Prepping finances for a post-pandemic world, from emergency funds to spending savings

The pandemic lead to one of Canada’s worst economic years on record. Millions of Canadians have lost their jobs and been put in dire financial circumstances. An emergency fund may seem like a solution, and according to the Bank of Canada, household savings have hit an all-time high of $180 billion. With that said, what are the smartest ways to put those savings to work? Can we invest and get out of debt? How do we position our finances for a post-pandemic future? Guest: Preet Banerjee, personal finance expert and host of the “Mostly Money” podcast.

If you would like to support the journalism of the Toronto Star, you can subscribe at thestar.com/subscribingmatters.