About this episode

Jess and Colleen discuss financial strategies after maxing out tax-advantaged accounts while balancing summer expenses and adventures.

Jess and Colleen discuss balancing summer adventures with finances, praising Jess’s discipline after a big Africa trip and her plan to do mostly local activities in Yukon, with only a short, costly trip to Haines, Alaska, while saving vacation money for winter travel. They compare this delayed-gratification approach with the other host’s summer expenses for children, including costly camps ($400–$600 per child per week) and $1,500 in activity fees, noting the childcare challenges for working parents. They share listener comments about the podcast’s global reach and Canadian focus, then answer a question from Kelsey about what to do after maxing TFSA, RRSP, and FHSA: pay down high-interest debt, invest in a non-registered personal account (taxed on sale via capital gains), optionally adjust payroll taxes via TD1, consider real estate or REITs, RESPs for kids, and potentially private equity with higher minimums. They plan a future FHSA episode. 00:00 Welcome to TGIF 00:34 Summer Spending Choices 03:12 Kids and Camp Costs 06:33 Listener Love and Reach 08:12 Maxed Accounts Next Steps 09:14 Non Registered Investing Taxes 11:24 FHSA Explained Briefly 12:07 Real Estate and RESP Options…

People in this episode

Hosts: Jess, Colleen

Topics covered

• summer spending
• financial planning
• maxed accounts
• investing options
• childcare costs
• listener engagement

Keywords

• TFSA
• RRSP
• FHSA
• investing
• debt repayment
• real estate
• childcare costs
• listener comments

Mentioned in this episode

Organizations: TFSA, RRSP, FHSA, REITs, RESPs, private equity

Places: Africa, Yukon, Haines, Alaska

More episodes of Two Girls Investing Podcast

• How to Invest: Avoiding Beginner Mistakes & Earning Cash Back with Wealthsimple · September 11, 2026 · 19 min
• We're BACK - What Would We Do if We Started Investing From $0 Today?? + Frivolous Things We Spent Our Money On This Summer 💰 · September 4, 2026 · 18 min
• Gamifying your Debt, One-Income Security & Private Equity for Beginners · July 3, 2026 · 24 min
• Hidden Rental Costs, Business Expenses & is the FHSA Right for You? · June 26, 2026 · 18 min
• Canadian Investing Made Simple: TFSA, RRSP, ETFs, REITs & Tickers Explained · June 12, 2026 · 18 min
• Setting Up Automated Investing in Wealthsimple (Plus Debt Payoff & Travel Compensation Wins) · June 5, 2026 · 13 min

Explore listener stats, chart rankings, contacts and more on the Two Girls Investing Podcast podcast page.