Take a break from the money talk! Join us as we share our latest pop culture favorites, from shows to podcasts and everything in between. Get to know us a bit more while we dive into what’s keeping us entertained these days.

Lindsay talks Love is Blind. Meghan talks about the It Ends with Us controversy.

In the Back to School Money episode, we explore practical financial tips for moms as the new school year kicks off. Tune in for actionable advice to help you save, plan, and make the most of your money during this hectic time of year!

Looking for ways to save money on groceries?  Join Lindsay as she discusses  budget-friendly grocery shopping tips. Learn the importance of planning ahead, simple ways to write your list, and routines that will avoid overspending. Discover how setting a per person budget per week can help you achieve your financial goals. From meal planning to utilizing sales, she provides practical examples to save money. Listen up and start saving!

[00:00:03] Grocery shopping tips for saving money.
[00:01:32] Flexibility and creativity in blended families.
[00:02:57] Limit grocery store trips
[00:04:55] tips and tricks
[00:06:40] shopping with a list.
[00:09:26] Online ordering 
[00:11:41] Make your own bread?
[00:13:33] Budgeting for dietary restrictions
[00:16:41] dont eat your goals
[00:18:29] Cut grocery spending, focus on priorities.

Multiple Income Streams: The Reality Behind the Dream

In this episode, we're diving into the buzzword "income streams." Is it really about sipping margaritas on the beach and making money in your sleep? We'll share our thoughts on what building these streams truly means, why they're important for your financial future, and practical steps to get started. Tune in to get the real scoop and start your journey to financial freedom!

*not advice

When it comes to credit cards, remember: "The house always wins"

Follow Barry Choi on Instragram: Barry Choi (@barry_choi) • Instagram photos and videos

WealthSimple: CLICK HERE

Questrade: CLICK HERE

Banks tend to have the best promos but beware once the promo time is up - they are trash.

Want to try a KOHO card? Try it here and get a $20 Cash Back

Start your emergency fund with EQ Bank. Once you've saved $100 they will give you a BONUS of $20! That's an instant 20% return!!

Something I'm into right now: Sorry We're Stoned Podcast (not money related)

Want to try a KOHO card? Try it here and get a $20 Cash Back

Start your emergency fund with EQ Bank. Once you've saved $100 they will give you a BONUS of $20! That's an instant 20% return!!

...still obsessed with Mount Everest though.

PEOPLE TRYING TO GET RICH QUICK - STAY BROKE LONG 

No matter where you are in the financial journey, youare going to feel embarressed or shamed. You feel embarressed when you are doing well, you feel embarressed when you are having a hard time. 

Go smarter, longer, faster, harder and think more clearly.

In this episode, we dive into Modern Cents with Andrea Thompson, who expertly simplifies complex money matters. Discover how to make financial concepts easy for yourself and your kids, and get practical tips for teaching young ones about money in an engaging way. Whether you're looking to streamline your own finances or raise money-smart children, Andrea's insights will provide you with the tools you need to succeed.

In today’s episode we’re going to break down the 3 best budgeting tools you can use in 2024 to get your finances organized and a plan that actually makes sense for you + your family.

• YNAB 

  • $99/year or $15/mo

• GoodBudget

  • $70/year or $8/mo

• Banking Built in

  • Free (RBC banking - NOMI Insights)

Lindsay - reno

Meghan - enjoy status quo, more date nights + debt reduction strategy 

this is NOT financial advice

Lindsay - predicts more of the same

Meghan - predicts interest rate stabilization, housing pressure,

For 2024 it is more important than ever to setup a system that gets you from where you are right now to where you want to go in the timeline that makes sense for your stage of life and family's preferences. 

Today we are going to talk about how putting your money on autopilot can take stress out of your life, but also add stress if not done correctly. 

3 Finance Stuff Nobody Tells You:

• always take employer matching
• not all debt is bad
• money is meant to be spent

BONUS money is meant to be talked about

Andrew Hallam "Would you spend money on this if no one else was looking?"

https://andrewhallam.com/balance/#

Wealth Advicing Steps: Investing Basics, Cashflow planning, Credit Score Pulse, Tax Free Investing, Real Estate....which is first???

