It was the Chinese Mid-Autumn Festival (中秋节 [Zhōng qiū jié]) on Wednesday this week! I got together with some of my Chinese friends to eat dinner at our host’s home, marvel at the very bright full moon and nearby Jupiter, and eat moon cakes.
Saving on Taxes and Growing Your Wealth with the Tax Free Savings Account (TFSA)
What is a TFSA? If you live in Canada and you have not started to contribute toward your TFSA, you should start thinking about doing so! What is a TFSA? A TFSA (Tax Free Savings Account) is a special type of investment account that allows your savings to grow tax-free. It is similar to the… [Read More]
How to Take a Frugal Vacation in Paradise
This is a post by guest writer Amo Tango. Sand, beach, heat…sounds like the main ingredients of a well-deserved vacation. Most would think that a vacation in ‘paradise’ would cost an arm and leg, but nowadays, flying is second nature in our society. With globalization and international business affairs everywhere in the world, flying is… [Read More]
How Much of Your Paycheck Do You Need to Survive?
Last week, I compared the benefits and drawbacks of growing an emergency fund versus paying down your mortgage faster. There was a lot of great discussion and commentary on that post; however, I feel that many might have gotten the impression that I was advocating a more aggressive position than I truly believe in. I’m… [Read More]
Is It Worth It to Have an Emergency Fund, or Should I Pay off My Mortgage Instead?
Ever wondered if you should be saving up money in an emergency fund or paying off your debt instead? A long time ago, I looked at whether it was better to pay down your mortgage, or invest the money instead. Today, I’m going to be looking at whether it’s better to keep an emergency fund,… [Read More]
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