In episode 69 of the In Her Wallet Podcast, our host Sofiia dives into one of the most common financial dilemmas faced by car shoppers: should you buy, finance, or lease your new car? We explore everything from the upfront costs and monthly payments to the long-term financial implications of buying vs financing vs leasing. Sofiia also covers important considerations like depreciation, maintenance responsibilities, and the potential for equity building. We've done all the number crunching for...

In episode 68 of the In Her Wallet Podcast, we peel back the layers on why filling up your grocery cart or dining out suddenly feels like a luxury splurge. Our host Sofiia is joined by Sang Le, the founder of Peko Produce, Western Canada's first delivery service for "peculiar" and surplus groceries, offering savings of up to 40% off regular grocery store prices. Together, they discuss questions like why food prices seem to be on an endless climb and what happens to food that doesn't make it...

In episode 67 of the In Her Wallet Podcast, join Sofiia on a deep dive into the world of TFSA, RRSP, and the newly introduced FHSA. We discuss key benefits, differences, and strategic uses of each account to supercharge your financial journey. Whether you’re saving for that dream holiday, planning a majestic retirement, or gearing up for your first home purchase, understanding all three accounts is crucial to take advantage of the huge tax benefits they offer. Tune in as Sofiia shares clear,...

In episode 66 of the In Her Wallet Podcast, we're diving deep into the world of credit cards - the good, the bad, and the fine print that banks might not be so keen on sharing. Joined by Shannon Terrell from NerdWallet, we discuss how to choose the right credit card that doesn’t just fit your needs, but also empowers your financial independence and goals. Whether you're aiming to boost your credit score, earn rewards, or find a low-interest lifeline, this conversation explores strategies to...

In episode 65 of the In Her Wallet Podcast, we're diving into the world of tipping culture. It's a tradition with deep roots that's facing rapid changes in today's society. Sofiia takes you on a journey to discover the origins of tipping and why it's sparking debates now more than ever. Ever wondered about the 'right' amount to tip or why we're suddenly tipping in places we never thought we would? We've got you covered. This episode tackles these burning questions and provides actionable tips...

In episode 64 of the In Her Wallet Podcast, Sofiia is joined by Wealthsimple's Tax Expert Caroline Corbeil for a conversation on filing personal income taxes in Canada. From learning the difference in filing taxes as employed vs self-employed, to understanding tax brackets and strategies to maximize deductions, this episode covers everything you need to know to file taxes in 2024! Plus, we explore how significant life changes, such as getting married, buying a home, or becoming parents, can...

In this debut episode of Season 3, our host Sofiia dives deep into the heart of the gender wealth gap, a challenge that touches every woman's financial journey (whether you know it or not). We explore the multifaceted reasons behind this disparity—from the infamous pink tax to the time spent in the workforce—and bring to light actionable strategies that each of us can utilize, in our own lives, to shrink that frustrating wealth gap. Whether you're navigating the workforce, managing household...

Season 3 of In Her Wallet is on the horizon, and we're kicking things off with a bang! This special trailer episode offers a sneak peek into what's in store for you, our community. Hosted by Sofiia, a Vancouver-based financial educator and the founder of "In Her Wallet", this season is set to explore the intricacies of how money works, uncover the factors influencing our financial decision-making, and demonstrate how we can leverage behavioural psychology to live our best lives without...

Welcome to the final episode of Season 2 of the In Her Wallet Podcast! In this episode, we celebrate 47 episodes released in 2023 and reflect on the valuable lessons learnt along the way. Join Sofiia and 25 guests as we share the best takeaways on topics like your relationship with money, managing finances as a couple, taking care of aging parents, maximizing workplace benefits, negotiating, starting a business, where to start in your financial journey, how to choose companies to invest in,...

Welcome to Episode 61 of the In Her Wallet Podcast! This week Sofiia is bringing you a solo episode about 8 money lessons she learnt before turning 28. Sofiia is someone who moved countries at 17 on her own, studied economics in university, worked in the wealth management sector, reads finance books, holds an official accreditation in the investment management space, and has gone through lot of general trial and error on her own, she is sharing these money lessons based on things she did...

Welcome to Episode 60 of the In Her Wallet Podcast! This week Sofiia is joined by Olessia Lapina, a seasoned talent leader with 10 years of experience holding key roles in renowned global organizations like Tiffany&Co, Louis Vuitton Moet Hennessy and Fairmont Hotels. In this episode, Sofiia and Olessia talk about building a strong personal brand, ways it can advance your career, help grow network and increase personal income. Key takeaways: 00:00 What we're talking about today 02:10 Get...

Welcome to Episode 59 of the In Her Wallet Podcast! This week Sofiia is bringing you a solo episode covering 6 tips to make the most of Black Friday and holiday shopping. How to avoid buying things 'just because they are on sale', maximize your cash back earned, and navigate the sea of deals seamlessly? Tune in for answers to these questions! *Watch this episode in video format on YouTube* If you like this episode, let Sofiia know! Take a screenshot of this page & tag her in your IG...

