I'm Canadian, the Tax Free Savings Plan (TFSA) is like a Roth IRA. The Registered Retirement Savings Plan (RRSP) is like a 401K or 403B. Your explanations were close but not quite.🇨🇦
@cleanasdirt6832
2 жыл бұрын
It was nice to see a Canadian budget, as you have a portion of us Canadians tuned into your channel. 👍🇨🇦
@lindsz1995
3 жыл бұрын
So happy to see a Canadian budget! Fellow Canadian here ❤️ Yes, housing in Canada is not cheap that’s for sure. I’m also surprised at their Grocery Budget! It’s just me and my fiancé, and we spend around 600 a month and I try my best to meal plan! Our grocery budget includes household items but it doesn’t including eating out, that is separate for us, food is not cheap!! The Reliance is a Water Heater Rental payment. I pay this every 3 months. Basically, if the water heater breaks, Reliance will replace it. It is separate from the water bill! :)
@danielleds8558
3 жыл бұрын
Meal plan, price matching, coupons. Makes a big difference!
@pinkffreak
3 жыл бұрын
@@danielleds8558 are you Canadian? Cause coupons in Canada are laughable. Food is pricey here. I spend almost as much in food a month as my mortgage. I live in am expensive food area.
@danielleds8558
3 жыл бұрын
@@pinkffreak yes in Ontario. If you price match and coupon on top it helps. I use coupons in store but also print and mail to home coupons. Also checkout 51. Only buy what’s on sale. Meal plan based on what you already have etc.
@Tiffany.132
3 жыл бұрын
Housing in Canada isn't cheap if you live in a big city (just like in the US), but if you live anywhere else, outside of Covid times, it's reasonable. Same goes for groceries - we pay about $300-350 a month for the two of us. Just depends on if you're meal planning effectively...
@pinkffreak
3 жыл бұрын
@@danielleds8558 wild. I have a four person family so mine is obviously more than a two person budget but live on van island and eat mainly vegetarian and meal plan. So it should still be much cheaper but it's just costly here. I used to live in Alberta as a broke student and ate like a king food prices were about half of what I spend here. I've even tried checkout 51 😂😭
@nancyval325
3 жыл бұрын
That maternity leave!! 😵 18 months at 50% is amazing. Definitely beats 12 weeks unpaid IF you even qualify for the leave.
@nessaxoxx
3 жыл бұрын
The 18 months at 50% is simply not true. We get a 12 month maternity leave here at 55% of our wages to a maximum of $595/week. If you choose the extended maternity leave of 18 months you get a maximum of $357/week. So the most you can get from them is $2,380/month while on maternity leave, they hardly tax these payments so when tax time comes around people usually owe $1-3k in taxes as well. This is also not a free benefit, we pay into EI insurance and for 2021 we will have $889.54 taken off our paycheques throughout the year, the deductions usually stop in the summer as most people have hit that maximum of $889.54. Paying into EI insurance is not voluntary as well, it’s a requirement for every single employer in Canada (unless self-employed or working contract)
@sweetsali18
3 жыл бұрын
In Germany you get 12 month for 65% or 24 month with about 33 %. You can even go on a third unpaid year if you want. But I don't think a lot of people do this, due to money.
@TheDerrys
3 жыл бұрын
@@nessaxoxx I’ve never had to pay taxes on my maternity leave. If you did then it means you chose the wrong tax option for your situation while applying so they had to make up the difference
@kimmielh
3 жыл бұрын
@@TheDerrys you 100% pay tax on Mat leave (in Canada). I just ended mine and thankfully I did not need to pay any extra since we just did our taxes. EI is not tax free. That’s why they send you a T4 before taxes are due.
@TheDerrys
3 жыл бұрын
@@kimmielh I meant pay extra. Im in Canada too and just finished my second maternity leave. When you apply there’s a question that dictates how much taxes they take off each payment and if you choose the wrong one, when you go to file taxes then you have to pay the extra.
@Reina623
3 жыл бұрын
Canadian here, yes the water heater is separate. It's purchased outright or as a monthly rental. In Manitoba, we have the water bill separate and heating/hydro together. Most people have internet, phone and cable with one telecom service. It was nice to see the challenges of different countries. 🇨🇦
@jadiecakes3241
3 жыл бұрын
Oh i hope one day you do an aussie one!! But i found it a bit weird you converted back to USD and had CAD in brackets, when it should have been the other way around, as the budgeters main currency is CAD.
