Great Canadian Piggybank

Christi Rae
  • 5.0 (1)
  • KIDS & FAMILY
  • UPDATED WEEKLY

Most Canadian parents want to teach their kids about money—but don’t always know where to start. Financial professionals often talk over our heads. School often doesn’t cover finances. And parenting is already busy and overwhelming This podcast was created to meet parents where they are—with empathy, clarity, and no shame. It’s about learning together, one simple idea at a time.

  1. Fair vs Equal: Inheritance, Blended Families, and Preventing Conflict | Eli The Money Guy

    5D AGO

    Fair vs Equal: Inheritance, Blended Families, and Preventing Conflict | Eli The Money Guy

    Inheritance is one of the most emotionally charged topics in family life, especially when families aren’t simple. In this episode, Eli explores what happens when wills aren’t equal, focusing on blended families, step-children, second marriages, and situations where “fair” doesn’t always mean “equal.” You’ll learn how unequal inheritances can create conflict, why silence around estate decisions often causes more harm than the decisions themselves, and how thoughtful planning and clear communication can protect relationships, not just assets. This episode is for parents and caregivers who want to make intentional choices, reduce the risk of family rifts, and understand how to structure a will that reflects their values while minimizing confusion and resentment. Show Links:Website  upfinancial.caYoutube: www.youtube.com/@elithemoneyguyTik Tok  tiktok.com/@elithemoneyguyInstagram  instagram.com/elithemoneyguyFacebook  facebook.com/upfinancial.  Chapters List:00:00 Navigating Inheritance: Fairness vs. Equality 02:46 The Emotional Landscape of Inheritance 05:13 Supporting Children with Different Needs 07:10 Communication: The Key to Family Harmony 08:46 Blended Families and Inheritance Challenges 11:19 Cultural Perspectives on Inheritance 13:49 Giving with a Warm Hand vs. Cold Hand 14:03 The Consequences of Inaction 15:44 Tools for Smooth Inheritance Distribution 18:05 Taking Action: First Steps for Parents

    20 min
  2. Wills & Estate Planning for Parents: The Basics You Can’t Ignore | Eli The Money Guy

    FEB 17

    Wills & Estate Planning for Parents: The Basics You Can’t Ignore | Eli The Money Guy

    Wills and estates can sound intimidating—but they don’t have to be. In this episode, Eli breaks down the basics of what a will actually is, what an estate includes, and why having a plan matters more than most families realize. You’ll learn what happens if you don’t have a will, the key decisions every will should cover, and the common misconceptions that stop people from getting started. This episode is about understanding the foundation—so you can make informed, confident choices that protect the people you care about. Whether you’re just starting to think about estate planning or putting it off because it feels overwhelming, this conversation makes the essentials clear, practical, and approachable. Show Links: Website  ⁠upfinancial.ca⁠ Youtube: ⁠www.youtube.com/@elithemoneyguy⁠ TikTok  ⁠tiktok.com/@elithemoneyguy⁠ Instagram  ⁠instagram.com/elithemoneyguy⁠ Facebook  ⁠facebook.com/upfinancial⁠ Chapters List: 00:00 Navigating Financial Support for Kids 00:32 Understanding Trusts and Estate Planning 04:03 Informal vs. Formal Trusts 07:40 Balancing Support and Independence 10:22 Planning Inheritance: When and How? 11:32 Guardianship and Child Welfare 12:41 Understanding TFSAs and RESPs 14:07 Gifting: Now vs. Later 15:45 Supporting Adult Children Financially 17:22 Instilling Financial Values in Children

    20 min
  3. The Sandwich Generation Survival Guide: Boundaries, Budgets, and Guilt | Parween Mander

    FEB 10

    The Sandwich Generation Survival Guide: Boundaries, Budgets, and Guilt | Parween Mander

    The sandwich generation is exhausted—and for many immigrant and first-generation Canadian families, the pressure runs even deeper. In this episode, Christi Rae sits down with Parween Mander (The Wealthy Wolfe) to create a practical, compassionate survival guide for parents caught between supporting aging parents, raising financially resilient kids, and trying not to sacrifice their own retirement in the process. This conversation goes beyond budgets and spreadsheets to address the real drivers of stress: money guilt, cultural expectations, scarcity mindset, and the emotional burden, often carried by eldest daughters, to be the family’s financial anchor. You’ll learn: How to set financial boundaries with parents without feeling like you’re abandoning them Why balancing support, savings, and retirement is essential to breaking cycles of scarcity How to raise cycle-breaking kids without passing down money trauma What it really means to move from survival mode to financial safety This episode is a reminder that protecting your financial future isn’t selfish, it’s how long-term care for your family actually becomes possible.Ideal for: sandwich-generation parents, immigrant families, first-generation Canadians, and anyone navigating money, boundaries, and guilt Show Links: Website: TheWealthyWolfe.ca Instagram: @parween.mander TikTok: @parweenmoneycoach Chapter List: 00:00 Navigating Financial Pressures in Immigrant Families 02:51 Setting Financial Boundaries with Parents 05:55 Breaking the Cycle of Financial Scarcity 08:38 Teaching Kids About Money Without Trauma 11:38 Balancing Family Support and Personal Financial Goals 14:38 Understanding Collectivist vs. Individualist Cultures 16:43 Shifting from Survival Mode to Safety Mode 19:22 The Journey of a Financial Counselor

