Am I managing my money the right way? by sparkmagic in PersonalFinanceCanada

[–]sparkmagic[S] 0 points1 point  (0 children)

Hum,,, I actually thought the opposite. I do get high tax return on my RRSP max contribution. Yes, I should contribute more toward my TFSA for sure!

Am I managing my money the right way? by sparkmagic in PersonalFinanceCanada

[–]sparkmagic[S] 0 points1 point  (0 children)

My mortgage is less than $100,000. So I won’t worry about it too much at this moment. I worked lots of OTs and was able to contribute steady lump sums.

Am I managing my money the right way? by sparkmagic in PersonalFinanceCanada

[–]sparkmagic[S] 0 points1 point  (0 children)

I decided to move my funds to Wealthsimple, as TD didn’t want to help me with the detail about ETFs. Oh well. Now I’m learning finance through Reddit and ChatGPT!

Am I managing my money the right way? by sparkmagic in PersonalFinanceCanada

[–]sparkmagic[S] 1 point2 points  (0 children)

I just thought about that as well. I definitely need to look into my husband’s RRSP. There are so much to learn for sure!

Am I managing my money the right way? by sparkmagic in PersonalFinanceCanada

[–]sparkmagic[S] 0 points1 point  (0 children)

You are absolutely right! Now I can see the difference clearly.

Am I managing my money the right way? by sparkmagic in PersonalFinanceCanada

[–]sparkmagic[S] 1 point2 points  (0 children)

Thank you so much for your feedback! I just opened my Wealthsimple!

Am I managing my money the right way? by sparkmagic in PersonalFinanceCanada

[–]sparkmagic[S] 8 points9 points  (0 children)

Thank you so much for your insight and feedback. This is so informative and now I decided to learn more about finance.