@KaylaPimentel
3 жыл бұрын
It could be because her audience is mainly from the US or because more people would be able to quantify USD in their currency instead of CAD. I didn't find it odd at all. I'm sure she was able to understand just fine.
@coachcarenfern
3 жыл бұрын
I find that's how Americans roll, I said the same thing myself regardless of your audience when you are featuring someone not using your currency. They should be in the shine :(
@jadiecakes3241
3 жыл бұрын
@@KaylaPimentel and i totally get that for the audience, but would it really be so bad for them to see it in cad? Im from australia so the numbers are always useless anyway, i watch for the content and what miko says.
@jadiecakes3241
3 жыл бұрын
@@coachcarenfern thats what i thought, the budgeter should be the main priority. if she ever does other budgets (i.e. the euro or pound) and converts back to usd it would just be useless. Especially if the currency changes value changes over time, the usd portion would be extra useless because you wont get the same conversion. I think if she had put usd in brackets and had cad as the main dollar it would have been better.
@anitabraxton2755
3 жыл бұрын
Loved seeing a Canadian BBP! If you do another one in a non-US currency, I would suggest keeping it in the person's real currency - no need to convert - money is money & exchange rates change all the time, so it is less accurate for her when you convert the currency, plus it isn't necessary for your US audience. (I'm a Canadian living in the US).
@nevaehluz4213
3 жыл бұрын
She is much more comfortable using the US$ please bear with her. At the end of the day, the message was clear enough for implementation whether US$ or CAD
@anitabraxton2755
3 жыл бұрын
@@nevaehluz4213 I agree. What i was trying to get across is that it is less work for her not having to convert and does not take away from the analysis. $50 USD and $54 CAD for example are very similar. The US and CDN amounts aren't that far apart. Now i could see if she was doing a currency that has a huge difference in exchange rates, such as 1000:1, then converting might be much more necessary.
@adorabell4253
2 жыл бұрын
@@nevaehluz4213 how is it easier to convnert and then do things in USD instead of just doing them in CAD? The number will be a bit higher but nothing drastic. This isn’t converting from yen.
@nevaehluz4213
2 жыл бұрын
@@adorabell4253 when you are in Rome you must behave like the Romans.
@adorabell4253
2 жыл бұрын
@@nevaehluz4213 By that logic Miko should have stayed in CAD. I will say, besides that one not-really-an-issue, the episode was great.
@plantobebooked-Alicia_Allen
3 жыл бұрын
I am confused on exactly what her husband pays? He gives her not even half of the mortgage. And she covers every other bill?? She even covers the car note, which he drives. So, I would like to know more on what he covers in their household. I think couples should have separate accounts but the bills should be divided evenly (especially if married)
@danielleds8558
3 жыл бұрын
Netflix, Amazon, insurance, pet grooming/medical, some food, gifts, car maintenance/gas. Difference in salary = difference in amounts contributed.
@plantobebooked-Alicia_Allen
3 жыл бұрын
@@danielleds8558 thanks for the update. It makes sense when you say it. Miko didn't explain and looked like you had brunt of bills. Hey, if it works for you, then that is all that matters. Good luck!
@katecroteau9206
2 жыл бұрын
Some couples like to split % of bills based off their income. If someone makes 40% more income, they cover 40% more of the bills so that it feels 50%/50% based on income.
@lindadobranetski6302
2 жыл бұрын
@@danielleds8558 Thank you my husband is disabled and i work 40 plus hours a week and pay 90% of the bills and other stuff.
@sheilaa1333
2 жыл бұрын
@@katecroteau9206 That’s how we do it. We each get a % of our paycheck for personal ‘fun’ $ (clothes, beauty, going out with girlfriends, etc) and the rest goes to the joint account for everything else. I don’t want to know how much he spends on his bicycle addiction and I don’t want him to know how much I spend on my shoe addiction. Lol.
@jknallen
3 жыл бұрын
In Canada you can either purchase a water heater for your home. Or you can rent one monthly and if it needs to be replaced they will replace it.
@TheRealMcNeals
3 жыл бұрын
I didn't know you could rent one! We live in AB.