    20 min
  4. Which Account Should You Open First? TFSA vs RRSP vs FHSA | Toby Manson

    FEB 3

    Which Account Should You Open First? TFSA vs RRSP vs FHSA | Toby Manson

    Confused about where to start with your investments? In this episode, Christi Rae sits down with Toby Manson, CPA and certified financial planner with IG Wealth, to break down Canada’s key savings accounts: TFSA, RRSP, and FHSA. Learn which account to open first, when to start contributing to an RRSP, and how the FHSA can help first-time homebuyers. Perfect for beginners, young adults, and parents who want to raise money-smart kids. This episode gives you the confidence and language to take control of your finances, one step at a time. Chapter List: 00:00 Introduction to Financial Literacy for Parents 00:48 Understanding TFSA, RRSP, and FHSA 02:51 Tax Benefits of Registered Accounts 05:11 Choosing the Right Account for Young Adults 07:11 Transitioning from TFSA to RRSP 07:43 Overcoming Financial Intimidation 08:51 Navigating DIY Investing vs. Financial Planning 10:20 Understanding Financial Planning for Beginners 11:35 Building Relationships with Financial Advisors 12:38 Balancing Saving and Enjoying Life 13:27 Key Takeaways for Young Investors 14:35 Summary

    16 min
  5. Why Parents Know What to Do With Money, But Still Don’t Do It | Preet Banerjee

    JAN 27

    Why Parents Know What to Do With Money, But Still Don’t Do It | Preet Banerjee

    Most parents know what they should do with money save more plan ahead and talk to their kids about finances. So why is it still so hard to follow through? In this episode of The Great Canadian Piggy Bank host Christi Rae sits down with Dr. Preet Banerjee one of Canada’s leading experts in behavioral finance to unpack why knowing better does not lead to doing better. They explore how fatigue stress and our brain’s focus on the present sabotage good financial intentions and why willpower is the wrong tool for the job. You will learn how small systems automation and intentional friction can help parents close the gap between intention and action how kids absorb financial habits from what we model not what we say and why creating emotional safety around money matters more than getting everything right. This episode is for parents who want to raise money smart kids without guilt perfection or burnout. Show Links: Website: https://www.preetbanerjee.com/ Financial Course: https://www.airfoilacademy.com/courses/yourmoneydegree Instagram: https://www.instagram.com/preetbanerjee/ Youtube: https://www.youtube.com/@PreetBanerjee TikTok: https://www.tiktok.com/@preetbanerjee Chapter List: 00:00 Understanding the Financial Behavior Gap 02:47 The Empathy Gap and Future Self 06:36 Automating Financial Decisions 10:06 Taking Action on Financial Intentions 11:57 Teaching Money Skills for an AI Future 15:53 Creating Emotional Safety Around Money Conversations 17:59 Summary

    19 min
  6. How Parents Can Adapt to Their Teens’ New Money Reality | Rob Carrick

    JAN 20

    How Parents Can Adapt to Their Teens’ New Money Reality | Rob Carrick

    The financial world our teens are entering looks nothing like the one we grew up in.From one-click buying and buy-now-pay-later to housing anxiety and constant social comparison, today’s kids face money pressures we never had. In this episode, Christi Rae is joined by Rob Carrick, longtime personal finance columnist at The Globe and Mail and co-host of The Stress Test podcast, to unpack what’s changed—and what still matters. Drawing on more than 30 years of financial journalism (and parenting), Rob explains why old money rules don’t always apply, how friction-free spending is reshaping behaviour, and why parents shouldn’t feel guilty for helping their kids financially in today’s economy. Together, they explore: Why one-click buying and buy-now-pay-later make budgeting harder for teens How parents can talk honestly about money mistakes without shame What saving should look like for teens (and what it shouldn’t) Rethinking home ownership, renting, and “success” in Canada today Simple questions that open meaningful money conversations at home This episode is for parents who want to raise financially confident teens—without fear, guilt, or outdated advice. Show Links: Website: https://robcarrick.ca/ Substack:https://robcarrickpf.substack.com/ StressTest Podcast: Stress Test Facebook: https://www.facebook.com/profile.php?id=100000463112714 Chapters List: 00:47 Biggest Shift 03:49 Parental Guilt 05:19 Helping Out Financially 07:03 Keeping Kid's Grit 09:21 Modern Update to 10% Rule 12:47 Habit of Saving 12:58 Moneys Skills that Matter 14:11 Housing Alternatives 16:43 Simplest First Step 18:23 High Risk Investing 19:36 One Question to Ask Tonight 20:56 Takeaways

