TRENDING  WHAT LOAN IS RIGHT FOR YOU?     

/consumer-education/

Consumer Education

/consumer-education/

Consumer Education

TRENDING  WHAT LOAN IS RIGHT FOR YOU?     


10.19.2021 / Safety

3 Important Steps You Can Take to Avoid Fraud
New and Old Dangers The world has changed for the better with a rise in technology that protects people and transactions with increased security measures. However, scam artists have adapted to new ways of doing business, too.  In some ways, transactions are safer than ever with complex passwords…

10.18.2021 / Borrowing

When Is the Worst Time to Borrow Money?
It Is Not Always a Good Time  Advertisements are never going to advise caution when approaching their products.  The financing might sound cheap and easy, and the product might be appealing, but it is not always a good time to borrow money.  The long-term effects of debt are too serious to be…

10.15.2021 / Budgeting

5 Factors that Prevent Debt Payoff
The Battle to Eliminate Debt  Debt can go from an inconvenience to a disaster if left unmanaged.  And even once the struggle has begun to eliminate personal debt, it can feel like a futile endeavor.  Some things just get in the way.  Here are a few things to look out for when trying to be diligent…

10.15.2021 / Borrowing

Is This the Right Time to Borrow Money? 
Avoid the Borrowing Blues In a desperate situation, borrowed money can seem like an easy way out.  But countless people have been crippled by student loans, credit cards, and car payments.  A loan is a binding legal contract, an agreement to pay back the money borrowed at the agreed upon interest…

10.15.2021 / Budgeting

5 Inexpensive Home Renovations that Add Value to a Home 
Strategic Improvements  The Do It Yourself craze has officially swept the world, and more and more people are itching to make renovations, additions and improvements to their homes.  But many are finding that once their updates are made, they have a hard time re-selling the house.  While passion…

10.19.2021 / Safety

3 Important Steps You Can Take to Avoid Fraud

New and Old Dangers The world has changed for the better with a rise in technology that protects people and transactions with increased security measures. However, scam artists have adapted to new ways of doing business, too.  In some ways, transactions are safer than ever with complex passwords…

10.18.2021 / Borrowing

When Is the Worst Time to Borrow Money?

It Is Not Always a Good Time  Advertisements are never going to advise caution when approaching their products.  The financing might sound cheap and easy, and the product might be appealing, but it is not always a good time to borrow money.  The long-term effects of debt are too serious to be…

10.15.2021 / Borrowing

Is This the Right Time to Borrow Money? 

Avoid the Borrowing Blues In a desperate situation, borrowed money can seem like an easy way out.  But countless people have been crippled by student loans, credit cards, and car payments.  A loan is a binding legal contract, an agreement to pay back the money borrowed at the agreed upon interest…

10.15.2021 / Budgeting

5 Factors that Prevent Debt Payoff

The Battle to Eliminate Debt  Debt can go from an inconvenience to a disaster if left unmanaged.  And even once the struggle has begun to eliminate personal debt, it can feel like a futile endeavor.  Some things just get in the way.  Here are a few things to look out for when trying to be diligent…

10.15.2021 / Budgeting

5 Inexpensive Home Renovations that Add Value to a Home 

Strategic Improvements  The Do It Yourself craze has officially swept the world, and more and more people are itching to make renovations, additions and improvements to their homes.  But many are finding that once their updates are made, they have a hard time re-selling the house.  While passion…

10.15.2021 / Safety

Cheque Cashing and Cheque Writing Tips

  A cheque is a negotiable instrument issued to an account holder by a bank. This document can be used to pay someone a specific amount of money on a certain date. You can write a cheque to any business or person as a way to transfer money from your bank account to them. Below are some basic tips…

10.08.2021 / Borrowing

How to Better Understand Your Credit Score

  What is a Credit Score? Talking about your credit score is like talking about escrow – it’s one of those financial things that comes up all the time, but it is not always easy to understand.  But your credit score is not just a mysterious number, it is vitally important to several key life…

10.07.2021 / Budgeting

5 Small Ways to Save Money

  The Quest for More Money It doesn’t matter how much money is made, there never seems to be enough. Even after a great raise or new position, the excitement only lasts long enough for a recipient to adjust to a new lifestyle. Then, ending up with the same small amount left in the bank account. …

10.04.2021 / Borrowing

Mortgage 101: What You Should Know

A mortgage is a loan used to buy a home. If you’re currently in the housing market and considering a mortgage, it’s important to understand the unique rules, regulations, and terminology involved in the process. Learn about key mortgage terminology, shopping for a mortgage, getting pre-approved,…

10.01.2021 / Budgeting

3 Easy Steps to Creating a Simple Budget

Why Create a Budget? For those who have ever been afraid to pull up a bank statement because of yet another overdraft, a budget is desperately needed. Really, every household needs a way to keep track of spending; but a budget is a necessary part of life that not only gives households a complete…

09.30.2021 / Borrowing

What Loan is Right for you?

Tips on Choosing a Installment or PayDay Loan Whether you have unpaid bills on your hands, you’re dealing with an unexpected emergency, or you just want to keep cash handy for a rainy day – there’s a loan that can meet your financial needs. If you’re looking for a little cash to tide you over…

09.28.2021 / Budgeting

How Much Should You Save Every Month?

