Welcome to The MapleMoney Show, the podcast that helps Canadians improve their personal finances to create lasting financial freedom. I’m your host, Tom Drake, the founder of MapleMoney, where I’ve been writing about all things related to personal finance since 2009.
Christmas is right around the corner, but with it can come a hefty price tag. My guest this week reminds us that you don’t have to rack up your credit card to enjoy the festive season.
Peter Anderson, the founder of Bible Money Matters, explains how you can prepare a budget for Christmas that will help you avoid carrying additional debt into the new year.
Did you know that the average family spends almost $1000 on Christmas? Peter shares some rules of thumb for Christmas spending, including how much may be too much.
And it’s not just the gifts, the cost of decorations can add up. Peter has some great ways to save money on decorations and reminds us that one doesn’t have to spend like Clark Griswold to make their home look great for the holidays.
The folks at Wealthsimple, this week’s sponsor, have been very busy over the past year. Not only are they home to Wealthsimple Invest, Canada’s leading robo-advisor, but they’ve created Wealthsimple Save, to provide clients with a high interest savings account. Coming soon is Wealthsimple Trade, which will offer stock trading without commission fees. Check out everything they have to offer at Wealthsimple today.
- Christmas can easily become the most expensive time of year.
- The average family spent over $980 on Christmas gifts in 2017.
- Only 13% of consumers save ahead to cover Christmas expenses.
- A rule of thumb for Christmas spending.
- Why Christmas shopping online can be more expensive.
- How Pinterest can help to save money at Christmas.
- Creating Christmas memories with friends and family doesn’t have to cost a cent.