The new year offers the perfect opportunity to refresh your financial approach, set meaningful goals, and pave the way for a stronger financial future in 2025. While creating a budget, building savings, managing debt, and investing wisely are common steps, here are a few additional tips to help you make the most of your financial journey this year: Create a financial calendar If you don’t trust yourself to remember to pay your quarterly taxes or periodically pull a credit report, think about setting appointment reminders for these important money to-dos in the same way that you would an annual doctor’s visit or car tune-up. Regularly reassess goals Review and adjust goals every quarter or after significant life events. Do not forget to celebrate milestones to stay motivated. Review financial products You may be satisfied with the products you are currently using with your financial institution, but it is always best to check for better rates on insurance, loans, or credit cards. Also investigate maximizing benefits from cashback or rewards programs. Check your interest rate Which loan should you pay off first? A: The one with the highest interest rate! Which savings account should you open? A: The one with the best interest rate that also aligns with your savings goals. Paying attention to interest rates will help inform you which debt or savings commitments you should focus on. Track your net worth Your net worth—the difference between your assets and debt—is the big-picture number that can tell you where you stand financially. Keeping an eye on it can help keep you apprised of the progress you’re making toward your financial goals—or warn you if you’re backsliding. Invest strategically Review your investment portfolio for diversification and risk alignment. Take advantage of tax-advantaged accounts like RRSP or TFSA. Stay informed about market trends but avoid knee-jerk reactions to volatility. Start planning for your retirement A Registered Retirement Savings Plan (RRSP) is a cornerstone of financial planning for Canadians aiming to secure their retirement. An RRSP offers valuable benefits, including reducing your current tax burden, achieving compound growth over time, and providing flexible contribution room. YNCU’s RRSP options are well worth exploring to help you reach your financial goals. Stay educated Contact us. YNCU is here for all your financial literacy needs. Need one-on-one help? We got you! Reach out to our advisors. Don’t forget to follow us on Instagram for more honest money talk tips!

Krystel Edwards | January 6, 2026

Have you received a phone call from someone claiming to be from your bank or credit union? While financial institutions may occasionally contact members about their accounts, scammers often impersonate banks and credit unions to steal personal information, account details, or security codes.

Scott Stelmaschuk | April 9, 2025

Debit card fraud can happen quickly, especially when criminals use stolen card information and PINs to access accounts. A growing type of theft involves criminals watching people enter their PINs at ATMs or during in-store purchases, then stealing the card and using both the card and PIN to make unauthorized transactions.

Matt Lukas | February 5, 2025

The holiday season is a time for celebrating, giving, and spending time with loved ones—but it’s also a time when fraudsters become more active.

Scott Stelmaschuk | December 10, 2024

Financial scams targeting older adults continue to evolve, making fraud prevention more important than ever. We want to help seniors recognize common scams that target them, how to protect personal information, and feel confident managing finances.

Scott Stelmaschuk | May 26, 2025

Tax season in Canada can feel overwhelming, but having a plan can make the process much easier. Whether you’re filing your first tax return or looking for ways to make the process more efficient, preparing early can help you stay organized, avoid mistakes, and make sure you’re taking advantage of available tax credits and deductions.

Rana Simpson | March 11, 2025

Keeping your personal information up to date with your financial institution is an important part of managing your money safely. Your contact information helps your credit union communicate with you, protect your accounts, verify your identity, and provide better service. When details like your address, phone number, email, or identification become outdated, it can create delays and make it harder to protect your financial information.

