In the final episode of the fall season, we discuss the areas of your budget you want to avoid cutting down on.  Cutting costs in some areas are more likely to leave you with remorse, and they may surprise you.

Your future self with thank you (3:19)

Where NOT to save: Investing (4:00)

Where NOT to save: Personal insurance (5:42)

Where NOT to save: Personal savings (7:37)

Where NOT to save: Debt Repayment (8:21)

Where you should try and save (10:15)

The happiness equation (11:00)

We discuss three common ways to use your Tax-Free Savings Account (TFSA) and how you can maximize your returns with this tax-advantaged account.

TFSA review (1:28)

Tax free growth: The main TFSA advantage (3:09)

The power of the TFSA: An example (4:44)

How to save with the TFSA: As a savings account (6:43)

How to save with the TFSA: Short term savings (9:48)

How to save with the TFSA: Investing for long term growth (12:46)

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- Episode 110: Savings Accounts and GICs

The Government of Canada has proposed the First Home Savings Account (FSHA) to help you save for your first down payment.

A new (proposed) registered savings account (1:15)

First Home Savings Account (FHSA) (1:57)

FHSA: The best of the RRSP and TFSA (3:59)

What happens to deposits not used for a first home? (5:17)

What’s in the fine print? (7:07)

How does the FHSA integrate with the Home Buyers Plan of the RRSP? (8:25)

Does unused contribution room carry forward? (10:17)

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In this episode, we share our early takeaways from building and launching the new Allied Health Financial platform.

Know your WHY for motivation and guidance (2:32)

Our Why’s (5:15)

Get LOTS of feedback (8:17)

Our revised messaging: The Lite Membership (10:37)

Our revised messaging: The Plus Membership (11:23)

Make small calculated changes (12:48)

Links:

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Prices have come down in most major Canadian markets, but interest rates are (still) on the rise. Is this the right time to get into the real-estate market?

Declining house prices versus rising interest rates (2:09)

Factor Number 1: Decline home prices (2:24)

Factor Number 2: Rising Interest rates (3:49)

Is it less expensive to purchase a home today? No! (4:42)

What if you put down the same down payment? Yes! (6:00)

What if I’m purchasing a less expensive home? No! But it’s closer (8:49)

What if I have a smaller down payment? No! And the effect is larger (10:23)

How do today’s interest rates compare to historically? (11:14)

Key take away points (12:52)

What would we prefer (14:45)

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- 118. Will You Get Burned With a Variable Rate Mortgage?

- 93. The True Cost of Selling Your Home

We're used to the constant fluctuations of the Canadian dollar. But what does this new low mean for your money?

Exciting (personal) news from AHF! (0:55)

What is happening to the Canadian Dollar? (2:04)

Just how much ground has the Canadian dollar lost to the USD? (3:23)

Why has the Canadian dollar dropped (7:13)

How will this impact you? (10:10)

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- Upgrade to the Plus Membership

As of October 6th, retailers can now charge you up to 2.4% when you tap your credit card. Are your points still worth it?

Companies can now pass on credit card fee to consumers (1:32)

How did this come about? (5:12)

What does this mean for your spending? (7:18)

Are high rewards credit cards still worth their fee? (8:29)

 

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Inflation in Canada has been rising at rates we haven't seen in nearly 40 years. Have we reached the peak and what could that mean for interest rate hikes?

What is inflation? (1:57)

Is inflation a bad thing? (3:30)

Has inflation peaked? (5:31)

What does an inflation peak mean for prices and interest rates? (8:42)

Are further rate increases coming? (11:58)

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- Episode 126: What is Shrinkflation and how is it Affecting Your Budget?

- Episode 109: Why is Everything so Expensive?

- Contact Us

Starting to invest is crucial, but where should those early dollars go? These 3 questions will help you determine which is best for your current situation.

Overview of TFSA and RRSP (3:15)

Question 1: What are you saving for? (5:31)

Question 2: What is your income level? (8:21)

Question 3: Do you panic when you see red? (10:54)

Do timelines matter? (12:46)

Resources:

Episode 8: The Registered Retirement Savings Plan (RRSP)

Episode 9: The Tax-Free Savings Account (TFSA)

Episode 54: RRSP vs TFSA - Which Account is Right For You?

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We all make mistakes, especially when we’re starting something new. In this episode, we talk about our biggest money mistakes as new grads so you can learn from our experience and get a head start.

Not organizing our finances and lifestyle creep (1:48)

Avoiding emergency funds (5:17)

Accumulating high-interest debt (7:17)

Hyper-focusing on student loans and waiting to start investing (9:08)

The invincibility problem, waiting to buy disability insurance (13:30)

Resources:

Download the New Grad Handbook

Check out the Financial Planner

Learn more about the Plus Membership

Contact Us