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A financial wellness platform empowering ambitious women to take control of their money, build wealth, and live intentionally.


Wealth-Building Meets Well-Being.

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For generations, women have been told not to talk about money, to save money on the little things & leave big financial decisions to someone else. It's time to rewrite the rules.

💡 Gain access to expert-led workshops, 1:1 Coaching, exclusive resources, and a network of like-minded women building wealth & breaking barriers.

Money Isn’t Taboo—It’s Key to Our Well-Being.

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<h2 style="white-space:pre-line">What’s Inside the FemFinancial Membership?</h2>
<p>A supportive space where financial education meets holistic well-being. Inside, you’ll get:</p>
<p> ✅ Live Virtual Workshops &amp; Guest Expert Sessions<br /> ✅ 5-Module Self-Guided Financial Wellness Course<br /> ✅ Quarterly Financial Challenges &amp; Accountability Channels<br /> ✅ Digital Downloads &amp; Financial Planning Templates<br /> ✅ A Private Community of Like-Minded Women<br /> ✅ Exclusive Library of Money &amp; Mindset Practices<br /> ✅ Annual 1:1 Personal Finance Coaching Call (with options to upgrade for more coaching)</p>

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At FemFinancial, we are here to help you:

 ✔ Reframe your money mindset
✔ Align spending with personal values & priorities
 ✔ Create financial habits that support overall well-being
 ✔ Build long term long-term security & generational wealth
 ✔ Align finances with your goals & lifestyle

Money is more than numbers—it’s about choices, freedom, & well-being. 

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Money mindfulness, investing insights, and wealth-building strategies—all in one place. 

A monthly newsletter to transform how you feel about money.

Recent blog posts

<h2>Understanding RRSPs and TFSAs</h2>
<p>Registered Retirement Savings Plans (RRSPs) and Tax-Free Savings Accounts (TFSAs) are two of the most popular investment vehicles in Canada. Despite their widespread use, many misconceptions surround these financial tools. This article aims to debunk some of these myths and provide accurate information about RRSPs and TFSAs, helping Canadians make informed decisions about their savings.</p>

<figure id="figure-q0nxpp0xbm6kym1f4"><img id="q0nxpp0xbm6kym1f4" src="https://media.gettyimages.com/id/2162618050/photo/2025-new-year-and-piggy-bank-on-the-table.jpg?b=1&s=2048x2048&w=0&k=20&c=sjTiZUGTLG3_KXjlJRKkoY5Ii04nmQbqSVKCpQwjAfw=" alt="savings account" class="object-cover bg-gray-100" style="aspect-ratio: 16/9"></figure>

<h3>Myth: Contributions to a TFSA Are Tax-Deductible</h3>
<p>A common misconception is that contributions to a TFSA are tax-deductible. This is not true. Unlike RRSP contributions, which can be deducted from your taxable income, TFSA contributions do not offer any immediate tax deduction. However, the interest, dividends, and capital gains earned within a TFSA are not subject to tax, making it a powerful tool for tax-free growth over time.</p>

<h3>Fact: RRSP Contributions Can Lower Your Taxable Income</h3>
<p>One of the main advantages of an RRSP is that contributions can be used to reduce your taxable income for the year, potentially placing you in a lower tax bracket. This can lead to a significant tax refund, which many Canadians use to reinvest or pay down debt. It's important to note that while this is a valuable benefit, withdrawals from an RRSP are taxed as income.</p>

<figure id="figure-z5e4s272rom6kym1f4"><img id="z5e4s272rom6kym1f4" src="https://media.gettyimages.com/id/1541988626/photo/close-up-woman-hands-calculates-on-calculator-for-personal-finance-paysckeck-paper-receipt.jpg?b=1&s=2048x2048&w=0&k=20&c=wM8QPA7euZyeFZvhPE0uJ9bOho5yln5eFGwFcjt0ewY=" alt="financial planning" class="object-cover bg-gray-100" style="aspect-ratio: 16/9"></figure>