Help talk about it. What 3 steps should come first? 3 of our former guests also contributed:

• Ep 18 Investing Basics with Michelle Hung
• Ep 7 Improve your Credit with Richard Moxley
• Ep 12 Do you need Life Insurance with Alyx Valdal
• YVR Mortgage Broker

Links from Richard Moxley:

•  

  TransUnion Credit Check

  EquiFax Credit Check

LOVE IS BLIND SPOILER ALERT

Aligning money with your partner is so important. Today we go behind the scenes with Love is Blind Izzy and Stacy while they navigate integrating their financial lives when they are very different.

Ep 7: CREDIT SCORE

Natalie and Deepti: Out of the Pods

Is charging rent a valuable lesson in financial responsibility, or does it risk straining the parent-child relationship? In this reflective episode, we gently unpack the considerations and consequences surrounding the decision to introduce financial responsibility within the familial home.

'Tis the season for spreading love and creating cherished memories, and what better way to celebrate than by showering our beloved grandparents with thoughtful gifts? In this episode, we dive into the art of finding the perfect gift for grandparents, offering unique and meaningful suggestions that go beyond the ordinary.

In this episode, we sit down with Michelle Hung, a seasoned investor, educator, CFA, and author, to explore the world of finance, investing, and wealth-building. Michelle shares her expert insights with a dash of sass, making complex financial concepts fun and accessible. Whether you’re just starting out or looking to up your game, this episode will equip you with the knowledge and confidence to take control of your financial future. Get ready for a lively and empowering conversation that will inspire you to build the wealth you deserve!

In this episode, we delve into the exciting realm of real estate as we discuss the recently introduced First Home Saving Plan. Breaking down the key features and benefits of this innovative savings initiative, providing valuable insights for first-time homebuyers navigating the path to homeownership. Tune in!

If financial literacy isn't in your past but you want to break the cycle and make it your current and your kids future financially aware and savvy, join us to a conversation on where to start.

LINKS FROM TODAY'S EPISODE

Gail Vaz-Oxlade's Articles on MoneySense: https://www.moneysense.ca/author/gail-vaz-oxlade/

Tori Dunlap on Financial Feminism & Money Education: https://herfirst100k.com/

Sharing both the feeling of overwhelm as well as our savings tips. Not only is money tight, but also your time currency. 

Lindsay: It's okay to tell your child NO, navigating the social pressures, utilitize Bank Account Budgeting

Meghan: 4 staple gifts per child (something they want, something they need, something to wear, something to read)

Listen to Ep 44: The biggest things stopping you from financial success

Banks can be a real pain in the butt. But can also be an easy resource when you need help. It can be helpful to have a list of tangible questions before meeting with an advisor. But it is also important to know that working with an advisor at the bank may not lead to a long-term relationship as advisors tend to rotate frequently.

Whether you're planning for retirement, managing debt, or investing for the future, join us as we explore the fundamental principles that will empower you to make informed, confident, and financially savvy decisions.

You should always pick a mortgage strategy that works best for you + your family based on your cash flow, goals and budgeting preferences.

But sometimes you don't know what you don't know... so today we break it down + discuss different mortgage payment strategies and the advantages and disadvantages of paying monthly, bi-weekly, or making an extra annual payment. 

Enjoy!!

In this episode Meghan + Lindsay mentioned:

Mortgage Professional Elizabeth Prins:
www.mortgagesbyliz.com
https://www.facebook.com/MortgagesByLiz

Ep 35: Do you need a Money Coach?https://podcasts.apple.com/us/podcast/money-stuff-with-moms/id1665302616?i=1000621909446

Should you focus on savings or paying down your mortgage?

Meghan + Lindsay discuss and emphasized the importance of considering both capacity for risk and appetite for risk when making investment decisions. As well as how important it is to talk about financial strategies with others. Especially if you're in analysis paralysis mode.

