Guess what: the best way to establish good credit while still enrolled in school is by regularly using a quality student credit card, and finding one has never been easier!

Have you been treating the maternal figure in your family to a heartwarming Mother’s Day?  The team at LowestRates.ca wishes all families a Happy Mother’s Day today, and wishes to thank all participants who submitted financial advice from their mothers into the MyKindaMom Mother’s Day contest.

Meet Evan who learned about the consequences of speeding shortly after acquiring his G2.  Realizing that his car insurance premiums would skyrocket without being a responsible driver, Evan’s mother had her son pay his own insurance for a whole year after acquiring two speeding tickets – an experience that he says will follow him forever.

Meet Leona who came from a large family with very little money to spare.  Leona credits her mom for teaching her a valuable lesson – money will not look after you, you must look after your money no matter how much or how little you may have attached to your name.

Meet Raheel who arrived in Canada as a young boy from Pakistan, and who describes his mother as his role model.  Raheel was taught the value of money at a young age, and that to truly appreciate and respect the importance of money, he would earn his way to acquire the things he wanted to own.

Meet Lyle who was taught the true value of money by learning how to squeeze every penny out of household products.  Lyle’s mother introduced her son to couponing, bargain hunting, and how to get the most out of every item in the home.

Meet Linda who learned from her mom that opening a bank account with a small balance encourages a child to earn and save more money.  Beginning with only $5 in the bank, Linda followed her mother’s advice to become a self sufficient, hard working woman with a comfortable lifestyle.

Meet Erik who learned the hard way that saving money over the long term is more valuable than spending money on flashy products today.  Erik’s mom allowed her son to make his own decisions with the money he saved, and this learn by experience lesson taught him the value of saving.

Meet Jody who learned from her mom that debt may be a four letter word, but carries a lot of weight.  Jody’s mother advised her daughter that making payments as fast as possible and above the minimum required balance, lowers total interest and saves money over the long term.

Meet Samantha who entered into the MyKindaMom contest with a story about earning, saving, and ultimately investing.  Rather than indulge in a shopping spree she initially wanted, Samantha learned from her mom that saving and investing her money is a far more rewarding experience.