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Showing posts with label saving. Show all posts
Showing posts with label saving. Show all posts

Monday, August 13, 2007

Overview of my financial situation on date of August 13, 2007

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?

 

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