Whatever your financial situation, it’s important to make sure you can cover the basics — no matter what. Start building an emergency fund that could pay your rent and daily expenses for a few months, should you find yourself with little or no income due to job loss, illness or a new baby.
An easy way to do this is with an automatic transfer from your chequing account into a savings account or Tax-Free Savings Account (TFSA).Start with just $2 a day — or whatever you can afford now — and you won’t even notice it’s gone.
It’s easy to do when you link your savings account or High-Interest TFSA Savings Account to the Simply Save program. It puts money aside automatically when you use your TD Access Card.