Do you ever feel like you and your partner are just on different tracks when it comes to money? Read below in our new ‘Ask Your Money Coach’ column and find out how to manage different money styles.
Ask Your Money Coach!
“My husband and I have very different ways of handling money. He loves to spend and I’m worried that we won’t have enough saved for the future. What should I do?”
1. Know What you Want
2. Know your Financial Reality
UNSTUCK – How to Get out of Your Money Rut and Start Living the Life you Want
by Karin Mizgala and Sheila Walkington
Excerpt from: Chapter 4 – Money and Relationships
“I don’t care too much for money / For money can’t buy me love.”
~BEATLES
For many couples nothing dampens love and ardour more than the subject of finances. In fact, study after study shows that money problems are the single biggest cause of relationship stress and divorce—with sex and raising kids rounding out the big three. While talking about money can be more difficult and emotionally charged than talking about sex, religion or politics, open dialogue can save a lot of tension and resentments in your relationship. Continue reading
Save the Last Monday of the Month for Money
Join your local Money Coach on the last Monday of each month for an informal, lively discussion about money – how it works, how to manage it and how to gain control of it.
Bring a friend, come with questions and build your knowledge and confidence in personal money management.
February’s Topic: “Top 5 Money Tips” from our newly released book:
UNSTUCK: How to Get Out of your Money Rut and Start Living the Life You Want
When: February 25th, 2013
Time: 7:00 pm – 8:00pm local time
Cost: FREE
(Information….PRICELESS!)
Locations: Continue reading
UNSTUCK – How to Get out of Your Money Rut and Start Living the Life you Want
by Karin Mizgala and Sheila Walkington
(Excerpt from: Chapter 11 – Don’t Give up on Retirement Yet)
Here are the five biggest retirement mistakes that people make. You’ll want to do your best to avoid them:
1. Avoiding the Conversation—That conversation could be with yourself. It could be with a spouse or it could be with an advisor. Having a conversation about retirement helps to bring some clarity to what your goals are. If the conversation is with your spouse or partner, it will give you a sense of whether or not your spouse is on the same page or if they have different ideas about retirement. It doesn’t mean you have to have exactly the same vision, but it’s very, very useful to have an idea of what direction each of you wants to go.
2. Not being clear about what you want—It’s very hard in our day-to-day frenzy of activities to take that step back and say, “Hey, what do I want now and what do I want in the future?” Clarity provides direction and motivation to make good decisions along the way. Continue reading
UNSTUCK – How to Get out of Your Money Rut and Start Living the Life you Want
by Karin Mizgala and Sheila Walkington
(Excerpt from: Chapter 6 – Getting What you Really Want)
Anna and Joel dreamt of owning their own home. They were paying a fortune to live in a small basement apartment. They had debt, and they were in the habit of getting out of town on the weekends to enjoy a better quality of life. Because she couldn’t believe they would ever buy a home, Anna would buy $100 Home Lottery tickets in the hopes of getting lucky.
They wanted a house, but they didn’t let themselves want it enough to make it a priority. Instead they squandered money and perpetuated a spending pattern that made home ownership seem impossible. Continue reading
A REAL NEW YEAR’S GIFT
At this time of year, no matter how much we try not to….it’s hard not to get caught up in holiday madness.
December is a time where merchants and retailers are vying for your nickel. January is a time where you get that sinking feeling about where all your nickels went!
And that’s the kind of feeling that Karin Mizgala and Sheila Walkington want to help you address. They want to help you get a grip on managing those precious funds to help you start the New Year off in the black, not the red.
The founders of Money Coaches Canada and the Women’s Financial Learning Centre are proud to offer UNSTUCK – How to Get out of Your Money Rut and Start Living the Life you Want, a book written by Canadians, for Canadians that will show you how to live a sane financial life.
There is no better time than now to order a copy of this new book. It will arrive just in time for the New Year and help you begin the year with a fresh outlook on your financial life and stick to some of those resolutions!
Start the New Year off right with this proven step-by-step money management guide that will show you how to stop living paycheque to paycheque and give you the tools and insight to the emotional and psychological challenges of today’s money culture.
2013 can be the year that you, your family, friends, business colleagues, employees, students, entrepreneurs, and everyone you know can stop the financial insanity and make the year the most profitable one yet – both in your life and in your bank account!
Put your hard earned money to good use by ordering a copy of UNSTUCK – How to Get out of Your Money Rut and Start Living the Life you Want today!
Stop the insanity and check out UNSTUCK today on Amazon.com http://amzn.to/XLNhlf
What makes this book different? Here’s what:
“Kudos to Money Coaches Canada! This book reveals your practical yet caring expertise. You showed me that financial calm is possible for me and for so many other Canadians who have fallen between the financial planning cracks. Unstuck will change lives. It will change the lives of our kids.” Patti-Jo Wiese, Vancouver, B.C.
Absolutely!
Now don’t get me wrong, eliminating debt should always be your #1 financial priority. However, the first step to getting on track is to BREAK THE DEBT CYCLE. Yup that’s it – the secret to getting rid of debt is to stop adding to it! Live within your means. This doesn’t mean you can’t go outside your house until all your debts are paid off. Just like crash diets, paying down all debt and no play won’t work either. Instead, make a plan – for both spending and saving. Make your plan sustainable by including a positive and rewarding goal to give it energy, to keep you focused and moving forward.
When you get a bonus or tax return do you follow the natural tendency to put it all on the line of credit? Which in one way is great – I am all for paying off debt; but you may have not been moving forward as much as you thought. Did you set yourself up for more debt because you hadn’t planned ahead for your property tax bill or hockey fees? If so, the line of credit gets dipped into again – how depressing! Continue reading
Featuring: Leslie Gardner and Sabine Lay, both Money Coaches and Educators with Money Coaches Canada.
Join Sabine Lay and Leslie Gardner, both Money Coaches and Educators with Money Coaches Canada as they discuss ways to stay in control with holiday spending.
Listen to our Let’s Talk Money Podcast by clicking the link below:
Both Leslie and Sabine can be reached at www.moneycoachescanada.ca
By Melanie Buffel, BA, MBA Candidate
Money Coach and Educator
Do you feel like your financial situation is keeping you stuck in a rut, running in circles or paralyzed about a decision? The situation might feel immovable, entrenched, even hopeless. The good news is, it’s not. Continue reading
