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Six personal-finance ideas that have been blown to pieces by the pandemic

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Six personal-finance ideas that have been blown to pieces by the pandemic GlobeInvestor

Your line of credit is your emergency fund

When we talk about long-term saving in Canada, the context is mainly for retirement. The pandemic has reminded us of the importance of saving for emergencies as well. When things calm down, we should think about a savings recalibration. Instead of $100 into retirement plans, how about $75 to retirement and $25 for emergencies?People with tax-free savings accounts based on high-interest savings accounts have been mocked for their timidity and unworldliness.

 

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