CALGARY, July 27, 2015 /CNW/ - Over the past several months, there has been countless publications centered on Alberta's economic outlook, rising cost of living, and job insecurity in the province. Many other media outlets have also held comprehensive discussions on how many "Albertans heading into retirement will not be able to live comfortably in their retirement years."
The latest consumer trend reported by Equifax, shows the average debt load in Alberta as $27,072. The report also included information supporting evidence that the average Albertan's debt is 30 per cent higher than the rest of Canada. All of this information and discussion can conclude that a much needed conversation, is one regarding financial literacy. We are currently faced with a financial future that is uncertain for even the best economists to predict, and now is the time to educate ourselves.
At Money Mentors, we consistently advise Albertans to be financially literate, ensuring they are well equipped to put their financial house in order. Information is the key to success. Therefore, staying informed on various financial topics such as RRSPs, savings, retirement, debt, and emergency funds will provide you with the best financial practices you can apply to your lifestyle.
As part of our mission to educate Albertans in personal money management and the wise use of credit, we now offer free money coaching in Alberta to help individuals get a better understanding of their finances. By taking a big-picture approach to finances and focusing on clients' goals and challenges, Money Mentors keeps Albertans one step ahead of the economy.
FREE Money Coaching:
Our money coaches offer clients a free, tailored financial management plan. Coaches provide various services, including personal finance advice and planning. Our financial coaches do not just look at facts and figures – they take a thorough look at the bigger picture. From budgeting, to debt management, to retirement planning, our coaches can help any Albertan build a Money Action Plan (MAP), regardless of their current financial position.
Our money coaches come from diverse financial backgrounds, and have many years of experience helping people tackle personal and family financial crisis. Through a step-by-step process, they guide clients on how to develop a peace of mind by creating a balanced life – personally, financially and prudently.
Your cash flow will improve, you will know how to measure and grow your net worth, and you will take complete control of your month-to-month spending, freeing up money for your long term goals. With a coach from Money Mentors, you will get a closer look at your day-to-day expenses, income, investments and debt.
Taking such proactive measures will ultimately contribute to a better financial position for you. Additionally, getting your finances in order will give you a better chance of financial success and at the same time, help you withstand economic uncertainties.
Money Mentors is the only Alberta-based, not-for-profit credit counselling agency. Through a number of services, we help families and individuals recover from financial crisis and move forward. From credit counselling and money coaching to retirement planning and community financial literacy, we are contributing to a healthier financial future for the entire province.
SOURCE Money Mentors
Image with caption: "FREE Money Coaching For All Albertans, Provided by Money Mentors (CNW Group/Money Mentors)". Image available at: https://photos.newswire.ca/images/download/20150727_C4370_PHOTO_EN_452996.jpg
For further information: For more information or interviews, contact: William Akoto, MoneyMentors.ca, Toll-free: 1-888-294-0076, info@MoneyMentors.ca, Facebook.com/MoneyMentors, Twitter.com/MoneyMentors