Saving money: the basic idea is easy, but the reality for Canadians often presents unexpected challenges. Join trusted Ontario experts Doug Hoyes and Ted Michalos as they discuss “saving” in today’s challenging economy. Learn how to calculate your personal savings rate, understand the obstacles many face (and strategies to overcome them!), and discover the true priorities, aspirations, and concerns driving those hard-earned Canadian dollars.

(0:00) Defining Savings: More Than Just Money in the Bank
(2:20) Calculating Your Personal Savings Rate
(4:00) The History of Canadian Savings Rates: Trends and Insights
(8:45) Canadian Savings Today: Analyzing Current Rates
(11:00) Understanding Financial Vulnerability: Populations Struggling to Save in Canada
(16:00) What Canadians Are Saving For: Current Financial Priorities
(19:00) Setting Savings Goals: How Much Should You Aim to Save?
(24:00) Practical Tips for Easier Saving
(28:00) Debt vs. Savings: Prioritizing Your Financial Health

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Disclaimer:
The information provided in the Debt Free in 30 Podcast is for entertainment and informational purposes only and is not intended as personal financial advice. Individual financial situations vary and may require personal guidance from a financial professional. The views expressed in this episode do not necessarily reflect the opinions of Hoyes, Michalos & Associates, or any other affiliated organizations. We do not endorse or guarantee the effectiveness of any specific financial institutions, strategies, or digital tools/apps discussed.