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5 Personal Finance YouTube Channels to Help You Manage Your Money

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Sound financial advice is important regardless of your financial situation. Unless you’re so rich that you don’t even have to think about money, there are always ways to cut back on spending, to spend your money more wisely, or to make extra cash.

While you’ll find a wealth of financial advice on the web, a lot of it can be confusing, frustrating, or unapproachable. By contrast, these personal finance YouTube channels will help you manage your money in a sensible manner.

1. The Dave Ramsey Show

Dave Ramsey is a well-known financial guru. He focuses on helping families become more financially disciplined in order to get out of debt. In addition to writing several books, he also has a daily financial radio show that you can watch live on YouTube.

While he can come off as a bit brash at times, there’s a lot of great financial advice here. And it will be especially useful for those really struggling to get their finances under control.

If you don’t have time to watch or listen to the full three-hour shows, the channel regularly posts short clips from the episodes that cover certain topics. Dave takes calls from listeners, addresses interpersonal money issues, and more.

In the clip above, Dave talks to a caller whose girlfriend is hesitant to discuss money matters with him. He looks into how this could become a real issue for a couple, and discusses how vital good money management is in a marriage.

Another caller asks Dave what she should do with a $10,000 tax refund. It’s a good illustration of Ramsey’s “Baby Steps” plan, as he looks at the best things she can do with that extra cash flow.

For more advice on personal money matters, why not listen to these podcasts that will help you get out of debt.10 Podcasts That’ll Help You Save Money & Get Out of Debt10 Podcasts That’ll Help You Save Money & Get Out of Debt There are a lot of money-related podcasts out there, but these 10 are the best for helping you get out of debt and master your money. Read More

2. The Financial Diet

This channel doesn’t feature the deepest financial advice you’ll ever find, but it does offer some practical tips for people looking to take a more proactive approach to their finances. It hosts three shows per week:

  • Making It Work on Thursdays features video essays of success stories from real people.
  • The Lifestyle Fix on Fridays looks at how to make your life better on a budget.
  • The Financial Diet on Tuesdays covers general financial topics.

While you might think about personal finance as an unapproachable topic, you can break it down into smaller segments, helping you to get started. This video in The Financial Diet series discusses six ways you can make financially smart decisions before you even wake up.

We’re all familiar with shopping on Amazon for the convenience and selection. But this Lifestyle Fix video points out some products that you should never buy on Amazon because you can save money by shopping elsewhere.

3. The Money Guy Show

The Money Guy Show is another money-focused show that offers live episodes as well as clips on all sorts of topics. You’ll find everything from rates of return to tax penalties to 401(k)s and more covered. The channel has a huge archive of videos to browse through, so you can pick up the basics of many different spheres of finance.

Don’t let the low subscriber count fool you. If you don’t mind the two-host show format, there’s a wealth of valuable content to mull over here.

The above clip looks at some common financial activities that you may have been fooled into thinking are smart investments, but which are actually gambling with your money.

Have you ever been confused by the world of retirement plans? This full video breaks down the different types of 401(k) plans so you can make an informed decision.

4. TruFinancials

Speaking of low subscriber counts, TruFinancials is a criminally underrated channel. Denis does an excellent job of explaining financial topics in an approachable manner. The advice here is well beyond what you’d expect from a smaller channel.

TruFinancials covers living frugally, credit cards, bank accounts, and more.

In this clip, Denis looks at how paying just an extra $100/month on a student loan can drastically reduce the amount of money you’ll pay over the life of the loan.

Budgeting is vital for making a plan for your money and knowing where it’s going. If you struggle with creating a budget, check out the channel’s monthly budget planning and reports videos. This one looks at his budget plan for April 2019.

5. BeatTheBush

Our final channel is another smaller but high-quality channel full of relevant financial topics. The owner is an ex-engineer who strives to save as much money as he can and then share what’s he’s learned with other people.

This video looks at how you don’t need fancy clothes to impress people. Instead, a budget wardrobe and good reputation can speak for itself.

A somewhat meta topic is covered in this clip. BeatTheBush asks how much is really enough, and how this ties into your financial life.

YouTube Is Just One Way to Manage Your Money Better

Of course, while there’s a ton of good advice here, you should weigh up opinions from trusted sources before making any major money-related decisions. But these will at least help you start thinking about your finances in a more critical way, and make decisions to set yourself up for longterm financial success.

For more help with personal finance, check out these tools for people who hate managing their finances.

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Ottawa announces new funding to combat online child abuse

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Ottawa has announced $22 million in funding to fight online child abuse.

