Shannon Lee Simmons

Shannon Lee Simmons, a Certified Financial Planner® and founder of the New School of Finance, delves into financial planning for everyday Canadians. She discusses her innovative work in fee-only financial planning and the unique Barter Babes project. Shannon explores the importance of actionable financial advice and modular planning, offering insight into budgeting and cashflow management. She also addresses rising housing costs, the concept of financial dysmorphia influenced by social media, and the role of parents in financially supporting adult children.

Pedro Antunes, Chief Economist at the Conference Board of Canada, joins Shannon Lee Simmons, founder of the New School of Finance, to discuss the future of Canada’s economy. They dive into trade uncertainties affecting both investments and consumers, with a critical view on the impact of tariffs. The conversation touches on employment risks in various sectors, the necessity for reskilling amid AI advances, and the complex housing market pressures. Together, they offer practical finance tips for Canadians navigating these economic challenges.

Shannon Lee Simmons, a certified financial planner and founder of the New School of Finance, and Bruce Sellery, CEO of Credit Canada, dive into the pitfalls of buy now, pay later (BNPL) services. They discuss how these tempting offers can lead to overspending, especially among younger consumers facing cash flow pressures. The duo highlights psychological aspects, like emotional spending, and the potential mental health toll of accumulating debt. They also provide tips on using BNPL wisely and the importance of setting spending boundaries.