Matt Lukas | January 22, 2025

Learning how to manage money is one of the most important life skills young people can develop. Financial literacy gives youth the knowledge and confidence they need to make informed decisions about saving, spending, borrowing, and planning for the future. By teaching financial skills early, we can help the next generation build healthy money habits, avoid common financial mistakes, and work toward long-term financial wellbeing. What is financial literacy? Financial literacy is the ability to understand and manage money effectively. It includes skills such as: Creating and following a budget Understanding saving and investing Using credit responsibly Making informed spending decisions Setting financial goals Understanding the impact of debt Financial literacy is not just about knowing numbers—it’s about developing the confidence to make thoughtful financial decisions throughout life. Why financial literacy matters for youth Young people make financial decisions every day, whether they are spending allowance money, using a debit card, applying for their first credit card, paying for education, or starting their first job. Learning financial skills early can help youth: Build confidence with money Develop responsible financial habits Understand the consequences of financial choices Prepare for future expenses Avoid unnecessary debt Financial education provides young people with tools they can use throughout their lives. Financial literacy helps youth make informed decisions Money knowledge gives young people the ability to evaluate choices and understand how decisions today can affect their future. For example, understanding: The difference between needs and wants can help with smarter spending. How interest works can help avoid costly debt. The power of saving early can help build long-term wealth. The earlier youth learn these concepts, the more opportunities they have to practice and improve their financial skills. Financial literacy can help prevent debt problems Many young adults encounter borrowing decisions for the first time through: Student loans Credit cards Car loans Personal loans Without an understanding of borrowing, interest, and repayment, it can be easy to take on more debt than expected. Financial literacy helps youth understand: How credit works Why paying bills on time matters How interest increases borrowing costs How to borrow responsibly These lessons can help prevent financial stress later in life. Learning about saving and investing builds future wealth One of the most valuable financial lessons youth can learn is the importance of starting early. Understanding concepts like: Compound growth Saving consistently Setting financial goals Investing for the future can help young people appreciate how small actions today can lead to meaningful results over time. Building a habit of saving—even small amounts—can create a strong foundation for future financial success. Financial literacy teaches more than money skills Financial education is also about developing important life skills. Managing money helps youth build: Patience Discipline Goal-setting skills Decision-making abilities Long-term thinking These skills extend beyond finances and can support success in many areas of life. How parents and educators can teach financial literacy Financial lessons do not need to be complicated. Everyday moments can become opportunities to teach money skills. Lead by example Young people often learn by watching the adults around them. You can demonstrate healthy money habits by: Creating a household budget Discussing financial goals Comparing prices while shopping Explaining saving decisions Small conversations can create lasting lessons. Encourage conversations about money Talking openly about money helps remove the idea that finances are something to avoid discussing. Age-appropriate conversations can include: How to save for a goal How to make spending choices How bank accounts work How earning money connects to spending and saving Make learning about money engaging Financial education can be interactive and fun. Ideas include: Using budgeting apps Playing money-related games Creating savings goals Comparing prices while shopping Practicing real-life financial decisions The goal is to help youth build confidence through experience. The role of financial education resources Access to reliable financial education resources can make learning about money easier and more accessible. YNCUniversity was created to help individuals and families build financial confidence through: Easy-to-understand financial literacy articles Educational resources on everyday money topics Financial calculators and planning tools Free financial education presentations from knowledgeable experts Financial literacy is a lifelong journey, and having the right resources can make a meaningful difference. The long-term impact of financially confident youth When young people develop strong money skills, the benefits extend beyond their own financial future. Financially confident adults are more likely to: Make informed financial decisions Manage debt responsibly Plan for major life goals Share positive money habits with future generations Teaching financial literacy today helps create stronger communities tomorrow. Frequently asked questions about youth financial literacy Why is financial literacy important for students? Financial literacy helps students understand budgeting, saving, credit, and financial decision-making before they enter adulthood. What money skills should teenagers learn? Teenagers can benefit from learning how to budget, save money, use credit responsibly, understand banking, and set financial goals. How can parents teach kids about money? Parents can teach financial skills through everyday conversations, budgeting examples, savings goals, and involving children in age-appropriate financial decisions. When should financial education begin? Financial education can begin at a young age. Simple lessons about saving, spending, and making choices can help build strong habits over time. The bottom line Financial literacy is one of the most valuable skills young people can develop. By teaching youth how money works, we help them build confidence, make informed decisions, and create a stronger financial future. Whether you are a parent, educator, student, or community member, investing in financial education today can create positive impacts for generations to come. Reach out: YNCU is here to support your financial literacy journey with practical resources, tools, and education to help you make informed money decisions.