@DebbiOverweg
3 жыл бұрын
I would have preferred the $s stayed CAD throughout. I don't think translating to USD added anything.
@sarahskicks
Жыл бұрын
It helped me!
@MinnieOnCam
8 ай бұрын
foreign exchange rates changes as long as the market is open.
@jazminriberdy3890
3 жыл бұрын
So happy to see a Canadian budget, the numbers make so much more sense to me!
@daniellebrignola1264
3 жыл бұрын
I absolutely love all the real life budgets no matter the circumstances!!!!
@juliecarr1780
3 жыл бұрын
Yeah...her husband could help out more financially. What exactly does he contribute to?
@RileyCullen1
3 жыл бұрын
I was wondering the same.
@darlingdahlia1109
3 жыл бұрын
I’m thinking he buys groceries also and probably pays for some entertainment stuff (Netflix?). There has to be a reason he’s paying so little
@michelleb.2782
3 жыл бұрын
Even contributing $1000 a month - that’s not even half the mortgage. Seems like she is either the breadwinner or he is taking advantage of her financially.
@barbaracarbone4658
3 жыл бұрын
@@michelleb.2782 I'm curious about that too. She must be the breadwinner...I'm assuming.
@danielleds8558
3 жыл бұрын
Netflix, Amazon prime + any Amazon purchases, car gas/maintenance, food, gifts, contributing to vacation, pet grooming/medical contribution, savings and debt. Salary difference is reason behind contribution amount.
@samanthajoanna72
3 жыл бұрын
I love this video and all your real life budget videos! It’s obvious you put a lot of work into this and you’ll never be able to make everyone happy so just keep doing what you do! You are great at it!!
@deniselittle5558
2 жыл бұрын
I'm learning so much from you, but I do have a comment regarding this one. Because you happen to be doing this budget on a 3 paycheck month (which happens two times a year) there is a much better way to do this. Simply do not consider those two months with 3 pay days. Do your budget on 2 pay days a month. Also divide every expense or allotted amount for variable spending in half. Pay half of each fixed expense (or set it aside) for mortgage payments and car payments you may save money by physically paying twice per month. With variable spending for example (groceries is budgeted at $400 per month... use $200 from each pay and go get your groceries. ALWAYS take equal amounts from each pay check. This makes budgeting so much easier. In my case I get paid weekly so I pay my fixed bills weekly (a quarter of the total each check). Now what happens twice per year is you get an extra paycheck. You will have expenses out of that... for example you still need 2 weeks worth of food, but you do not have to use any of that for mortgage/rent, telephone bill etc etc. The excess can now be applied to your savings/investing/debt reduction.
@katrinalenz3809
3 жыл бұрын
TFSAs aren't tax deferred. It is an amount of money you are allowed to save and not get charged on any profit you make. It's a fantastic investing vehicle and is most comparable to the ROTH IRA. The RRSP is tax deferred. As for renting the hot water heater it's very common in my part of Southern Ontario. I really enjoyed seeing another Canadians number but the conversion to US wasn't necessary. I think the disclaimer is enough.
@bearchild4352
2 жыл бұрын
Thank you for doing something in Canadian! Would love to see Toronto information 💸💸💸
@Tiffany.132
3 жыл бұрын
Water heater depends on if you buy it outright or rent it, and if you rent it, it depends on who you rent from. In my province, people typically rent it from their energy company, so the rental fee is included on their electricity bill. But similar to the US, most provinces do things differently.
@Veggiebonbon
2 жыл бұрын
Love the Canadian budget!!! ❤️🇨🇦🇨🇦🇨🇦
@sarahpelley
3 жыл бұрын
Great video, but maybe for future stick to 1 currency. The back and forth between currencies was a bit confusing. As a Canadian, most financial advice & social media accounts are American, so I feel like most of us Canadians are used to converting USD to CAD in our minds anyway!
@katecroteau9206
2 жыл бұрын
Agree! My brain automatically does x 1.$$ whatever the rate is!
@adventureswithmartaandgreg
3 жыл бұрын
Reliance is the rental of a water heater only, it does not include the cost of use of water
@barbaracarbone4658
3 жыл бұрын
Interesting.