Welcome to Episode 58 of the In Her Wallet Podcast! This week Sofiia is bringing you a solo episode about how you can prepare to buy your first home in Canada! In this episode, Sofiia walks you through the exact steps to take to prepare to buy your first home, like figuring out what home you can actually afford, getting pre-approved for a mortgage and understanding the government programs designed to help you. *Watch this episode in video format on YouTube* If you like this episode, let...

Welcome to Episode 57 of the In Her Wallet Podcast! This week Sofiia is bringing you a solo episode on the topic many of her fellow brides can relate to, but often find it difficult to discuss openly - the cost of weddings! In this episode, Sofiia shares the actual costs of her own wedding, the average budget of a lavish wedding you see on Instagram, and some of the practices her and her partner are using to stay budget conscious while bringing their wedding vision to life. *Watch this...

Welcome to Episode 56 of the In Her Wallet Podcast! This week, our host Sofiia is joined by Scheherazade Hasan, Advisor and Associate Portfolio Manager at Wealthsimple, to answer the #1 question they both get: "Where do I start?!" In this episode, we are walking you through the steps that will help you build a solid financial foundation, set achievable goals, and create a roadmap tailored to your unique dreams and aspirations. *Watch this episode in video format on YouTube* If you like...

Welcome to Episode 55 of the In Her Wallet Podcast! This week Sofiia is bringing you a short solo episode about paying off your credit card debt (in fact, any type of debt) as efficiently as possible! Tune in to learn about the two things you need to have to set yourself up for success before starting to pay off debt, the golden rule of using credit cards, the 2 proven strategies for debt repayment, and easy-to-follow practices to be a responsible credit card user. *Watch this episode in...

Welcome to Episode 54 of the In Her Wallet Podcast! This week, we are discussing the hidden costs of household chores (which women tend to do more of) and their profound impact on our financial futures and career paths. Sofiia is joined by Lindsay Sparrow, one of the premiere investment advisors in Alberta at Wellington-Altus Private Wealth. As a Certified Financial Planner (CFP) and a Certified Divorce Financial Analyst (CDFA), Lindsay knows firsthand about the invisible tax that women pay...

Welcome to Episode 53 of the In Her Wallet Podcast! This week Sofiia is bringing you a solo episode about the 5 smart money moves to make this fall to prevent the overwhelm and avoid the overspend with all the fun stuff happening at this time of the year, like Thanksgiving dinners, Halloween parties, Black Friday deals and, of course, pumpkin spice lattes. Our goal is that after listening to this episode, you leave feeling equipped with knowledge on how to make progress towards building the...

Welcome to Episode 52 of the In Her Wallet Podcast! This week, we got a question for you: have you ever struggled with keeping money, making it, or even enjoying it? The answer to dealing with any of the above might be simpler than you think - it's our emotional intelligence. In this episode, Sofiia is joined by Leisse Wilcox, a Strategic Business Coach and 2x best-selling author, for a conversation about how emotional intelligence defines our relationship with money. *Watch this episode in...

Welcome to Episode 51 of the In Her Wallet Podcast! Did you know that Fall season is the time you are most likely to experience burnout at work? In this episode, Sofiia is joined by Arunie Saldhi, a Registered Provisional Psychologist and Workplace Mental Health Expert, for a conversation about early signs of burnout and how women professionals can deal with it whilst building their careers. *Watch this episode in video format on YouTube* If you like this episode, let Sofiia know! Take a...

Welcome to Episode 50 of the In Her Wallet Podcast! Join our host Sofiia for a solo episode as she talks about the financial education industry and how it has recently seen the rise of (f)influencers - financial influencers giving advice on money management via platforms like YouTube, TikTok and Instagram. How can you tell if you're getting bad money advice from these (f)influencers, and how to protect your hard-earned money in digital age? Tune in for answers to these questions! *Watch this...

Welcome to Episode 49 of the In Her Wallet Podcast! Join our host Sofiia for a solo episode featuring a controversial discussion around home ownership and renting. Does the societal norm of buying your first home before you're in your mid-30s still hold in 2023 when the median household income is $66,000, while average home price in cities like Vancouver and Toronto is over $1,000,000?   *Watch this episode in video format on YouTube* If you like this solo episode, let Sofiia know! Take a...

Welcome back to Episode 48 of In Her Wallet Podcast! If you're anything like us and want to finish this year strong, today's episode on mid year resets and goal setting is for you! Our host Sofiia is joined by Ashley Meadahl, a business coach, top-charting podcast host and creator behind The Glow Getter Conference. In this episode, Ashley shares best practices on doing a mid year reset, her tips for vision board that will actually motivate you to take action, how to review goals without...