In Episode 8 of Dollars Seen Differently, we cover the essentials of financial literacy, focusing on debts, loans, and taxes. The episode discusses different types of loans—such as credit cards, lines of credit, mortgages, and payday loans—highlighting their pros and cons. The speakers emphasize the importance of managing debt responsibly, understanding interest rates, and the dangers of consumerism. They also explain how poor financial decisions can lead to long-term consequences, including damaged credit scores and mental stress. The episode wraps up by discussing the importance of filing taxes annually, even for those without income, and how missing tax deadlines can result in lost government benefits and penalties.

Show notes: https://www.cnib.ca/sites/default/files/2024-11/Dollars%20Seen%20Differently%20Episode%208%20-%20Debt%20and%20Taxes%20-%20The%20Basics.pdf