Personal Finance Weekday Help Thread for the week of January 08, 2018 |
- Weekday Help Thread for the week of January 08, 2018
- I believe that to truly get your financial life in order, you need to know exactly where your money comes from and where your money goes. In 2017 i tracked every penny in and every penny out while strictly categorizing it
- Many people seem to have lots of money on here. I have an income of ~30k a year, I have bills like anyone else, and would like to financially progress to the point that I am more financially secure
- Found out I'm going to be a Dad at 22
- 20 years of benign neglect has earned me $500K in various 401(k) accounts. Looking to actually manage them now (finally).
- How much to allocate to retirement vs savings?
- Found myself homeless at 26
- I thought I'd share my budgeting practices: I have 11 accounts with scheduled transfers on every payday.
- Grandparents want SSN to open another college savings account for granddaughter
- Nice apartment and save less, cheaper apartment and save more?
- 19 years old and not sure what to do about my health insurance situation?
- Previous employer contacted me about returning for roughly a week to train my replacement. What do I need to know for discussion on compensation?
- Furnace broke in the middle of the night. It’s a a $6800 repair. Advice?
- Looking for a better job, don’t know where to start
- Synchrony HYS is now at 1.45% APY
- Finally becoming financially literate thanks to y'all, what should I do with my investments?
- Trying to buy an investment property, but might only be able to get an "in-house" loan (US)
- How do I prepare for my mom's after life expenses?
- Parent wasn't informed by dentist about insurance coverage
- Former "employer" keep sending me paychecks.
- Buying out car lease early.
- One time lump sum: Car payment or start a Roth IRA?
- I think I messed up big time!
- In 2017 I archived my very aggressive financial goal
| Weekday Help Thread for the week of January 08, 2018 Posted: 08 Jan 2018 05:08 AM PST If you need help, please check the PF Wiki to see if your question might be answered there.While we never remove posts just because a question is answered in the wiki, this thread is a low-key place to ask any question no matter how "moronic" you think it might be. Make a top-level comment if you want to ask a question! Also, please don't downvote "moronic" questions! If you have not received your answer within 24 hours, you can feel free to start a discussion. A big thank you to the many PFers who take time to answer other people's questions! For past help threads, please search the Weekly Archive. [link] [comments]  |
| Posted: 08 Jan 2018 03:26 AM PST Here is the report I made for myself. I used You Need a Budget 4 to manually enter every single transaction and also managing my budget. I blew my budget quite often but just having numbers and goals written down helped me to control my finances quite a bit. I also used Mint to compare with my YNAB and to categorize all of the transactions. It was a big pain in the ass to do this but i really look forward to the days where i will take an hour or so to reconcile my transactions and make near term plans in my budget. Hopefully this helps you to track your spending and really know what's going on. Edit: A lot of salt here from people that are upset I don't pay for housing or food but many don't realize I've worked hard in my career to get here and that there are thousands of opportunities out there that do the same, you just need to look for them. When I lived in California, I was making ~72K for the same job so this is a substantial paycut. The difference, obviously, is that my COL is so low out here. I do, however, trade that low COL for things that you probably take for granted. I live on a small isolated and very remote island, I can't just leave whenever I want to and I can't just take off for the weekend or the night. I literally live thousands of miles from all my friends and family. The availability of goods is very limited and we face shortages often. The internet is very slow and relatively expensive and goods take weeks to make it out here if you order online. My entertainment options are extremely limited compared to a lot of places. I don't pay at the cafeteria but the food quality isn't that great and I don't choose what they make, I eat whatever they decide to make that day. I have to put up with a ton on inane rules that I have absolutely no say in. Sometimes, staring at the same three square miles and seeing the same faces every single day gets a little old. Infrastructure is crumbling, flights are super expensive in and out, my room is only about 400 sq ft of space, etc. etc. There are many other good points of living here, which is why I've stayed as long as I have but you can see that there are definite drawbacks to living a lower COL life. [link] [comments]  |