Saving is Important  Almost every child had a little piggy bank and was reminded to save their coins while growing up.  It may have even been fun adding to the little savings account for a piece of candy or another small treat.  Now, as adults, the years have added a little wisdom to our lives.  …

09.27.2021 / Budgeting

5 Important Key Categories in Every Budget

The Importance of a Budget  Budgeting is not typically something people enjoy as it can be tedious and time consuming.  However, the purpose of budgeting is to identify the money that is coming and going, minimizing stress and unnecessary worry.  Once you get into the habit, it doesn’t take very…

09.27.2021 / Lifestyles

5 Easy Ideas for Side Hustles

Hustling on the Side  The reality of life is that most people do not get to live their passion and make money for it.  People work their jobs to make money so they can go home and do what they love, and sometimes they daydream about how great it would be if they could actually get paid for it…

09.27.2021 / Borrowing

4 Important Facts to Know About Installment Loans

Characteristics of an Installment Loan An installment loan is any amount of money that is lent to a borrower all at once, and then paid back in installments. The average mortgage, car payment and student loan repayment plans follow this model.   Typically, an installment loan will have a fixed…

09.27.2021 / Borrowing

How to Come Up with a Reliable Repayment Plan

It’s Payback Time Whether it is the mortgage, student loans or just a credit card, the inevitable time comes when repayment must begin.  Unfortunately, many people have no idea where to start and are even unsure where they stand in relation to debts versus income.  This seems to be particularly…

09.24.2021 / Borrowing

5 Important Tips to Becoming a Savvy Borrower

Reduce the Risk of Borrowing The shock of the Great Recession has largely faded, and people are less shy with debt than they were a decade ago.  The proliferation of student loans and credit cards has accustomed new generations to the idea of borrowing money and managing debt.  Of course, as…

09.20.2021 / Borrowing

4 Mistakes to Avoid When Borrowing

Borrow with Both Eyes Open Even with less than perfect credit, it’s easy to borrow money – sometimes a little too easy.  Situations arise when a loan is necessary, whether it is a big purchase like a house or a car, or in an emergency when cash is short.  But neither excitement nor panic should…

09.09.2021 / Safety

Use These Tips to Ensure Your Mobile Cheque Cashing Goes Smoothly

COVID-19 has changed the way banking services work for the near future. Due to necessary social distancing measures, many banks are recommending the option of mobile cheque cashing to keep customers safe. Mobile banking is an easy and popular way of taking care of your financial transactions during…

09.08.2021 / Borrowing

What Important Items You Need to Know Before Taking Out a Loan

The Precarious World of Borrowing Money Many students having just graduated college find that they are entering the world of adulthood saddled with student debt. Add to that mortgages, car payments, credit cards and more, and the idea of debt can seem overwhelming. With so many choices of lenders…

09.08.2021 / Lifestyles

5 Tips to Prevent Impulse Buys

The internet has made it easy to make impulsive purchases: just a swipe and a click, and that amazing pair of shoes is yours. Impulse purchases are usually an emotional reaction to counter stress, but the dopamine spike that comes from "retail therapy" is temporary and subsides when the budget woes…

09.02.2021 / Lifestyles

5 Bad Money Habits That Are Normalized

Normalizing poor financial management has made people give themselves permission to skip some of the most important things they need to be doing. These bad habits can damage people’s financial health for years. Here are five of the worst spending and saving habits that are normalized.  1. Failing …

08.26.2021 / Lifestyles

How to Boost Your Credit Score

Your credit score is important for understanding your overall financial health. A higher score will help you get approved for new lines of credit with the lowest interest rates possible. If yours is not as high as you'd like for meeting your financial goals, don't despair. With some time and effort…

08.25.2021 / Lifestyles

Is it More Cost-Effective to Grocery Shop Every Week or Month?

Modern families don't have as much spare time as they would like. Numerous responsibilities are extremely time consuming, making it impossible to fit everything in. While every parent would love to provide healthy food alternatives for their children, this is often difficult to achieve. One of the…

08.25.2021 / Budgeting

Save Money on Your Produce Bill

The healthiest items for sale at the grocery are located around the store's perimeter. This is the location of the meat, dairy, fruits, and vegetables, but studies indicate that most people spend 80% of their shopping on the inner aisles, and the biggest reason is the cost. All those vegetables and…

08.19.2021 / Lifestyles

What’s the Difference Between a FICO Score and VantageScore Credit Score?

Lenders use credit scores to determine the creditworthiness of a borrower. Common types of activity that contribute to your credit score are debts, such as student loans and mortgages, credit cards, and auto loans.   Credit scores range from 300, which is very poor, to an excellent 850. If you…

08.13.2021 / Borrowing

Your Guide to Repaying Student Loans

If a college education is part of your life plan, student loans may be unavoidable. The cost of college can be overwhelming for recent graduates as they face a new career and a mountain of debt. The following strategies can help make paying off student loans more manageable.  1. Take Stock of Debt…

08.13.2021 / Budgeting

3 Reasons to Ditch Your Budget (for a Better Option)

Budgeting is a necessary part of a healthy financial life for many. However, if you go about it the wrong way, your budget can actually cause more problems than it solves.   If you have been struggling to stick to the budget you have created, it's time to look at the underlying reasons that it isn…

08.10.2021 / Lifestyles

Meal Prep: Freezer Cooking That Saves Money

Freezer cooking, also known as investment cooking, is a great way to save time and money. Setting aside a chunk of time on the weekend to cook and freeze a bunch of meals will enable you to relax on those busy weeknights. This will allow you to streamline your grocery shopping and avoid impulsive …

08.09.2021 / Budgeting

Budgeting for Beginners

Making a budget to follow can seem like a scary task to undertake. Many people associate budgeting with restrictions. It doesn't have to be this way!  Think of your budget as the way that you are creating freedom and financial prosperity for yourself. Focus on the positive qualities and you will…

08.07.2021 / Lifestyles

Set Yourself Up for a Healthy Financial Life

Have you ever scrolled through pages of financial advice and wondered whether there’s a straightforward way to set yourself up for a healthy financial life? Fortunately, there is! Although the world of finances can quickly become complex, managing your money well and ensuring a solid financial…

08.03.2021 / Lifestyles

Essential Money Moves for Women

You work hard for your money, so why not make sure your money works hard for you? In today's world, women are rising the ranks in the workplace and climbing professional ladders faster than ever. It's essential to be your own financial officer and make smart money moves that can help you secure a…

