Quote: Originally Posted by JLM
Yes and no. Sometimes one can not be sure just how to invest, so while they are studying the situation, it's still smart to save. Especially now with tax free savings accounts, which can be converted to mutual funds.
Diversification is key in my mind.
We have TFSA's, RRSP's, a plain savings account, stock investments, real estate investments.... you can't count on one thing. Plus, we invest in hubby's continued education to boost his worth at work.
Quote: Originally Posted by WLDB
I'll start saving when I no longer have a debt to pay down. Putting money away rather than putting it on the debt just doesnt make any sense.
Hubby's company matches us a higher percentage to put money away, than we pay on our loans. So, by paying our debt down slower (his truck lease, which he gets paid from work for, and our mortgage), we actually come out better. A lot of people don't know how to maximize those sorts of company programs.