Millennial Magpie | Budget Bird
@genymagpie.bsky.social
Budget bird, er, nerd. 🐦⬛ Chattering about personal finance, budgeting, & getting by as an elder millennial living under capitalism.
🎯 Working towards being #debtfree
🎯 Working towards being #debtfree
Consider using your TFSA for investments like ETFs, stocks, or bonds.
These investments have the potential for higher returns than a typical savings account.
These investments have the potential for higher returns than a typical savings account.
August 25, 2023 at 2:44 PM
Consider using your TFSA for investments like ETFs, stocks, or bonds.
These investments have the potential for higher returns than a typical savings account.
These investments have the potential for higher returns than a typical savings account.
When used as a simple savings account, the TFSA protects your interest earnings from taxes.
This is good, but with current low interest rates on savings accounts offered by many big banks, the tax-free benefits aren't fully leveraged.
This is good, but with current low interest rates on savings accounts offered by many big banks, the tax-free benefits aren't fully leveraged.
August 25, 2023 at 2:43 PM
When used as a simple savings account, the TFSA protects your interest earnings from taxes.
This is good, but with current low interest rates on savings accounts offered by many big banks, the tax-free benefits aren't fully leveraged.
This is good, but with current low interest rates on savings accounts offered by many big banks, the tax-free benefits aren't fully leveraged.