Paying off bad credit card debts

I work very hard yesterday. I try to wake up early, but it didn’t work out, as I was sleeping peacefully and I didn’t want to move from bed. I wake up just early enough to do some laundry as I didn’t have any clean socks left… And I left home. On my way, I made a payment of 150$ on my TD credit line and also, I made a payment of 2 100$ on my RBC Visa. I really like my TD credit line. The credit line rates is only of 8%. TD credit line is certainly one of the best credit line there is out there. My limit is of 5 000$.

After I made those payments, I was feeling tired and I just wanted to go back in bed. Later on in the afternoon, I find out why I was feeling that tired… but that’s personal lol. Anyway, very soon, all of my credit card bad debts will be behind me. Also today, I had received my 300$ from ING Direct, and I didn’t get any fee for the transfer. So ING Direct is working pretty well for me. Good news: transfers are free! I can confirm it now.

My stocks and units portfolio is performing well

Also today, my stocks and units portfolio had performed quite well. My stocks and units portfolio is now at 25 423$. Even with the selling of my late Desjardins Fidelity True North Fund, I believe my overall assets value is still around 50 000$ or close by. No new investments had been made since the 300 units of Yellow Pages Income Fund (YLO.UN) I had purchased. I don’t earn enough money to both pay credit card debts and make new investment. But starting from November, things will be a lot better. I will be able to start investing again.

And about my HubPages income

I didn’t write any articles on HubPages for quite a while now. But I plan to continue working on HubPages from time to time. My Google AdSense income is up to 35$. It’s not that much, but still, with HubPages, I saw my Google AdSense income increase. Before, I was stuck at 26$ or so and nothing was moving. With HubPages, my online income is slowly increasing and it’s really fun. It’s possible to make money online, but it takes a great deal of time and efforts. So far, HubPages had worked pretty well for me. Writing articles on HubPages is a fun hubby and, in plus, you can earn money by doing so. If I can earn 35$ from Google AdSense, I can possibly earn more.

So far, my plans are going just fine, I am able to pay some debts, my portfolio is doing great and I am slowly beginning to make money online... but really slowly lol

Happy Surprise: I had received my Fortis Dividend!

This is great! I had received 26.52$ in dividend income coming from Fortis (FTS). It’s kind of a surprise because I wasn’t expecting the Fortis (FTS) dividend so soon... I had received one brand ne stock of Fortis (FTS) worth 24.77$. And I also received 1.75$ in cash. This dividend reinvestment plans for Fortis (FTS) is fully complete. My situation regarding Just Energy Income Fund (JE.UN) dividend reinvestment plans remain the same. So far, my dividend investing is doing well.

Nothing had change regarding my Just Energy Income Fund (JE.UN) DRIP investing situation. Still that little 10 cents that came in on August 31 and nothing else after that. I didn’t even receive my new unit that I should had received. I am going to wait 2 weeks and we’ll see what happen. Everyday, when I come back to work, I log in to my broker account just to see if my Just Energy Income fund (JE.UN) DRIP investing had been completed. But today, it was a surprised, as it was Fortis (FTS) that I had received the dividend from.

Another great news, my TD online trading account portfolio is now up at 30 390.28$ (that was yesterday...). It’s originally 39 589.06$ I had invested at T D Waterhouse. I am slowly recovering from my losses. So far, I had been relatively successful with my stock market picks. I am only missing 9 198.78$ in order to fully recover from my losses. For the first time since a very long time, Sprott Canadian Equity Fund units worth 29.02$ each. This is a good sign. It’s mean that the economy is getting better.

I just hope things will continue this way. If I could recover the 3 000$ lost with this Sprott mutual fund, it could be very good. I still have faith in the Sprott. It’s just the kind of fund that in time of recession, cannot perform well. Or at least, it’s my way to see it. Maybe Sprott participation in Timminco really hurt the Sprott Canadian Equity Fund, but I cannot really say because I don’t know lol. One thing I know, I had been hurt by Timminco (TIM).