<h3>Myth: You Can Only Have One RRSP or TFSA</h3>
<p>Some people believe they are limited to having just one RRSP or TFSA account. In reality, you can hold multiple accounts with different financial institutions. This flexibility allows you to diversify your investments and take advantage of various financial products offered by different providers. However, it's crucial to keep track of your contribution limits across all accounts to avoid penalties.</p>

<h3>Fact: Contribution Limits Are Important</h3>
<p>Both RRSPs and TFSAs have annual contribution limits set by the Canadian government. For the 2023 tax year, the TFSA contribution limit is $6,500, while the RRSP limit is 18% of your previous year's earned income, up to a maximum of $30,780. Unused contribution room from previous years can be carried forward, allowing for flexibility in your saving strategy.</p>

<figure id="figure-6k70yxbovgm6kym1f4"><img id="6k70yxbovgm6kym1f4" src="https://media.gettyimages.com/id/961308742/photo/securing-finance-for-their-future-dreams.jpg?b=1&s=2048x2048&w=0&k=20&c=fOx3dfhvhYnGxy2z1heTH43EWxOU9HV1HPtKV9PVIPs=" alt="investment strategy" class="object-cover bg-gray-100" style="aspect-ratio: 16/9"></figure>

<h3>Myth: TFSAs Are Only for Short-Term Savings</h3>
<p>While TFSAs are often used for short-term savings goals due to their flexibility and tax-free withdrawals, they can also be an excellent option for long-term investment growth. Their tax-free nature makes them ideal for holding investments that may generate significant returns over time, such as stocks or mutual funds.</p>

<h3>Fact: Both Accounts Have Unique Benefits</h3>
<p>RRSPs and TFSAs serve different purposes and offer unique advantages. RRSPs are designed primarily for retirement savings and provide immediate tax relief, making them suitable for high-income earners looking to reduce taxable income. TFSAs, on the other hand, offer more flexibility with tax-free growth and withdrawals, making them suitable for both short-term savings and long-term investments.</p>

<h2>Choosing the Right Account for You</h2>
<p>The decision between contributing to an RRSP or a TFSA depends on individual financial goals and circumstances. If your priority is reducing taxable income while saving for retirement, an RRSP might be more beneficial. If you seek flexibility with tax-free growth potential for various savings goals, consider maximizing your TFSA contributions.</p>

<p>Ultimately, understanding the myths and facts about RRSPs and TFSAs will empower Canadians to make strategic financial decisions that align with their personal objectives. By leveraging both types of accounts wisely, you can optimize your savings and achieve greater financial security.</p>