| Posted: 08 Jan 2018 05:23 PM PST I am not opposed to hard work and dedication, I have ~90 credits in college but haven't gone in 1 year. Most of these credits are in social sciences towards my associates degree in criminal justice. My steps I can infer myself are: Find a better paying job as is Learn a skill to improve job hours, regularity and open my schedule for schooling. Find an affordable school in South East Pennsylvania where I will be eligible for in state tuition in 10 months I am aware of MIT's advertised free Online Courseware and have an interest in computer science, health/nutrition as well as math. I just don't know the path of achieving and completing these steps so to apply them in my overall goal of financial progress. What are my options to advance my career away from retail management, and educate myself into a position where I can choose a career path that is more fulfilling and financially secure? I am aware many people are on here trading tips on stocks, putting away for retirement, playing with amounts of money I don't make in a year and that's GREAT, I can strive for that but first and foremost my goal is to continue to feel stable on my feet, as I currently feel that something like my car breaking down, or substantial speeding ticket for instance would result in financial ruin. [link] [comments]  |
| Found out I'm going to be a Dad at 22 Posted: 08 Jan 2018 08:45 AM PST So my girlfriend of 6 years just told me yesterday that she's pregnant, we see it as a blessing because of her severe PCOS but I am not in the financial position to raise one. I'm working part time at a pet store with basically no opportunity for promotion and I have no degree. Me and her both are living with my extremely supportive parents who do alright financially so that's a bonus. I'm feeling very worried and I'm seeking some advice Edit: I failed to mention my girlfriend brings in about $880 per two weeks [link] [comments]  |
| Posted: 08 Jan 2018 03:15 PM PST 53/M, annual salary of $93,500 with a 10% bonus potential putting $18k/year into my current 401(k). I have been putting money away for retirement in 401(k) accounts for the past 20 years but embarrassingly have not really paid attention to it. I have now decided to change that and am (or was) in the process of consolidating everything. I have around $150k in my current account with TransAmerica. I have about $120k with Wells Fargo in one old account, around $120K in another account with Harbor Capital, and I had $100k in another account with Fidelity that I just closed and is in a check on its way to me to be rolled into my TransAmerica 401(k). The plan was to roll all of the old accounts into my current account, but after spending the last couple of hours reading the wiki here I am drowning in options and not sure what to do. Any advice? [link] [comments]  |
| How much to allocate to retirement vs savings? Posted: 08 Jan 2018 03:53 PM PST What's everyone thoughts on general rule for what % to allocate to retirement savings? I am 35, no debt, approx $70k annual income, currently max out my roth ($5500), $40K in roth, $22k savings. I rent, and own my car - no payments. I'm wondering if I should defer some funds from my paycheck to the company 401k (no match). Thus far I have not contributed because I was building my emergency fund, and would like to start saving for down payment on a home. I live in a very expensive area where a home will likely run me $500k+. Curious to everyone's thoughts on my current strategy. If I do start saving in the 401k, is the 15% rule gross or net? And to those who are also saving for a down payment for a house - how do you balance this with competing demands like retirement funding? [link] [comments]  |
| Posted: 08 Jan 2018 06:43 PM PST My parents kicked me out on New Year's Day for being gay. I'm currently staying on a friends couch until I go to a homeless shelter. I just got hired as a financial advisor and will get a bonus at some point. I don't have much money and I need advice. [link] [comments]  |
| Posted: 08 Jan 2018 03:14 PM PST I've found PF to be very helpful so I thought I'd share my own methods. My credit union doesn't seem to care how many accounts I have open, so through the years I've opened more and more. Today I have 11 accounts with aliases such as "Transportation", "Home Improvement", etc. My utility debtors (Electric, Gas, Phone, Internet) auto-withdraw from the "Utility" account; DayCare auto-withdraws from the "Kids" account; And everywhere else where applicable. Each payday my bank is scheduled to transfer funds from my primary checking (where direct deposit goes) to each account. After years of doing this there have been good times and there have been great times. At one point my "Transportation" budget had been collecting and collecting - that was until I decided to replace the timing belt ($1,000) on my trusty old car. Anticipating Budget tips: I try to anticipate everything that will come my way. For example I know the registration on my old car is $120. Therefore I schedule $10/mo to come out of my primary checking and in to "Transportation". Similarly I do the same for Tires, Oil Changes, Property Tax, Insurance (Car, Life, Home), Amazon Prime, Local Recreation Area Parking Pass, etc. Transfer tips: In the example of $120 car registration, $10/mo transfer is pretty straightforward ($10 x 12months = $120 per year). More recently however I've preferred to have my funds distributed as soon as I get paid. Every two weeks a transfer would be made for $4.62. ($4.62 x 26 pay periods = $120.12 per year) Since ElectricCompany is going to withdraw from my "Utility" account monthly, and I prefer to transfer bi-weekly as soon as I get paid, I take my average monthly utility bill, multiplied by 12, divided by 26. This number is the amount I transfer bi-weekly. Limitations: I hated carrying more than one debit card. Now I carry only one and then after, buying pizza for example, transfer funds from "Restaurants" to "Primary Checking". There is a low that restricts the number of transfers to/from a savings account per month. Had I have known I would not have opened so many savings accounts. [link] [comments]  |
