Category: Money Management

Study: The impact of Group RESPs on families

  Momentum is working to improve investor protection for families living on a low-income – specifically around Group Plan RESPs. These products are unsuitable for families living a low-income due to the risk of unaffordability, plan cancellation, and losing one’s investment and government grants. We have seen far too many families lose their money through a Group RESP. We are asking the Alberta Securities Commission… Read more

The intensity of a mother’s love

  Rosemary is a mother. She says she’s not a fighter. But when it comes to the well-being and future of her adopted son, Rosemary willingly fights fiercely and unrelentingly. Rosemary’s son is 10 years old and has multiple disabilities. She describes first meeting him in the hospital at 5 months old, premature, categorized as “Failure to Thrive.” “That little soul, when we went to… Read more

Birthing bigger dreams

Amber and Anna at SC Grad

Giving birth isn’t easy. Whether it’s giving birth to a child or a dream, unexpected struggles can hit anytime. Amber found this to be especially true when she developed diabetes type 1 shortly after she had her first child. “When you’re pregnant, you don’t envision having to now also pay for insulin, medical supplies, and additional health services for yourself,” she explains.

How much do you really need for baby’s first year?

So, you are expecting! And in that anticipation, one can’t help but wonder how much is this really going to cost me? There are a lot of numbers out there, that tell you that you need a certain amount of money. The truth is that you need a whole lot less than you think. Let’s talk about the hit to your income. If you qualify… Read more

How Tara found her way to save

Tara was a “willy nilly” spender. “I felt bad every time I went to the salon and got my hair done. It felt and looked better, but I always wondered if there would be enough money left for the necessities.” When Tara learned about budgeting, it was helpful to learn that she didn’t need to feel guilty about getting her hair done if she made… Read more