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10 Important Things to Teach Teens About Money & Finances
Here are the ten fundamental concepts teenagers should be able to grasp about money and finances, and how to teach them.
Category: Insights & Perspectives
Common Estate Planning Mistakes
Estate planning is the preparation that ensures assets are suitably managed or properly distributed if an individual dies or becomes incapacitated. Estate planning can involve writing a will, setting up trusts, arranging charitable donations, or efforts to reduce tax implications. Needless to say, proper estate planning is vitally important to ensure that an individual’s wishes [...]
What is the Role of a Director on a Credit Union Board?
What does it mean to be a director on a board of directors? And what is the board of directors at your credit union responsible for? Unless you’ve had the opportunity to serve on a board of directors somewhere, either in a professional or volunteer setting, most of us probably don’t know much about what [...]
Canada Emergency Business Account (CEBA) Updates and Information
Did you know your business or not-for-profit could be eligible for an additional $20,000 from the Canada Emergency Business Account, even if you already received a government-guaranteed loan through the program? With 2020 coming to a close, we wanted to make sure our clients were aware of recent changes to the Canada Emergency Business Account [...]
How Local Businesses Can Support Each Other During COVID-19
Local economies have been hit hard by COVID-19 and many small businesses are struggling to stay afloat, since most non-essential services were required to temporarily close. As the province continues to reopen, now more than ever Canadian business owners are seeing the importance of community support, not only from residents but from other small businesses. [...]
How to Deal with Financial Setbacks
Even with the best planning, nearly everyone faces at least one financial setback at some point in their lives. Although sometimes it can be the result of poor money management, there are instances when it is out of your control. Sudden job loss, divorce, illness, family emergencies, natural disasters, or even a global pandemic like [...]
How to Talk to Your Kids About Money
In this age of social distancing, many of us have found ourselves stepping into the role of teacher and having to home-school our kids. Now is the perfect time to make money management part of your lesson plan! According to Stats Canada, 1 in 6 Canadians say their monthly spending exceeds their income, and 1 in [...]
The Benefits of Going Paperless with e-Statements
Small choices can sometimes have a big impact, so consider doing something simple to help protect the planet by going paperless with your bills and statements. Saving paper and reducing pollution are certainly noble, but the environment isn’t the only good reason to choose e-statements instead of printed copies. Here’s a closer look at some [...]
How Credit Unions Help Small Businesses
Banking can sometimes bring challenges for small business owners, who struggle to get the financing they need from big institutions. In fact, the smaller the business, the higher the likelihood of frustration when dealing with a big bank. Instead, small business owners may find they’re better off choosing a credit union as their financial partner. [...]
What are the differences between credit unions and banks?
When it comes to the products and services they offer, Canadian credit unions are more similar to traditional banks than you might expect. Still, that’s not to say they’re entirely the same. Sure, you can go to either to open a chequing account, borrow money for a loan or mortgage, or even get a credit [...]
How Modern Banking Makes Life Easier
Though technology has a big impact on our everyday lives, it might seem that banking has changed little over the years. But technology – and listening to our members’ needs – has contributed to many improvements at Moya Financial. Today’s banking experience is completely different than banking 10 years ago. Let’s look at just three [...]
Why Does the Credit Union Need Your Up-to-Date Information?
Moya Financial needs both your up-to-date contact information and preferences, and information about your current financial situation for a number of reasons. First, it’s very important for the credit union to be able to alert you quickly in cases of possible fraud or other unauthorized activity in your accounts, or if your debit or credit card is [...]