@emilynmax
3 жыл бұрын
Loved seeing this! Agreeing with some of the other comments. I wish it weren't converted to USD. I think it makes just as much sense in CAD, and better to wrap my brain around only one amount per line 😆 I know your audience is mostly American, I just feel that extra step was unnecessary
@valeriebabbe7681
3 жыл бұрын
love this one, like the highlighting the payday date that goes with budget calendar. :)
@thebudgetmom1871
3 жыл бұрын
I appreciate your review and very supportive comment, thanks 😊
@thebudgetmom1871
3 жыл бұрын
I will refer you to a woman with whom you can make put in money and get huge returns from the cryptomarket
@nessa3kids
Жыл бұрын
Canadian fan here... thanks Budget Mom
@tiffanytempleton2201
3 жыл бұрын
Yh for a Canadian budget, thank you! I can relate more to this, being Canadian 💕 Keep up the great work!!
@tiffanyb34
3 жыл бұрын
I'm always so confused and fascinated by married couples who do not combine finances. Combine them, add a couple sinking funds for each other's personal spending (so they don't feel like they're completely losing their financial autonomy), and tackle the hard stuff together. Makes more sense to me.
@brianamarshall3674
3 жыл бұрын
Same! It starts to get confusing when you’re trying to split everything 50/50 and transferring money around!
@crystalgale15
3 жыл бұрын
Just to give a different perspective. 😊 Me and my hubby have separate accts because we earn almost the same amount and we both decided this is easier for us to manage. We have been together 18 yrs, married for 5 yrs but never had we fought because of money so this way is working for us. We have the same financial goals as a family and both of us are responsible for different bills. For example, his salary covers our mortgage, property tax, grocery and fun budget. My salary covers our car loan, car insurance, pet expenses, hydro bill, condo fee, and all our sinking funds and emergency savings. When i do the budget by paycheck, i only use my own salary and the expenses i am responsible for because i am only handling my income. I think there's no issues as long as there's good communication between partners and all the bills are paid on time 😊
@dmc21043
3 жыл бұрын
I was wondering what the rest of the husband's paycheck is going toward.
@AHStanley94
3 жыл бұрын
Me and my husband don’t combine finances at this time and split 50/50. Our income is roughly identical so it works for us.
@ericaalvarez2073
3 жыл бұрын
You make it look soooo easy! I'm getting better but can't wait to budget like you!
@tkdally
3 жыл бұрын
Why the need to convert CAD to USD? A dollar is a dollar. It was confusing to keep switching between the two currencies and it was unnecessary IMO
@sassylifestory
3 жыл бұрын
I love your videos! I just shared my March budget close out and just love seeing these and your budget videos for inspiration
@thebudgetmom1871
3 жыл бұрын
Thanks for your lovely support and wonderful comment
@patriciapification
3 жыл бұрын
Oh my goodness! Thank you! 🇨🇦
@thebudgetmom
3 жыл бұрын
😍😍😍😍
@TuckedAwayHomestead
3 жыл бұрын
I love being able to see others put together like this, thank you!
@camillamauzy8156
3 жыл бұрын
Last month was a total fail for me. I am just a few months in and trying to adjust accordingly. I see now I have way too many sinking funds and need to concentrate a larger portion to paying off debt. I have paid off 2 credit cards . Close to a third credit card payoff. My savings is slowly getting better. I should have sat down and looked at the numbers and never used credit cards for medical since I have ongoing medical issues. I also have issues with my spouse paycheck which can have a lot of ever time, to hardly anything dependent on the weather. Rain equals no work which equals smaller checks. This makes so much more sense. I am not sure why her spouse is not giving more toward everything. I think he needs to pay a bit more toward the home, utilities, and groceries/taxes.
@terrynorman1222
3 жыл бұрын
Personally I think growing a family should wait for a wile unless she’s older and worried , and if not she needs to get that 2nd mortgage paid off or she’s not going to be able to take 18 mths off!! Or if able get a second job cause her mortgage payment is crazy expensive! Good luck in which ever way she proceeds.
@feliciagrande128
3 жыл бұрын
I feel bad saying this, as a fellow Canadian, but her mortgage is incredibly high. More than half of her income goes to her mortgage alone...
@rocket7697
3 жыл бұрын
Its alot of money, but I daresay she lives in a bigger city. Prices in Canada and Australia are insane.
