40 Ways to Start Volunteering

Apr 10 2014 - Work

volunteering

If you’re finishing up school right now, you’re probably counting down the days until your summer break starts. But before you get down to some well-deserved fun in the sun, you may want to consider some positive ways to help out your community this summer AND build your resume.

It’s National Volunteer Week (April 6-12) and we’re encouraging you to join Canada’s 13.3 million volunteers in supporting charitable causes. For young adults like you in particular, aside from the feel good stuff, it’s common knowledge that volunteer experiences are great assets on a job application. After all, Forbes reported 60% of hiring managers think volunteering makes someone more hireable.

Just think: a couple hours of volunteer work each week might help you develop employable skills and build a positive reputation in the community. The hardest part is probably getting out there and staying motivated. To get you going, the Government of Canada published some great volunteer ideas to think about.

Continue reading →

Video: Money On Trees on CHCH Morning Live

Apr 4 2014 - Saving, Video

In case you missed it, last November our blog was featured on CHCH Morning Live in Hamilton, Ontario. I made the appearance alongside one of my bosses at FirstOntario Credit Union, Dave Schurman. Since Dave appears on the show’s Finance Friday segment every week to promote financial literacy, we took this opportunity to officially launch the blog and promote our resources to guide young adults through the financial tough stuff.

The show’s host, Annette Hamm, even went the extra mile to endorse Money On Trees during the interview. She called it, “The personal finance blog created by a young professional for the young professional” because we discuss money management issues not taught in schools.

Got any personal finance questions you’d like answered? Contact us to join the conversation and share your experiences.

Want to Retire with $1 Million in Your Bank Account? It’s Possible!

Mar 27 2014 - Saving

Does retiring as a millionaire sound good to you? Or does it sound too good to be true? The truth is: the earlier you start saving, the better your odds of reaching your retirement goals get.

To inspire you on your road to riches, Investopedia created a calculator to figure out how much you need to stash away each month to retire at 67 with $1 million. Keep in mind this is all in good fun. You probably shouldn’t fixate on an exact dollar amount for your nest egg, as it’s safe to assume inflation and your lifestyle will change over time.

Investopedia Millionaire Calculator

The interactive infographic below uses data from Investopedia’s millionaire calculator to illustrate how much you’ll need to invest each month to reach $1 million (considering a range of starting points and annual return rates).

As you can see from all those numbers, you’ll need to save much, much more as you get older if you want to hit the $1 million goal.

Continue reading →

Video: Common Scams and Fraud Prevention

Mar 21 2014 - Video

Welcome to another Fraud Prevention Month edition of Finance Friday!

Dave Schurman of FirstOntario Credit Union (where we work) appears on CHCH Morning Live with Bob Cowan to talk about the most common scams.

Do you want to share your own experiences with fraud to help others recognize and prevent scams? Like our Facebook Page and join the conversation.

Achieving Financial Independence: A Q&A with Jonathan Chevreau (Cont’d)

Mar 18 2014 - Saving

Jonathan _Chevreau

This is part two of Money On Trees’ interview with Jonathan Chevreau, MoneySense magazine’s editor and one of Canada’s most renowned financial authors. His latest book is a financial novel called Findependence Day. It’s a financial love story aimed at the children of wealthy boomers: young people just embarking on careers, family formation and investing. Find out what advice he has for youth hoping to get through the tough fiscal times and achieve financial independence!

Continue reading →

Achieving Financial Independence: A Q&A with Jonathan Chevreau

Mar 13 2014 - Saving

JonathanChevreau

Money On Trees recently chatted with Jonathan Chevreau, MoneySense magazine’s editor and one of Canada’s most renowned financial authors. He has been writing about personal finance since 1996 for the Financial Post, after starting his journalism career as a technology reporter for the Globe & Mail in the early 1980s. His latest book is a financial novel called Findependence Day. It’s a financial love story aimed at the children of wealthy boomers: young people just embarking on careers, family formation and investing. In the first half of this two-part interview, find out what advice he has for youth hoping to get through tough fiscal times and achieve financial independence!

Continue reading →

Older Posts →