A Money Coach in Canada

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I can’t help but have my heart in my throat sometimes when I hear the statistics about people, especially in the States and Britain and especially Greece, who are facing structural financial difficulty. By that I mean: through no fault of their own, they are truly struggling to find work, or their currency has been devalued, or their net worth has plummeted because of the housing market or what have you.

It sounds horrible to say this, but while I’ve known for forever about these kinds of ongoing issues in other countries, like the former Eastern Bloc or Africa, it’s really sinking in at a visceral level now that it’s occurring right next door.

I’m a money coach. I help people manage the money they *do* have, not the money they *don’t* have. Nevertheless, I’d like to put together a series of blog posts for those who are facing particularly acute money struggles. I have some ideas – nothing mind-blowing, just a few topics I hope will prove gently encouraging – that I’d like to post about over the coming months.

Do you have ideas? If you are, or have been, or know someone who is facing serious financial struggle (either short term or long term) would you leave me a comment below? Feel free to use an alias and even a fake e-mail. I just want some REAL feedback.



Photo Credit KuddlyTeddyBear

About the Author

Imagine if Canadians were known for being all over their money. Engaged. Proactive. Getting out of debt. Savvy. Saving. Generous. Nancy wants to help. Nancy started her own journey with money over 15 years ago, and formed her company “Your Money by Design” in 2004 to help others along the same path. It’s not the usual financial advising/investment stuff. It’s about taking control of day-to-day finances –managing monthly cashflow effectively, spending appropriately, getting out of debt, saving. If you're ready to take control over your finances, pop by her business site, YourMoneybyDesign.com


  1. Kat

    I think that it hard on those that had “it all” and then lost it. Watching the mass of people that have lost their jobs, their homes, their car and everything during these tough times is heartbreaking. Well we have savings and stay out of debt we know that we things can happen and life can change.

    I have been in a few situations in my life where I lost my job and had no money. I was blessed that somehow I always managed to get rent and not starve. But I have learned that I can survive and that I can learn to live with less. I have worked 4 jobs at a time, worked in terrible places just for the money, even sewed holes in pantyhose once to wear them to an interview and did all my laundry by hand for 6 months. It is nice to have savings now and know that if we have to start again we will not be starting from nothing.

    I think that we can’t assume that we will all be able to afford to buy a house and that many people that can buy will not have it paid off before they die. (especially in Vancouver) People need to stop using credit cards for everything and stop living beyond their means. I think that we sometimes feel that we are entitled to having a house, a new car and the best electronic items. After living with people in Sudan, Africa I know the difference between need and want. It is a concept that I think a lot of people don’t understand.


    Nancy (aka Moneycoach) Reply:

    Thanks, as always, Kat. You’re so right that *none* of us should assume anything, and I think that’s probably why we’re so rattled right now – we DID and we DO assume, and our assumptions are being challenged right in front of us.


    Jun 23, 2011
  2. Zigbee

    The biggest issues with no money are all mental. How do you get up in the morning? How do you try and improve yourself? How do you not beat yourself up over bus fare, an egg for breakfast, or replacing a pair of broken shoes?

    How do you mentally “stay on target” and try and navigate out of the mess you are in, however you got there?

    How do you ask for help? Who do you ask for help? When is it appropriate to ask for help?

    How do you keep up your self esteem, when seemingly every decision or activity is in some way linked to the continual spending of money?

    I’ve never gone hungry, and I’ve never not had a roof over my head. But I’m still climbing towards zero, towards break even. And some times, you wonder why you even bother, if zero is the very best outcome that you’re heading towards.


    Nancy (aka Moneycoach) Reply:

    @zigbee Thanks for such a thoughtful comment. In addition to the practical concerns, being broke really takes a toll on the inside of us as well, doesn’t it. I’ll definitely find *some* ways to speak to the items you mentioned. Thanks again.


    Jun 23, 2011

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