Ep. 5 - Keeping it all in the family (finances)
24m
·
WealthBeing
·
We all think we’re pretty good at sharing. We’ll split a dessert or lend a garden rake with no questions asked. So why does combining our finances with a partner lead to confusion and frustration? Most of us will someday need to change our financial habits, disclose our debts, and establish shared desires to support a family. On this episode of WealthBeing, Travis and Derrick welcome a special guest, Dan Adair, Manager of Island Savings Brentwood Bay branch, for a conversation about taking the chaos out of family finances.
:40 – Money Problem: Derrick’s clients were overpaying in monthly banking fees due to disconnected account management.
2:06 – Expert Examination: Derrick, Travis and Dan discuss the best strategies that families can use for financial management:
- combined or individual finances – what’s the best route?
- how to be transparent with your partner about money;
- developing spending strategies for small to major purchases;
- achieving financial goals together;
- dealing with a change in employment;
- child-rearing financial phase;
- keeping frivolous spending in check;
- family-focused emergency fund;
22:50 – Weekly Financial Fix. Establish a “minimum wear” standard for all the clothing you buy.
To send comments, feedback, or a question that you would like Travis and Derrick to answer, email [email protected]
Subscribe to WealthBeing in any podcatcher to listen to previous episodes.
The episode Ep. 5 - Keeping it all in the family (finances) from the podcast WealthBeing has a duration of
24:32. It was first published
More episodes from WealthBeing
Ep. 85 – Help for homebuyers in 2022
In 2022, WealthBeing is bringing you conversations about what matters most when it comes to your finances. You'll hear new discussions of topics that will help you thrive, and updates to a few of conversations we're revisiting so that you can get our best advice when you need it. Our first new essential financial focus is all about the questions that our financial advisors want you to ask about in order to ensure that your money is working for you now and throughout the year.
- - -
Get in touch with Travis and Kevin by emailing [email protected]
Or connect with a financial advisor at any of our locations across BC:
Envision Financial
Valley First
Island Savings
Enderby & District Financial
- - -
WEALTHBEING HOSTS
Travis Koivula
Senior Wealth Advisor | Senior Investment Advisor
Island Savings Insurance Services | Credential Securities
Travis has been serving the financial needs of members in the Credit Union system since 2007 and is one of the most accredited financial advisors in Canada. He holds the globally recognized Charted Financial Analyst (CFA) designation, is a Certified Financial Planner, Canadian Investment Manager (CIM), Fellow of the Canadian Securities Institute (FSCI) and a Chartered Strategic Wealth Professional (CSWP).
Kevin Lehman
Regional Manager, Business Banking, Envision Financial
When asked who has made the biggest impact in your life, does your financial advisor come to mind? If you've met Envision Financial’s Regional Manager of Business Banking, Kevin Lehman, he's likely one of your personal game-changers. After attending the University of the Fraser Valley, Kevin’s search for new opportunities led him to Envision Financial and it is here that his "seize the day" approach to life propelled him to complete the Canadian Investment Funds Course, receive his mutual fund license and lead a team of business banking advisors to help local companies thrive.
Ep. 85 – Help for homebuyers in 2022
In 2022, WealthBeing is bringing you conversations about what matters most when it comes to your finances. You'll hear new discussions of topics that will help you thrive, and updates to a few of conversations we're revisiting so that you can get our best advice when you need it. Our first new essential financial focus is all about the questions that our financial advisors want you to ask about in order to ensure that your money is working for you now and throughout the year.
- - -
Get in touch with Travis and Kevin by emailing [email protected]
Or connect with a financial advisor at any of our locations across BC:
Envision Financial
Valley First
Island Savings
Enderby & District Financial
- - -
WEALTHBEING HOSTS
Travis Koivula
Senior Wealth Advisor | Senior Investment Advisor
Island Savings Insurance Services | Credential Securities
Travis has been serving the financial needs of members in the Credit Union system since 2007 and is one of the most accredited financial advisors in Canada. He holds the globally recognized Charted Financial Analyst (CFA) designation, is a Certified Financial Planner, Canadian Investment Manager (CIM), Fellow of the Canadian Securities Institute (FSCI) and a Chartered Strategic Wealth Professional (CSWP).
Kevin Lehman
Regional Manager, Business Banking, Envision Financial
When asked who has made the biggest impact in your life, does your financial advisor come to mind? If you've met Envision Financial’s Regional Manager of Business Banking, Kevin Lehman, he's likely one of your personal game-changers. After attending the University of the Fraser Valley, Kevin’s search for new opportunities led him to Envision Financial and it is here that his "seize the day" approach to life propelled him to complete the Canadian Investment Funds Course, receive his mutual fund license and lead a team of business banking advisors to help local companies thrive.
Ep. 84 – Nine questions that make a difference to your financial health
In 2022, WealthBeing is bringing you conversations about what matters most when it comes to your finances. You'll hear new discussions of topics that will help you thrive, and updates to a few of conversations we're revisiting so that you can get our best advice when you need it. Our first new essential financial focus is all about the questions that our financial advisors want you to ask about in order to ensure that your money is working for you now and throughout the year.
- - -
Get in touch with Travis, Sheena and Kevin by emailing [email protected]
Or connect with a financial advisor at any of our locations across BC:
Envision Financial
Valley First
Island Savings
Enderby & District Financial
- - -
WEALTHBEING HOSTS
Travis Koivula
Senior Wealth Advisor | Senior Investment Advisor
Island Savings Insurance Services | Credential Securities
Travis has been serving the financial needs of members in the Credit Union system since 2007 and is one of the most accredited financial advisors in Canada. He holds the globally recognized Charted Financial Analyst (CFA) designation, is a Certified Financial Planner, Canadian Investment Manager (CIM), Fellow of the Canadian Securities Institute (FSCI) and a Chartered Strategic Wealth Professional (CSWP).
