The Federal Government has announced that they are moving up the timeline to repay clawbacks for low-income seniors. These benefits will be distributed to low-income seniors who saw their income top-ups reduced because they received emergency pandemic aid. Payments may flow sooner for those in dire need. The federal government
As we learned in our Financial Friday feature last week, our ideas and habits with money develop early in our lives. What did you learn from watching and listening to those around you? What was the best advice you ever received?… And what was the worst? I’ll go first. Worst:
Our ideas and habits with money develop early in our lives. This article piqued my interest and I found that I live with a lot of these fears. I asked my siblings and they do too! Are they helpful to how we use our money or harmful? Most likely, they
Each Friday we at the United Way share up-to-date and, we hope, relevant information to help with finances. In 2021, the 5 Financial Friday posts that were most viewed all related to COVID-related Government benefits: #1 – Parents can expect another payment of CCB Young Child Supplement: 1,835 views #2
Our finances are closely linked to our health, including our mental health. When we are confident about our financial situation and have enough to cover our basic needs with extra at the end of the month, we may be able to feel secure and plan for the future. The opposite
BEWARE! There is a new way to pay for small purchases… and you should avoid it. More retailers are offering the choice of paying by installments, even for small purchases like cosmetics and clothes. Christmas is a big opportunity for stores to promote the buy now, pay later system. These
#FinancialFridays: Preparing for Christmas The snow we experienced this past week is a reminder that the holiday season will soon be upon us. I find shopping for Christmas overwhelming. I want to get the kids something they will like but also stay within budget and shop early so I don’t
Teaching your kids about Budgeting using Halloween Candy Do you remember the thrill and excitement of dumping out your candy on your floor after a night of running around the neighbourhood? I loved sorting the candy and deciding which candies to eat immediately and which to save for later. Would
The Canada Recovery Benefit (CRB) will expire on October 23rd and will be replaced by a new targeted benefit known as the Canada Worker Lockdown Benefit that will run until May 7, 2022 (retroactive to October 24, 2021).The “Lockdown Benefit” will be for those whose work is directly impacted by
For many people, their mental health can be deeply impacted by financial concerns. A recent article by the Financial Post explores the connection of mental health challenges to income, housing and employment insecurity which for many has been made worse by the effects of the pandemic. A survey by Credit
