Happy One Year to Money On Trees

Oct 16 2014 - Announcements, Saving


It’s hard to believe one year has already flown by. We’re excited to be a great resource for our community – no matter what age or stage in life. I must say, it’s definitely a great time to celebrate all that we’ve been able to accomplish over the past 365 days. Along with the variety of blogs we post every week, we’ve also had the privilege to present financial literacy seminars to many young adults from various schools, conferences and events in our communities.

We have been fortunate enough to bring Money on Trees seminars to different events within our communities this past year, and we look forward to seeing you at more events.

While we celebrate our one year anniversary with Money on Trees, we also mark another significant milestone. FirstOntario Credit Union is celebrating 75 years in our communities. If you’re not familiar with credit unions check out one of our blog posts from this past year on why credit unions feel different. 75 years of financial literacy is something definitely worth celebrating and a milestone to be admired.

It’s amazing how we can look at the past 75 years, and still see ways to improve our financial well-being every single day. For example – November is Financial Literacy Month (FLM) in Canada. It’s an exciting 30 days full of events and activities that help Canadians improve their financial literacy, and for showcasing the many resources available to help people reach their financial goals. The theme of FLM 2014? Strengthening Financial Literacy through collaboration. It underlines the importance of coordinating efforts of organizations that offer programs, resources, information and services to help Canadians understand and manage their personal finances. This is exactly what we’re trying to do with Money on Trees.

We are excited to be entering into year two of Money on Trees. We’re committed to providing you with yet another year of great reads on financial literacy. Year after year, we’re making small steps to empower you and provide you the tools to make informed financial decisions! Thank you for celebrating with us and we congratulate you on your journey as you take the steps to financial fitness!

Forking it over: Canada’s Highest Tuitions

Oct 2 2014 - School


Let’s be honest – Getting a post secondary degree can be a pretty costly decision. If you’re like me, balancing a serving tray on weekends at a local café pinching the tips I’d earned was my way of “paying for school”. In my spare time, I’d be applying for numerous scholarships and bursaries in hopes that one might slash some dollars off my tuition. Eventually, I paid it off. It wasn’t easy, and it’s not getting any easier it seems.

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Identity Theft: Are You Leaving a Paper Trail?

Sep 25 2014 - School, Your rights


The start of the school year means many things – tuition payments, reuniting with friends, textbook shopping and a lot of paperwork. From registering for your student card to wrangling your OSAP applications, before you know it your backpack is full of paper.

So, how can a piece of paper be more valuable than your expensive new laptop, smartphone or engineering textbook? Because in the wrong hands, the right piece of paper can lead to identity theft, potentially costing you more in the future.

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Ten More Ways to Save During School

Sep 18 2014 - Saving, School

Laughing young girls watching TV together sitting on couch

I’ve racked my brain and tried to remember some of the ways I saved when I was in school and thought I would share them with you. Also be sure to check out our posts on budgeting, textbooks and more here. Got your own money-saving tips? Feel free to share in the comments.


1. Share everything.

Taking a class with a friend? Consider sharing the textbook. Want to order pizza – see who will chip in. Driving home for the holidays? Make room in the backseat and score a little gas money. All it takes is a quick Facebook status update or a text and you could be on your way to a less expensive school year.

2. Beg, Borrow and Buy Used

Buy used whenever you can – from textbooks to dishes, clothing to couches, spending less on all these items can save you major money. When you’re on a time crunch, it may seem easier to buy brand-new instead of comparison shopping but a month from now would you rather have a brand new textbook or an extra $50+ in your pocket?

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Millennials: Low Paycheques Don’t Have to Hurt High Hopes

Sep 11 2014 - Saving, Work


As a young professional, you may get little empathy when your expected salary is unexpectedly small. You may have heard from that “you need to work your way up” or just “be grateful for what you have” however, your small paycheque may result in older generations feeling the pinch too.

An article in the Globe and Mail confirms that you are probably making less money than predicted – the average annual salary for grads is not keeping up with inflation and in some cases has declined. Salaries for graduates six months out of school “went from $41,699 in 2006 to just $42,636 in 2011”. Even more intimidating, is that two years post-grad, “the average declined from $49,468 in 2006 to $49,398 in 2011”. The numbers don’t lie – it can be tough out there. But you have to start somewhere and generations before us have had to start at the bottom and work up the ladder as well. It’s a fact.

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Travel Insurance – Packing piece of mind

Sep 4 2014 - Saving, Your rights


Summer is still hanging around for a few more weeks – and that means for some, a last minute getaway. Or if your 30 something and working with no children, maybe you like to wait until the Fall to getaway. I get it, travel insurance isn’t the most exciting purchase you make as you prepare to take off on your trip, but believe me – it’s definitely one of the most important.

In a recent study, I was actually quite surprised to see that six in ten Canadians do not regularly purchase travel insurance before leaving the country.

I have a recent story to share with you about my experience with travel insurance. Now, depending on the travel insurance you purchase, coverage is different.

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