It's Personal Finance Canada

Step:1 evaluate all of your 2023 financial decisions, Step: 2 drink coco and watch Christmas rom-com’s, Step: 3 gaze into the void, Step 4: repeat step 1. This week we go over 14 different tips you help you close out 2023 and get ready for another exciting year (can we please just have one boring year). Everything from budgeting, insurance, debt management and goal setting we help you get off on the right foot for 2024, or maybe the left foot, which ever works. If you live in British Columbia, let us help you take care of the people you love and visit braunfinancial.com  Keep the conversation going on our Facebook Page and Group: https://www.facebook.com/itspersonalfinancecanada

The best way to spread Christmas Cheer, is spending loud for all to hear. This week we see how much Canadians are expected to spend over the holidays. Some are saying spending going up, pleasing Santa and others say its going down to the delight of Scrooge. Find out what factors are at play and how can you better prepare for the Christmas season without the soul crushing debt, because really, that's the gift that keeps on giving the whole year. If you live in British Columbia, let us help you take care of the people you love and visit braunfinancial.com  Keep the conversation going on our Facebook Page and Group: https://www.facebook.com/itspersonalfinancecanada Useful Resources: Deloitte Holiday Retail Outlook: https://www2.deloitte.com/ca/en/pages/strategy/articles/holiday-retail-outlook.html JLL’s Canada Retail Holiday Survey: https://www.jll.ca/en/trends-and-insights/research/canada-retail-holiday-survey

Home is where the debt is. This week talk about the new First Home Savings Account (FHSA) and how your can maximize your ability to overpay for a house. We also talk about how your can combine this with other tax advantaged savings options to build up a deposit of over $163,000 per person. If you live in British Columbia, let us help you take care of the people you love and visit braunfinancial.com  Keep the conversation going on our Facebook Page and Group: https://www.facebook.com/itspersonalfinancecanada

Some of you may suffer, but it's a sacrifice I am willing to make. This week Cam gives his debriefing on a recent event he attended headlined by Bank of Canada Senior Deputy Governor Carolyn Rogers and how you apparently need to do a better job at fixing the economy. We talk about Canada’s continued high interest rates, lagging productivity, decreased standard of living, who to blame for it all and finally if it’s even worth trying at all anymore. If you live in British Columbia, let us help you take care of the people you love and visit braunfinancial.com  Keep the conversation going on our Facebook Page and Group: https://www.facebook.com/itspersonalfinancecanada Useful Resources: BoC Senior Deputy Governor Carolyn Rogers’s Recent speech: https://youtu.be/2_Moc94A8V8?si=o5-h2yJn34qLezI0

Anyone have any spare change, I need to adjust my perception of reality. This week we go deeper into the concept of challenging our core beliefs about ourselves and how that impacts our finances and more importantly our overall health. Is change as easy as it sounds and what is the cost of refusing to? If you live in British Columbia, let us help you take care of the people you love and visit braunfinancial.com  Keep the conversation going on our Facebook Page and Group: https://www.facebook.com/itspersonalfinancecanada

People keep saying that money is simple, and I took that personally. This week we get deep with “Simple Money: No Nonsense Guide to Personal Finance” by Tim Maurer and find out how to make understanding finances more personal and real to our own lives. Learn how to figure out what success really looks like to you and how to challenge your inherited and ingrained views on money. If you live in British Columbia, let us help you take care of the people you love and visit braunfinancial.com  Keep the conversation going on our Facebook Page and Group: https://www.facebook.com/itspersonalfinancecanada

A proclamation has been sent forth from Ottawa, “don’t forget to drink more Ovaltine!” This week we break down the freshly released Survey of Household Spending report from StatsCan to see where all of our money has been going. Find out how far apart average expenses are from average income and what the data tells us about how people are able to budget effectively. If you live in British Columbia, let us help you take care of the people you love and visit braunfinancial.com  Keep the conversation going on our Facebook Page and Group: https://www.facebook.com/itspersonalfinancecanada Useful Resources: 2021 Survey of Household Spending: https://www150.statcan.gc.ca/n1/daily-quotidien/231018/dq231018a-eng.htm Infographic https://www150.statcan.gc.ca/n1/pub/11-627-m/11-627-m2023056-eng.htm Data Tables https://www150.statcan.gc.ca/n1/daily-quotidien/231018/dq231018a-cansim-eng.htm

Age is in the eye of beholder! This week we take a deep dive into Moshe Milevsky’s book “Longevity Insurance for a Biological Age: Why Your Retirement Plan Shouldn’t Be Based on the Number of Times You Circle the Sun” and see how we get retirement planning wrong by relying on our calendar age more than our biological age. Find out what the difference is between biological age and chronological age and how misunderstanding this difference can hurt your finances later in life. If you live in British Columbia, let us help you take care of the people you love and visit braunfinancial.com  Keep the conversation going on our Facebook Page and Group: https://www.facebook.com/itspersonalfinancecanada

This week we welcome IPFC listener Michelle D. whose journey started by listening to podcasts and discovering how to live with intention. A concept that took her and her family on a journey that lead to the repayment of $301,000 of mortgage debt in less than five years. Michelle talks about how they changed spending habits, sold things they didn’t need, put their savings towards the debt (minus RRSP’s and emergency fund), used just one car and planned errands strategically to save on gas.  Most importantly her changed mindset lead to a feeling of control over her life and more satisfaction, even living with less.   If you live in British Columbia, let us help you take care of the people you love and visit braunfinancial.com  Keep the conversation going on our Facebook Page and Group: https://www.facebook.com/itspersonalfinancecanada

If at first you don’t succeed just do the same thing over and over and over again. This week we tackle the root of most people’s personal finance issues, their decision making process. For many people the decisions we make feel almost automatic and outside of our control bringing us to the same unwanted results day in and day out, and no budget is going to help us out of that rut. If you live in British Columbia, let us help you take care of the people you love and visit braunfinancial.com  Keep the conversation going on our Facebook Page and Group: https://www.facebook.com/itspersonalfinancecanada Useful Resources: “The science of decision making: why smart people do dumb things”  https://nesslabs.com/decision-making “Decisions and Desire” – Harvard Business Review: https://hbr.org/2006/01/decisions-and-desire “Decision-Making Process” – UMass Dartmouth: https://www.umassd.edu/fycm/decision-making/process/