When you see a 4 065$ worth in online investing that currently only worth 252$ it’s kind of… depressing. I really dislike having those majors lost with Timminco but hey, life goes on. I am sticking and holding to Timminco because as soon as I continue holding Timminco stocks, there’s still been hope. Still hope that I will (one day) recover from those major losts. But still, look like I didn’t learn my lesson yet because I keep investing and going, working, investing, working, investing and… hope one day my luck will come… In the meantime, I still can continue to dream of my future portfolio…

Another good news: a 1 089.29$ paycheck

I work around 105 hours for a 1 089.29$ paycheck… It doesn’t worth it to spend that time at work in 2 weeks for a so little paycheck. But still, I was in need of the money. Previously today, I had pay for my driver license. I also finally call ING Direct to get the 300$ transfer in my banking account. I should receive the money by Friday. And… right now, on my online bank accounts, I have a total of 2 266.15$. Since I work on Labor Day, my next pay check should be of around 800$. And by the end of September-beginning October, I will have my weekend job again. Since I still have my TD line of credit to pay (around 150$ in minimum payment for this month is needed), I will pay tomorrow 2 100$ on my RBC Visa and 150$ on my TD line of credit. After what, I will be done with my payments. At least for the month of September. I cannot wait for October to come, to finally clear it off, since the 0 interest credit card doesn’t exist.

After what, in term of debt, I will have left 285.87$ at 4.9% good for 6 months to pay off. I should be able to clear this month by the end of October. I will have left my TD line of credit which now almost reach the 5 000$ at 8%. But I get some of the interest pay off by what I had left as DRIP from my dividend income. Getting out of debts is a long process and all of this mess can very be difficult, mentally and physically. My credit card balance transfer really drain me out.

Many things on the way and I am completely lost, once again

I was looking into my ING Direct online savings accounts and its look like I had attached the wrong banking account with the ING Direct. That was done a while ago, back in 2005. I have to call to see how I can change of banking account. I hope this can be done by Wednesday. If not, it won’t be a disaster, I still be able to make a major payment of 1 887$ on my 2 500$ credit card debt I am just getting tired of. So far so good.

I realized that today was Labor Day. Time is passing to fast and summe is almost over. I work very hard this summer, but I had a lot to do. And I still have a lot to do. But I hope everything will fit well at the end. One major thing that I need to do is to open my Scotia iTRADE account. I didn’t proceed because I am facing one major problem. I own an account at T D Waterhouse that I want to keep (now that it’s been open lol). At the commission fee of 19.99$, Scotia iTRADE is a lot cheaper than T D Waterhouse. T D Waterhouse commission fee is of 29$. Why should have I pay an extra 10 bucks in commission fee at T D Waterhouse when I can have cheaper someplace else? Until here, no problem.

But by reading Scotia iTRADE forms, I read a question asking if I have another broker account someplace else and if so, I had to name the broker. I don’t feel comfortable to provide the information. I already contact Scotia iTRADE about this asking them simply that if I answer no to the question, knowing I hold a T D Waterhouse broker account, will I have any penalties and will it be consider as criminal. Because if I answer no while the answer is yes, I am making a false declaration and I don’t like that. But I don’t want those people at Scotia iTRADE to know about my T D Waterhouse account. And same thing with T D Waterhouse, I don’t want them to know I plan to open an account with Scotia iTRADE. Because I am like that lol. It’s part of the reason why I didn’t open a Scotia iTRADE account yet. Because I am confuse and I don’t know what to do.

Well, the representative of Scotia iTRADE told me that it wasn’t an offense, that it was ok if I wasn’t saying that I had another broker account someplace else. The Scotia iTRADE representative explains that this was part of the questionnaire mostly for banks employee. Example: an employee of T D Waterhouse is not aloud to have an account with Scotia iTRADE. Make sense to me, but do I really care? I mean, I am not a bank employee and I will never be lol, so what’s the deal? No one needs to know about this stuff when I am the main person concern by all this. In date of today, I still feel lost and I don’t know what to do about it. At the end, I will just probably declare the T D Waterhouse account or just applied a bunch of lines over the question see. Lol.

While I decide what to do, I have a lot of things to do at my place, like my laundry, groceries, cleaning… since I had been working overtime since the last 2 weeks. Tomorrow is Tuesday, movies are at 4.95$ and I hope I will be able to wake early to go see Julie & Julia :)

Getting ready for my 1 000$ paycheck

I did it! I work 105 hours in 2 weeks! Most of those extra hours were done over a short period of time, and they just exhausted me. For sure now, my next paycheck will be, after taxes, at least of 1 000$. The best will be to earn 1 100$ (after taxes of course) on my next paycheck, which I really need. I just cannot wait to see how much I will earn.

Its official: the selling of Desjardins Fidelity True North Fund is done and complete and now belong to the past and my online banking account

It’s the first time ever I was selling one of my investments. It could had broke my heart, but I get over it pretty quickly knowing that, well, it’s only money right?

