http://www.four-pillars.ca/2008/04/09/emergency-funds-and-tax-free-savings-account/ Investing and Personal Finance Fri, 19 Mar 2010 14:37:32 -0400 http://wordpress.org/?v=2.9.2 hourly 1 http://www.four-pillars.ca/2008/04/09/emergency-funds-and-tax-free-savings-account/comment-page-1/#comment-13918 -> Festival of Frugality #121 - Tax Day Edition is up! | Bible Money Matters Tue, 28 Apr 2009 21:12:19 +0000 http://www.four-pillars.ca/2008/04/09/emergency-funds-and-tax-free-savings-account/#comment-13918 [...] Pillars presents Emergency Funds and Tax-Free Savings Account posted at Quest For Four [...] [...] Pillars presents Emergency Funds and Tax-Free Savings Account posted at Quest For Four [...]

]]> http://www.four-pillars.ca/2008/04/09/emergency-funds-and-tax-free-savings-account/comment-page-1/#comment-5285 This and That Fri, 18 Apr 2008 10:52:50 +0000 http://www.four-pillars.ca/2008/04/09/emergency-funds-and-tax-free-savings-account/#comment-5285 [...] Four Pillars wrote about using the new Tax-Free Savings Account for an emergency account. [...] [...] Four Pillars wrote about using the new Tax-Free Savings Account for an emergency account. [...]

]]> http://www.four-pillars.ca/2008/04/09/emergency-funds-and-tax-free-savings-account/comment-page-1/#comment-5205 » Festival of Frugality #121- Tax Day! on the Festival of Frugality Tue, 15 Apr 2008 10:59:28 +0000 http://www.four-pillars.ca/2008/04/09/emergency-funds-and-tax-free-savings-account/#comment-5205 [...] one post that mentioned taxes (and it wasn’t about filing taxes) - Four Pillars discussed  Emergency Funds and Tax-Free Savings Accounts.  But there were an astounding 12 editor’s picks in this [...] [...] one post that mentioned taxes (and it wasn’t about filing taxes) – Four Pillars discussed  Emergency Funds and Tax-Free Savings Accounts.  But there were an astounding 12 editor’s picks in this [...]

]]> http://www.four-pillars.ca/2008/04/09/emergency-funds-and-tax-free-savings-account/comment-page-1/#comment-5161 MBN Group Writing Project: Emergency Funds : MoneyBlogNetwork Mon, 14 Apr 2008 13:36:47 +0000 http://www.four-pillars.ca/2008/04/09/emergency-funds-and-tax-free-savings-account/#comment-5161 [...] Quest for Four Pillars: Emergency Funds and Tax-Free Savings Account [...] [...] Quest for Four Pillars: Emergency Funds and Tax-Free Savings Account [...]

]]> http://www.four-pillars.ca/2008/04/09/emergency-funds-and-tax-free-savings-account/comment-page-1/#comment-5120 Prime Time Money: Canadian Roundup | Prime Time Money Sat, 12 Apr 2008 02:31:22 +0000 http://www.four-pillars.ca/2008/04/09/emergency-funds-and-tax-free-savings-account/#comment-5120 [...] Pillars shares his new ideas for emergency funds and tax free savings. Canadian Dream talks about coping with an early retirement obsession. SquawkFox shares a video [...] [...] Pillars shares his new ideas for emergency funds and tax free savings. Canadian Dream talks about coping with an early retirement obsession. SquawkFox shares a video [...]

]]> http://www.four-pillars.ca/2008/04/09/emergency-funds-and-tax-free-savings-account/comment-page-1/#comment-5075 Four Pillars Wed, 09 Apr 2008 15:28:26 +0000 http://www.four-pillars.ca/2008/04/09/emergency-funds-and-tax-free-savings-account/#comment-5075 Cheap - no, it isn't much different. However, a lot of people like the psychological effect of having CASH so the TFSA will help them in a more tax-efficient manner. Cheap – no, it isn’t much different. However, a lot of people like the psychological effect of having CASH so the TFSA will help them in a more tax-efficient manner.

]]> http://www.four-pillars.ca/2008/04/09/emergency-funds-and-tax-free-savings-account/comment-page-1/#comment-5073 Mr. Cheap Wed, 09 Apr 2008 14:47:26 +0000 http://www.four-pillars.ca/2008/04/09/emergency-funds-and-tax-free-savings-account/#comment-5073 TFSA is interesting, but everyone seems to be scratching their heads to come up with a good use for it. I think a savings account for a large purchase (and doubling as an emergency fund) is as good a use as any. If its there, you might as well use it, however its doesn't seem RADICALLY better than using a LOC for emergencies, and just selling enough of your long term investments to pay for the vehicle (when the time comes). Or prepaying your mortgage, then buying the car with the larger resulting HELOC. TFSA is interesting, but everyone seems to be scratching their heads to come up with a good use for it. I think a savings account for a large purchase (and doubling as an emergency fund) is as good a use as any. If its there, you might as well use it, however its doesn’t seem RADICALLY better than using a LOC for emergencies, and just selling enough of your long term investments to pay for the vehicle (when the time comes). Or prepaying your mortgage, then buying the car with the larger resulting HELOC.

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