New Years Resolutions

By admin Filed under: Money Mentors

Have you made your new years resolution yet?  Set your goals for the year?  How about going on a budget diet?  Or a lifestyle change on how you manage your money?  At Money Mentors we can help you achieve your financial goals and dreams through personal money coaching or …

Wise use of Credit Cards during the Holiday Season

By admin Filed under: Money Mentors

With Christmas around the corner, the economy slow, bankruptcies sky rocketing the question remains how should people be planning for this holiday season and using credit wisely….so they are not having the credit card blues in January?Credit Cards are not a bad thing it is how …

For richer or poorer…

By admin Filed under: Money Mentors

Ahh, a pretty bride and flowers, handsome groom and celebrations…..It’s that time of the year when weddings are abundant!  Happy times…   But what about after the picture perfect day, how is this couple managing financially?  …

Vacation Fun Jar

By admin Filed under: Money Mentors

A “vacation fun jar” can help to keep your summer costs down, and make the summer a memorable one. It was one of the great suggestions from a mother in our recent “Kids and Cash” seminar. Instead of an expensive vacation, she and her children create a list of fun activities in and around home. Then …

Should children’s allowances be based on chores?

By admin Filed under: Money Mentors

That was just one of the questions that started interesting discussions at a Kids & Cash seminar last week. Some in the group felt that it was important for children learn that everyone works to earn a living, and children should too. Others felt that tracking the chores to figure out the allowance would be too much of …

How do you accumulate Tax Free Savings Account contribution room?

By admin Filed under: Money Mentors

Do you need to file a tax return to accumulate TFSA contribution room? Do you need to open a TFSA to accumulate the room? In a recent internal memo, Canada Revenue Agency has informed its agents that there have been many questions on the topic of TFSA contribution room and a need to provide accurate information to consumers.  The answer …

Home renovation in your near future?

By admin Filed under: Money Mentors

Home renovation in your near future? The Home Renovation Tax Credit (HRTC) is a non-refundable tax credit for the renovation of an individual’s personal residence between January 27, 2009 and February 1, 2010. If you spend between $1000 and $10,000 on eligible renovations, your tax credit would be 15% of the expenses, after the $1000 minimum threshold, up to a …

Did You Know…?

By vly Filed under: In The News...

…Money Mentors (formerly known as Credit Counselling Services of Alberta) does not only offer personal money coaching and seminars but is Alberta’s exclusive provider of the Orderly Payment of Debts Program (OPD).  The OPD program is an option to bankruptcy that allows you to pay off your debts 100% at a reduced interest rate of 5%.  You have to be …

Small Business Expense File

By admin Filed under: Money Mentors

It’s tax time! If you have a small at-home business, and you are scrambling to gather the information you need for your taxes, make sure that next year will be easier by setting up a simple filing system.x men origins movie
Our suggested system for a Small Business Expense File will require:

Seven durable accordion file folders (one for …

Registered Disability Savings Plans deadline

By admin Filed under: Money Mentors

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