You had your best-laid plans and then COVID-19 came along and hammered the entire economy. But you’ve got this – if you have the right information. Join The Globe and Mail’s personal finance team, columnist Rob Carrick and editor Roma Luciw, as they guide you through one of the biggest stress tests your finances will ever face. If you’re between 20 and 40, this financial advice is for you.
Can you really afford a dog?
Many Canadians have become first-time pet owners since the pandemic. But with the price of pet food and vet costs soaring, owners are struggling to afford their COVID companions. In this episode, Roma speaks to Shawn Morey, the executive director of the Peterborough Humane Society. We’re also joined by two people that became first-time pet owners in their 20s.
What the tightening job market means for you
During the pandemic, employees had the upper hand in the job market. But the balance of power has shifted back to employers. They’re more hesitant to hire, less willing to offer remote work and less generous with what they are offering. We hear from a recent grad who applied for more than 100 jobs before landing a role, and a recently laid off tech worker with over a decade of experience. And Rob talks to Jermaine L. Murray, a Toronto-based tech recruiter and career coach.
So, you splurged. Now what?
The urge to splurge is universal. After the bleakness of the pandemic, people are spending more on the big and little things that bring them joy. But there are healthy ways to manage splurge-spending that don't leave you buried in debt. In this episode, we hear from a Swiftie with a “Taylor Swift" concert obsession. And Roma speaks with Shannon Lee Simmons, a certified financial planner and founder of the New School of Finance.
The struggle is real: how homeowners are coping with soaring mortgage rates
First, home owners with variable rate mortgages felt the pain of soaring interest rates. Then, people with fixed rate mortgages began to renew at sharply higher rates. In this episode, we hear from first-time homebuyers in Vancouver and Kingston who are now spending more than half their income on housing. And Rob talks to Victor Tran, an Ontario-based mortgage broker.
Dual income, no kids: How much more fun are they having?
The appeal of the DINK lifestyle – that’s double income, no kids – might seem obvious. But having more control over your life and finances comes with questions about your social safety net in retirement. We spoke to two women who are embracing the DINK life, along with Jay Zigmont, the founder of Childfree Wealth, a financial planning firm that serves people who don’t have kids.
Adulting with roommates: solo living is a luxury in today’s rental market
A growing number of Canadians are living with roommates longer than they ever expected. What once was seen as a short chapter in life is turning into a long-term way to find affordable housing. Soaring house costs has people searching for roommates well into their 30s and beyond. We spoke to three women in Vancouver, Toronto and Halifax about how living with roommates is helping them make ends meet.
I’ve listened to every episode since its launch. As a personal finance enthusiast and writer from America, it’s great to hear the Canadian perspective. A lot of similarities and some differences. I’m fascinated with how Canadians are navigating the housing situation, given prices are much more expensive on an income adjusted basis than US home prices.
I love how the podcast interviews people from various backgrounds. It’s the different stories that really make the podcast unique. - Sam, Financial Samurai
This podcast has been super relevant and informative for a lot of the challenges I’m facing as a millennial in my 30s - I enjoy the different perspectives and advice, looking forward to more episodes!!