| Grandparents want SSN to open another college savings account for granddaughter Posted: 08 Jan 2018 03:31 PM PST My wife and I just welcomed in our new baby daughter to this world and we've already taken the liberty to open a 529 plan for her. While my parents visited during the holidays, they stated they wanted our daughters social security number to open their own account for her instead of contributing to the existing 529 plan. What's everyone's thoughts on this? Is this normal? They current live overseas so I'm not sure there are tax benefits. The only thing left I can think of, is that they'd be the account owners rather than us and can do with the money as they please. [link] [comments]  |
| Nice apartment and save less, cheaper apartment and save more? Posted: 08 Jan 2018 01:07 PM PST I'm going to be moving to a new city soon and I've begun looking at apartments. Since it's about a 5 hour move, and a completely new city to me I dont know anyone there, which has made it hard to find roommates. If I'm not able to find someone to move in with I'll be getting my own place. However, I dont know if I should opt for a nicer apartment where I won't be able to save as much per month, or a cheaper apartment allowing me to save more monthly. I'm 22 and will be graduating soon. I have no debt, and already have an emergency fund. I don't have any specific purchase in mind but I'd like to save for 5-7 years in case I want to buy a house or something then. If I decide to go for the nicer apartment in the $900-$1000 per month area I'll be able to save around $500 a month or $6000 per year. If I rent a cheap apartment in the $650-$750 range I'd be able to save over $800 a month, $9600 a year. I've never lived on my own before so I'm not sure if the lower apartment, and assumed quality of living, will be worth the extra money saved. Of course if I can somehow find roommates this question kind of becomes pointless because I could then essentially do both. [link] [comments]  |
| 19 years old and not sure what to do about my health insurance situation? Posted: 08 Jan 2018 06:27 PM PST So earlier this month my mother got married and I also learned that she had not renewed our health insurance for the year. She is now on her new husband's plan which I cannot be on due to the fact I'm not his dependent. I was hoping that since it's a life event that I could get on my step-mothers plan (on my dad's side) since it would be free but it's kind of murky there if I can since I'm not their dependent. The third option I came up with was getting medicaid, but my household income is too high and I'm not sure that I can file independently since I still live with my mother and go to school full-time (although I do pay for my own car insurance, car loan, schooling etc...) Is getting an individual plan in the marketplace the last remaining option for me? And if so it's going to be pretty expensive and only catastrophic from what I've been reading? Oh and to add, I can't get it through my school since they don't offer it. Just was hoping to get some insight into if there was another option out there. [link] [comments]  |
| Posted: 08 Jan 2018 04:29 PM PST I was the accounts payable accountant for a 250-employee medical group. I had a baby this past May and decided to 'retire' to be a stay at home mom. My employer replaced me with a series of temps over the last 8 months. They've finally found a permanent replacement, and they called to ask me to come back for about a week to train them. I was the only one performing these duties in my department. Since I've been gone the other accountant has also left the company and I know they're in kind of a rough spot. I'm going to call them back tomorrow to accept and I want to be prepared for a discussion about compensation. I'm assuming that I'll be paid hourly as a contractor this time. I've never worked as a contractor before, but I'm pretty sure there are tax implications for this. When I left, I was making about $52k per year plus benefits. What's a reasonable amount to request/expect? What kind of questions should I be asking? [link] [comments]  |
| Furnace broke in the middle of the night. It’s a a $6800 repair. Advice? Posted: 08 Jan 2018 07:03 AM PST We bought the house in Sept '16 so I don't think home warranty covers it anymore. Warranty on the system itself expired four years ago. Don't believe homeowners insurance will cover it. Whole system had to be condemned. A crack in one of the plates was causing flames to come through and tripped the safety shutoff. It's also releasing carbon monoxide. It's also 24 years old.... We do have the money, but were actually saving for a new vehicle (baby #3 due in April, family car needs an upgrade). We have $12.5k in the emergency savings. $4000 in our regular savings. Our neighbor had their whole system replaced this year, by the same company who came out for us today. Cost them $6800. Financing is an option (though I'd like to avoid that). Our neighbor recommended shopping around, saying she felt like the company took advantage of them, only offering top of the line systems and whatnot. Is this something to shop around for? Or is a good HVAC system worth investing the money in? Do we finance to save money for our car or do we take the hit and pay out? [link] [comments]  |