Sheena Sanders
Wealth Planning Specialist, Valley First
As an accredited Certified Financial Planner, a Registered Retirement Consultant and a Responsible Investment Specialist, Sheena's array of knowledge and experience means that no question goes unanswered and no opportunity ignored. For people who seek help with retirement, education, investment, and succession planning, Sheena is a natural person to have on their team.
Kevin Lehman
Regional Manager, Business Banking, Envision Financial
When asked who has made the biggest impact in your life, does your financial advisor come to mind? If you've met Envision Financial’s Regional Manager of Business Banking, Kevin Lehman, he's likely one of your personal game-changers. After attending the University of the Fraser Valley, Kevin’s search for new opportunities led him to Envision Financial and it is here that his "seize the day" approach to life propelled him to complete the Canadian Investment Funds Course, receive his mutual fund license and lead a team of business banking advisors to help local companies thrive.
Ep. 84 – Nine questions that make a difference to your financial health
In 2022, WealthBeing is bringing you conversations about what matters most when it comes to your finances. You'll hear new discussions of topics that will help you thrive, and updates to a few of conversations we're revisiting so that you can get our best advice when you need it. Our first new essential financial focus is all about the questions that our financial advisors want you to ask about in order to ensure that your money is working for you now and throughout the year.
- - -
Get in touch with Travis, Sheena and Kevin by emailing [email protected]
Or connect with a financial advisor at any of our locations across BC:
Envision Financial
Valley First
Island Savings
Enderby & District Financial
- - -
WEALTHBEING HOSTS
Travis Koivula
Senior Wealth Advisor | Senior Investment Advisor
Island Savings Insurance Services | Credential Securities
Travis has been serving the financial needs of members in the Credit Union system since 2007 and is one of the most accredited financial advisors in Canada. He holds the globally recognized Charted Financial Analyst (CFA) designation, is a Certified Financial Planner, Canadian Investment Manager (CIM), Fellow of the Canadian Securities Institute (FSCI) and a Chartered Strategic Wealth Professional (CSWP).
Sheena Sanders
Wealth Planning Specialist, Valley First
As an accredited Certified Financial Planner, a Registered Retirement Consultant and a Responsible Investment Specialist, Sheena's array of knowledge and experience means that no question goes unanswered and no opportunity ignored. For people who seek help with retirement, education, investment, and succession planning, Sheena is a natural person to have on their team.
Kevin Lehman
Regional Manager, Business Banking, Envision Financial
When asked who has made the biggest impact in your life, does your financial advisor come to mind? If you've met Envision Financial’s Regional Manager of Business Banking, Kevin Lehman, he's likely one of your personal game-changers. After attending the University of the Fraser Valley, Kevin’s search for new opportunities led him to Envision Financial and it is here that his "seize the day" approach to life propelled him to complete the Canadian Investment Funds Course, receive his mutual fund license and lead a team of business banking advisors to help local companies thrive.
Ep. 83 – Mini Money Problem: An Estate of Estrangement
THIS WEEK: When Travis' client was making final arrangements, he wanted to be sure that his estate would remain uncontested among his estranged children. This tricky situation is all too familiar to our co-hosts. Tune in to hear what advice they recommend to those facing a tough financial choice.
***
WealthBeing’s mini Money Problem episodes share a real financial challenge or question from our members, clients, or listeners – and the advice our experts provided to help. Learn from their experience and you’ll be prepared to make the best financial decisions for your pocketbook.
Do you have a Money Problem you’d like our help with? You can contact Kevin, Sheena and Travis with your question at [email protected]. We will get back to you with an answer.
Or visit any of our Island Savings, Envision Financial, or Valley First locations to talk with an advisor who will provide personal financial advice.
***
OUR WEALTHBEING HOSTS
Travis Koivula
B.Eng, CFA, CFP®, CIM, FCSI, CIWM
Senior Wealth Advisor | Senior Investment Advisor
Island Savings Insurance Services | Credential Securities
Travis has been serving the financial needs of members in the Credit Union system since 2007 and is one of the most accredited financial advisors in Canada. He holds the globally recognized Charted Financial Analyst (CFA) designation, passing all three tests on his first attempt. In addition he is a Certified Financial Planner (top 1% of his class), Canadian Investment Manager (CIM), Fellow of the Canadian Securities Institute (FSCI) and a Chartered Strategic Wealth Professional (CSWP).
Sheena Sanders
Wealth Planning Specialist, Valley First
Sheena meets every client with a fervent desire to create a uniquely remarkable experience. As an accredited Certified Financial Planner, a Registered Retirement Consultant and a Responsible Investment Specialist, her array of knowledge and experience means that Sheena leave no question unanswered and no opportunity ignored. For people who seek help with retirement, education, investment, and succession planning, Sheena is a natural person to have on their team. Clients benefit from her strategic approach and “big picture” mindset that incorporates tax optimization ESG principals and integration.
Kevin Lehman
Assistant Branch Manager, Envision Financial
When asked who has made the biggest impact in your life, does your financial advisor come to mind? If you've met Envision Financial Assistant Branch Manager, Kevin Lehman, he's likely in your top five personal game-changers. After attending the University of the Fraser Valley, Kevin sought new opportunities that led him to begin his career with Envision Financial, a division of First West Credit Union. And it is here that his "seize the day" approach to life propelled him to complete the Canadian Investment Funds Course, receive his mutual fund license and join the management team within five years. Today, as Kevin continues to pursue his Personal Financial Planner designation, he coaches a team of advisors to make a lasting impression on people's wellbeing.