Episode 15

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Published on:

14th Oct 2021

Ep. 15 What to Expect When You're Expecting - The Money Edition

Our Living Richer Wealth Management team works with clients to help them navigate many different life transitions, and there are few things more life changing than becoming a parent.

This week, I’m happy to welcome Carolina Da Silva, a Living Richer team member and expectant mom, to discuss all the things you need to know, and do to prepare financially for this new beginning.

In this episode we’ll cover:

  • Details on government benefits, who can qualify and how to get them.
  • What you need to know about your health benefits from work.
  • Budgeting for a new baby and how to prepare in advance.
  • How to save money by getting free stuff and store discounts.
  • Understanding how daycare costs may impact your planning.
  • Estate and life insurance planning.
  • Education planning through an RESP.

If you are expecting a baby or even thinking about starting a family, don’t miss this episode!

Resources:

Parental Leave Benefits

Canada Child Benefit

CRA Guide to Child and Family Benefits

The Ultimate First Year Baby Budget

What to Expect When You’re Expecting Blog Post

Five Ways to Prepare Financially for a New Baby Blog Post

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About the Podcast

Living Richer
Living Richer is about enjoying your life today, while planning for the future!
We all want to live a richer and more fulfilled life, and with smart financial planning, it’s possible. That’s what the Living Richer podcast is all about – helping you to align your means with the things that mean most to you, so that you can enjoy your life today, while planning for tomorrow.
Living Richer is Hosted by Mark Shimkovitz, Vice President at Raymond James Ltd. and head of the Living Richer Wealth Management team. Mark's been a financial advisor for over 25 years and takes a life-goals financial planning approach. Living Richer will give you the knowledge, tools and strategies to clarify your goals and priorities, invest wisely and avoid common mistakes. Mark will help you understand how to develop and implement a personalized financial plan that will put you on the right track and keep you moving toward your goals through life’s many transitions. So whether you are just starting out on your financial journey, or well on your way, Living Richer will have something to offer you.


Information in this podcast is from sources believed to be reliable; however, we cannot represent that it is accurate or complete. It is provided as a general source of information and should not be considered personal investment advice or a solicitation to buy or sell securities. Raymond James advisors are not tax advisors and we recommend that clients seek independent advice from a professional advisor on tax-related matters. The views are those of Mark Shimkovitz, and not necessarily those of Raymond James Ltd. Investors considering any investment should consult with their investment advisor to ensure that it is suitable for the investor’s circumstances and risk tolerance before making any investment decision. Securities-related products and services are offered through Raymond James Ltd., member - Canadian Investor Protection Fund. Insurance products and services are offered through Raymond James Financial Planning Ltd., which is not a member - Canadian Investor Protection Fund.