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This is the stuff you millionaires in the making need to know to kick start or propel you on your financial fitness journey. Tracey Bissett, Founder of Bissett Financial Fitness and award winning Financial Literacy Champion, gives you the straight goods each week to set yourself up for financial success. As a former executive at TD Bank, one of Canada's Big 5 Banks, Tracey has worked with and in support of thousands of individuals and entrepreneurs to secure the financing they needed.  This hands on experience combined with her formal financial education, Masters of Business Administration and Chartered Financial Analyst designation, position Tracey uniquely to coach all things money. Tracey goes behind-the-scenes of all the money matters with need-to-know tips, money-making demystified, and special power-player interviews. Join us weekly for Financial Fitness Training that will turn even a Cash Couch Potato into a Marathon Money Maker.

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  2. EP327 Student Loan Repayment Explored with NerdWallet Canada

EP327 Student Loan Repayment Explored with NerdWallet Canada

Oct 1, 2024

Are you or someone you know dealing with student loans or getting ready to navigate the world of repayment? In this episode, I sit down with Clay Jarvis, NerdWallet Canada’s mortgage and real estate expert, to discuss essential strategies for managing student loans and making smart financial decisions. We'll dive into practical advice for students just starting their loan repayments, adjusting payments to fit your financial situation, and what to do if you’re struggling to make payments.

Clay also highlights the importance of budgeting and why parents should have financial conversations with their kids before they head off to university. Listen in to learn how disciplined loan repayments can set you up for a brighter future, as well as how parents can offer emotional and financial support while encouraging smart money habits.

“You do not want to stop paying your loans. You can simply shrink your payment as much as you need to, and then when you start earning more money, you can increase those payments.” - Clay Jarvis

This Week on Young Money:

  • What NerdWallet is and how it helps consumers make smart financial decisions.
  • How to start managing student loan repayments.
  • Ways to adjust loan payments based on your financial situation.
  • What to do if you can’t make a payment on time.
  • Tips for parents to support their children financially and emotionally.
  • The role of budgeting in financial success.
  • Why talking to kids about money before university is crucial.
  • How disciplined loan repayment improves your financial future.

Key takeaways:

  1. Be smart about saving.
  2. Adjust loan payments as needed.
  3. Never stop paying your loans.
  4. Budget before heading to university.
  5. Parents: offer both financial and emotional support.

Connect with Clay Jarvis:

Resources Mentioned:

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