08.02.2021 / Budgeting

Deciphering Which Budget Method Fits Your Lifestyle Best

You may already know that it’s critically important for your financial health to have a detailed budget, but did you know there are different approaches you could try? If your current approach just doesn’t seem to suit you, switching to a different way of budgeting could help you get motivated to…

07.29.2021 / Lifestyles

How to Avoid Revenge Spending Post-Pandemic

Even if you’ve been saving extra money during the pandemic, it’s important to be wary of going overboard and splurging too much once the it’s over. All across Canada, household savings have gone up as many people have stayed at home and spent less on their usual activities. However, revenge…

07.29.2021 / Budgeting

Can’t Pay Your Bills? Here Are Some Things You Can Do

Do you ever find yourself in a situation where the money left over in your bank account at the end of the month doesn’t seem like enough to cover your essential expenses? Figuring out what to do when you can't cover your bills can stressful and challenging. Fortunately, if this happens to you there…

07.29.2021 / Lifestyles

Can You Quickly Raise Your Credit Score?

There’s no way to repair your credit overnight. Nevertheless, there are a few things that you can do to make considerable progress in relatively little time. Here are some tips to improve your credit quickly.  Check and Monitor Your Credit  Keeping a close watch on your credit score is an…

07.29.2021 / Budgeting

Budgeting Tips for Single-Income Households

Operating on a single income can make budgeting trickier for any household. Whether you live alone, you're a single parent, or you and your partner have decided to live off of just one income, single-income household finances can be a little tighter and may require extra planning. However, with…

07.27.2021 / Budgeting

Break the Cycle of Living Paycheque to Paycheque

Do you ever find yourself struggling to cover expenses towards the end of the month and anxiously awaiting the deposit of your next paycheque? If so, you're far from alone. By some accounts, more than half of all Canadians live paycheque to paycheque. Constantly stretching every penny and worrying…

07.27.2021 / Lifestyles

Avoid Paying an Overdraft Fee Ever Again

Are you tired of constantly paying overdraft fees to your bank? Although having a bank account can come with several advantages and may play a key role in helping you manage your money, overdraft fees can become a financial burden. However, you can get around this problem by finding straightforward…

07.09.2021 / Budgeting

You Can Afford a Summer Vacation!

If you're considering whether you can afford to take a vacation this summer, the answer is a resounding "yes!" In fact, if your company offers paid time off, you really can't afford not to. Studies have linked travel to higher energy and increased levels of empathy, focus, and attention. Even the…

07.08.2021 / Lifestyles

Save Money on Energy This Summer

Energy bills can rise considerably in the summer. Some people see their bills go up around 50 percent or even more. Being more conscientious about how you use power can make a big difference in your monthly bill and help you put more of your money toward fun summertime activities. Here are some…

07.07.2021 / Safety

Preparing for a Financial Emergency

Even if you have a good handle on your finances, it’s always helpful to make sure you’re prepared in case of an emergency. Financial emergencies can pop up at unexpected and inconvenient times. When they occur, having additional savings or a backup plan can act as a critical safety net. Here's how…

07.06.2021 / Budgeting

Money-Saving Tips for Cooking

Do you love to cook but hate to waste money? Learning to cook meals at home is not only a great hobby but can even prove beneficial to your health! However, if you want it to be beneficial to your wallet as well, you might need to do a little planning. Fortunately, you can easily save a little cash…

07.06.2021 / Budgeting

How to Budget for an Expensive Purchase

Do you have your eye on an expensive purchase but don't want to break the bank with a sudden splurge? Expensive purchases can feel daunting to save for, but you can make them in a responsible way with enough planning. When it comes to major purchases, such as a family vacation, a brand-new car, or…

07.02.2021 / Lifestyles

Inexpensive Places to Travel in Canada

Travel is a great way to reset, rejuvenate and take a break from your daily life, but it isn’t always cheap. If you’re on a budget but would love to get away, it is possible to travel in Canada without breaking the bank. Here are some of the least expensive getaway locations in the country. …

07.01.2021 / Budgeting

How Much Money Can You Save by Adjusting Your Thermostat?

Do you shudder when you receive your energy bill each month? The cost of heating and cooling your home can be prohibitive. There are, however, some effective ways to cut down on this cost by adjusting your thermostat and becoming more aware of the reason behind the cost.  Get a solid understanding…

06.30.2021 / Budgeting

How Much Can Generic Brand Items Save You at the Grocery Store?

Your grocery bill can quickly eat up a serious chunk of your monthly budget. Canadian grocery bills have gone up significantly in recent years, especially in certain parts of the country, and many Canadians feel the squeeze. However, if you currently purchase name-brand items, there's an easy trick…

06.29.2021 / Budgeting

Essential Budgeting Tips to Teach Your Kids

No matter how young your kids are, it’s never too soon to begin teaching them the basics of budgeting! Learning essential budgeting skills from an early age is a critical component in the development of financial maturity. Start by weaving these important life lessons into everyday activities! …

06.29.2021 / Budgeting

Gas-Saving Tips for Road Trips

Are you excited about your upcoming road trip but worried that all the gas bills will start to stack up? Although road trips can involve several expenses and may even become pricey if you overspend, it is possible to save gas – and money – by planning ahead of time. Here’s how you can save on your…

06.28.2021 / Lifestyles

How Debt Can Impact Mental Health (And How to Help)

Have you ever thought about whether debt and finances can affect an individual's mental health? Finances may have more of an impact on emotional and mental well-being than you might think, but it's possible to turn those feelings around. There are certain signs that can indicate it's time to get…

06.28.2021 / Budgeting

Saving for Mid-Term and Long-Term Financial Goals

You might already know about the numerous essential reasons to save money regularly, but you might be wondering how you can target goals that you don't plan to reach for quite some time. Whether this means remodeling your house within the next four years or retiring within the next forty, making a…