Nice surprise, I had received the amount made in the selling of Desjardins Fidelity True North Fund directly in my online bank accounts. I had received 1 050$. I also received 37$ in paycheck from my weekend job, which I wasn’t expected. Might have been what I had left as vacations. When selling of this mutual funds investment, I didn’t know at which price I was selling. I taught it was a good time to sell. I sell, and made a small profit of 50$. A small profit, but still a profit. It’s actually better than loosing money from a sell. Back in 2005, it was 1 000$ that I had invested in the Desjardins Fidelity True North Fund. And I had sold the investment and now received 1 050$...

This Desjardins Fidelity True North Fund was quite special to me because it was my first investment ever. But it’s just money after all. After I saw the amount in my banking account, I was quite happy. Living with too much debts is never good and I really want to get rid of that 2 500$, 2 589.38$ exactly, in credit card of mine. I do not regret selling the Desjardins Fidelity True North Fund, because I know I can reinvest 1 000$ back at anytime in the fund. I will probably invest 1 000$ in the Desjardins Fidelity True North Fund as soon as I can. And this should be soon because work will be back available at my weekend job at the end of September… And it’s keep going and going… lol. I consider Desjardins Fidelity True North as being low risk mutual funds.

The balance transfer credit card of 2 500$ from td visa credit card to RBC visa card is now completed

This is it! Another happy news, I had cleared off my td visa credit card balance and my debt consolidation is on its way. Guess they might be pretty happy at td visa credit card lol. I am now using my CIBC Visa to pay my current expenses and other. I really would like to go see Julie & Julia tomorrow! So many expenses and so little money. Sometimes, I wonder, how this is possible? How can I possibly manage a so tight budget, meet all of my investment goals before hitting 29 and STILL have time to… think? Simply because I am a genius. This is just how good I am. I am an investor and a credit card balance transfer genius. And a work genius too. That’s all. And I am also a HubPages genius because my Google AdSense income is now up to 34.20$. And to stay in the same mood… I am only missing 49 965.80$ in order to reach my first 50 000$ income money from Google adsense program… I want some adsense cash. Is this making any sense at all? Lol

Other than this funny Google AdSense goal, I am pretty sure I am on my way to make a living from my dividend earnings.

What I learn about cedit card balance transfer among the way

Doing a credit card balance from a visa credit card, like td visa credit card to another Visa credit card, like RBC visa card, is free of charge. But if the balance transfer is being transfer from Master Card or American Expresss to a Visa card, there could be fee, from what I was told. I really like Visa credit card. They seem to be the best credit card ever. I don’t hold any Master Card credit card, but I hold one American Expresss, for the Air Miles. I really like this credit cards reward program. Basically, my American Expresss is one of those airmiles credit cards. One problem I face with American Expresss: it’s not being accepted everywhere. Common example: I cannot pay my grocery with American Expresss as it’s not being accepted at Provigo, either IGA. GAP accept American Expresss and a couple of other stores, but you cannot just go shopping having just American Expresss in your purse because for the simply and good reason that it’s not being accepted everywhere. That’s why I need my CIBC Dividend Card, fantastic canadian cash back credit cards.

I recently begin to use my new CIBC Dividend Card. The CIBC Dividend Card is one of those credit cards with cash back. The CIBC Dividend Card offers 1% cashback to its holder. Which mean I could possibly earn 120$ per year using this dividend credit card. Nothing much, but a nice little extra earn by doing nothing. Isn’t sounding a bit like Money from Nothing of you knows who?

Still no Just Energy Income Fund (JE.UN) dividend

Youhou, were are you, Just Energy Income Fund (JE.UN) dividend? Where are you hiding? And what about Fortis (FTS)? I think I should received Fortis (FTS) dividend this month, but I am not sure. When it comes to investment, I am never sure of nothing. Tell me, am I really going to spend the rest of my life like this? Will I continue have to look into my portfolio to find out if I had received my dividend, call my broker, scream at them that I still didn’t received anything yet? Is it going to be like this for the rest of my life? DRIP is such a pain! And I like it! It’s a like just receiving several little monster gifts per months. Even with the pain, it’s still worth it to register to a dividend reinvestment plan (DRIP) or not, no matter what, I will always have the last word when it comes to my investments.

