Debts:Student loans: 12 369.03$ at 8.750 %
Credit card debt:AE: 2308.66$ at 7.99%
AE: 11.50$ at 18.50%
TD Credit line: 56.64$ at 10.50%
TD Visa: 19.58$ at ?
CIBC Visa: 419.47 at ?
Total credit cards debt:
2 815.85$
TOTAL DEBT:
15 184.88$
RRSP:Total of money put in my RRSP so far: 9 042.96$
Non RRSP investments:
Money put in non RRSP investments: 6 100$
Savings:
ING Direct: 288.76$Savings: 11 325.73$
Big total (RRSP + non RSP investments + savings - debts) in date of
August 12, 2007:
26 757.45$ - 15 184.88$ = 11 572.57$
Almost there…. I am half away of my 50 000$ and I think I can easily get there. Why? Because I am a hard worker and I have really few expenses. In 3 months from now, in November 2007, I believe I will have a total of 33 000$ in cash flow. With all that money, should I pay my debt or invest the money in mutual funds?