Money Stuff With Moms

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 frequent...

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 +...

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% in...

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://p...

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        

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...

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...

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

We explore simple and easy tax considerations. Whether you haven't filed yet and it's on your To Do list - or are already planning for next tax season, join us to chat about how to optimize deductions, claim credits + make tax time stress-free.

Budgeting for kids is overwhelming. Mom guilt. Sports. Kids activities. Let's talk about it.  

Setting up a solid financial foundation is the key to successful investments. Every decision you make has tax implications that must be considered and analyzed carefully. Real estate investing is great but it can also be a big challenge for those that already have financial issues.  Summary: This week's episode is a refreshing change where we turn the table and become the guest rather than the hos...

🎙️Summary:  In this episode of 'Investments you should have' podcast, Megan and I go into the world of investment products, with a focus on mutual funds and GICs.. We explore the basics of mutual funds, their fees, and how they differ from exchange-traded funds. Additionally, we discuss the value of fees, the importance of finding the right fit with a financial advisor, and the changing landscape...

The episode you've all been waiting for... who is smarter? Lindsay or Meghan? Money Coach vs. Financial Planner

Summary:  In this episode of the Money Stuff with Moms podcast, discuss how much money is enough money and the notion that Future YOU needs money too! We explore different perspectives based on our experiences and the clients we work with. How much money is enough money is personal, and finding your own answer involves self-reflection, open conversations, and careful financial planning   Chapters:...

Explore creative ways to generate income and shift your mindset so that you are designing the path that includes wealth building strategies that are in alignment with your goals. More income does allow for more choices  LINKS:  Black is the New Red: THE place to have Canadian money conversations! www.facebook.com/groups/blackisthenewred   SHOUTOUT: Have you thought about buying a rental property?...

When you are saving money for something specific what is the best way to do this? Savings? Promo rates? TFSA? what's best?

We chat about an essential concept that is often overlooked. Let's hit reset and go over our top 3 tips to guide decisions, investment strategies, and stress less about money. 

We chat about different strategies to hit reset and get more organized and streamlined with your money.

Let' talk about car payments. For many Canadian's having a vehicle is a necessity and can become a significant part of a budget, the importance of buying a reliable car and prioritizing financial goals.