Education Costs Money, Ignorance Costs More… Welcome to My University Money
%
Financial independence? You're halfway there.
Read our most recent blog posts below
The Wealthy Barber – Review
If you only read one personal finance book in your lifetime, make it “The Wealthy Barber” by David Chilton. I read his book a couple of years ago and it truly opened my eyes to the world of personal finance and the power it can wield. Chilton is soon releasing his...
How a Great Summer Job Can Benefit You
I know for a fact that my summer job helped me land a permanent position upon graduation (I was told so at the end of the interview). It also helped me get through school without any debt, which as any recent graduate can tell you is a pretty cool accomplishment. ...
How Much Is An Acceptable Amount To Spend on Alcohol?
I was pretty sick of writing about serious stuff like investing for retirement, so I decided to talk about the favourite topic for a lot of University students: Alcohol! Specifically, how much is considered appropriate for a post-secondary student or really any young...
Investing Series – Compound Interest Magic
Over the last few weeks we’ve introduced readers to the basic steps to investing in Canada. We looked at setting financial goals, creating a financial plan, the importance of saving, what asset classes are, what investment accounts/plans we have in Canada, and...
Investing Series – The Mechanics
So now you’re all set with your knowledge of how to invest your money and know what range of options are available to you. Depending on what you want to do there are some final steps you should take in order to actually get your hard earned money working for you. If...
Investing Series – Stocks (Part 2)
So last week I detailed exactly why people should invest in the stock market, and why all the talk about “losing your shirt” or getting rich quick is equally overblown. I just want to take the opportunity to encourage our readers to make sure and ask any questions or...
Investing Series – Stocks (Part 1)
Now that we are on the right path and understand some of the basics of investing it’s time to look at the fun part of this whole deal, the part that can make you a lot of money without requiring you to lift a finger! Investing in stocks (sometimes called equities) is...
Investing Series – RRSPs, TFSAs and RESPs
For the fourth instalment in our investing basics series (click here to begin the journey) we are going to look at the different account options that are available to you as an investor. I’m sure most of you have heard people talking around tax time about how they...
Investing Series – Asset Classes
Now that we have fought through the “boring” but necessary parts of investing we’re going to begin to look at just how you get to make money while you sleep, watch TV and live your life. I am still amazed at how effectively capitalism can work for the people who...
Investing Series – Saving
A few days ago I began a series that will try to outline the basics of investing. I want to be clear that my goal is not to try to pen a guide to “beating the street” or getting rich quick (I’m fairly certain this is not even possible at this point). Instead, I just...
Investing Series – Setting Goals
When students see the term investing, they usually have one of two reactions. The more common and cautious approach is: “I have no money to invest, I’m taking out student loans for goodness sakes. Anyway, my uncle lost a bunch of money on the stock market during the...
Importance of Repairing Credit Before Approaching Lenders
Two guest posts in one week tells us we are definitely gaining ground here at My University Money. I've taken my own look at Credit Scores before, but I never pass up an opportunity to our readers to hear from a professional. Without further ado, here is Ed O'Brien...
All You Need to Know About Insurance For Students
I like to think I know my way around most insurance policies, but to give a more thorough overview I contacted a good friend of mine who is just finishing up his degree from the Asper School of Business at the University of Manitoba. He is a third generation...
Introducing – Kyle Prevost
Hi my name is Kyle Prevost and I’m just a guy that wants to help people understand that this personal-finance stuff really isn’t that hard. I went to university with Justin and when he asked me to do a little writing on his website I jumped at the opportunity. I’m...
The Benefits of Using Credit Cards
For the majority of students out there I think it is probably most important that they first understand the dangers of credit card usage before they find out about some of the benefits. I have seen too many students not understand how debilitating 19.99% compound...
Looking for additional content? use our top navigation bar and choose the category you’re interested in or hop over to our first time readers page which contains links to our most popular posts on the blog. We are currently in a process of reorganizing the content to our best ability so it will be even easier to find the information you need. Thank you for visiting us and reading. We are eager to read feedback! Please comment on articles you think are comment-worthy, we promise to respond!
– MyUniversityMoney staff