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It’s Always a Good Time to #StartSaving!

May 20, 2015 By Lena

On the surface, I look like a shopaholic. I overspend on handbags, constantly invest in depreciating assets (ahem, my new Lexus), and collect Disney Pixar Cars. (See that? I’ve stopped pretending they’re for my boys.) So, at first glance, you may shake your head and think, she’s bad with money.

Not true. In the 20 years I’ve had my Visa Card, I’ve never paid a cent of interest. I’ve maxed out my RRSPs for the last few years. And I have a hefty rainy day fund – my trusted Tax Free Savings Account (TFSA). It’s like my best friend.

Wondering if a TFSA is right for you? I daresay it’s right for everyone! Unlike other types of savings, you’re not taxed on the income you earn. It’s a great way to save for your short or long-term goals, because it lets your savings grow – tax-free.

Want to learn more? Join the @TD_Canada #StartSaving Twitter Chat on Friday, May 22nd at 1:00pm EDT. Co-hosted by @LindaMacKay_TD, Senior Vice-President of Retail Savings and Investing at TD, we’ll take you through how easy it is to start saving. Whether you’re putting money aside for a down payment on a house, saving for a major purchase like a car or a vacation, building your rainy day fund or making sure you have enough for a comfortable retirement, a TFSA can help. Start Saving Graphic v2Of course, what would a chat be without prizes? To help you #StartSaving, we’ll be giving way $500 in cash prizes! I’m hoping it’s the perfect motivation for you to open, or transfer the money to, a TSFA. No RSVP required; see you on Friday afternoon!

Filed Under: Contests Tagged With: #StartSaving, TD Canada, TFSA, Twitter Party

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Reader Interactions

Comments

  1. Heidi C.

    May 20, 2015 at 11:42 am

    I really appreciate these financial chats. I find them so helpful.

  2. Tara E

    May 20, 2015 at 4:26 pm

    so important to find that balance between spending/investing/saving!

  3. Guppy

    May 20, 2015 at 5:52 pm

    I was a bit slow signing up for my TFSA so I missed out acquiring a few years of contribution space. I love the program though; can’t believe how fast the interest builds up!

  4. JaimeeM

    May 23, 2015 at 8:50 pm

    Saving is one of the hardest things to do for me. Its always balancing wants vs needs.

  5. Victoria Ess

    July 8, 2015 at 11:21 am

    The TFSA is such a handy savings option.

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Lena Almeida

Toronto Blogger, Social Media Strategist for Listen to Lena Inc. Television & Radio Personality, Columnist and Speaker. Family Travel Expert. Star Wars Fanatic. Perfecting the Art of Conversuasion. Read More…

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