| Looking for a better job, don’t know where to start Posted: 08 Jan 2018 04:29 PM PST I know that many people have this desire but I need to ask to make sure that I really don't have any options for the time being. I hate the job I have. I work in a Residential Treatment Center for adolescents and am looking for a job that, despite how boring it may sound, is simply just a desk job. I thrive on consistency, I have no problem working the same schedule every day, and I enjoy the thought of dressing up for work and working 9-5. The only problem is that I have no idea what to do. I live in Southern California, pay $1000 dollars in rent plus bills every month, and barely make enough money to support that. I make $13 an hour and work ~30 hours a week. I'm 19 years old and am hardworking, but am sick of the people that I work for, the people that I work with, and the clients that I deal with. I know that's shitty to say, but it's the truth. I understand that every job is going to have it's share of shitty people, but for the intensity of the job, and the stress that goes along with it, it really isn't worth the people that I deal with. There are lots of nice people here, just the bad ones always seem to say or do something at just the wrong moment. I am looking for a boring office job that provides enough financial security to pay the bills and get me food, preferably paying more that what I make now, with possibility to move up. I have my GED but that's it, and I know that really isn't anything, but I'm hoping you guys might have some suggestions to help me out. Please don't tell me to go to college, or to man up and deal with my job that I have now. I know those are both very helpful, and I will do college at some point but I really can't afford it right now. I know I COULD man up and deal with my job, but a pro/con list informed me that I probably shouldn't. Thank you guys for the help. [link] [comments]  |
| Synchrony HYS is now at 1.45% APY Posted: 08 Jan 2018 03:26 PM PST |
| Finally becoming financially literate thanks to y'all, what should I do with my investments? Posted: 08 Jan 2018 06:21 PM PST I am 28 and married and we have steady (not great) income and no debt. Thanks to decent advice years ago I have some money in investments. We have: $25K in a 401K equivalent (TSP) $29K in various mutual funds $20K in emergency fund So my question is this... what should we do with the 29K in mutual Funds? I'm military and it's doubtful that ill be in one place for long enough to make money on a house, so should I just roll everything into a Roth IRA year by year until I empty it all? Any other suggestions? [link] [comments]  |
| Trying to buy an investment property, but might only be able to get an "in-house" loan (US) Posted: 08 Jan 2018 01:43 PM PST I'm looking into buying a great piece of real estate in a small town. It's on the main road through town, but is zoned as residential and commercial. The property is two lots connected and one section of the building is a store and the other part of the building is a residence. Anyway, because of the dual zoning, I'm being told I'll likely only be able to get an in-house loan, which would be interest rates at 14% or so. Also, it probably would be short term, 5 to 10 years. Does that sound right? Is there a possibility of getting a regular bank loan for it? I have great credit and can pay 20% down. I wouldn't live in the property since I'm renting and working out of town. I want to buy it for somewhere to live later in life, and I'd likely rent it until then. [link] [comments]  |
| How do I prepare for my mom's after life expenses? Posted: 08 Jan 2018 04:16 PM PST My mom has terminal cancer and is expected to die within the next year. I am her financial and medical power of attorney. She has two small life insurance policies, totaling $10,000 that she needs to use for her death expenses. She wants cremation and no funeral. The beneficiaries of the policies are currently split 75% to my brother and 25% to one of my sisters. Additionally, she has roughly $10,000 in credit card debt, around $10,000 in a car note and probably at the very most, $5,000 in miscellaneous debt. She is a compulsive spender, so the credit card debt isn't likely to be any less by the time she dies. She has very good credit and isn't behind on any payments and pays significantly more than the minimum amount due each month, she just uses the majority of the credit available to her. Her income is just over $2,000 per month. She is 70 years old. She currently lives with my sister and is planning to move in with my aunt soon, so she does not have housing expenses. She will need hospice care at some point. What do I need to do to make sure her life insurance pays for her death expenses? What will happen with her debt when she dies? What do I need to do to prepare her and her family financially for her death? [link] [comments]  |