Noting that police-reported incidents of child pornography in Canada increased by 288 per cent between 2010 and 2017, Public Safety Minister Ralph Goodale made the announcement Tuesday.

It follows a London meeting last week that focused on the exploitation of children between Goodale and his counterparts from the United States, Britain, Australia and New Zealand, collectively known as the Five Eyes intelligence group.

Major internet companies, including Facebook, Google and Microsoft, were also at the meeting and agreed to a set of rules the members of the group proposed to remove child pornography from the internet quicker.

On Tuesday, Goodale warned internet companies they had to be better, faster and more open when in comes to fighting child abuse on line.

In this Friday, Jan. 12, 2018 photo, detectives use the Cellebrite system to extract information from cellphones at the State Police facility in Hamilton Township, N.J. “Operation Safety Net,” the results of which were announced in December, netted 79 people suspected of exploiting children. (Thomas P. Costello/Asbury Park Press/Canadian Press)

“If human harm is done, if a child is terrorized for the rest of their life because of what happened to them on the internet, if there are other damages and costs, then maybe the platform that made that possible should bear the financial consequences,” Goodale said.

The government plan includes $2.1 million to intensify engagement with digital industry to develop new tools online and support effective operating principles, $4.9 million for research, public engagement, awareness and collaboration with non-governmental organizations and $15.25 million to internet child exploitation units in provincial and municipal police forces across the country.

Goodale said the strategy recognizes that technology is “increasingly facilitating the easy borderless access to vast volumes of abhorrent images.”

That, he said, makes investigations increasingly complex,

“This is a race where the course is always getting longer and more complicated and advancing into brand new areas that hadn’t been anticipated five years ago or a year ago or even a week ago,” Goodale said.

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Gas prices expected to dip in Ottawa

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If you can wait an extra day to fill up the gas tank, your bank account might thank you.

Roger McKnight of Enpro is predicting a five cent dip in gas prices Wednesday night at midnight.

This comes after a four cent drop this past Friday, just ahead of the August long weekend.

McKnight said the reason for the drop, both last week and this week, is due to comments made by US President Donald Trump. 

He says after the drop, the price will be, on average, 118.9 cents/litre in the Ottawa region.

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Oka asks Ottawa to freeze Mohawk land deal, send RCMP to Kanesatake

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The town of Oka is asking the federal and provincial governments to slap a moratorium on a proposed land grant to the local Mohawk community in Kanesatake and to establish an RCMP detachment on the First Nations territory to deal with illegal cannabis sales outlets.

The requests were contained in two resolutions adopted Tuesday night by the Oka town council.

The administration of Oka Mayor Pascal Quevillon held its first public meeting since the start of the controversy that pitted the town council against the Kanesatake band council over a decision by a local promoter to give local lands to the Mohawk community.

The three resolutions are addressed to Prime Minister Justin Trudeau’s government, Quebec Premier François Legault’s government and the Kanesatake band council led by Grand Chief Serge Otsi Simon.

As each resolution was read into the record, Quevillon stressed that the town of Oka was only looking to live in peaceful cohabitation with the Mohawk community.

The town also called upon Ottawa to establish a consultation process that would take into account the concerns of residents in Oka and  Kanesatake.

Quevillon’s administration also wants access to the plans detailing what lands are at the centre of negotiations between the federal government and the Mohawk community for purchase, suggesting the talks are simply a disguised form of expropriation.

“They’re giving money to (the Mohawks) to buy our land and annex it to their territory,” Quevillon said.

Despite its demands, the Oka council adopted an official statement addressed to the Kanesatake band council saying the town’s population wanted dialogue and peaceful cohabitation, with Quevillon citing the 300 years of close links between the two communities.

During the council meeting’s question period, some residents suggested that the council deal with other groups that say they are speaking for Kanesatake, including Mohawk traditionalists. Mayor Quevillon replied that the town would only deal with the band council and did so out of respect for Grand Chief Simon.

The mayor also argued that the RCMP, a federal police force, was best suited to be deployed in Kanesatake, where it would ensure the law would be respected, particularly on the issue of illegal cannabis shops.

Quevillon contended such a deployment was the only way for both communities to work together toward their mutual economic development.

Meanwhile, the apology Grand Chief Simon has said he is expecting from Quevillon for remarks he made earlier this summer about the Mohawk community in Kanesatake does not appear to be coming any time soon.

Asked by a resident if he would apologize, Quevillon left the answer to those citizens who attended the meeting, the vast majority of whom replied, “no.”

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