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Am I the only one who thought 'pay yourself first' meant my savings account, not my TFSA room?
For about 10 months I was dumping $400 a month into a plain savings account at 1.5% because I thought that counted as paying myself first, and my buddy at work asked why I wasn't maxing the TFSA instead. I ran the numbers on about $4,800 and realized I probably left a few hundred bucks of tax free growth sitting on the table. Anyone else get tripped up on where the money should actually go, or was that just me being clueless?
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ray_martinez8215d ago
$4,800 at 1.5% is like 72 bucks a year, you didn't lose much.
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