06.28.2021 / Budgeting

5 Things You Can Stop Buying

Do you ever feel like you’re overspending on everyday items? While you might not be able to avoid some purchases, others might be causing you to waste money without even realizing it. If you’re hoping to trim down your expenses and start saving a little more cash, here are five things you can stop…

06.28.2021 / Budgeting

Tips for Self-Care on a Budget

On a tight budget but still want to find ways to look after yourself? Just because you have a limited amount of cash to splurge on self-care doesn’t mean caring for your own well-being isn't important. Although you might typically associate the term "self-care" with luxurious trips to the spa,…

06.24.2021 / Budgeting

Vacationing on a Budget

Hoping to jet off on vacation with family and friends soon, but concerned your dollars won’t stretch far enough? Even though vacations are supposed to be a time for relaxation , they can quickly become a burden on the wallet if you aren’t careful. The good news is  vacations don’t have to be overly…

06.22.2021 / Lifestyles

Celebrating the 2021 Summer Solstice

Summer is the perfect time of year to gather with friends and family. Enjoy the essence of the season by organizing a get-together on the Summer Solstice.  This holiday focuses on renewal, reflection, and celebrating life. It is an ideal event to spend with your loved ones. Quality time together…

06.18.2021 / Lifestyles

30 Day Mental Wellness Challenge

Promoting good mental health is a critical component in maintaining your quality of life, but if work and other activities keep you too busy to take time out for yourself, try this 30-day mental wellness challenge. For the next month, challenge yourself to get out of your typical routine, focus on…

06.11.2021 / Budgeting

Money Goals to Set (And Meet) in Your 30s

Your 30s are a unique financial time: while you may still feel like a 20-something or a carefree university student, many adult milestones, such as having a family or purchasing a home, may be on the horizon. Additionally, if you aren’t already planning for your retirement, it is time to think …

06.10.2021 / Budgeting

Short-Term Savings Goals

Whether you have a big purchase coming up or just want to quickly pad your savings account, there are several ways you can reach your short-term savings goals. Putting away money regularly is essential for your long-term financial health, but focusing on saving in the short term can be a great way…

06.09.2021 / Borrowing

What are the Credit Score Ranges?

Have you ever wondered what your credit score really means, but weren’t sure where to find the answers? Whether you’ve had a credit card account open for years or you’re new to the game and looking for ways to start building your credit, understanding the most common credit score ranges can help …

06.08.2021 / Budgeting

Avoid Unnecessary Purchases to Save Money

Do you ever find yourself reviewing your credit card bill at the end of the month and wondering why you spent so much on items that, in hindsight, you don’t really need? Unfortunately, many consumers find themselves in this position – it’s common to make spur-of-the-moment purchases or to justify…

06.08.2021 / Budgeting

Money Saving Challenges for 2021

If one of your 2021 New Year’s resolutions was to save more money, you might be wondering how to meet that goal. While there are many practical ways to save money, such as setting aside the same amount every week, one of the best-kept secrets of saving money is that you may be more likely to meet…

06.08.2021 / Budgeting

A Guide to Saving Money

You've probably heard about how important it is to put money away for the future. You may have even thought about increasing the amount you save every month, but did you know there are several other important components to saving money? The types of accounts you use and the benefits they provide …

06.08.2021 / Budgeting

Financial Goals for Your 40s and 50s

Are you currently in middle age and already looking forward to planning your golden years? Before you can retire from work and live the financially free life you've always dreamed of, you'll have to do some careful financial planning and saving. If you're currently in your 40s or 50s, you're…

06.08.2021 / Budgeting

A Guide to Bank Accounts

Your accountant or financial advisor may have told you about the importance of having your own bank account, but do you know all the ins and outs of these common financial accounts? Personal bank accounts have several benefits, from providing a safe place to put away money to potentially helping…

06.08.2021 / Budgeting

Money Lessons from the COVID-19 Era

Since the start of the COVID-19 pandemic, many Canadians have changed their spending habits. The COVID era ushered in a heightened sense of financial awareness and, oftentimes, an abundance of caution in terms of ensuring every purchase is truly worthwhile. Even after the pandemic passes, there are…

04.13.2021 / Borrowing

How to Get Your First Credit Card

Many of life's most significant financial decisions require a good credit score. Most people start their credit history with a credit card, as this is one of the easiest forms of credit to obtain. For those wishing to apply for a credit card, you must meet the minimum age requirements and provide…

03.15.2021 / Safety

Protecting Yourself Against Gift Card Scams

Money Mart will never ask you to pay back your loan with a gift card. If you have believe you are the target of a gift card scam, please take the following steps: 1.    Contact Money Mart Customer Support immediately  2.    Report the scam to the Federal Trade Commission (FTC) or, if you're…

03.04.2021 / Budgeting

How to Consistently Save Money for the Long Term

Having enough cash to cover your expenses today is one thing, but building up a true savings cushion to support you in the long term is another. If you’ve wanted to start your nest egg but find it difficult or maybe even daunting to think about putting away money today to use down the road, there…

01.15.2021 / Borrowing

How to Build Various Types of Credit

Good credit has an impact on your ability to get a loan for a new automobile or a new home. Credit may also be a factor in getting approved for insurance coverage or in passing a background check for a potential employer. Just as there are several reasons for needing good credit, there are several…

01.13.2021 / Budgeting

Financial Tips for Millennials: Estate Planning

For those under the age of 40, planning an estate may seem like a far-off matter. However, all adults, regardless of age, need to have a plan in place for what will happen after they eventually pass. While many who draft an estate, plan are already heading towards the golden years, Millennials can…

12.15.2020 / Borrowing

4 Simple Ways to Improve Your Credit Score

The Famous Credit Score Your credit score is a three-digit number that tells financial institutions how likely you are to pay back borrowed money.  It factors in payment history, total debt, number of credit requests, and more. A good credit score is essential to keeping financial options open and…

