining 5 things to know about credit unions.
June 10th 2016
Are you one of the many people out there wondering – what exactly is a credit union? What makes them different to banks? Are they better? If so, you’re not alone. We are here to tell you - yes...
June 3rd 2016
I’ve had many occasions to speak to LCBO employees recently who are retiring before the end of the year. I could write a book about the misinformation that is being passed along to these upcoming retirees by friends or relatives
May 27th 2016
Just because you have put yourself on a strict budget doesn’t mean you can’t still enjoy some of life’s finer things. To keep life fun while remaining on budget you need to start thinking...
May 20th 2016
When we think of buying a home most of us look at the purchase price, mortgage amount and down payment however, there are a number of other costs to consider:
May 11th 2016
So you want to move out of your parents place but not sure which direction to take - should you rent or buy? It’s a big decision, one that you should spend some time carefully planning, weighing the pros and cons of both options.
April 29th 2016
Do you want to know about a fantastic way of saving towards your dream of owning a home? It’s called The Home Buyers Plan (HBP), set up for first time home buyers...
April 22nd 2016
Do you ever find yourself on the go and needing cash? Are you sick of getting hit with the $2 service charge from some of the big banks just for withdrawing your money? Fear no more!
April 15th 2016
If you are like me, in your mid to late twenties, trying to save for your first home, you will understand how hard this can be. How do people do it?
April 5th 2016
Now you have your goal in sight and you’ve started on your plan to achieving that goal – now what? Get that plan into action!
March 23rd 2016
One of the best strategies that I have used for over 30 years to help keep me on budget, is to divvy up my money into separate accounts.
March 16th 2016
You know when you go on a diet and lose those first 5 to 10 pounds? This then becomes the motivation you need to stick with your plan and lose even more weight? There is nothing better than acting on your plan and seeing actual results. Use this same analogy to kick-start your financial plan.
March 8th 2016
If your goal is to improve your cash flow so that you can simply afford your monthly expenses, there are some hard decisions you have to make. If you have gone through the process of looking at all of your expenses to eliminate or reduce them, you are off to a good start.
February 24th 2016
You are not alone if you have a cash flow deficit. In other words, your expenses exceed your take home pay - don’t give up at this point! There are several ways to improve your cash flow...
February 18th 2016
My previous Blog was all about setting goals. Now that you’ve done that, it’s time to put a plan in place. You will need to review your finances so that a budget can be created. Now don’t cringe at the word “budget”. Remember your goal and focus on that. Just like the road trip analogy, you can't get from A to B without a plan!
February 9th 2016
What does “Financial Wellness” mean to you? Does it mean being debt free? Having enough cash flow to meet your monthly expenses? It might mean owning a home or having substantial savings. Simply put, financial wellness is different for everyone but starts with defining your goals then developing a plan in order to achieve them.
February 1st 2016
Many of you have made your New Year’s resolutions and have started to execute your plans for 2016. Improving one’s health is usually top of the list and we tend to focus on improving our diet, losing weight and starting a fitness regime.