Month: November 2022

Read insights, stories, and practical tips on financial literacy and community development. Our blog is a space for learning, reflection, and inspiration.

We need your help | Volunteer with us

With plans to run a free tax clinic in Edmonton and Calgary in 2023, LCCMedia Foundation is actively looking for volunteers to support their Edmonton and Calgary locations. In 2022, the team, which comprised Tayo Elnathan, and Dotun Ayodele-Bamisaiye, did more than 350 tax returns at the Africa Centre. The clinic was sponsored by the…

How important is your credit score?

  I check my credit score with my bank regularly. But, recently, I was surprised when I needed to buy some furniture and asked to see my credit (as they had pulled it); it did not match the bank’s credit score. I wonder why this is so; Globe and Mail reporter wrote about credit rating…

How do I check my credit score?

From: Financial Consumer Agency of Canada   Credit bureaus in Canada may collect different information about how you’ve used credit in the past. Requesting your own credit report has no effect on your credit score. Learn more about credit reports and score basics. You can access your credit report online for free from Equifax and TransUnion….

Tips for your personal taxes | Tayo Elnathan and Dotun Ayodele-Bamisaiye

Big Conversations is a monthly magazine show hosted by Tee Adeyemo for LCCMedia. They do different topics such as your money and finances. Tayo and Dotun are accountants at Dexteritas.ca. They joined Big Conversations to talk about your money and taxes. Tayo Elnathan is also the Executive Director of LCCMedia Foundation. Their tips are helpful…

Financial Empowerment Strategies

From: Financial Consumer Agency of Canada Financial empowerment strategies concern the root causes of poverty and financial outcomes for individuals and families living with low income. Because of this, they have been shown to affect long-term financial change, including improved credit ratings, increased savings and income, and reduced debt levels. When financial matters such as…

The Financial Empowerment Plan

The Financial Empowerment Program is for Edmontonians living on a low income. It can help them connect to the resources, education and information needed to reach financial stability and security. The Financial Empowerment Program consists of social workers who work with community partners to help people living on a low income expand their financial knowledge, reduce…

Your personal finances with Tayo Elnathan

  I remember saying to my mentor, ‘If I had more money, I would have a better plan.’ He quickly responded, ‘I would suggest that if you had a better plan, you would have more money.’ You see, it’s not the amount that counts; it’s the plan that counts.” – Jim Rohn A budget is…

Budgeting and You with Tayo Elnathan

  What is a budget? A budget is a plan that helps you manage your money. It helps you figure out how much money you get, spend and save. Making a budget can help you balance your income with your savings and expenses. It guides your spending to help you reach your financial goals. A…

Why do we need to be Financially Literate?

  Financial literacy is the ability to understand and effectively use various financial skills, including personal financial management, budgeting, and investing. Financial literacy is the basis of our relationship with money. It is a lifelong journey of learning good habits and unlearning bad habits. It is a lifelong journey of becoming financially empowered. The journey to…

6 Tips to keep your finances safe

We have complied a list of common sense, every day ideas on how to keep your finances safe. The general idea is to save more and spend less as you will see.   Plan to save: As easy as it is to spend on night outs, shopping, holidays and so on, we must also plan…