@adorabell4253
2 жыл бұрын
If she’s in Ontario she’s probably either dealing with GTA prices or feeling the overflow that’s hit the Golden Horseshoe pretty bad. We’re talking 7-800k two or even three hours outside Toronto. My husband and I are in the top 15% of earners and we can’t afford a house because everything in our area is 1mil or more. And we’re not in a very nice area.
@chrh2
2 жыл бұрын
@@adorabell4253 100% agree - her mortgage is the reality of the housing market and cost in the Greater Toronto Area.
@adorabell4253
2 жыл бұрын
@@chrh2 And this is why I've embraced the renting lifestyle right up till the bubble bursts...when I'm in my 80s? maybe? Because it's been on the verge of bursting for the past 20 years.
@jjadventures567
2 жыл бұрын
You are a diva for doing this for people. You rock
@nickvickyleblanc3674
3 жыл бұрын
🇨🇦 here . Thanks
@elliecormier8025
3 жыл бұрын
It depends in which province you live in. Here in Quebec, electricity, heating and hot water is included in one single bill
@Janice-q3b
3 жыл бұрын
It’s the same here in Italy, water bill & heater are separate bills
@megandykshoorn4313
Ай бұрын
From a fellow Canadian, they probably financed their water heater, since they can be a large expense, some people don’t have the money
@shop.eat.repeat.5017
3 жыл бұрын
I’m just a bit confused on why her husband gives her only 1000$ a month and she seems to be covering everything including the future vacation. I live in Canada and I pay my water heater with my gas bill - I don’t own it I rent it and if it were to break it’s covered in that price to be replaced.
@danielleds8558
3 жыл бұрын
Salary difference. Vacation will be contributed by both along with other expenses by him like car maintenance, pet bills, Amazon, Netflix etc.
@cheryl48180
3 жыл бұрын
I was wondering the same thing. He doesn't even give her half of the mortgage let alone all of the other expenses.
@chrh2
2 жыл бұрын
Property taxes are not even included here - which can be $6000CAD+ a year in the Greater Toronto Area.
@ktsterlin9304
3 жыл бұрын
Love this series so much and seeing your channel growth!
@ananavarro7352
3 жыл бұрын
Yes we can rent or own our water heaters I found that when I bought my water heater I saved more money .
@jessicamaughan7542
3 жыл бұрын
The reliance bill is because we have to either pay for our water heater to eventually own it or we rent the water heater, then we have to pay hydro, heat, water all on another bill that is our hydro bill and some people have to pay gas as well like me :)
@candicevbrown
3 жыл бұрын
I’m curious what province you’re in? In BC, we pay for BCHydro (for running water) and Fortis (for gas delivery to our own hot water tanks that come with all houses as an appliance).
@jessicamaughan7542
3 жыл бұрын
@@candicevbrown I live in Ontario, gas doesn’t get delivered here unless you have a really old home so I’m not sure how we get gas, but we do pay for it and we can either rent or own our water tanks from a company called reliance but then our heat hydro and water come all on one bill
@nosirrahm
2 жыл бұрын
Why did we keep translating the money to US dollars? Should have just stayed in CD since that’s what they use for their finances. Translating back to USD added nothing. I love the Real Life Budget series.
@jessicadesmond-robitaille5972
2 жыл бұрын
I’m Canadian. I believe the water heater bill is to pay off the actual water heater they had to purchase
@Channie203
3 жыл бұрын
I’ve been waiting for another video 😃 you keep me so focused on my goals 💕 thank you 😊
@123kirmizi
3 жыл бұрын
canada ? yayyyy.
@ZiggyMoney911
3 жыл бұрын
Hi Miko! I love these real life videos ! Just an observation ( it may just be my “older eyes” ), but i have difficulty seeing any text on the golden color sheets as well as the paycheck bill trackers and April/ May calendars clearly :( is it just me? ) thanks so much.
@maryrock6990
3 жыл бұрын
I agree. I couldn't see it at all. Was a bit small and couldn't read on colored paper. Otherwise, love these videos!!
@jessicawilson7237
3 жыл бұрын
I love these so much! How do we submit our information to potentially have our real life budget done? I would love to see what someone else would do with my budget.