Myths and Facts about RRSPs and TFSAs: What Every Canadian Should Know

Cozy Window Nook with Open Journal And Coffee

<p><br></p><p>Self-care isn’t all bubble baths, manicures, Netflix in bed or treating yourself to something nice: that’s self-soothing.</p><p>The two terms have become interchangeable in popular culture, and although they’re both necessary for your overall wellbeing, they’re not the same.</p><p>Self soothing is treating yourself with things that feel better in the moment. Often this is a tool we turn to when we need to take a break, create some space or re-balance ourselves.</p><p>Self care is doing the hard things- The habits that must be repeated consistently over time that help us to feel good and make positive change. </p><p>I am sure you know what physical and mental self care looks like: things like going to bed at the same time every night, drinking enough water, moving your body (even when you don’t feel like it), eating a balanced diet, setting boundaries with yourself and others... but what does financial self care look like?</p><h2>Understanding Financial Self-Care</h2><p>Financial self-care is an essential part of maintaining both mental and financial well-being. It involves taking active steps to manage your financial health, much like how you would take care of your physical or emotional health. </p><p>One effective way to practice financial self-care is by scheduling regular money dates with yourself. This dedicated time allows you to focus on understanding &amp; improving your financial situation. One run, or one healthy meal won't change our lives, but showing up consistently will. Our finances are no different. <br><br>But how exactly do you go about setting up a money date?</p><h3>What is a Money Date?</h3><p>A money date is a set period you dedicate to reviewing and managing your finances. It's an opportunity to reflect on your spending habits, set financial goals, celebrate progress and make informed decisions about your money. Think of it as a regular check-up, but for your finances. The key to a successful money date is consistency and intention.</p><figure id="figure-gneg8kf1dvm4r8dimo"><img id="gneg8kf1dvm4r8dimo" src="https://media.gettyimages.com/id/1696646597/photo/advisor-financial-business-analytics-woman-team-analyzing-data-charts-graphs-and-a-dashboard.jpg?b=1&s=2048x2048&w=0&k=20&c=YxJGKcVtTQpjMTdwIYUQb5Vc6HodhmdEnHfhjxdUdhU=" alt="Advisor financial business analytics woman team analyzing data charts, graphs, and a dashboard on laptop screen. Data analysis concept" title="Advisor financial business analytics woman team analyzing data charts, graphs, and a dashboard on laptop screen. Data analysis concept" class="object-cover bg-gray-100 rounded-sm md:rounded-md lg:rounded-lg" style="aspect-ratio: 16/9; object-position: center center;" data-corners="default" data-aspect="16:9" data-caption="" data-positionX="null" data-positionY="null" data-fullWidth="false"/></figure><h3>Setting Up Your Money Date</h3><p>Start by choosing a regular time and place that suits your schedule and makes you feel comfortable. Whether it's weekly or monthly, consistency is crucial. You might prefer a quiet Sunday morning or a relaxed evening after work. Make sure it's a time when you're not rushed and can focus fully on your finances. 15- 30 minutes is all you need!</p><p>Next, prepare for your money date by having an agenda.