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Season 2 Episode 7: Savings & Debt

207 - Mar 1, 2019

Toyin and Josh are a remarkably frugal couple who once experienced the stress of being in debt but now vow to never spend more than they earn. As a debt counselor, Toyin spreads their gospel: only buy something new if you can afford three of them. Now, Toyin and Josh want to buy a custom-built house. How can they do that without going into debt?

Another couple, Ben and Chantale, are just managing to balance their budget. They both earn a decent wage and have a solid nest egg of savings. Childcare is their biggest expense and with a second baby due soon, they worry that will tip the balance. Will they manage to still enjoy the occasional special night out? Or will a second child mean they incur more debt than they can manage?

Finally, Jessi and Tahza both earn a good wage, but spend beyond their means. In order to bring in some extra cash, they have a rental property, but the cost of fixing it up is higher than they expected. They are running out of time and money and are drowning in debt.


  • The average Canadian saves 5% of their income.
  • 48% of Canadians were never taught money management as children.
  • Canadian university students typically graduate with a debt load of $27,000.
  • A healthy credit score is between 600-900. The average Canadian scores around 600.
  • 48% of Canadians live paycheque to paycheque.
Season 2 episodes