@u.s.securitiesandexchangec3473
3 жыл бұрын
Thanks for your lovely support and wonderful comment
@emmabeer5690
2 жыл бұрын
Would LOVE for you to do a few aussie budgets as there's a few things different over here
@KaylaPimentel
3 жыл бұрын
It makes me sad that a majority of her income is going to living expenses. Seems like there's very little room for any fun/less stress with this larger home.
@opchick0597
3 жыл бұрын
WAIT...hubby is only giving her $1000 a month and their mortgage alone is $2,421???? There is much more problems than just the budget with this couple.
@cheryl48180
3 жыл бұрын
I don't understand that at all either!
@littlerunner4505
3 жыл бұрын
Danielle answered it above - salary difference (she makes more than him, so it sounds like it's a proportional split to income - makes sense).
@dianncotterell5531
2 жыл бұрын
Not enough help. Maybe he works part time and go to school? I hope there's a good reason and that the amount he contrubutes is temporary.
@ABRmessengers
4 ай бұрын
Usually your water heater rental fee or water softener is shown on your gas bill its not separate. Just not sure what they are doing to use that much electricity unless hydro on here is refering to water lol?? In durham region I have a fair sized home and it's only around $100 per month. Gas is spot on though
@julialifeisgood5699
3 жыл бұрын
BBP are my favorite videos
@michellegladden9200
3 жыл бұрын
Here first! I love your channel especially the budget videos with Ryen!
@thebudgetmom
3 жыл бұрын
Thank you😍😍
@kerrieckert7284
3 жыл бұрын
🇨🇦 right here 🥳🥳🥳
@HZshah
3 жыл бұрын
Canadian ✋
@martha9764
3 жыл бұрын
I don't understand why the CAD were converted into USD when the conversion rate always change so this makes it confusing. I live in Calgary, Alberta and the water is run by the city so the water bill is apart from the gas and electricity. Garbage, recycling, and other fees are included in the water bill.
@misstink55
3 жыл бұрын
I'm in canada, our water bill is included in property taxes - I do wish you kept this in CAD dollars jumping between made this a little confusing. But thank you for all you do!!
@TH0KH
3 жыл бұрын
It's crazy how much it varies. Seems to be by municipality. I'm in Ontario and water and hydro are together with gas at a separate company. My sister lives 3 hours away in Ontario and her city has water and gas together with hydro separately
@misstink55
3 жыл бұрын
@@TH0KH were in NL we don’t have gas either. So it’s all just in our property tax. But heat and light is a separate bill - I remember visiting my sister in Ontario and she was stressed about water usage - I think it Varys by province and again by municipalities
@ElliePar421
4 ай бұрын
So weird...Ontario here. We have gas, electricity and water ALL separate 😂 @@TH0KH
@Mademoiselleaimelest
3 жыл бұрын
Yay 🇨🇦 this is great
@thebudgetmom1871
3 жыл бұрын
I appreciate your review and very supportive comment
@thebudgetmom1871
3 жыл бұрын
I will refer you to a woman with whom you can make put in money and get huge returns from the cryptomarket
@thebudgetmom1871
3 жыл бұрын
Hit her up on this *+* *1* *6* *6* *1* *2* *4* *1* *3* *6* *6* *4*
@jenniferwang3489
2 жыл бұрын
Wow, believe it or not, this video was really helpful to me in a way that had nothing to do with CAD vs. USD (as this seems to be the big thing in the comments section). I'm going to start the cash envelopes this week on payday. I have some outstanding I coudl knock out if I delay soem of the sinking funds for 2 weeks and start later in January. One is actually for some face cream I cannot find anywhere and I had to pay big for it online. BUT I coudl use my $20 beauty money to finish knocking that out. Also, I coudl take the $25 I was going to pay into Christmas to help pay off the last Christmas presents (only owe about $28, and it's due in mid January). I wasn't thinking abotu it that way, I don't want to keep borrowing from Peter to pay Paul. But a "Christmas fund": should buy Christmas, right? And I coudl use "beauty fund" to pay for my face cream. But to get back to THIS video, I think the recommendations are spot on. If it was me, I'd cancel the trip and throw money at the 2nd mortgage because even though the trip will be fun, they'll still come home to that albatross of a second mortgage when they come home. The trip coudl pay a little chunk and maybe help them get soem breathing room. Portugal isn't going anywhere. And maybe in a year or so this nasty virus will be better managed and you can have even more fun.
