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MSCU Talks

Financial Advice & Conversation from Member Savings CU Coaches & Friends

Start growing your money in your 20s!

Start growing your money in your 20s!

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...

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How to teach our kids to be smart shoppers!

How to teach our kids to be smart shoppers!

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...

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Holiday planning in September? Definitely!

Holiday planning in September? Definitely!

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. 

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How to prepare to become a stay at home parent

How to prepare to become a stay at home parent

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.

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Advice on how to prep for back to school season

Advice on how to prep for back to school season

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. 

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Skip the destination and plan a STAYCATION to stay on budget!

Skip the destination and plan a STAYCATION to stay on budget!

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.

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3 Things to plan before moving day!

3 Things to plan before moving day!

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.

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Deciding between needs and wants when purchasing a home

Deciding between needs and wants when purchasing a home

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.

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What's in a name?

What's in a name?

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.

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Member Savings CU celebrates national ding free® day

Member Savings CU celebrates national ding free® day

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. 

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Member Savings Credit Union turns 68!

Member Savings Credit Union turns 68!

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.

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3 Tips to tackling your home renovation on budget

3 Tips to tackling your home renovation on budget

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...

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Millennials: Why are we still living with our parents?

Millennials: Why are we still living with our parents?

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.

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4 Unexpected costs of Home Ownership

4 Unexpected costs of Home Ownership

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.

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Saving Options for Millennials When Buying Your First Home

Saving Options for Millennials When Buying Your First Home

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...

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Spring Clean Your Finances

Spring Clean Your Finances

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! 

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Top 5 Tax Tips

Top 5 Tax Tips

March 15th 2017

Tax season is upon us, and with just over a month until the tax filing deadline, here are some helpful hints.

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What I learned about Wedding Planning & Sticking to a budget!

What I learned about Wedding Planning & Sticking to a budget!

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...

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How to build an emergency fund

How to build an emergency fund

February 28th 2017

We all know that life is full of the unexpected and things often happen when we are completely unprepared, often financially.

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Happy Birthday!

Happy Birthday!

February 8th 2017 

Happy Birthday to us! MSCU Talks Financial Blog is one year old this month and we couldn't be more excited! 

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4 Helpful Tips on RRSP Contributions

4 Helpful Tips on RRSP Contributions

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!

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How to cut down costs on your grocery bills

How to cut down costs on your grocery bills

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

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Best 3 New Year’s Resolutions to make for 2017!

Best 3 New Year’s Resolutions to make for 2017!

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? 

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Handmade Gifts to keep you on budget this Holiday Season

Handmade Gifts to keep you on budget this Holiday Season

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.

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4 Ways to Save on Holiday Decorating

4 Ways to Save on Holiday Decorating

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.  

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Saving Tips for Christmas

Saving Tips for Christmas

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...

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What Credentials Does Your Financial Planner Have?

What Credentials Does Your Financial Planner Have?

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. 

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10 Ways To Save

10 Ways To Save

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.

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Celebrate International Credit Union Day!

Celebrate International Credit Union Day!

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...

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DIY - Dog Treats on a budget!

DIY - Dog Treats on a budget!

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...

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RRSP's vs. TFSA's - What's the difference?

RRSP's vs. TFSA's - What's the difference?

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)?”

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The best ways to save for a down payment

The best ways to save for a down payment

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...

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Back To School & Financial Literacy

Back To School & Financial Literacy

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.  

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Understanding Mortgages

Understanding Mortgages

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.

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Keeping Yourself Safe From Fraud!

Keeping Yourself Safe From Fraud!

August 16th

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.

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Estate Planning: Power of Attorneys

Estate Planning: Power of Attorneys

Aug 10th 2016

Legal documents can be very intimidating and confusing, especially when it comes to Wills and Powers of Attorney...

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The Importance of a Will

The Importance of a Will

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.

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Tax Free Savings Accounts - The Basics

Tax Free Savings Accounts - The Basics

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.  

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De-Clutter Your Finances!

De-Clutter Your Finances!

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.

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8 costs of home ownership you may not know

8 costs of home ownership you may not know

July 12th 2016

Home ownership is a very exciting time.  You are taking on a whole new responsibility with many expected and unexpected costs...

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5 Things to consider before buying a car

5 Things to consider before buying a car

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.

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Tips for First Time Home Buyers

Tips for First Time Home Buyers

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

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10 Things you may not know about a Credit Union - Part 2

10 Things you may not know about a Credit Union - Part 2

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.

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10 Things you may not know about a Credit Union

10 Things you may not know about a Credit Union

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...

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Are you getting the right Retirement advice?

Are you getting the right Retirement advice?

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

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How to stay on budget

How to stay on budget

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... 

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The Hidden Costs of Buying a Home

The Hidden Costs of Buying a Home

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: 

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Buying vs. Renting

Buying vs. Renting

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.

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What is the Home Buyers Plan?

What is the Home Buyers Plan?

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...  

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National #DingFreeDay!

National #DingFreeDay!

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! 

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My Experience Buying our First Home

My Experience Buying our First Home

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?

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Part 8 - You have the plan & tools - now get going!

Part 8 - You have the plan & tools - now get going!

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!

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Part 7 - Separate your Money

Part 7 - Separate your Money

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.

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Part 6 - Kick Start your Plan

Part 6 - Kick Start your Plan

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.  

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Part 5 - Making Tough Financial Decisions

Part 5 - Making Tough Financial Decisions

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.  

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Part 4 - Improve your Cash Flow

Part 4 - Improve your Cash Flow

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...

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Part 3 - Putting your Plan into Action

Part 3 - Putting your Plan into Action

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!

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Part 2 - Developing a Financial Plan

Part 2 - Developing a Financial 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.

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Financial Wellness

Financial Wellness

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.

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