| Parent wasn't informed by dentist about insurance coverage Posted: 08 Jan 2018 05:46 PM PST Crossposted from /r/HealthInsurance My mother has a dental plan through her work insurance. She recently paid a dentist for several procedures for my father, who is in a nursing facility and who the dentist had to visit at the facility due to my father's immobility, adding to the overall cost. My mom was told upfront that the dentist was NOT in the network of my mom's dental insurance, but in my mother's words, the dentist's office told her not to worry about it. Because of this, my mother assumed that she would simply be paying a 15% co-pay, the same as with any other dentist she's ever seen while under this plan. She got the bill today and insurance paid for about $160 of a $1,000+ bill. Based on what she's told me, she gave the dentist's office her insurance info before the dental work was performed, but the dentist's office never, at any point, gave her a statement of what exactly insurance would cover and it was never verbally told to her. According to my mom it simply never came up, which I find incredible. My question is, does my mom have any recourse with insurance, or is her only option to ask the dentist's office to waive whatever fees they might be willing to? And does the dentist's office actually have any culpability in this, or is the onus on my mother? [link] [comments]  |
| Former "employer" keep sending me paychecks. Posted: 08 Jan 2018 07:48 PM PST Hey guys, I really need your advise on my current situation. About a month ago, I applied to a company. I got hired, but a few problem arose due to their bad communication. Short summary: during the interview, I told them I can only do graveyard shift, as I have school, but during training they say they only accept open availability. I worked for them for only 4 days, but it did not work out due to miscommunication about the scheduling. I talked to my recruiter into possibly just putting my employment on hold, until I can be done with school. He sent an e-mail to his superior seeking for advise, but I do not know what have happened after he sent it. I have tried reaching out for an update, but no reply. Now, they have paid me for the 4 days that I worked for them, but the problem is that they keep on sending me paychecks with pay periods that I did not work for them anymore. They have now sent me 3 unaccounted paychecks that I do not know what to do. The first unaccounted paycheck, I have cashed in as I did not pay attention when I got it, the other two I have on hand. The paychecks aren't a huge amount, they total to about $1500. Every paycheck, has a different amount with random work hours. It just makes me more confused how this mistake happened. I do not want any legal trouble, so I come here to seek for your help. What should I do? I have a feeling that the paychecks are going to keep coming, and my greedy mind tells me to cash it all in and pray they do not find out. [link] [comments]  |
| Posted: 08 Jan 2018 07:33 PM PST I entered into a lease of a 2016 Honda Civic around May of 2016. Looking back, I should have purchased rather than leased, but this is where I'm at. One of the other mistakes I've made is not including one of my parents on the title/lease (there credit is great, although I didn't need it), and was kicked off the family insurance plan. There are a couple reasons I'm considering a buyout:
Of the things I'm trying to consider and get a better understanding of is:
[link] [comments]  |
| One time lump sum: Car payment or start a Roth IRA? Posted: 08 Jan 2018 05:15 PM PST 20 year old student (CC, on and off, trying to be more consistent with attending), living at home, working full time. Income of 15.15/hr in retail with quarterly bonuses bonuses, overtimes, always looking to grow this number but for now what I've got isn't so bad. I think my income correlates to a gross of $33k in 2017, and a net of approximately $24k. I do pay my own insurance and have a monthly medical expense costing ~$100, sometimes more. I presently have about $1600 in savings and have been seriously cutting back on extraneous spending. I have a monthly car payment of $273 that I'm just over a year into. It's 6 years, 5.2%, maturity date of October 2022. At present the payoff amount is $13,5xx. I do throw an extra amount every month, ranging from $10 as a minimum to the highest I've done being an extra $100. By the time the last day for a 2017 Roth rolls around, April 17th, I could realistically have 2-3k just chilling around. I already do the 6% my employer will match in a 401k, so I've been wanting to start a Roth. Employer 401k doesn't have the greatest options and as a result doesn't have the greatest return rate. Lets say I have an even $3k, between savings and assuming I can get any tax refund back by the contribution deadline. In the opinion of those more experienced than I, would you suggest putting this money towards the car (paying off 1/4 of my loan balance is very appealing) or start the Roth so I can continue to take advantage of 40-50 years of compounding gains? Edit: I did leave emergency fund out of this. I have a medium sized cash emergency fund, and it would take me a pay cycle or two to easily build one up. This is something I'm working on addition to considering the above options. [link] [comments]  |