    22 min
  7. How to Help Your Teen Build Credit: A Guide for Canadian Parents | Barry Choi

    JAN 13

    How to Help Your Teen Build Credit: A Guide for Canadian Parents | Barry Choi

    How Teens Build Credit in Canada: Credit Cards, Buy Now Pay Later, and Common Mistakes Credit can shape your teen’s financial future long before adulthood, sometimes without parents even realizing it. In this episode of The Great Canadian Piggy Bank, host Christi Rae is joined by Barry Choi, founder of Money We Have and a regular contributor to The Globe and Mail, to break down how teens actually build credit in Canada today. We cover how supplementary credit cards work, when teens should get a credit card in their own name, and why buy now, pay later options like Klarna and Afterpay are becoming a hidden risk for young people. Barry explains the most common credit mistakes teens and young adults make, why obsessing over a perfect credit score isn’t helpful, and how parents can teach responsible credit habits without fear or shame. If you’re raising a teen in Canada, this episode will help you turn credit into a practical life skill, not a financial landmine. Show Links: Website: ⁠https://www.moneywehave.com/⁠ Instagram: ⁠https://www.instagram.com/barry_choi⁠ Facebook: ⁠https://www.facebook.com/moneywehave⁠ Youtube: ⁠https://www.youtube.com/@BarryChoi/shorts⁠ TikTok: ⁠https://www.tiktok.com/@barry_choi⁠ Chapter List: 00:00 Building Credit 01:30 Credit Basics 02:03 How is Credit Different Today? 02:52 How to Build Credit 04:45 When to Obtain a Credit Card 05:24 Buy Now, Pay Later Options 08:40 Common Credit Mistakes 09:29 Credit Scores 10:48 When to CoSign 12:43 TakeAways

    14 min
  8. Is Social Media Distorting Your Child’s Wealth? Understanding Money Dysmorphia | David Delisle

    JAN 6

    Is Social Media Distorting Your Child’s Wealth? Understanding Money Dysmorphia | David Delisle

    Is social media shaping how your child views money and making them feel like they never have enough? In this episode of The Great Canadian Piggy Bank, host Christi Rae explores money dysmorphia, a growing issue affecting kids and teens whose perception of wealth is distorted by constant online comparison. Joined by David Delisle, author of The Golden Quest and creator of The Awesome Stuff, Christi breaks down how social media influences children’s money mindset, why comparison culture fuels financial anxiety, and how parents can spot early signs of unhealthy money beliefs in their kids. You’ll learn practical tools for teaching kids healthy financial habits, including how to shift money conversations away from guilt, pressure, and power struggles. David introduces a simple question: “Is this your awesome stuff?” , that helps children connect spending decisions to their values, experiences, and what truly brings them joy. This episode is ideal for parents looking for realistic, age-appropriate ways to talk to kids about money, navigate social media’s impact on finances, and raise money-smart children in a world where “more” always seems better. Show Links for David Delisle: Website: http://www.theawesomestuff.com/ Youtube: https://www.youtube.com/@theawesomestuff Instagram: https://www.instagram.com/theawesomestuff Facebook: https://www.facebook.com/OnlyBuyTheAwesomeStuff TikTok: https://www.tiktok.com/@theawesomestuff TedX Speech: https://www.youtube.com/watch?v=EG8V8UIXXQM The Golden Quest Book: https://www.amazon.ca/Golden-Quest-Your-Journey-Rich/dp/1777718929 Chapters List: 00:00 What is Money Dysmorphia 02:30 The Impact of Social Media on Perception 05:16 Recognizing Signs of Money Dysmorphia 06:50 The Awesome Stuff Movement 10:23 Experiences vs. Material Goods 13:21 Mindful Spending and Parenting Strategies 15:01 Encouraging Autonomy in Financial Decisions 16:26 Defining Awesome Stuff for Kids 17:51 Engaging Conversations About Money 19:02 Money Dysmorphia Summary

    20 min
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Trailers

About

Most Canadian parents want to teach their kids about money—but don’t always know where to start. Financial professionals often talk over our heads. School often doesn’t cover finances. And parenting is already busy and overwhelming This podcast was created to meet parents where they are—with empathy, clarity, and no shame. It’s about learning together, one simple idea at a time.

Information

  • Creator
    Christi Rae
  • Years Active
    2025 - 2026
  • Episodes
    26
  • Rating
    Clean
  • Copyright
    © Christi Rae
  • Show Website
    Great Canadian Piggybank