</p><h3>Creating a Money Date Agenda</h3><p>To keep your money date productive, it's helpful to have an agenda. Here are some tasks you might include:</p><ul><li>Review and update your monthly <a data-mce-href="https://femfinancial.kit.com/15a102fd92" href="https://femfinancial.kit.com/15a102fd92">budget</a>- check out my intentional spending &amp; saving tracker if you don't have your own.</li><li>Review your spending habits from the previous month and look for trends</li><li>Set or reassess financial goals.</li><li>Plan for upcoming expenses.</li><li>Check on savings and investment accounts.</li><li>See if you have any leftover income to contirbute towards an extra debt payment</li><li>Set some money or career intentions for the next 6-12 months</li><li>Cancel unused subscriptions</li></ul><figure id="figure-p5o1smybasm4r8dnip"><img id="p5o1smybasm4r8dnip" src="https://media.gettyimages.com/id/1791203312/photo/young-african-american-woman-writing-in-notebook-at-home-with-sun-rays.jpg?b=1&amp;s=2048x2048&amp;w=0&amp;k=20&amp;c=Rmpr0gyqDHvNczQb8-EJu6H3sX7TvH1Tr5aj_pLWbuk=" alt="Young African American woman writing in notebook at home with sun rays" title="Young African American woman writing in notebook at home with sun rays" class="object-cover bg-gray-100 rounded-sm md:rounded-md lg:rounded-lg" style="aspect-ratio: 16/9; object-position: center center;" data-corners="default" data-aspect="16:9" data-caption="" data-positionx="null" data-positiony="null" data-fullwidth="false" data-mce-src="https://media.gettyimages.com/id/1791203312/photo/young-african-american-woman-writing-in-notebook-at-home-with-sun-rays.jpg?b=1&amp;s=2048x2048&amp;w=0&amp;k=20&amp;c=Rmpr0gyqDHvNczQb8-EJu6H3sX7TvH1Tr5aj_pLWbuk=" data-mce-style="aspect-ratio: 16/9; object-position: center center;"></figure><h3>Staying Focused and Positive</h3><p>During your money date, it's easy to become overwhelmed by numbers and financial jargon. However, remember that this is an opportunity to take control of your financial future. Stay focused on the positive changes you've made and the goals you're working towards. If you encounter issues, take them as learning opportunities rather than setbacks.</p><p>Use this time to reflect on what financial self-care means to you personally. Are there areas where you can improve? Are there financial habits you’re proud of? Acknowledging both successes and challenges can help maintain a balanced perspective.</p><figure id="figure-ifltws697gm4r8dzbf"><img id="ifltws697gm4r8dzbf" src="https://cdn.durable.co/getty/e7VqOaoOpVIM3gqFNj48umUd5A4oOmUWF4YhikgLCLTSD2q6m0RmmjPB37ghjSHT.jpeg" alt="personal finance" class="object-cover bg-gray-100 rounded-sm md:rounded-md lg:rounded-lg" style="aspect-ratio: 16/9;" data-mce-src="https://cdn.durable.co/getty/e7VqOaoOpVIM3gqFNj48umUd5A4oOmUWF4YhikgLCLTSD2q6m0RmmjPB37ghjSHT.jpeg" data-mce-style="aspect-ratio: 16/9;"></figure><h2>The Benefits of Regular Money Dates</h2><p>Regular money dates can lead to significant improvements in your financial health. By staying organized and proactive, you can avoid unnecessary stress and make informed decisions that align with your long-term goals. Furthermore, understanding your finances can boost your confidence and help you develop a healthier relationship with money.</p><p>Ultimately, practicing financial self-care through money dates is about creating a sustainable routine that supports your overall well-being. As you continue to make these dates a habit, you'll find managing your finances becomes less daunting and more empowering.</p><p><br></p>