Ben Felix "Cash is a terrible long-term investment, even at 5% interest":

https://www.youtube.com/watch?v=KdzOlRRHOU8

Ep 18: Investing Basics with MICHELLE HUNG:

https://podcasts.apple.com/us/podcast/ep-18-investing-basics-with-michelle-hung/id1665302616?i=1000607832457

https://thesassyinvestor.ca/

https://www.instagram.com/thesassyinvestor/

Individual life and disability coverage is better than relying solely on bank-provided policies because it covers more than just mortgages. It also covers critical illness and disability situations where individuals may need income replacement while recovering from sickness or injury. Mortgage insurance is not always the best option for homeowners. 

Ep 4: Interest Rates - what can we do?

https://podcasts.apple.com/us/podcast/ep-4-interest-rates-what-can-we-do/id1665302616?i=1000595637399

Ep 12: Life Insurance 101 - do you NEED it?? w/ Guest: ALYX VALDAL

https://podcasts.apple.com/us/podcast/ep-12-life-insurance-101-do-you-need-it-w-guest-alyx-valdal/id1665302616?i=1000602607206

2023 Report Financial Sustainability of CPP: https://www.cppinvestments.com/the-fund/f2023-annual-report/

Rational Reminder 2019 CPPIB: https://rationalreminder.ca/podcast/52

CPP Numbers (before tax):

• CPP age 60 max $770/mth
• CPP age 65 $1,200/mth
• CPP age 70 $1,700/mth
• The current average CPP at age 65 $700/mth

Today we discuss the biggest things that stop people from achieving financial success. Whether you're a seasoned investor or just starting on your financial path, this episode is a must-listen for anyone seeking to conquer their financial goals.

Links mentioned:

Owen's Plan Easy YouTube https://www.youtube.com/@planeasy

Brace yourself for a deep dive into the volatile world of the stock market. Learn how to navigate crashes, downturns, and economic turbulence to not just survive, but thrive, even in the worst of times.

Plan grocery shopping once a week and order online to keep costs down. Use apps like Flipp to track sales and buy in bulk. Simplicity in meals: Be okay with simplicity in meals, like breakfast for dinner or snacks on a plate, to avoid fast food and expensive takeout.

• Flipp app: https://flipp.com/
• HelloFresh: https://www.hellofresh.ca/
• Hagens salad dressing: http://www.hagensdressing.com/
• Grocery Challenge (starts Sept 18th) Sign up: www.lindsayplumb.com/backtoschoolgrocerychallenge

Clients' grocery costs have increased significantly. Having a specific grocery budget and getting creative with what's already at home can help. 

Links:

Flipp app: https://flipp.com/
Hagens salad dressing: http://www.hagensdressing.com/
Grocery Challenge (starts Sept 18th) Sign up: www.lindsayplumb.com/backtoschoolgrocerychallenge

The idea of retirement might be different but work optional is something many of us strive to. 

Find your estimated CPP amount: https://www.canada.ca/en/services/benefits/publicpensions/cpp/retirement-income-calculator.html

The standard age to start receiving CPP benefits is 65, but you can wait begin your Canada pension plan as early as 60 or as late as 70. It's important to be aware that if you choose to take CPP as soon as you are eligible, you'll experience a reduction of 7.2% for each year prior to turning 65. There's no benefit to wait after age 70 to start receiving the pension.

Retirement saving can be as small is $25/week to give you some consistency and momentum. Everyone that has an RSP matching should participate.

Retirement calculator: https://www.calculator.net/retirement-calculator.html

Join the 5 day Back to School Grocery Challenge: https://www.lindsayplumb.com/backtoschoolgrocerychallenge

Get a KOHO Card, make a purchase over $5 + get $20 FREE: https://web.koho.ca/referral/MMF3Z33M

Should couples combine their finances or keep them separate? This episode sheds light on the various paths couples can take to achieve a balance between togetherness and financial independence.

Fair Play https://www.fairplaylife.com/the-book