12.07.2020 / Borrowing

Top Debt Consolidation Options

Managing your daily finances can be a struggle, especially when you have a substantial amount of debt. Though some debt with a home mortgage or vehicle loan is expected during a lifetime, credit cards, student loans, medical bills, or other financial responsibilities can be draining. For many, the…

12.02.2020 / Safety

How Money Mart® is Responding to Coronavirus (COVID-19)

We are a financial services company that began with the belief of putting people first. And we will not stray from that mandate during these uncertain times. Here is an overview of what you can expect from Money Mart and how we can help as the world continues to respond to the COVID-19. We are…

12.02.2020 / Budgeting

An Introduction to the 30-Day Savings Rule

Saving money might not seem easy but having a detailed plan and a set timeframe in mind can help. If thinking in terms of years or even decades seems impossible or intimidating, there’s an easy trick you can use to start saving right away, in bite-sized, manageable chunks. This is called the 30-day…

12.01.2020 / Lifestyles

Couple Goals - Managing Money Without Conflict

Money can be a touchy subject, and many people choose to keep their financial habits and plan to themselves. While that works when you’re single, it’s different when you’re in a relationship. Monetary woes are often cited as the number one reason for conflict in relationships. You and your partner…

11.30.2020 / Borrowing

Tips for Applying for Debt Consolidation Loan

If you’ve been struggling to keep up with coordinating multiple different debt repayments every month, consolidating your debt could be a simplifying solution to help you keep better track of all your payments. For example, getting a personal loan can allow you to consolidate your debt or, in some…

11.24.2020 / Borrowing

Falling Behind on Your Mortgage? Read This

When economic times are tough, it's easy to start falling behind on crucial monthly payments, including your mortgage. Lagging on a mortgage may feel shameful now, but it's important to realize that it's a position many homeowners have found themselves in, and it's nothing to be ashamed of. When…

11.20.2020 / Safety

How To Use Your First Credit Card Responsibly

Getting your first credit card is a huge deal. It means you're able to build your credit history so you can qualify for things like apartments, home loans, and even new cars. Though it's tempting to use your card to buy whatever you want, you need to be careful and make sure you're using the card…

11.19.2020 / Safety

Do You Need a Will?

It's not always easy to start thinking about what will happen to your property and possessions after you pass, but if you want certain loved ones in your life to receive specific property of yours, having a will is indispensable. Whether you're nearing retirement age or have just started in the…

11.18.2020 / Lifestyles

3 Quick Ways to Save Money

While having a long-term savings plan is vital to your finances when you need to quickly boost your savings, adopting a few tailored strategies can help. Having an adequate savings cushion can mean the world when you run into an emergency expense, so putting in the effort to put some cash away is…

11.16.2020 / Borrowing

Documents You Need to Apply for a Personal Loan

Applying for a personal loan can be somewhat nerve-wracking. Taking some steps to prepare to apply and learning more about the application process can take the stress out of the process. When you know what to expect and you work with a reputable lender, you can feel confident about a favorable…

11.12.2020 / Borrowing

The Benefits of Refinancing Your Home

When you bought your home, you took out a mortgage loan to help cover the cost of the purchase. As long as you maintain that mortgage, you might think you're stuck with the rates and terms of your original loan, even if you improved your finances over the last few years. Though it might seem like…

11.11.2020 / Budgeting

Tips for Creating a Budget With Your Spouse

You love your spouse, and that means you'll do everything you can to keep your married life happy and healthy. Though many people immediately assume they're supposed to focus on the romantic aspect of their relationship, it's not the only aspect that needs your attention. In fact, your finances can…

11.10.2020 / Borrowing

Common Credit Card Mistakes

When used correctly, credit cards provide plenty of benefits to consumers. They offer a source of funds when you're low on cash, and they can help you make big purchases that you pay off month-by-month. Some credit cards will also include rewards, such as airplane miles or cashback bonuses.  On…

11.05.2020 / Budgeting

Top Debt Consolidation Options

Managing your daily finances can be a struggle, especially when you have a substantial amount of debt. Though some debt with a home mortgage or vehicle loan is expected during a lifetime, credit cards, student loans, medical bills, or other financial responsibilities can be draining. For many, the…

11.04.2020 / Borrowing

Managing Inquiries into Your Credit Score

Your credit score is an essential factor in determining whether you should receive a credit line. So, it makes sense that as you apply for a loan or line of credit that the lender should want to look at your credit score and report.  When a lender requests your credit report from a credit bureau,…

11.02.2020 / Budgeting

How College Students Can Better Manage Their Money

As a college student, you have the unique opportunity to develop good money habits that many adults never learn, ones that will set your financial path for a lifetime. By following five principles to govern your finances, you will not only avoid costly money mistakes that can plague you for years,…

10.29.2020 / Borrowing

How Soft and Hard Inquiries Affect Credit Scores Differently

A good credit score works in your favor when you're seeking out lending, whether for a mortgage, a new vehicle, or something else. When you know you have a significant purchase coming up, you should be even more careful than usual to make sure your credit report is in good shape. However, as you're…

10.26.2020 / Budgeting

Money Saving Tips for Your 20s

Each phase of life has its challenges and rewards. While you are in your 20s, you have the unique opportunity to put into place money management practices that will make your entire life more successful and enjoyable. Spend less, save more, and get out of debt. Start in small significant ways and…

10.22.2020 / Borrowing

Money Mart - Here for the Hardworking

Money Mart - Here for the Hardworking   Money Mart in Canada on YouTube

10.19.2020 / Lifestyles

Identifying 5 Financial Life Stages

You might be nixing takeout to save up for your daughter’s private school tuition while your friend just spent a few thousand dollars on a vacation with his girlfriend. What’s happening here? Has your friend forgotten how to save money, or are you being too stingy with yours? There is probably no…

10.15.2020 / Borrowing

How Do Personal Loans Affect My Credit?