Practicing Financial Self-Care: How to Schedule a Money Date with Yourself

Ideas vs coins on scales, weights with light bulbs, and dollar coins.

<h2>Understanding the reality of reaching our goals</h2><p>When it comes to money and our dreams we would all like the easy way out- visualize, dream it, manifest it, wait for someone to make it happen. You know, like have the goals come true without having to do the tough work and implement best practices.&nbsp;</p><p>I believe in the power of our mindset, in fact, I believe we can't take control of our finances without taking control of our mindset first,&nbsp;but there are 3 Tough Money Mindset Truths that are important to hear and acknowledge.</p><figure id="figure-61492elo15m4d4x7yw"><img id="61492elo15m4d4x7yw" src="https://media.gettyimages.com/id/1459538299/photo/woman-hands-or-lotus-pose-meditation-on-sunset-beach-ocean-or-sea-in-mental-health-mind.jpg?b=1&amp;s=2048x2048&amp;w=0&amp;k=20&amp;c=7ot_2v5_9dUySfXTD7EglzJH8iHP3N9J5BpBz7YBxW0=" alt="Woman, hands or lotus pose meditation on sunset beach, ocean or sea in mental health, mind training or chakra balance. Zoom, peace or zen yogi in calm mudra, relax yoga wellness or sunrise gratitude" title="Woman, hands or lotus pose meditation on sunset beach, ocean or sea in mental health, mind training or chakra balance. Zoom, peace or zen yogi in calm mudra, relax yoga wellness or sunrise gratitude" class="object-cover bg-gray-100 rounded-sm md:rounded-md lg:rounded-lg" style="aspect-ratio: 16/9; object-position: center center;" data-corners="default" data-aspect="16:9" data-caption="" data-positionx="null" data-positiony="null" data-fullwidth="false" data-mce-src="https://media.gettyimages.com/id/1459538299/photo/woman-hands-or-lotus-pose-meditation-on-sunset-beach-ocean-or-sea-in-mental-health-mind.jpg?b=1&amp;s=2048x2048&amp;w=0&amp;k=20&amp;c=7ot_2v5_9dUySfXTD7EglzJH8iHP3N9J5BpBz7YBxW0=" data-mce-style="aspect-ratio: 16/9; object-position: center center;"></figure><h2>01- A goal without a plan is just a wish.</h2><p>Sure you can set goals, manifest and have all the intention in the world of making them come true and opening yourself up to the world- but if you don’t have a plan for your goals, it doesn’t matter how much you WANT them.</p><p>The first step towards making change is definetly dreaming big and setting a goal. I am the first person to encourage you to dream big, believe that you are capable and worthy of abundance and reaching your goal. Once you have a goal in mind it is time to make an actionable plan to actually reach that goal.<br><br>Pro tip on goal setting: the goal needs to be specific, not some open ended unclear goal like: I want to be rich or I want to live in a million dollar home, or I want to be debt free.</p><p>No, lets get specific. What does rich or financial freedom look like for you? How much money would you like to save for your dream house? How much debt do you need to pay off to be debt free? There are no judgements, but make sure you are getting clear and concise on your goals.&nbsp;<br><br>Once you have a specfic goal, you can start to make a timeline, break it down into smaller goals and create an actionable plan.&nbsp;<br><br>Let's stop wishing &amp; start doing.&nbsp;</p><figure id="figure-56oiuc23bwm4d4xbby"><img id="56oiuc23bwm4d4xbby" src="https://media.gettyimages.com/id/1650635552/photo/blue-sky-with-clouds-and-country-road-with-white-arrow.jpg?b=1&amp;s=2048x2048&amp;w=0&amp;k=20&amp;c=FGPuqG6NzW5rgdYnmkgfRY-A4yGP_XA-1l_zSYU9b18=" alt="Blue sky with clouds and country road with white arrow" title="Blue sky with clouds and country road with white arrow" class="object-cover bg-gray-100 rounded-sm md:rounded-md lg:rounded-lg" style="aspect-ratio: 16/9; object-position: center center;" data-corners="default" data-aspect="16:9" data-caption="" data-positionx="null" data-positiony="null" data-fullwidth="false" data-mce-src="https://media.gettyimages.com/id/1650635552/photo/blue-sky-with-clouds-and-country-road-with-white-arrow.jpg?b=1&amp;s=2048x2048&amp;w=0&amp;k=20&amp;c=FGPuqG6NzW5rgdYnmkgfRY-A4yGP_XA-1l_zSYU9b18=" data-mce-style="aspect-ratio: 16/9; object-position: center center;"></figure><h3>02- It won't get better unless you do something about it.&nbsp;</h3><p>There is no money fairy, or magic button, or manifestation that will handle our finances, make anything "better" or make things go away. It can’t get better unless you take responsibility or do something about it- no one is coming to save you.&nbsp;</p><p>If you are having anxiety about past financial mistakes and that is preventing you from taking action, just remember, EVERYONE has made financial mistakes, if anyone tells you otherwise, they're lying.&nbsp;</p><p>Everyone makes financial mistakes, but the important part is learning from them. Whether it's a poor investment choice or overspending, these experiences offer valuable lessons. Acknowledging and analyzing your mistakes can help you avoid repeating them in the future and improve your financial decision-making skills.