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Category: Insights & Perspectives
Back-to-School Budgeting Tips for Families
Whether you’re sending a little one off to kindergarten for the first time, getting your teenager ready for another year of high school, or preparing for the first year of post-secondary education, back-to-school season can be an exciting time for the whole family. Along with new teachers, new classes, and new routines, however, comes a [...]
A Mid-Year Money Check: Small Changes That Can Make a Big Difference
How are your financial goals shaping up this year? Whether you started January with a detailed budget or simply hoped to spend a little less and save a little more, the middle of the year is the perfect time to pause and take stock. A mid-year financial check, gives you the opportunity to celebrate your [...]
3 Smart Ways to Budget for Weddings, Travel, and Other Big Lifestyle Expenses
Life is full of exciting milestones and memorable experiences. Whether you're planning a wedding, booking a dream vacation, or investing in a major lifestyle upgrade, these moments are often worth celebrating. Unfortunately, they can also come with a hefty price tag. It's easy to get caught up in the excitement and lose sight of your [...]
Your Complete Guide to Buying Your First Home During Home Buying Season
Buying a home for the first time is one of the most significant financial steps you’ll ever take. Between finding the right property, navigating the paperwork, and figuring out how to finance it all, it can feel like a lot to manage at once. Breaking it down into clear stages and understanding the mortgage landscape [...]
Spring Financial Cleaning: A Fresh Start for Your Money
Spring is here! How beautiful is the feeling of when you finally crack open your windows after months of being cooped up indoors? I’m sure the feeling is rejuvenating as the new sense of fresh air sweeps through your house, carrying away the stuffiness of winter. That’s probably a feeling you want to feel about tackling your finances this Spring. There's something almost [...]
Understanding Common Financial Terminology
It’s hard to communicate if you don’t understand the language being spoken. Sometimes, you don’t have to be in a foreign country to feel unsure of what others are saying. For certain people, the jargon and terms used in the financial world can feel as dense and impenetrable as a language they’ve never spoken before. [...]
Financial Tips for International Students in Canada
Financial Tips for International Students Every year, students from all over the world choose to come to Canada to attend post-secondary institutions. It’s a chance to expand the educational experience beyond the classroom by learning valuable and interesting lessons about our country, cultures, and people. To help make the student experience as rewarding and enjoyable [...]
Tips for Accessing Funds in an Emergency
It’s never a good feeling to need more money when your finances are already stretched thin. But as food prices climb, interest rates remain high, and housing costs feel increasingly out of reach, it’s becoming more and more difficult to make ends meet, especially when hit with an unexpected expense. So, what options are there [...]
The Advantages and Disadvantages of Online Banking
Years ago, banking could only be done in person by visiting a brick-and-mortar branch. Most of the time, the opening and closing times of these branches weren’t designed for customer convenience, as anyone familiar with the term ‘banker’s hours’ can attest. Times have changed, technology has evolved, and, thanks to the internet, modern banking now [...]
What Records Do You Need on Hand When Filing Taxes?
Tax season can be a stressful time for some, and part of the reason is all the paperwork you need to gather before filing your return to the Canada Revenue Agency, or CRA. Digitized documents have made managing the process a great deal simpler, but there are still plenty of records to keep track of [...]
Moya Celebrates International Credit Union Day
October 19th is International Credit Union Day, which has been celebrated on the third Thursday of October since 1948. In 2023, we commemorate the remarkable 75th anniversary of this celebration, presenting us with a chance to recognize the dedicated work of credit union staff and to join in the festivities with members from around the [...]
How to Pass Wealth Down to Your Children
If you’re fortunate enough to have wealth and want to share it with your children, you don't have to wait until you’re gone to start giving it away. Wills, estates, and inheritances tend to be the most common methods of transferring wealth between generations, but there are many other ways to pass along money to [...]
How to Deal with Family Disagreements Surrounding Finances
An unfortunate fact of life is that we don’t always see eye to eye with one another, including loved ones, partners and spouses, or other family members. In certain cases, they may be the people we argue with the most. Another unfortunate fact? Few things are more contentious and divisive than financial disagreements. No matter [...]
Should You Combine Finances with Your Partner?
As if relationships weren’t already challenging enough, mixing in the subject of money only seems to make everything more complicated. Still, like it or not, couples typically need to talk about financial matters, whether it’s working out how to make ends meet on a monthly basis, agreeing on retirement savings strategies, dealing with debts and [...]
How to Manage Finances After the Loss of a Spouse
We often talk about planning a life with our spouse or partner, plotting a path together towards those meaningful milestones that matter most. There’s one important life conversation, however, that doesn’t always get the attention it deserves. And while the subject might be seen as rather grim, there’s no escaping its reality: every couple should [...]
What To Do If You and Your Partner Have Different Financial Philosophies
Compatibility is an important ingredient in most successful life relationships. In order to make things work together, you and your partner need to be able to see eye to eye on some pretty serious stuff, including how to handle money. Discussing savings plans and investment options isn't exactly the most romantic material, so it can [...]
How to Switch to Another Bank or Credit Union
There are a few common reasons people tend to give about why they choose to change their financial institution. Often, it’s about customer service, a dissatisfaction that drives people away. In other cases, the decision stems from high fees, or the promise of better interest rates elsewhere. Convenience can also be a factor, with proximity [...]
Financial Planning Tips for New Immigrants
Moving to a new country tends to be a challenging, tumultuous time that involves a lot of learning. Routines are disrupted and remade, new connections are forged, and a whole lot of discovery happens as your new home slowly starts to feel familiar. Amid all the other upheaval that comes with adapting to new surroundings, [...]
How Will Rising Interest Rates Affect You?
Interest rates are going up, and fast, as the Bank of Canada and other central banks try to slow rising inflation. In mid-April, Canada’s inflation rate was 6.7 per cent, a 30-year high. The Bank of Canada’s target rate for inflation is two per cent. On April 13, the Bank of Canada raised its benchmark [...]
Driving Financial Engagement with Gen Z
Knowing the value of being financially responsible, stable, and secure is essential for people of all ages, but for those who didn’t learn the basics of financial literacy as children, they might feel like they’re playing catch up. Couple that with the often dry nature of financial education, and teens and young adults (or “Gen [...]
How Credit Unions Can Aid a Member’s Economic Recovery
When you belong to a credit union, you’re always more than just another customer. Like most credit unions, Moya Financial puts the financial well-being of our members ahead of corporate profits. We’re not in business to make money for shareholders. Rather, we’re a financial co-operative, one whose members have a voice on the issues that [...]
The Do’s and Don’ts of Talking to Your Kids About Money
Having conversations with your children about money is important. Learn how to gear these talks to their age and understanding level.