It can be difficult to know whether to apply for a personal loan. You may need more funds, but you may also be concerned about how a personal loan may impact your short- and long-term financial goals. To help you better understand whether a personal loan will affect your credit score and if it can…

10.13.2020 / Budgeting

Boosting Your Retirement Fund

Two common regrets among retirees are not saving enough money for retirement or starting to save late in life. Ideally, you want to begin saving with your first paycheck and grow those investments throughout your career, so you have a nice nest egg when you retire. For one reason or another, not…

10.09.2020 / Budgeting

Manageable Steps to Pay Off Credit Cards

Credit cards can be invaluable tools for building a strong credit profile and achieving your long-term goals. However, when used irresponsibly, they can be just the opposite. Credit card debt is expensive, and the more you wrack up, the more difficult it becomes to pay down.  Credit cards often…

10.06.2020 / Budgeting

Differentiating Wants Vs. Needs in Budgeting

A primary benefit of budgeting is the ability to manage your cash flow and make your money do what you want. Once you have a solid budget in place, you get a better idea of where your money is going and whether it's working for you. However, budgeting is not a one-time exercise. You track your…

10.05.2020 / Borrowing

Boosting Your Credit in One Month

Your credit score is a key that can open many doors. The higher your credit score, the more competitive your interest rates can be for mortgages, auto loans, and credit cards. Although achieving a high score takes time and effort, there are several simple ways to boost your low score by a…

10.02.2020 / Borrowing

Applying for a Loan, What Lenders Review

If you've ever considered applying for a loan, you've likely found yourself wondering how exactly lenders decide on your creditworthiness. You may know that they check your credit score, but that only adds mystery if you're unsure what makes up this rating. To help demystify the process and make…

09.30.2020 / Borrowing

How Missed or Late Payments Affect Credit Score

Having good credit is very important in today's economy. Very few people can purchase houses or cars outright, so taking out a loan is often necessary, and your credit score has a big impact on your ability to secure a loan. One major way creditors factor your credit score is by your payment…

09.28.2020 / Borrowing

Should You Refinance Your Home?

Mortgage rates have reached record lows. With the economy now coasting into a recession, it is only natural that you might wonder if you should refinance your home. After all, the prospect of making potentially lower monthly payments is attractive. However, is this option right for you? That…

09.24.2020 / Lifestyles

The Benefits of Cheque Cashing Services

There are many ways to cash a cheque. The more traditional option requires having a bank account. You can then deposit the cheque in person at a bank or even electronically via an app. Another common option is to rely on cheque cashing. There are pros and cons to using this service and it’s…

09.23.2020 / Budgeting

Rebuilding Your Savings Post COVID-19

The COVID-19 pandemic has upended economies all over the world. If you were one of the millions of people who had to dip into their emergency funds to make ends meet, you're probably wondering what financial steps to take next. Should you rebuild savings, or should you focus on paying off debt? The…

09.21.2020 / Borrowing

Requesting Payment Extensions Amid COVID-19

The 2020 pandemic has made even people who have never missed a bill payment start to wonder how to make ends meet. As businesses shut down across the country — some potentially never reopening — many people find themselves without jobs or between jobs. The good news is that you can request payment…

09.16.2020 / Lifestyles

Enter The Ultimate $10,000 Sweepstakes

Enter today for a chance to win the grand prize of $10,000, plus other daily prizes.  Visit www.ultimate10kgiveaway.com or ask an employee for details. Contest runs September 16 – November 10, 2020 Terms and Conditions: PAYDAY LOAN TRANSACTIONS ARE NOT CONSIDERED ELIGIBLE TRANSACTIONS IN…

09.16.2020 / Borrowing

Rebuilding Your Credit After Debt Resolution

When debt obligations become too much for you to keep up with, settling the debt might provide the best solution. Unfortunately, it does have a downside; it can negatively impact your credit score. Even though the creditor agreed to the settlement, the fact remains that the amount offered did not…

09.14.2020 / Budgeting

Pandemic Panic - Debt-Relief Options

Everyone who felt burdened by debt has considered debt relief options at least once. It is only natural to wonder if the many ads promising you an instant solution to your problem could prove true. Unfortunately, the solution is not always instant, and, in some cases, it can make your financial…

09.11.2020 / Lifestyles

What are Cheque Cashing Services?

When it comes to cheque cashing, there are several services available to convert that valuable piece of paper into cold, hard cash. If you have a bank account, you might consider this option. Unfortunately, banks tend to charge excessive maintenance fees for their accounts and you rarely get…

09.10.2020 / Borrowing

How to Get an Online Loan with Poor Credit

When you have poor credit, the world of lending and borrowing might seem closed to you. If you prefer a cash budget and debit transactions, then this might not bother you at first. However, if you need to make a big purchase that surpasses your current budget, then you might worry about how to do…

09.08.2020 / Borrowing

Smart Tips for Navigating Online Loan Options

When it comes to financing a business, the smaller and newer it is, the greater the difficulties you can expect to face. Traditional companies often create several hoops for entrepreneurs to jump through, which can feel like too much for some. This opened up a niche for online lenders to fill by…

09.04.2020 / Borrowing

The Advantages of Online Loans

Before online loans became more popular and trusted, most people visited their banks in person to request a loan. Not only did traditional banks request a lot of documentation to get the process going, but they take a long time to process the loan. Depending on the type of loan, it could take weeks…

09.01.2020 / Budgeting

3 Tips for Budgeting During a Crisis

If your job has been put on pause due to the COVID-19 pandemic, or if you have suddenly found yourself unemployed, you might be reluctant to look at your budget. Don’t hide from your money: You have more control than you think! When you are faced with a crisis, there are ways to reorganize your…

08.27.2020 / Safety

Protecting Your Money Online

Online safety is paramount in today's technology-driven world. One of the most important things to keep safe while using the internet is your financial information. A hacked financial account is no easy thing to deal with, and in these cases, prevention is much better than trying to diffuse the…

08.24.2020 / Budgeting

Budgeting Tools to Manage Your Spending

Managing your spending is the foundation of personal finance. If you spend more than you earn or spend too much on things that are not priorities for you, then your financial situation will never be in line with your goals. For many people, the idea of creating a budget, and sticking to it, seems…

08.20.2020 / Budgeting

How Much Money Should You Save Each Month?