</p><p>It's essential to forgive yourself for past missteps and use them as stepping stones towards taking responsibility and action for a better financial future.&nbsp;</p><p>And to the women out there who are looking for Prince Charming to come save them and handle the finances, read my post about <a data-mce-href="https://femfinancial.ca/blog/5-reasons-why-your-man-should-not-be-your-financial-plan" href="https://femfinancial.ca/blog/5-reasons-why-your-man-should-not-be-your-financial-plan">Why Your Many Should not be your Financial Plan </a>before you finish reading this blog.</p><figure id="figure-nkoex7zjhqm4d4xf1q"><img id="nkoex7zjhqm4d4xf1q" src="https://media.gettyimages.com/id/1365137385/photo/place-of-work-in-office-calculator-laptop-computer-glasses-at-office-desk.jpg?b=1&amp;s=2048x2048&amp;w=0&amp;k=20&amp;c=6u9qvmSaemM1ZH4Pb1NHu9Q1ao4Py6rWqbhB53KrKsY=" alt="Place of work in office, calculator, laptop computer, glasses at office desk" title="Place of work in office, calculator, laptop computer, glasses at office desk" class="object-cover bg-gray-100 rounded-sm md:rounded-md lg:rounded-lg" style="aspect-ratio: 16/9; object-position: center center;" data-corners="default" data-aspect="16:9" data-caption="" data-positionx="null" data-positiony="null" data-fullwidth="false" data-mce-src="https://media.gettyimages.com/id/1365137385/photo/place-of-work-in-office-calculator-laptop-computer-glasses-at-office-desk.jpg?b=1&amp;s=2048x2048&amp;w=0&amp;k=20&amp;c=6u9qvmSaemM1ZH4Pb1NHu9Q1ao4Py6rWqbhB53KrKsY=" data-mce-style="aspect-ratio: 16/9; object-position: center center;"></figure><h2>03- Your physical, mental, emotional &amp; spiritual health all affect your financial health and wellbeing.</h2><p>Money is not just about numbers; it also involves emotions. Recognizing the emotional aspect of finances is another challenging truth to confront. Stress, anxiety, and fear can significantly impact your financial decisions. It's crucial to develop a healthy relationship with money by understanding your emotional triggers and learning how to manage them.</p><p>Practicing mindfulness and self-reflection can help you gain clarity on your emotional responses to financial situations. This awareness will enable you to make more rational and informed decisions, leading to better financial outcomes.</p><p>In order to make positive changes with our financial decision making and build good habits, we need to have a positive mindset, mental clarity and increased focus which stems from our physical, mental &amp; emotional wellbeing.&nbsp;<br><br>You'll notice in my <a data-mce-href="https://femfinancial.ca/blog/5-steps-to-kickstart-your-financial-wellness-journey" href="https://femfinancial.ca/blog/5-steps-to-kickstart-your-financial-wellness-journey">5 Step Guide to Kickstart your Financial Wellness Journey</a>, the first step has nothing to do with finances. I encourage everyone to start simple by literally taking the first step. Daily walking &amp; movement.&nbsp;</p><p>** Bonus** when you treat yourself well, you are much more likely to attract more abundance in your life.</p><figure id="figure-0zidv77tqom4d4xigq"><img id="0zidv77tqom4d4xigq" src="https://media.gettyimages.com/id/1312681358/photo/stacking-coins-and-many-gold-bar-money-bag-of-tree-with-growing-put-on-the-wood-on-the.jpg?b=1&amp;s=2048x2048&amp;w=0&amp;k=20&amp;c=GtyakoUAOzRiBKTC11mlv2g4WNhwLBeXzl43lZ6TA2Y=" alt="Stacking coins and many gold bar money bag of tree with growing put on the wood on the morning sunlight in public park, Saving money and loan for business investment concept." title="Stacking coins and many gold bar money bag of tree with growing put on the wood on the morning sunlight in public park, Saving money and loan for business investment concept." class="object-cover bg-gray-100 rounded-sm md:rounded-md lg:rounded-lg" style="aspect-ratio: 16/9; object-position: center center;" data-corners="default" data-aspect="16:9" data-caption="" data-positionx="null" data-positiony="null" data-fullwidth="false" data-mce-src="https://media.gettyimages.com/id/1312681358/photo/stacking-coins-and-many-gold-bar-money-bag-of-tree-with-growing-put-on-the-wood-on-the.jpg?b=1&amp;s=2048x2048&amp;w=0&amp;k=20&amp;c=GtyakoUAOzRiBKTC11mlv2g4WNhwLBeXzl43lZ6TA2Y=" data-mce-style="aspect-ratio: 16/9; object-position: center center;"></figure><p>Confronting these tough money mindset truths may be challenging, but doing so will empower you to take control of your financial future.</p><p> Remember that building wealth is a journey that requires a positive abundance mindset COUPLED with simple &amp; effective actionable strategies. Dream big, you deserve it- but you also have to be ready to put in the work.</p>

FemFinancial

Wealth-Building Meets Well-Being.

Money Isn’t Taboo—It’s Key to Our Well-Being.

What’s Inside the FemFinancial Membership?

Money is more than numbers—it’s about choices, freedom, & well-being.

A monthly newsletter to transform how you feel about money.

Recent blog posts

Myths and Facts about RRSPs and TFSAs: What Every Canadia...

Practicing Financial Self-Care: How to Schedule a Money D...

Three Tough Money Mindset Truths You Need to Hear