Money Talk with May

In this episode of Money Talk, we dive into one of the most crucial financial topics for young adults: credit card debt. If you're in your early twenties and navigating credit for the first time, this conversation is for you. We explore why so many people fall into the trap of minimum payments, how interest quietly grows debt in the background, and what really happens when accounts go to collectio...

In this episode of Money Talk with May , we dive into a conversation with an 18-year-old who’s kicking off her financial journey early. We’ll talk about what inspired her to start thinking about money at such a young age, the first steps she’s taking, and how anyone—no matter their age—can benefit from starting small and thinking ahead. What You’ll Learn: Why starting a financial journey in your t...

We all dream about hitting that million-dollar mark, but let’s be real—$10,000 is actually the real game changer. In this episode of Money Talk with May , we’re talking about why this milestone is way more powerful than you think. Hitting $10K isn’t just about the number—it’s about what it does for your life. It gives you breathing room in emergencies, helps you break free from debt, and boosts yo...

In this episode of Money Talk with May , we’re diving into a strategy that’s often misunderstood: withdrawing from your RRSP before retirement. Is it ever a good idea? How can you avoid unnecessary taxes while making the most of your savings? We’ll explore the pros and cons of early RRSP withdrawals, how Canada’s progressive tax system impacts your decisions, and the importance of finding that swe...

Tax season is here, and in this episode of Money Talk with May , we’re diving into the incredible tax advantages of RRSPs. Learn how RRSP contributions can reduce your taxable income, boost your tax refund, and set you up for financial success both now and in retirement. I’ll explain the power of tax-deferred growth, how to strategically use the RRSP deadline to your advantage, and why reinvesting...

In this episode of Money Talk with May , I explore the myth that financial planning is only for the wealthy or those nearing retirement. I break down why financial planning is crucial for everyone—no matter your income level or stage of life—and how it can provide peace of mind and set you up for success. Together, we tackle the step-by-step process of building your "financial house," starting wit...

In this episode of Money Talk with May , we dive into the biggest financial mistakes to avoid in your 20s and how to set yourself up for success. From budgeting effectively and prioritizing savings to tackling student loans and resisting impulse spending, I share practical tips and personal insights on building a solid financial foundation. We also discuss the power of starting to invest early and...