Saving for the future is something that everyone should do, but the reality is that sometimes it's hard to find room in the budget for savings. If you find that all your money is gone the day after payday, with nothing left to put aside for the future, you're not alone. When you're trying to build…

08.18.2020 / Budgeting

Getting the Most Out of Your Crisis Budget

Creating a crisis budget helps you weather the storm when something unexpected happens. Whether you're in the middle of an emergency now or are planning for the future, a crisis budget is your action plan for getting through to the other side.  Calculate Your Bare Minimum Expenses  The first step…

08.17.2020 / Lifestyles

Are Cheque-Cashing Services an Alternative to Traditional Banks?

Cheque cashing services are growing in popularity for several important reasons. Personal hardships can make the use of traditional banking services impossible for many individuals. Economic instability on a greater scale in the future is likely to drive this trend into the mainstream. When banks…

08.14.2020 / Budgeting

10 Commandments of Budgeting

The best budget is the one you'll stick to. Remember that, and don't get too bogged down, deciding which app, software, or unique stationery to use. Just dive in headfirst and make adjustments as you go. No matter what method you choose, there are a few foundational principles that will help you…

08.13.2020 / Safety

Tips for Avoiding Online Financial Scams

As more transactions move from physical to online spaces, the risk of identity theft and exposure to scams increases. The older people are, the more susceptible they often are to online financial scams. Even so, people of all ages are at risk. Here are some tips both older and younger people can…

08.04.2020 / Budgeting

Save vs. Splurge: When to Do Both

Conflicting Impulses  Having money complicates life.  When all the bills are paid, and the important things are taken care of, there is sometimes a little leftover.  What to do with that little surplus turns into an agonizing decision.    On the one hand, good old-fashioned wisdom says to save it…

07.31.2020 / Budgeting

Reduce Debt with These 10 Steps 

It is easy to justify debt in the moment, but there comes a point when it has become a shackle.  Carrying a lot of debt is never a good idea, especially in a crisis.  Here are some ways to get rid of that burden.     Stop Accumulating Debt  First, stop the bleeding.  From this moment forward, do…

07.30.2020 / Safety

Protect Your Money in 5 Simple Steps

Everyone works hard to make enough money to meet their needs, provide for the future, and have a little extra to enjoy.  But once the money is made and saved or invested, it can be frightening to wonder what might happen to it.  Scam artists are always on the prowl, the economy fluctuates, and…

07.28.2020 / Borrowing

Tips on Increasing Your Credit Limit

Greater Possibilities  Credit cards and other lines of credit are great, but over time they can start to show their limitations, specifically the credit limit.  Each credit card or personal line of credit permits only up to a certain amount of money.  However, these limits can be increased over…

07.27.2020 / Lifestyles

Zero Waste Equals Money Saved

What is Zero Waste Living?  Every year, millions of tons of trash pack landfills.  While alarming on an environmental level, it also makes for a financial disaster.  Zero waste living combines several familiar ideas and combines them into a single idea: Waste nothing.    Not only are there…

07.24.2020 / Lifestyles

Monetizing Your Lifestyle Blog

Making Money with a Blog  A lifestyle blog is a very broad term that includes anybody who posts about their lifestyle online.  Most people begin blogging for fun, but it has become easier and easier to make a little money on the side through monetization.  There are plenty of unique ways to do…

07.22.2020 / Budgeting

Tips for Buying a Used Car

New cars are flashy and exciting, but they lose value quickly – too quickly to justify the purchase in most cases.  Used cars are often in great shape, with sound construction and just a few extra miles.  When buying used, the process can be a little different, especially when buying from a private…

07.21.2020 / Lifestyles

6 Ways to Save Money on Your Rent

For most people, rent is their largest monthly expense. When dealing with a crisis, or just looking at the budget, that big number stares back without mercy. Sometimes the best solution to a problem is to shake things up and change the facts. But is it possible to change the rent? It just might be…

07.20.2020 / Budgeting

Is the 50/30/20 Rule for You

The Need for a Budget  Creating a personal budget is indispensable for managing money properly.  If the money is being spent without any planning or tracking, the financial situation is always a mystery.  This leads to stress and opens the potential for experiencing a financial catastrophe.  But…

07.15.2020 / Budgeting

How-To Guide: Determining if You Can Afford a Big Purchase

Making a big purchase can be an intimidating prospect.  Cars, houses, boats, college degrees, these things add up and most are essential, but not everyone is wealthy.  So, if a check needs to be written for a larger amount than you’re used to, this article will help to determine if now is the right…

07.14.2020 / Lifestyles

Buying a Home? Here's How to Purchase One with Resale Value

Buying with Selling in Mind  Buying a house is a very exciting experience, and a wise buyer might consider the resale value in the future. This is a very wise way to go about buying a house- things change, jobs change, opportunities arise, and sometimes houses need to be sold.  While it may take a…

07.13.2020 / Budgeting

Having a Baby? Here’s How to Financially Plan

Getting the Wallet Ready for the Baby  If there is ever a time when financial planning is exciting and imperative, it is when a baby is about to arrive.  Instead of making a plan to get rid of creditors, plan for a new life with a new bundle of joy.  Here are a few key items to take care of before…

07.10.2020 / Budgeting

6 Major Budgeting Mistakes to Avoid

Budgeting is an essential part of managing one’s money.  Without it, money is being spent with no plan for where it needs to go, and a crisis is inevitable.  Having a bad budget is better than having no budget at all, but there is no reason to choose between the two.  Here are a few common mistakes…