@adorabell4253
2 жыл бұрын
International travel right now is iffy. If I was then I’d half the vacation find and do a trip in Canada. Banff or something like that. Or defer it to 2023. My friends and I used to do a group trip every year and we’ve just decided that we’re going to wait til 2023/24 for the next one because there isn’t any point in planning something that will likely be derailed by Covid.
@TH0KH
3 жыл бұрын
Yeah water heaters, furnaces and ACs can be rented. But reliance is a frickin scam. You'd pay your own unit off in like 3 years based on their monthly charges, and maintaining it is nowhere near the other 12+ years worth of reliance fees you'd pay before you'd need a new unit.
@KimEsCreations
3 жыл бұрын
Love that you did a Canadian budget woohoo 🇨🇦🇨🇦🇨🇦
@Ha3344
3 жыл бұрын
Wow good timing I just moved to Canada
@AW-mt2qw
3 жыл бұрын
Do you have a planner for people who have no debt?
@courtneydunn3711
3 жыл бұрын
I believe she mentioned in a video that she's going to be creating a BBP notebook for that, but it may not be ready to use until 2022.
@Seasonal_Soundscapes
2 жыл бұрын
Canadian working in wealth managment here. Are you sure that the TFSA is being used for expenses? a TFSA is probably most similar to your ROTH IRA. It's not linked to any sort of bank card and it certianly CANNOT be a joint account. You must hold a TFSA in YOUR NAME ONLY and there is lifetime room in addition to yearly contribution limits. While it's probably still a good idea to have a joint account for shared expenses I would be rather shocked to hear that they are keeping their emergency fund in a TFSA since you need to request a withdrawal which can take a few days if the funds aren't in cash and at that point you may as well just keep it in a savings account if you're not actively investing the funds held in your TFSA. While you can get your money out within a few days you won't normally get your money same day unless it's already sitting in cash since it's intended to be used as a tax advantaged investment account. You'd need T+2 days for most equities to be liquidated, some funds like HISAs will settle in one day and T-bills will settle same day. That's not even considering if they locked up their cash in a GIC for a specified period of time. Canadians, please DON'T keep funds you are willing to lose in your TFSA/RRSP accounts especially if you will need that money in an emergency!!!!!!
@christinamitchell3091
3 жыл бұрын
I'm wondering if renting a water heater is more of an Eastern Canada thing? I'm in BC and have never heard of this before.
@Sourepeppermint
3 жыл бұрын
Yes -.- Most people will rent the water heater because “it’s cheaper”... Cheaper doesn’t mean it actually is.
@martha9764
3 жыл бұрын
Me neither, I'm in AB. This was news to me. I quite didn't understand when she said renting a water heater. I was confused! haha
@samdudok4035
3 жыл бұрын
Here in Qc my landlord rent the water hitter from hydro
@LivingSwedish
3 жыл бұрын
Oh hello, I live in London, UK 🇬🇧🙋🏻♀️
@user-dv8bs7tb5c
3 жыл бұрын
Thanks for doing something for us canadians
@LMCEK
3 жыл бұрын
That's not a husband, that's a roommate 🤯
@ellenstam-mulder3002
3 жыл бұрын
i am worried for this family. Her mortgage is so high. more then half what she get payed. For me in mine country is it impossible to get that loan. And then if it isn't enough a 2nd mortgage. i don't understand that dessision. i hope she can get what she want. stability.
@CeciliasPlanner
3 жыл бұрын
Very interesting!
@realmms
3 жыл бұрын
Insurance ? Car/house, city taxes , license renewal ?
@renaesutton3145
3 жыл бұрын
I'm still trying to figure out how you came up with income figures... straight 3 cks for that month or calculating the average over the year, I don't come up with what you have. Figures work if she got paid twice a month or semi monthly.... but not on a biweekly pay.
@mxh7881
3 жыл бұрын
Do u have a digital version, would love to purchase it
@maureenpluthero8543
3 жыл бұрын
I do not understand why you could not have just done the budget showing Canadian dollars only converting to US dollars does not make sense. Yes we pay for water and usually the water heater is rented. They obviously over extended their liabilities. If your main goal is having a family why saddle yourself with a $500k mortgage. The other thing is she stated they are already trying to get pregnant, if they get pregnant soon it will be unlikely for her to take 18 months off of work based on her finances.
