Many young Canadians share one common goal after they finish their post-secondary education: Homeownership. However, in today’s world, unless you’ve hit the jackpot or have earned a job that pays you a six-figure salary, chances are your dreams of homeownership are proving to be more difficult than expected. Couple that with any lingering student debt, …
How to Save for a Down Payment While Juggling Student Debt Read More »
From diapers one minute to college prep the next, childhood seems to fly by all too quickly. While your child entering university is an exciting milestone for any parent, planning for post-secondary finances can be daunting. From tuition and school supplies to housing and meal plans, the price tag for higher education has gotten quite …
RESP 101: How to Maximize Your Savings to Fund your Child’s Education Read More »
Today, more Canadians than ever are interested in making choices that positively impact their community and making purchasing decisions that benefit the planet. As you evaluate how you shop, there are countless opportunities to start incorporating eco-friendly shopping habits into your everyday life that can benefit the environment and your wallet. What is sustainable shopping?Sustainable …
How-to Guide for Shopping Sustainably and Saving Money Read More »
Are you looking for a financial institution that cares about helping their communities and members improve their environmental, social, and economic well-being? Since the early 1900s, credit unions across Canada have set themselves apart for their personalized and people-focused approach to financial services. That is because when you bank with a credit union, your financial …
As the age-old saying goes, ‘tis better to give than to receive, and giving back– big or small -can make a real difference to those in your community. While contributing to your community is a worthwhile endeavor, it can be a source of great financial stress without proper financial planning. The good news is, there …
Contributing to Causes Without Breaking The Bank Read More »
Some Canadians are getting creative when it comes to breaking into the real estate market. In addition to borrowing money from family, taking out loans, and strict budgeting, there is also another option that is gaining popularity: Home-co-ownership. What’s Home Co-Ownership? Simply put, home co-ownership involves two or more people buying a home together to …
Home Co-Ownership- The New Way to Break into Real Estate? Read More »
Purchasing your first car is an important milestone for many young Canadians, signifying your step towards freedom and independence. However, while buying your first car can be exciting, it is also a financially costly decision that can be daunting. From choosing between heated seats and chrome plating to whether you should purchase your car brand …
Whether you’re shopping online, booking a doctor’s appointment, or paying your monthly credit card bill, advancements in technology have made it easier for Canadians to perform their everyday activities all at the click of a button. However, while these technological leaps have enhanced our lives, they have also scattered our personal information more widely – …
From recycling and reducing carbon emissions to advocating for pay equity for employees, Canadians are more passionate about creating an environmentally, socially, and equitable world than ever before. Have you set aside extra money and want to dive into investing, but want to put your money towards an investment that aligns with your values? If …
Responsible Investing 101: A Beginner’s Guide to Investing Responsibly Read More »
Whether you’re looking to pay off debt or save for your kid’s university tuition, there’s one habit that will help you realize your goals: budgeting. Yet despite its significance, many people grapple with managing money — not least because of mounting interest rates and soaring prices. So to help, we’re sharing six tried-and-true tactics that …
Six budgeting habits of financially successful people Read More »
Small businesses account for 98% of all businesses in Canada, but only half of small businesses make it more than five years. There is a lot to consider when starting your own business and applying for a loan is just one item on the checklist, and an essential one at that. This additional funding could …
Born between the mid-1990s and the early 2010s, Generation Z is breaking out from the comfort of the classroom, and into the daunting world of adulthood. From buying groceries to paying rent, and learning how to save for vacations and other large purchases, this generation is facing a series of financial “firsts” on their road …
Top 5 Gen Z Money Mistakes – How Many Are You Guilty Of? Read More »
National Day for Truth and Reconciliation takes place on September 30th in Canada. This is a day for Indigenous peoples and Canadians to recognize Indigenous culture and history, along with the devastating history of residential schools and how they continue to impact so many Indigenous communities across Canada. Collectively, it’s important for each of us …
Truth and Reconciliation: How Credit Unions are Supporting Indigenous Reconciliation Read More »
National Day for Truth and Reconciliation Canada’s National Day for Truth and Reconciliation takes place each year on September 30th, and is a day for Canadians to reflect, learn, mourn, and honour the tragedies that unfolded when children belonging to Indigenous communities across Canada were taken away from their families and forced into residential schools, …
Indigenous Reconciliation and Canada’s Credit Unions Read More »
From saving for retirement to funding your child’s post-secondary education, investing can be an excellent way for Canadians to grow their wealth over time. Now, all investments carry financial risk, and with so many options available to you, deciding how to allocate your funds can feel daunting. Whether you are a novice or a seasoned …
From classes and writing papers to forging new friendships and late-night exam cramming sessions, the start of a new school year is an exciting time for many Canadians. However, with a laundry list of new school supplies, textbooks, technologies, and clothing items in need of purchase every year – on top of tuition and housing …
Back to School Budgeting: Top 5 budget-friendly tips to use this school year Read More »
Canada’s Credit Unions lead with positive change. Credit unions united have the power to lead positive change and have a transformative role in shaping Canadians’ future, Jeff Guthrie, CEO of the Canadian Credit Unions Association (CCUA), told attendees at a global gathering of credit union representatives at the 2023 World Credit Union Conference (WCUC) in …
Canadian Credit Unions Are Leading the Way to Pave a Brighter Financial Future for All Read More »
With unaffordable housing and the cost of groceries increasing daily, the cost of living in Canada is coming in at a high price tag. Today, many Canadians are having to make significant adjustments to their financial budgets, cutting out modest indulgences and focusing solely on covering their monthly financial needs. With rent or mortgage payments, …
Credit scores are like bones in our body: we often don’t realize how important they are until we injure them. However, unlike a broken bone, by adopting sound financial habits, you can heal your poor credit score without too much discomfort. Whether you are applying for your first credit card, purchasing your first car, or …
Credit History 101: Your Credit History and Why It Matters Read More »
Not sure how to adult your finances? Here are some considerations. Graduating from university or college, securing your first job, and renting your own apartment that you can call home is an exciting milestone in the lives of many young Canadians. However, while adulting brings the joys of independence and the opportunity to pursue the …