07.07.2020 / Budgeting

6 Easy Money-Saving Tips for Big Families

Big Family, Not-So-Big Budget  When a family grows, the budget might not grow along with it.  Some people might see this as a problem, but some folks are willing to sacrifice in the financial department and invest more heavily in the family department!  That said, it can still be difficult to make…

07.07.2020 / Borrowing

5 Good Signs You Can Afford More House

Moving on Up  Buying your first house is a huge milestone, but it’s often not the “forever home”.  Most people move into a home with a dream of moving into a better community, a bigger space, and with fewer needed repairs in the future.  But when is it time to start moving on up?  Here are a few…

07.07.2020 / Lifestyles

How You Can Start Saving Money at the Grocery Store

Shopping at the grocery store for meals to eat at home is one of the best ways to save money on a tight budget.  Going out to eat is not only more expensive per person, but it puts the wallet at the mercy of the flashy ads and marketing ploys.  But there are ways to save even more while spending…

07.07.2020 / Budgeting

Budgeting Emergency Fund vs. Savings

Savings or Emergency Fund?  Saving seems like a straightforward concept.  But that term encompasses so many specific ideas within it, and all of them seem important.    The emergency fund is always a common recommendation, but does it differ from a regular savings plan?  The short answer is yes,…

07.07.2020 / Lifestyles

Do Millennials Care More About Their Credit Score than Previous Generations?

Millennials and Their Credit Scores  Millennials (those born between 1982 and 1999) are now in their twenties and thirties and making significant life decisions and purchases.  At the age where cars, first houses and more are bought, Millennials are discovering the trials and tribulations of the…

07.07.2020 / Lifestyles

Being Wise about Your Digital Wallet Spending

A revolution has taken place in the world of spending, saving, and financial transactions of all kinds.  While the credit and debit card increased the speed and ease of access to funds, the digital revolution has accelerated it even more.  Now people are using digital wallets – stored financial…

06.15.2020 / Budgeting

Smart Money Moves to Manage a COVID-19 Recession

Many Canadians are concerned about how they will pay bills as the COVID-19 pandemic continues and recession takes hold. Good decisions are the key to weathering this financial storm. It is important to make smart money moves by examining your budget and seeing where you can make critical cuts in…

06.12.2020 / Lifestyles

Overcoming Financial Hardship During COVID-19

COVID-19 and the loss of work are creating financial hardship for many people. It becomes more challenging with each week of the pandemic to cover expenses. People are now faced with the issues of which obligations can be met and how to prioritize payments. Increasingly, there is not enough money…

06.10.2020 / Borrowing

Choosing a Loan Agency or Lender

How do you know who to trust with your finances? How do you know which loan is best for your needs? It would be simple to select the first lender that pops up in your online search, but taking out a loan is serious business. This is why it's in your best interest to do your homework before…

06.10.2020 / Budgeting

Establishing an Emergency Budget During the Coronavirus

Since reaching pandemic status, COVID-19 has proven to be a major threat to the health and safety of all Canadians. In addition to jeopardizing Canadians’ health, though, the virus has wreaked havoc on many individuals’ finances. The government’s economic response plan outlines details of support…

06.09.2020 / Borrowing

Navigating Federal Unemployment Relief Programs

COVID-19 first began making news at the end of February, but experts have determined that it began its spread as early as November 2019. Since that time, the virus has wreaked havoc on the world economy and cost countless people their jobs. If you are one of the people who lost their job as a…

06.09.2020 / Borrowing

Minimize Damage to Your Credit Score During COVID-19

Coronavirus has brought new worries to people around the world. In addition to the obvious concern about wellbeing and health, many people are worried about the financial impact that the virus will have on their lives. This is a reasonable fear to have as countless people have lost their jobs and…

06.09.2020 / Lifestyles

Glossary of Financial Terms

Financial terms and jargon can be awfully intimidating! Our Personal Finance Glossary should be helpful in putting this finance lingo into simple, everyday language. Account: An arrangement at a financial institution for depositing, withdrawing, borrowing or investing money. Account Statement:  …

06.04.2020 / Borrowing

Canada Emergency Response Benefit - How to Apply

As part of its Economic Response Plan, Canada has implemented the Canada Emergency Response Benefit (CERB). Persons who have lost their income may qualify for financial assistance. Canada has provided detailed information on how to apply and eligibility requirements on the government website. The…

05.26.2020 / Safety

How Small Businesses Can Recover From the Pandemic

How Small Businesses Can Recover From the Pandemic  The impact of the COVID-19 pandemic could linger for months, if not years. Small businesses are doing the best they can to navigate these unknown waters, but the situation may not alleviate itself any time soon. Although different industries have…

05.22.2020 / Safety

Mobile Cheque Cashing Benefits During a Pandemic

The coronavirus pandemic is fundamentally altering the way Canadians conduct their day-to-day business. Stay-at-home orders and social distancing measures limit an individual’s movement in the community, while many businesses have been forced to shutter their doors or adjust operational procedures…

05.22.2020 / Lifestyles

Here’s What to do if You Can’t Pay Rent Due to COVID-19

As COVID-19 continues its march across Canada, citizens are experiencing devastating economic impacts. In March, there were over a million job cuts, and April’s numbers were doubled from the previous month. If people who have experienced a reduction in work hours are figured into the employment…

05.22.2020 / Budgeting

4 Necessary Tips for Budgeting the Perfect Wedding

Party Responsibly The average wedding today costs around $35,000.  To put that into perspective, that’s about the cost of a new car.  But even if a couple is fortunate enough to afford it, all weddings tend  to cost more than anticipated or planned.  It is possible to keep a wedding at or under…

04.13.2020 / Safety

5 Pieces of Important Information to Never Put in Emails

Email Is Not Secure  When it comes to the material world, most people are very careful with sensitive information.  Documents are shredded, PINs are hidden, and most people do not provide personal information to people they don’t know personally.  But when it comes to the digital world of…