How To Create Realistic Financial Goals for 2018

As the year-end fast approaches, it’s important to reflect back on what this past year has brought to your financial life. By having an open and honest conversation with yourself on what worked, what didn’t, and what you want to accomplish in 2018, you’ll quickly realize that setting financial goals for the new year isn’t as dreadful as it seems. …

The Cost of Burnout

It’s no surprise that work-related burnout can lead to some serious effects on your mental and physical health. While it is inevitable to experience at least some stress in the workplace, prolonged stress and anxiety can take a significant toll on one’s personal well-being. But how much does our mental health actually cost us? According to the Centre for Addiction …

5 Simple Money-Saving Tips for the Holidays 🎄

‘Tis the season for sharing the gift of togetherness with friends and family, but for those of us on a budget, the holidays can seem quite daunting — especially for our wallet. With the flood of holiday sales and offers, it can be hard to resist the temptation to spend, but by planning ahead you can avoid that dreaded New …

The Unexpected Costs of a Career Change

Becoming something you’ve always wanted to be or landing your #dreamjob is a huge accomplishment for many — but if you’re stuck at a crossroads where you feel like you’re in a job or career path that just isn’t for you, it’s never too late to change. And no, this isn’t just a Millennial issue, but something many of us …

How to Discuss Your Finances With Your Significant Other

Learning how to manage your own finances is a great way to learn more about yourself as an individual. While there is a myriad of money management tools and resources, once you find something that sticks, managing your own finances can actually feel quite empowering. But what happens when your significant other comes into the picture? When you reach a …

The Cost of “Keeping Up With the Joneses”

“Keeping up with the Joneses” — a seemingly innocent, yet satirical catchphrase derived from the title of an American comic strip in 1913 reflected our need to impress others through material goods or superficial success. Yet even though over 100 years have passed, the idea of “keeping up with the Joneses” is still very prevalent with the rise of social …

How to Ask for (Financial) Help

Asking for financial assistance from anyone, let alone from friends or family, is never an easy task—especially when a little something called pride gets in the way of asking for help. Pride is that inner voice that tells us “you can deal with this yourself”. It’s fuelled by the fear of judgement, sense of defeat, or weakness, but by letting …

PowerUp with Koho🔋

We’ve received a lot of requests for rewards right from the get go, and we heard you. We’ve put a lot of time into building this because we think it’s important to provide rewards that are valuable to you. We also wanted to build a rewards program that aligned with our brand and mission to empower Canadians to spend smarter …

The Difference Between Broke Versus Poor

“I’m so broke/poor”. Many of us, especially in our college years or in our 20s, have been guilty of jokingly saying this — especially when money was tight. In social situations, it can be easy to say you’re either “broke” or “poor” and use these terms interchangeably, but it is important to understand the difference between these terms to avoid …

How to Start an Emergency Fund 😷

Saving up for the future can be quite daunting for many of us who are on the road to repaying our debts. According to a new survey by the Canadian Payroll Association, “nearly half of workers are living paycheque to paycheque due to soaring spending and debt levels” (Globe and Mail, 2017). The reality is, that it has become far …