It’s not unusual to forget to pay a bill, or overspend once or twice, but there are certain financial mistakes that could worsen your financial health. This week, Derrick and Travis are talking with one of Island Savings’ most experienced financial experts, Brad Lesiuk, about how to avoid or escape making a costly financial mistake.  

1:25 Money Problem: When Derrick worked in England, he was faced with the challenge of helping a client clear up a financial mistake and reunite a family. 

4:10 Expert Examination: Travis, Derrick and Brad unearth the most common financial mistake and how you can avoid them: 

• The difference between minor errors and significant mistakes. 
• A common oversight of homeowners. 
• The fall-out from divorce. 
• Investing in the time-share dream. 
• Many ways that relocating impacts your financial plan. 
• How thinking you’re invincible is a financial threat. 
• What to do if you’ve made a financial mistake. 

23:15 Weekly Financial Fix: the holidays are a great time to reset your financial thinking, and Travis challenges you to ponder some useful financial questions. 

If you have an undiagnosed financial concern or want to better understand a financial subject, send Travis and Derrick your question at islandsavings.ca/wealthbeing, or at [email protected], and we will consider it for a future episode.