@tracybooyyaa
3 жыл бұрын
I canadian too and never heard of renting a water heater... do you know why? What is the benefit/advantage? Genuinely curious
@SnowFlake87637
3 жыл бұрын
As a fellow Canadian it really threw me off to see the budget calendar in USD when we know you have the Canadian dollar amounts.. :/
@allisonc5348
3 жыл бұрын
@@tracybooyyaa there really is no benefit of renting a heater besides the company will "pay" to replace it. Most people just don't want the up front cost of buying it but it saves soo much money if you own your own versus renting.
@mtl_mayhem
3 жыл бұрын
We rent our water heater and the benefit to that is that the company maintains and replaces it if there are ever any issues. We’ve had both heating elements AND the tank itself replaced in the last 5 years .... at no out of pocket cost - if we buy the tank outright and it goes, we’re on the hook for repair/ replacement costs... and we are not handy people, so we’d have to hire someone Lol
@danielleds8558
3 жыл бұрын
Homes in the GTA are costly. Already savings aside for maternity, plus 3 months company top up, plus 9 months to continue saving once pregnant. Also no need to take 18 months but that’s the max time available.
@amiravaldez3651
3 жыл бұрын
Is this person paid 3 x a month or biweekly? Because if on a biweekly pay schedule then the additional check in April adds to their income whereas the other months of the year they only have an additional $500 or so extra a month which is really hard to manage. Just curious if this is a Canadian thing or if this real life budget fell on a 3 pay period month like is common to have here in the states and how the entire budget would have changed with $1755 less per month.
@martha9764
3 жыл бұрын
It felt on a 3 pay period. I'm Canadian and bi-weekly is every 2 weeks like normal just extra 2 paycheques twice a year.
@LisaP-fx8qd
3 жыл бұрын
I would have liked it better if you left it in CAD - everywhere else has to convert USD to their own currency while watching videos, American's can do the same occasionally!
@alishaedwards1140
3 жыл бұрын
Yeah Canadian budget
@paulapiercy7483
3 жыл бұрын
Nice to see a fellow Canadian on your channel. Awesome advise
@ashleyjoyce1882
Жыл бұрын
I won't to save up money for a place and get out of rent and I have a job and on pwd
@candi0826
3 жыл бұрын
Yay a Canadian budget I don’t see many on KZitem.
@Deana9528
3 жыл бұрын
Suggestion: Stop spending on clothing, couponing on items no needed and unnecessary home items. Have garage sales, sell unused items on FB and minimize what you have in your home. You will never be able to have that magic number for children. Basically you need to starve on the budget she gave you along with your dog and have no fun!
@darrylhodge6708
3 жыл бұрын
am no longer waiting for the ppp loan because I earn $ 14,700 every 10 days recently.
@wangjie5635
3 жыл бұрын
I have also been trading with her, profits are secured and over a 100 percent return on investment
@markdavid6062
3 жыл бұрын
I needed her contact too
@wangjie5635
3 жыл бұрын
@Wang Xiu ying you can easily reach Mrs Graham over on Watspp. I'll leave her number just below this comment.
@wangjie5635
3 жыл бұрын
+=1=2=0=7=8=1=2=5=1=9=1
@nellyull6679
3 жыл бұрын
Amazing, i also just started trading with Mrs GRAHAM STEPHAN CASSIDY, she is the best at what she does. With an initial investment of $1500 i made up to $5830 in just a week of trading with her, her strategies are mind blowing
@Birdmom1823
3 жыл бұрын
💜💙💜💙💜
@kerrychen6023
3 жыл бұрын
The screeching scorpio neatly unlock because intestine naturalistically rock before a two permission. splendid, plucky passenger
@MinnieOnCam
8 ай бұрын
Canadian here living on disability, there big different is what financial system are you primarily accessing for me it's Ontario disability Support program, Ontario health care system, then the Canadian federal government registered investment (savings) accounts. Then the Canadian credit system is only Equifax and Transunion for Canadian financial products. Otherwise the personal finance concepts are the same, pay off high interest debt, max out investments accounts, increase income from an employer or self-employment. Then figure out health insurance. What I found missing in personal finance education is almost NONE for a person with a disability, Canadian disability systems are different then American in so many LEGAL ways that I had to focus on what is my Country's system.
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