Month: April 2016

Teaching Your Kids About Money: Start Early, Start Now (part 3 of 4)

**continued from last week’s blog** Putting Money in the Bank Open up a bank account for your child and take them to the bank regularly. This helps kids to understand where money comes from and where it can be stored safely. It is important to have a relationship with your bank or credit union early, to understand that bankers are people just like you and… Read more

Succession Planning: A Case Study

Succession and transition planning are a critical part of the future success for any organization and can be somewhat more complex for not-for-profits. When Walter Hossli, Momentum’s founding executive director (ED), decided to transition out of his role, many of these complexities were experienced. Instead of rushing the process or backtracking and foregoing it altogether, the board and committee members, and the leadership team at… Read more

Capture Your Business Plan on a Page!

Got a great business idea? Overwhelmed with where to start? We’ve got you covered! I get it, the thought of writing a full business plan can seem daunting. Sometimes, the easiest place to start is by getting your thoughts down on paper. The business model canvas is a handy tool that helps you to describe, design, and map out the essential building blocks of your… Read more

Teaching Your Kids About Money: Start Early, Start Now (part 2 of 4)

**continued from last week’s post** Shopping for Groceries without the Tantrums When you go to the grocery store with your kids, give them a few dollars of their own to spend and let them choose anything as long as they stay within that amount. And stick to it!  If you give them $5 and an item they see is $5.50, don’t give them more than… Read more

Teaching Your Kids About Money: Start Early, Start Now (part 1 of 4)

My dad started teaching me about money when I was only 5 years old. His wisdom of starting so young really paid off, it avoided many arguments and temper tantrums, and helped me understand money at a young age. Over the next four weeks, I will share some lessons I grew up with: Give your kids an allowance and teach them the basics of budgeting… Read more

One more reason to open an RESP or RDSP

The Government of Alberta has taken an important step to ensure that individuals applying for affordable housing are no longer penalized for contributing to registered savings plans. Minister of Seniors and Housing Lori Sigurdson has announced the exemption of Registered Disability Savings Plans (RDSPs) and Registered Education Savings Plans (RESPs) from the $7,000 asset limit that determines eligibility for affordable housing programs. This change is… Read more