I'm back with some good news, I finally paid my debt off! Now I have to admit I did cheat a little. I didn't have a lot left so I decided to use some of my emergency fund. It wasn't so much to save the interest but to get that goal done. I originally was saving for an emergency fund simultaneously because I didn't trust myself to save for it after I was out of debt. Now that I feel I have better habits and think about every purchase, I gained confidence that I could put the money back.
I have to admit I thought paying my debt off would feel better. Don't get me wrong I'm very happy about it but I still feel the stress of finances. Now I have my next goals of topping my emergency fund, save for a friend's wedding, lawyer fees and teeth veneers. So I'm still feeling overwhelmed. I'll just take it one day at a time.
My next task is to set an appointment with a financial advisor as I'm looking to find a new one and move my current RRSP's. My goal is to invest enough money to put myself at a lower tax bracket, not only will I get a refund from not paying taxes on the investments but my income will be taxed at a reduced percentage rate. With the tax return, I plan on investing that money into a TFSA's.
I'm still thinking a lot about 'selling' my car, it would be a lease takeover that ends July 2016. I know if I did I could probably relax a lot more financially. My concerns about safety is my biggest issue and therefore I may ask around to see how I can protect myself while 'selling' it. I would also have to fix the bumper but may put in the ad it can be fixed once the transfer is done. I have lease protection and I don't want to pay to fix it if no one is interested in taking the lease over.
Another goal of mine, and more reasons to sell the car, is to be part of my significant other's mortgage on our current house. Currently I am only renting as I've only moved in a year after he bought it. I would like to start building equity again as I lost all equity from my last house after I separated. I did it for personal reasons not to ask for my part of the equity but sometimes it's hard not to look back and think of all the money I lost.
For now, I need to concentrate on one goal at a time without stressing about minor screw ups along the way.
I have to admit I thought paying my debt off would feel better. Don't get me wrong I'm very happy about it but I still feel the stress of finances. Now I have my next goals of topping my emergency fund, save for a friend's wedding, lawyer fees and teeth veneers. So I'm still feeling overwhelmed. I'll just take it one day at a time.
My next task is to set an appointment with a financial advisor as I'm looking to find a new one and move my current RRSP's. My goal is to invest enough money to put myself at a lower tax bracket, not only will I get a refund from not paying taxes on the investments but my income will be taxed at a reduced percentage rate. With the tax return, I plan on investing that money into a TFSA's.
I'm still thinking a lot about 'selling' my car, it would be a lease takeover that ends July 2016. I know if I did I could probably relax a lot more financially. My concerns about safety is my biggest issue and therefore I may ask around to see how I can protect myself while 'selling' it. I would also have to fix the bumper but may put in the ad it can be fixed once the transfer is done. I have lease protection and I don't want to pay to fix it if no one is interested in taking the lease over.
Another goal of mine, and more reasons to sell the car, is to be part of my significant other's mortgage on our current house. Currently I am only renting as I've only moved in a year after he bought it. I would like to start building equity again as I lost all equity from my last house after I separated. I did it for personal reasons not to ask for my part of the equity but sometimes it's hard not to look back and think of all the money I lost.
For now, I need to concentrate on one goal at a time without stressing about minor screw ups along the way.