355 –  Understanding 'Free' Money & Navigating RDSPs & RESPs with Alan Whitton

355 – Understanding 'Free' Money & Navigating RDSPs & RESPs with Alan Whitton

Author: Doug Hoyes June 19, 2021 Duration: 41:50

When a financial product is more affordable (or even free), banks aren't too keen on promoting it or helping you access it. Why? Because they want to make money. Banks are also very good at manipulating consumers into thinking they're getting a 'deal' when they're really paying a hefty price. So, how can you know when it's truly free money and when it's a ploy? Enter Alan Whitton (aka Big Cajun Man). On today's podcast, Alan gives real examples of false 'free' financial services and products to help us make more informed banking and investing decisions. Alan also explains how RDSPs and RESPs work and how to access income-based benefits in the two plans. Tune in for lots of practical advice!

 

Resources:

 

Canadian Personal Finance Blog: https://www.canajunfinances.com

RESP & University Expenses Page: https://www.canajunfinances.com/RESP/

RDSP Information: https://www.canajunfinances.com/RDSP

Alan Whitton on Twitter (@bigcajunman): https://twitter.com/bigcajunman

Alan Whitton (Canajun Finances) on Facebook: https://www.facebook.com/canajunfinances


Doug Hoyes sits down each week with a different specialist to untangle the complicated feelings and hard numbers around owing money. The conversations in Debt Free in 30 move beyond simple scare tactics or dry theory, focusing instead on actionable strategies for managing debt, rebuilding savings, and making informed investing choices. You’ll hear from trustees, financial planners, and counselors who explain concepts in plain language, stripping away the industry jargon that often leaves people feeling overwhelmed. Whether it’s navigating a consumer proposal, understanding credit scores, or starting to invest with a tight budget, this podcast provides a clear-eyed look at the steps toward financial stability. Doug’s approach is grounded and pragmatic, reflecting his deep expertise in the field, making each episode feel like a direct consultation with a knowledgeable guide. Tuning in regularly offers a consistent source of demystified advice, turning what can be a stressful topic into a manageable process. It’s that blend of expert insight and relatable conversation that defines this particular personal finance podcast.
Author: Language: English Episodes: 500

Debt Free in 30
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