Consolidating credit card debt

The transfer from RBC Visa to td visa card had been completed. I soon as I notice it, I call RBC Visa this late afternoon to get the transfer from td visa card to RBC Visa completed, so I can benefit of the 3.99% low rate credit card rate until the end of October. The representative of RBC Visa was just a pain in the ass and didn’t want to proceed to the operation. She finally completes it, once I told her kind of to shut it out and proceed with the transfer. I believe she did it, but I am going to call RBC Visa to check over it and also to complain about the poor customer service I had received form that representative.

Those staff in the banking sector can really be fresh and arrogant. I get to the hell of the time with stupid reps so far. But I always get what I want. The only time I didn’t get what I wanted, is when I wanted to turn a non-RRSP mutual funds into RRSP. That had been refused to me at the Caisse populaire Desjardins du Mont-Royal. Those people are really disgusting! I really have enough of them. By the way, I never used the account I had open at the Caisse populaire Desjardins du Mont-Royal for the simple and good reason that I don’t trust their administration after all what they did to me.

Anyway, I also call ING Direct today to find out how I could transfer the 300$ I wanted to transfer without getting any fees. Back in 2005, I got interested in ING Direct because they offer high interest bank account. It seem like the transfer from ING Direct to my banking account at Caisse Desjardins can be done at no fee. It’s looking good for my personal debt consolidation. I call both parties, Caisse Desjardins and ING Direct and there’s seemed to be no fee for money transfer, since it’s only a one time transfer. I only have this ING Direct transfer to take care of, after what; I will be done for a little while. I didn’t receive the payment for the sell of Desjardins Fidelity True North Fund one of fidelity mutual funds, but was told it could take 72 hours. Which mean that sometime next week, I should have the money available.

I can do up to 12 transactions now with Desjardins for 3.95$. I will try not to do more than 12 transactions, but I can stick to the 12 if I remain careful. That’s part of the reason why I have to control myself until my next pay check. At that time, I will be able to pay let say 800$ from upcoming pay check + 300$ coming from ING Direct + about 1 030$ coming from the selling of the super-fantastic Desjardins Fidelity True North Fund; for a total of 2 130$ that I will make IN A ONE PAYMENT ONLY lol on my credit card debts. This is just hilarious because I remember in the days, when I was working at 3 jobs, as soon as I was receiving a paycheck; the money was disappearing as payment on my credit line…

The money never stays for very long in my internet savings accounts. Making a one time payment on something is kind of exceptional for me. It will be the only payment for September. After what, I will have 459.38$ left to pay in October. I can certainly make it happen, but just like it had been in August, I am going to deal with one of those very tight budgets for September AND October… My latest investment, which was 300 units of Yellow Pages Income Fund (YLO.UN) really took it all! But I don’t regret this investment for anything in the world as it’s allow me to reach my dividend income goal, which was to reach 2 000$ in annual dividend income by the end of the summer 2009.

Living on a tight budget? No problemo

I will show you how. First, make sure you always have enough to pay your rent because you don’t want to be quick out of your apartment and living in the street… Secondly, make sure to have enough money to make the minimum payment on credit cards, student loans and other. After, and only after, you can think about investing or paying out debt. The month of August had been tough, the month of September doesn’t look any better, and not to talk, after, the month of October. But life still great. Consolidate credit card debt require a great deal of time and energy.

Overtime for me today!

After spending a great deal of time over the phone trying to make things happen, I went to my job to see if I could do some extra hours. I was able to make 4 hours, which I was pretty happy about. I was exceptionally off today as I did a shift trade with someone who needs its Saturday. Usually, I work from Monday to Friday.

I gave a call to my weekend job to see if there was worked, but still nothing. There’s no work at my weekend job until the end of September. I had been quite busy lately and having off during the weekend until the end of September doesn’t bother me too much. I didn’t even open my Scotia iTRADE account yet. So much stuff to do, it never ends.

A great finding of mine: Great Lakes Hydro Income Fund

After all I went through lately; I really hope I will be able to make more investment in a close future. I had received from Creststreet Mutual Funds Limited the 2009 Interim Report, Management Report of Fund Performance for the Creststreet Alternative Energy Fund. I begin to read the report while being at work. Check this out: during the first half of 2009, the fund had a return of 11.6%.

I wrote many posts regarding Creststreet Alternative Energy Fund, and it’s not for nothing. This fund is incredible and for nothing in the world I would sell this investment. Even if my initial investment was only of 1000$, I am very proud to have Creststreet Alternative Energy Fund in my portfolio. Like this is the best Canadian mutual fund ever!

While reading the 2009 Interim Report, Management Report of Fund Performance for the Creststreet Alternative Energy Fund, I got interested in a company that constitutes the Creststreet Alternative Energy Fund. It’s the Great Lakes Hydro Income Fund.

