In this episode of TGIF Two Girls Investing Friday, hosts Jess and Colleen discuss practical ways they saved money this week, such as working out at home and preparing cost-effective meals. They delve into the differences between two key Canadian investment accounts: the RRSP (Registered Retirement Savings Plan) and the TFSA (Tax-Free Savings Account). The episode covers how each account works, tax implications, and strategies for deciding which to invest in based on your income. They also touch on taking loans from your RRSP for education and home buying, and offer tips to maximize tax returns.

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00:00 Introduction to TGIF: Two Girls Investing Friday

00:34 Weekly Money-Saving Tips

08:02 Investing in RRSP vs TFSA

08:13 Understanding RRSP and TFSA

09:03 Tax Implications and Strategies

10:38 Practical Tips for Managing RRSP and TFSA

22:27 Final Thoughts and Next Steps