Skip to main content

The Globe and Mail

Rob Carrick's Reader: Pay down debt, skip the TFSA

last puzzle piece to be debt free. Personal finance, debt, savings, debt-free

Alex Croft/Getty Images/iStockphoto

The best of the Web on money, markets and all things financial, as chosen daily by Globe and Mail personal finance columnist Rob Carrick.

Pay Down Debt, Skip The TFSA

A look at when it makes sense to pay down debt instead of contributing to a tax-free savings account. The simple math in this example: Mortgage at 4.35 per cent, TFSA making 1.75 per cent in a high rate savings account.

Story continues below advertisement

Insurance Buyer's Guide

This infographic will guide you through the process of deciding what kinds of insurance you need.

Stocks For Goats

Market forecaster John Hussman sees 25 per cent losses coming in a stock market he describes as a " goat rodeo." Hussman's track record: He got 2007 right, but has missed a couple since then.

Goodbye, Oil

There are 15,281 days left until the global oil supply runs out. That's according to a hypnotic website called Worldmeters that keep a running tab on global statistics like births, deaths, government spending, blog posts, money spent on video games and energy consumption.

Personal Finance on Facebook

Story continues below advertisement

Subscribe to my Facebook page to hear what people are saying on issues like whether to use stocks, exchange-traded funds or mutual funds.

Follow us on Twitter: @globemoney

Editor's note: If you don't receive Rob Carrick's newsletter twice weekly by email, you can sign up to get it for free at The Globe and Mail. All you need to do is register for the site, or if you've already registered, log in and go to your profile at the top of the homepage. Once you're in your profile, look under Newsletters and Alerts and look for the Personal Finance Reader and other newsletters. Other financial newsletters include: Business Ticker, a summary of the day's top business stories; Berman's Market Update, a summary of the markets at the open, noon and close; and All-Star Investors, a monthly collection of articles exploring an investing trend or theme.

Report an error Licensing Options
About the Author
Personal Finance Columnist

Rob Carrick has been writing about personal finance, business and economics for close to 20 years. He joined The Globe and Mail in late 1996 as an investment reporter and has been personal finance columnist since November 1998.Rob's personal finance columns appear in The Globe on Tuesday and Thursday, and his Portfolio Strategy column for investors appears on Saturday. More

Comments are closed

We have closed comments on this story for legal reasons. For more information on our commenting policies and how our community-based moderation works, please read our Community Guidelines and our Terms and Conditions.

Combined Shape Created with Sketch.

Combined Shape Created with Sketch.

Thank you!

You are now subscribed to the newsletter at

You can unsubscribe from this newsletter or Globe promotions at any time by clicking the link at the bottom of the newsletter, or by emailing us at