Month: October 2015

New Alberta Budget Aims to Assist Families on Low Incomes

The recent provincial budget announcement included a number of new programs aimed at assisting Albertans in need. The Alberta Child Benefit will provide up to an extra $1,100 each year for families with one child, offering an effective, efficient way to raise incomes of families on low incomes. Watch Families in need encouraged by Alberta budget on Global News to learn more.    

On Time Transport and Oil Field Services – An Entrepreneur's Story

2014 marked the 20th anniversary of the Business Development Department of Momentum. To celebrate, we collected 20 stories about past participants who have thriving businesses.  Written by Marnie Schaetti of RaiDo Dynamics, these stories reflect the diversity, innovation and hard work of the inspiring participants who come through our doors every year to take one of our many programs. This is one of those stories…. Read more

Social Entrepreneurs Wanted!

Are you a business owner looking to make more than just a financial impact? Alberta BoostR is currently looking for business ideas that meet the following criteria: Social enterprise at the ideation, early stage or growth phase Looking to either get $, marketing, feedback, exposure or all of the above – must have a clear reason for the campaign though (can’t be to off-set debt or… Read more

Understanding our impact: An Evaluation of the Youth Fair Gains Program

When you work in a program for a few years you start to wonder, is this really making a difference? Is the work I do with my participants changing their attitudes and possibly their behaviours towards money and savings? Or is it just temporary? I had been asking myself these questions for a while and finally my curiosity got the better of me. To answer… Read more

Handi Enterprises, Inc. – An Entrepreneur's Story

2014 marked the 20th anniversary of the Business Development Department of Momentum. To celebrate, we collected 20 stories about past participants who have thriving businesses.  Written by Marnie Schaetti of RaiDo Dynamics, these stories reflect the diversity, innovation and hard work of the inspiring participants who come through our doors every year to take one of our many programs. This is one of those stories…. Read more

All I Know About Money I Learned From Monopoly

Have you ever enjoyed a game of the classic board game Monopoly? This well-loved game turns 80 this year, and there are money management lessons to be had when playing. Chris Taylor, in the Globe and Mail, shared 4 financial lessons we can all learn from Monopoly: 1) It is all about location, location, location. There is some strategy in which properties you acquire in… Read more

Payday Lending Review in Alberta: What it Means

Yesterday the Alberta Government officially announced its intention to review the provincial regulations for payday lenders. “Momentum is very pleased that the government is pursuing changes to the payday loan regulation. Current regulations clearly do not work well for most Alberta consumers. These high interest loans can result in many Albertans getting stuck in a cycle of debt that takes many months to exit. We… Read more

Payday lending "is not responsible lending, and Albertans deserve better."

In today’s Calgary Herald, Graham Wetter, president and CEO of Credit Union Central of Alberta, discusses the importance of the Alberta government’s review of the current payday lending regulations in our province. He discusses the inequalities associated with payday lending, the concerning cycle for many Albertans of unsustainable debt caused by payday loans, and the holistic approach that our society should take in finding a… Read more

Is Organic Produce a Waste of Money?

Organic fruits and vegetables can cost anywhere from $0.13 to $4.00 more per pound than conventional produce. We know that organic produce is no more nutritious than regular produce, so does it make sense to pay extra for it? Regardless of nutrition, conventional produce is grown with synthetic pesticides and fertilizers. With millions of tons of chemical fertilizer used on our produce each year there… Read more