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Food & Drink / Farms

Mitchell Bros Beef

Raising beef the way nature intended

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Money Mentors

Not-for-profit credit counselling and money management organization deeply rooted in Alberta since 1997.

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Living Locally

Money Mentors steps up for Alberta

September 27, 2016

Given the current state of Alberta’s economy, financial literacy is more relevant than ever. A recent survey by The Canadian Payroll Association (CPA) revealed that half of Albertans are living paycheck to paycheck.

Money Mentors is Alberta’s first and only non-profit geared towards credit counselling. Since 1997, its team of Certified Financial Planners have been helping Albertans learn to manage their finances for a better tomorrow.

“There’s a lot of people hurting right now,” says William Akoto, Marketing and Communications Manager. “Many Albertans are laid off and can't find jobs. They are running out of their of savings and many do not have emergency funds or RRSPs. These are some of the reasons why Money Mentors provides these services.”

Money Mentors is the sole provider of the Orderly Payment of Debts (OPD) program for the Government of Alberta. The OPD program is a debt consolidated program alternative to declaring bankruptcy. Money Mentors offers a fixed interest rate of 5% on all unsecured debts, consolidated into one monthly payment.

Money Mentors offers the OPD program and many other free services and programs. Its other services include credit counselling, money coaching, and monthly financial seminars. Education ranges from credit scores to fraud prevention.

“They can tackle their personal finances better, and also get a better understanding of where they are and where they need to be, as well as how to get there.” Money Mentors also offers free in-class workshops for students in K-12, as Money Mentors believes you’re never too young to understand money.

William started working at Money Mentors four years ago and credits the success of Money Mentors to the knowledgeable, and passionate staff who are very devoted in making sure Albertans are well informed about their finances.

“I love seeing the smile on people’s faces when they leave their first appointment. They can finally see the solution.”


If you or someone you love needs help, click here to review Money Mentors’ services.
Money Mentors also has a wealth of online resources including webinars and quizzes.
Follow Money Mentors on Facebook, Twitter and YouTube.
Vote for Money Mentors as your favourite local non-profit in REAP’s 2016 Be Local Awards!

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Did you know?

Most net new job creation comes from businesses with 20 employees or less.