And strangely, just in date of September 2009, the Great Lakes Hydro Income Fund had been acquired by another company. This probably doesn’t mean anything for you, but for me, it’s a good sign, it’s mean that the late Great Lakes Hydro Income Fund, which is now Brookfield Renewable Power Fund (BRC.UN) is a good investment. And secondly, Great Lakes Hydro Income Fund, now Brookfield Renewable Power Fund (BRC.UN) is a good investment because it’s part of the fabulous Creststreet Alternative Energy Fund. I cannot be wrong.

I like whatever is green energy also. This finding was a nice one and it could become my next investment even if I wrote many many times that my next investment was going to be BA.UN.

Brookfield Renewable Power Fund (BRC.UN) annual dividend pe unit is of 1.25$. It’s more than Fortis (FTS), which is set at 1.04$ annual dividend. Brookfield Renewable Power Fund (BRC.UN) offer a pretty good dividend. A perfect fit in our 200$/monthly dividend goal. Brookfield Renewable Power Fund (BRC.UN) is pretty stable. Year highest value had been of 20.45$ so far, lowest 14.70$. The difference between the highest and the lowest is only of 5.75$.

Conclusion: Brookfield Renewable Power Fund (BRC.UN), late Great Lakes Hydro Income Fund is a BUY! lol

Many changes for Blue Note Mining

YEAH! This is great! Blue Note Mining is back in business and so do I!

Blue Note Mining quote had changed from BN.H to BNT. This is actually good for Blue Note Mining. Most of the time, the value of my Blue Note Mining investment is around 60$. The value of my 400 stocks of Blue Note Mining was, on yesterday, 80$. For today, it’s a bit less.

Blue Note Mining had not only changed its quote, but also their stocks. Before, I had 12 000 stocks of Blue Note Mining. I currently only have 400 stocks of Blue Note Mining. There’s been a « unification » of 1 to 30… Quebec Superior Court had approved, but not me… I am not happy with my little holding of 400 stocks when it use to be 12 000 stocks. But it seem like the move had been positive for Blue Note Mining, since the overall value of my investment had increased for 60$ to 80$...

And the value of Blue Note Mining should increase in the future because Blue Note Mining is active in Bathurst in New Brunswick and they are currently working trying to extract gold from their mine. Hope some gold can me find in a reasonable amount. Blue Note Mining is a good investment. It’s just that back at the time, I purchase each unit at around 6 cents, for a total of 12 000 stocks. Blue Note Mining can potentially represent a good investment at the price it is right now. In other word: it’s a good time to purchase some Blue Note Mining stocks.

About another penny stock of mine: Dumont Nickel (DNI)

I renew my selling offer for Dumont Nickel (DNI) at 4 cents. My goal is sell the 23 000 stocks at 4 cents. I believe it’s the third month I had been renewing this selling offer. But it’s all right, I was not really expecting the sell offer to go through right away, but I didn’t taught it was going to take more than 3 months either lol. Anyway, what is done is done. I hope that one day; I will be able to sell Dumont Nickel at 4 cents per stock…

And what about my Scotia iTRADE account?

I still have my Scotia iTRADE account to open. I had been quite lazy lately and nothing that I had to do is getting done. I hope Scotia iTRADE staff is better in customer care because when it’s regarding TD Waterhouse, TD Waterhouse customer service is sometimes disgusting. Like just like last night, I call TD Waterhouse to get some info and I got rude by a poor guy. But this is going to end soon. When I call a customer service, I want to be treat like a princess lol. I am not going to accept being treat like this by a poor guy and I will complaint about it and I want the cost of my transfer from TD Waterhouse to Scotia iTRADE to be cover by TD Waterhouse. Otherwise, something will happen.

Here’s the situation regarding my TD Waterhouse broker account:

I had the following link under my “Activity”:

1 JUST ENERGY INCM FND T/U TYPE/PRICE: TXPDDV AMOUNT 0.10$

And nothing else. That above link shows up on date of August 31. Usually, I got something pay in cash and one unit ad following the activity of a Just Energy Income Fund (JE.UN) DRIP. Knowing that I am waiting for an amount of around 20$ for my DRIP of August, I should had received around 8$ in cash and 1 brand new unit. Why did I receive 10 cents in cash from Just Energy Income Fund (JE.UN)? It shouldn’t be 10 cents, it should be around 8$. The answer provided by the poor guy – he was way too rude – is that the DRIP was not completed and that I should know that. What!???

