Owen Rascovitch

You need to know where your money is going before you can actually begin to save.

And then you can only begin to invest really once you start to save.

People try and do it with debt.

You see the whole picture.

That's right, yeah.

So we're going to talk about some of the bank accounts that people might use to do this.

And then we're going to jump into some budgeting strategies, some debt strategies, and then building this thing that we call an emergency fund.

yeah and then we'll have a quick recap at the end so firstly just quickly what are the types of products that someone might use to save

Yeah, you can do it.

And they try and – oftentimes they tie the savings account to a transaction account.

Yes.

And then the transaction account may have some type of fee.

Yeah.

And that's where they try and get you.

So it's just important to read through those disclosure documents and –

They normally have a very easy to read section, like a fee schedule type thing on the website.

Yeah, absolutely.

And the thing is, you and I both know that there are banks that don't charge any of these types of fees, so there's really no reason to pay them.

And people think that it's a very small difference, but over even a year, it might be, I'm going to say, it might be like a thousand bucks per person, right?

And then over a lifetime, if you're investing that money, it makes a big difference.