Rana Simpson | November 26, 2024

Spring is a season of fresh starts, making it the perfect time to give your finances a check-up. Just as you might declutter your home, a financial spring cleaning helps you organize your money, identify opportunities to save, and make sure you're on track to meet your financial goals.

Rana Simpson | April 24, 2025

A Registered Retirement Savings Plan ( RRSP ) can be a powerful tool for building retirement savings and reducing your taxable income. However, making the wrong decisions—such as over-contributing, withdrawing funds too early, or choosing investments that don’t align with your goals—can reduce the benefits of your RRSP.

Krystel Edwards | February 20, 2025

The holiday season has always been synonymous with the spirit of giving, but as we scroll through our social feeds, it seems the way we spend during Christmas has taken on a new form. Social media, an ever-present force in our lives, has subtly shifted our holiday shopping habits, and it’s worth unwrapping this phenomenon to understand how. Unwrapping the influence of social platforms Once upon a time, Christmas shopping was a predictable affair: advertisements in newspapers, commercials on television, and the occasional word-of-mouth recommendation. Fast forward to today, and you’ll find that social media platforms have become the new marketplace where desires are born and decisions are made. Here’s how: Peer Pressure in Pixels: As we see friends and influencers showcasing their festive splurges, we’re often nudged towards similar or even more extravagant purchases. Targeted Temptations: Thanks to algorithms, our feeds are tailored to show us products we’re likely to fancy, making impulse buys all the more common. Hashtag Holidays: Campaigns like #SecretSanta or #ChristmasCountdown create a buzz that’s hard to ignore, often leading us to join in on the spending spree. The wallet’s whisper: How spending habits have shifted It’s not just about buying more; it’s about buying differently. Social media has introduced us to a world of niche markets and bespoke gifts. We’re no longer satisfied with off-the-shelf items; we crave personalized experiences and unique finds that scream thoughtfulness. Moreover, the ease of online transactions means our money can fly out of our wallets with just a few taps on our screens. The emotional e-commerce exchange Let’s not overlook the emotional component. Social media has a knack for amplifying the ‘feel-good’ factor of gifting. When we share our generous gestures online and receive likes and comments, it reinforces the joy of giving, sometimes spurring us on to spend even more in pursuit of that digital nod of approval. Navigating the festive frenzy with financial savvy So, how do we embrace the positives of social media-inspired spending while keeping our bank accounts from freezing over? It’s all about balance: Set Boundaries: Decide on a budget before you dive into the digital bazaar. Quality Over Quantity: Invest in meaningful gifts rather than getting swept up in quantity-driven deals. Social Media Detox: Consider limiting your screen time to reduce the temptation to splurge. Striking a merry medium As we hang our stockings by the chimney with care, let’s also hang onto our financial well-being. Social media will continue to shape our spending habits, but with a dash of self-awareness and a sprinkle of restraint, we can enjoy the festive cheer without the New Year fear of credit card tears. YNCUniversity is here for all your financial literacy needs. Need one-on-one help? We got you! Reach out to our advisors. Don’t forget to follow us on Instagram and Tik Tok for more Honest Money Talk tips!

Scott Stelmaschuk | December 18, 2024

Starting your financial journey can feel like setting sail in unfamiliar waters. With so many options and paths to choose from, it's easy to feel overwhelmed or unsure of which direction to take. The good news is that with the right guidance and a clear understanding of what to look for, you can navigate with confidence and stay on course toward your financial goals. We've highlighted a few key essentials to help you get started.

Scott Stelmaschuk | November 19, 2024