Canadian households have a debt problem. Last year Canadians filled the most insolvencies since 2009 at 140,585 filings and this number is up 9.3% from 2018. Getting a handle of debt can be overwhelming, but here are 3 tips to get you started on tackling your debt. Step 1. Know your debt details This includes all the facts that you know about who you owe… Read more
Money Management
The Canada Food Price Report predicts that the average family will pay an extra $487 more on groceries in 2020 than they did last year. The report outlines a 4-6% increase in the cost of meat, a 2-4% increase for seafood, vegetables and restaurant meals, a 1.5-3.5% rise in the cost of fruit and a 1-3% increase to dairy products. This may seem like a… Read more
Money Management
Now that we have finished the holiday season it is a good time to think about our personal savings. The spirit of generosity and gift giving in the holiday season is wonderful though it can often create stress by draining our bank accounts. The start of the new year is a good time to develop a budget and confirm your savings plan – plus… Read more
Money Management, People of MomentumA new year brings new opportunities to set goals and create resolutions. While some commit to hitting the gym more often, breaking a bad habit, or creating more work-life balance, getting in better financial shape can be one of the best goals to bring you peace of mind in the year ahead. Getting your finances “in shape” is important, and there’s no better time to… Read more
Money Management
When you are unemployed, saving money can seem impossible. Fortunately, there are still ways that you can (and should!) save every month. Each week in our free Money Management workshops we see people who are unemployed, students, or on some form of government support (e.g. AISH, EI, etc.). With a bit of learning and encouragement, they always seem to find new tools and tricks… Read more
Money Management
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
Community Matters, Get Involved, Money Management
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
Money Management, People of Momentum
Find out more about RDSP Awareness Month
Get Involved, Money Management
Autumn can be one of the most exciting and beautiful months in Alberta. The trees burst out their best colours for all to see while children prepare for the new school year and wonder about the new friends they will meet, the new lessons they will learn, the new experiences they will have. At Momentum we believe that it is not just the kids… Read more
Business Development, Employment Skills, Money Management
“We didn’t come here to get government assistance. We came here to be successful in life. We came with a dream and we had the courage to come out of that situation to achieve it.”
Money Management, People of Momentum