| Posted: 08 Jan 2018 11:53 AM PST So last year I was trying to improve my credit so I could buy a small house or trailer on an acre or two in Florida. I was pretty close when everything fell apart. I was at 580 score, I had two small secured credit cards opened that I was using and paying monthly, I had a car loan and a small loan (3500) for furniture that I was making payments to on time each month. Me and my fiancee of 6 years broke up and he left state. I had a couple roommates that decided to stop paying rent, so everything started to go downhill. I was working at home selling insurance and this was during short term season, so money was a real struggle to come by. I was making about 200 a week and my bills were 3000 a month. Obviously it fell apart. My finacee took my car, so changing jobs was nearly impossible and while I tried by getting help from government agencies, trying to get new roommates.. nothing worked out in my favor in the end. Long story short- 3000 still owed to the furniture over 500 owed to a pay day loan service I used both credit cards were small 300 limits and I closed them, but they still had small balances on them, and have been racking up late fees since April. Owed last months utilities from after I moved over 400 Got evicted two months after I signed a new lease! After I left, my roommates still wouldnt leave so the landlord could not take possession of the house, this was in August/Sept. During Irma, I guess the roommates finally had gone, but the landlord didnt secure the property -(they thought people were still there) and the house was broken into and totally demolished. Landlord called me and told me about it and said they were taking me to court for the damages, ( I was already in another state with family) Now I owe 14,000 and have a judgment on my record. This is all on top of the small things I was trying to pay off last winter- 2500 (medical bills, a cable bill ) The only good thing that happened was that the ex fiancee crashed my car and the pay out from the insurance paid the rest on the loan. SO. Can any one help? What should I do? I make maybe 1500 a month right now so I can slowly start making payments, but what is the best way to start? I want to get my score back up quickly, what is the best way to do that? Should I use a credit consolidation company? My only goal is to buy a couple acres in the woods and live a simple life, Im not looking to borrow 300k, but does that even matter? I mean does a bank look at the amount you need and find it easier to loan to someone who only needs maybe 60k-75k? What about FHA loans? or rural property? I also have a student loan that was deferred and just this month pinged on me, I need to start making the min on that again now too ( Its about 6k) Any advice will help Thank you ! EDIT: Im not trying to buy a house now. But I want to be able to in the future. I live with family for 500 a month. I pay 450 a month for my car. 300 for groceries for us both 100 for essentials, toiletries, ect. I have a child. She is 13, I get no child support I am with my ex fiancee again and he is no help financially to me. I make very little and I spend very little. I have about an extra 100 a month I can put towards debts. That leaves me with NO MONEY whatsoever each month for anything. MY DEBT I owe 6000 in student loans 3500 on furniture- not in collections they call me every other day though 600 on credit cards- These I am going to pay off completely when I get my bonus next month. 1100 on utilities- in collections 1500 on medical bills- in collections 14,000 for the house judgement [link] [comments]  |
| In 2017 I archived my very aggressive financial goal Posted: 08 Jan 2018 02:17 PM PST In 2015 we bought a house and took on 390K in mortgage. A year later, we added a sister to our then 2 year old son. I decided since we are going to be tied down by babies for a couple years until they go to day care, we will take this opportunities to pay off as much mortgage as possible. For 3 years, we only spend on the very essential things and saved every penny back to mortgage. Watching the "time remained" on mortgage going down as you pay down the principle is very adictive! We contributed some 70k in 2015 (got money left from down payment), 55k in 2016 and 45k in 2017. My goal is to end the "austerity" measure by 2017, when "time remind" goes below 10 years from 25 years. We didn't travel (we can't anyway because of babies), didn't eat out at expensive resturants, didn't buy expensive toys and clothes, didn't buy a bigger car (fun time cramming my wife in between two car seats at the back of an Accord). I held off upgrading my gaming PC, a camera and my wardrobe. Enlisted my parent's help so we only send 1 kid to day care. Now looking back at the market, It probably wasn't the best way to spend those money. We didn't buy RRSP (Canadian 401k), or RESP, or tax free. But with half of the mortgage gone. I feel more risk torlerant. I will be purchasing all those options in the coming years and fianacing a new van. Also my kids will both enter day care this year and that's 50k for the next 3 years. Oh and trip or two! (this is based on average family income of 10k after tax) Mortgage Goal Achieved https://imgur.com/gallery/IKbtK [link] [comments]  |
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