Many Canadians have seasonal employment or variable income, making financial planning more complex.

Doug Hoyes and Ted Michalos provide practical strategies for managing income fluctuations, saving effectively, dealing with debt, and handling taxes during off-seasons.

This episode is a must-listen for anyone navigating seasonal employment or variable income.

Timestamps:

(2:00) – The Seasonality of Jobs: Challenges for Canadian workers

(4:00) – Saving Money: Why it’s easier said than done

(6:45) – Financial Planning: Why every seasonal worker needs a plan

(8:50) – E.I. Eligibility in Canada: Can you qualify during the off-season?

(10:00) – Emergency Funds: Essential for seasonal employment stability

(12:15) – Boosting Income: ways to earn extra during off-seasons.

(15:20) – Strategic Use of Credit Cards

(16:30) – Pay Off Debt or Invest? How to prioritize your money

(19:00) – Smart Savings: Where to put your money

(22:00) – Taxes for Seasonal and Self-Employed Canadians: What to know

(25:00) – Staying Flexible: Preparing for life’s financial uncertainties

Learn more from Hoyes Michalos:

Managing Money on a Variable Income

First-time Home Buyer Podcast

Credit Rebuilding Course

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Disclaimer:
The information provided in the Debt Free in 30 Podcast is for entertainment and informational purposes only and is not intended as personal financial advice. Individual financial situations vary and may require personalized advice from a qualified financial advisor. Always consult with a financial professional. The views expressed in this episode do not necessarily reflect the opinions of Hoyes, Michalos & Associates, or any other affiliated organizations. We do not endorse or guarantee the effectiveness of any specific financial institutions or strategies discussed.