About AskMoneyLady

Christine Ibbotson is an Canadian Author, National and Syndicated News Columnist, and Professional Financial Speaker and Presenter. She also has three radio shows called the “Ask The Money Lady Minute,” “Your Money Today” and a live-call in show called “Ask The Money Lady.” She writes for over 630 Newspapers in Canada with over 21 million readers and is heard on 327 radio stations across Canada. Christine is the Author of her book entitled "How to Retire Debt Free & Wealthy" available on Amazon and Indigo. In How to Retire Debt-Free and Wealthy, Christine offers accessible and realistic guidelines in a series of achievable steps, from debt elimination to wealth management, teaching readers how to create their own customizable financial plans.

Dear Money Lady Readers, do you know the difference between the Big-5 Banks and a Canadian Credit Union?

2023-10-13T17:41:25-04:00By |Daily Advice Tips, In the News|

We’re all stressing about inflation and interest rates these days and the demand for “good” financial advice is on the rise. Homeownership, mortgage renewals, investment assistance, and basic budgeting can’t be found on social media sites. That being said, most people automatically gravitate to one of Canada’s largest banks, (BMO, RBC, TD, BNS, and CIBC) especially millennials, and why not? The “Big-5” now dominate this country’s financial sector with approximately $1.05 trillion in [...]

Dear Money Lady, I’m wondering if you can  provide advice on RESPs. We have 2 kids currently aged 14 and 16. We opened a family RESP account…

2023-10-13T17:29:50-04:00By |Daily Advice Tips, In the News|

...approximately 12 years ago contributing monthly.  We have no idea how to plan for future expenses beyond the basic tuition. I’ve read online that a car purchase could be deemed eligible for a student, but I’m not certain. Do I need to get a financial advisor to help? Carol. Dear Carol, I’ve always recommend having a Family RESP plan versus individual plans because it has so much more flexibility – so you were [...]

Dear Money Lady Readers – I’ve received so many emails about this, I wanted to address how some of you may be feeling about the shame of past money decisions now that the interest rates are on the rise.

2023-10-13T17:16:27-04:00By |Daily Advice Tips, In the News|

With the low lending rates that we all enjoyed for over ten years many of us borrowed to improve our lives. We did renovations, upgraded cars, or bought cottages and rental properties. It was easy to qualify, and it seemed like the banks were giving money away. Now that the rates are on the rise, and we are being told we may never see them down to the 2% range again – [...]

Dear Money Lady, I have to renew my fixed rate mortgage into a rate that is now 4% higher…

2023-10-13T17:07:45-04:00By |Daily Advice Tips, In the News|

... and I was not sure what term to choose. What should I do? Thanks, Jenn. Dear Jenn, Great question – now is the time to lock up a mortgage renewal into a shorter term to ride things out! I was driving back from Toronto last week and I was flipping through all the radio channels, and I came across this guy spouting off mortgage advice to listeners which was so [...]

Have you ever looked at the story of your life and decided you wanted a different one?

2023-10-06T15:08:48-04:00By |Daily Advice Tips, In the News|

Often times the new story to a new life is right in front of you, but for whatever reason we can’t see it, can’t feel it, and certainly can’t imagine making a change. Changing the course of your future always brings new opportunities that in the beginning could never be imagined. A new career, new friends, more money, more love, it is all there for those who want a different story. Of [...]

Dear Money Lady, In my newspaper this morning there was an article from you on the subject of reverse mortgages…

2023-10-06T15:11:38-04:00By |Daily Advice Tips, In the News|

... A lady on a fixed income had written you seeking your advice on this subject.  A couple of years ago I was considering a reverse mortgage because I was in a similar situation - asset rich, cash poor. Then I read an article from you on the subject of a collateral charge, and I watched your video on youtube and decided this was a better option for me. The reverse mortgage companies [...]

Are you taking advantage of the July Benefits from the Canadian Government?

2023-10-06T14:48:37-04:00By |Daily Advice Tips, In the News|

Due to higher interest rates, increased inflation and the rising costs of the basics, families all across Canada are feeling the squeeze. This is especially painful for our seniors on a fixed income. There are two ways that inflation hits a retirement portfolio. First you withdraw more to meet the higher priced living expenses and second the central banks increase interest rates, which pushes down share prices and reduces the value of equity [...]

Dear Money Lady, We can’t earn enough to save anything for the future. My husband works two jobs, we have three kids, and it’s just not possible to save…

2023-10-06T14:43:11-04:00By |Daily Advice Tips|

...We do own a home, but I honestly believe we will never have it paid off. Short of my husband getting another job, do you have any ideas on what we could do? Candice Thank you Candice for your question – with all the talk in the media about more employment positions than applicants, we still need to be reminded that today’s living expenses are increasing faster than employment incomes and many [...]

Dear Money Lady, I have recently separated from my partner and am finding it really hard to figure out my finances and make ends meet…

2023-10-06T14:35:06-04:00By |Uncategorized|

... I am only making the interest payments on my credit line that is now maxed and I have cancelled my gym membership and even Netflix. I don’t even want to indulge in buying grapes at the store because I can’t afford it. Please help! Julie   Dear Julie – Hang in there, it will get better! Divorced, separated, and starting over can be very hard on you personally, [...]

My advisor suggested investing in annuities and the way he made it sound I was really thinking of doing it. Could you tell me what you think?

2023-09-30T14:45:26-04:00By |In the News|

Annuities are a great way to save for the future and usually chosen by someone who does not want to be concerned with the ups and downs of the stock market, but instead prefers a “set-it and leave-it” strategy with a guaranteed monthly income for life. All annuities are insurance products and vary widely based on the provider. Clients can choose an index tailored to specific profiles, such as conservative, moderate, [...]

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