That representative of TD Waterhouse was way too stupid. Why did I receive a 10 cents in cash from Just Energy Income Fund? The whole thing is not making any sense. Because all the time, when I receive cash from a DRIP, I receive the little amount of cash AND the unit. And the whole amount in cash in ONE shoots. Like am I going to received the equivalent of 8$ by 10 cents or what??

I am definitely going to complaint about the representative and by these 10 cents because both are scandalous: I don’t want to spend anytime dealing with stupid DRIP situation that are making no sense and I don’t want to be rude by a poor guy know thing he know-it-all. I am the one who know-it-all, I am the genius here, I am the one who reach 50 000$ in investment on August 5th, I am the one. Got it?

LOL))))

Closer to my debt free credit card goal

I wake up quite late again this morning. I just had the time to quickly call ACCES-D Desjardins in order to sell my Desjardins Fidelity True North Fund in other to pay off a 2 500$ credit card debt. I was almost crying when I explain to the representative what happen last year with this investment. Last year, I had called ACCES-D Desjardins to transfer the mutual fund into RRSP. But I was told that I needed to visit a Desjardins caisse in order to open an RRSP account and so on. I open an account at the Caisse populaire Desjardins du Mont-Royal in Montreal. Before opening the account, I explain that the only reason why I was opening the account was in order to get my Desjardins Fidelity True North Fund investment transfer into RRSP. No problem, I was told.

I open an account with the Caisse populaire Desjardins du Mont-Royal, we proceed. But at the end of the process, I was told that the transfer was not possible. Last year, I was able to transfer non-RRSP mutual funds into RRSP at CIBC and RBC, but not at Desjardins. I explain everything to the representative and I let him know how I was pissed off by Desjardins poor service. Than, believe it or not, the representative actually did what I wanted, no other words was needed. Fact it, I hope to one day close all of my banking account that I have with Desjardins and switch over CIBC.

I always got the best service in the world from CIBC, whenever I invest in RRSP and outside and all for other stuff too, like credit card. The latest representative I speak to at Desjardins was very good, but I went through the hell with Caisse populaire Desjardins du Mont-Royal and I hate Desjardins financial services from the bottom of my heart and I hope the following will discourage other to invest through Caisse populaire Desjardins du Mont-Royal. The best is always to invest in a broker account. This way, no one can stop you from doing whatever you want to do with your money. And this is what some poor Caisse populaire Desjardins du Mont-Royal staff never understood: it’s my money and I do whatever I want to do with it. But that seem to be complicate to understand for some of Caisse populaire Desjardins du Mont-Royal staff. Stupid, ignorant, those Quebeckers are dream killers. Bunch of little jerks.

I am closer to my goal now, which is to pay off my 2 500$ credit card debt by the end of October 2009. I might be able to get around 1 020$ from the selling of my investment with Desjardins Fidelity True North Fund. We are now down to 1 480$. I will be able to pay off 800$ next week. And let’s add to this the 300$ I have at ING Direct. We are now down to 380$. In October, I will probably be able to pay off the 380$ left. I just cannot wait for that to open.

My rent is increasing of 10$

Starting November 2009, my rent is being increase of 10$, which I find totally unfair. Only problem, moving will cost me some money and will take some of my poor energy I have left. I don’t feel like trying to find another place to live at that time, but I will probably move by next spring or so because I cannot take it anymore. Seem like these days, bad or so-so news had come one after the other and I am like wow, what’s going to happen next, can someone tell me? At first, it was very fun to live on Mont-Royal, but now, I got enough of it.

Debt management expert

I was feeling a lot better today, as I was able to sleep late this morning. My overtime really takes all my energy, but I am glade that it’s finally over. Today, I made the minimum payment on my credit card. I did one balance transfer, one of around 300$ from RBC Visa to TD Visa at the rate of 4.99% for 6 months. Once this transfer is complete (it could take until next Wednesday), I will transfer 2 589.38$ I have in debt at TD Visa to RBC Visa at the rate of 3.99%.

At RBC Visa, the special interest rate of 3.99% end at the end of October. Which mean I have until the end of October to pay off the debt of 2 589.38$... I can pay off this debt, but only if I sale of one of my investment. I pick Desjardins Fidelity True North Fund. I will sell this investment. I have 1 000$ in it. From what I calculate, by the end of October, I will have 400$ left to pay on my credit card. But this will work out as I have a bit more than 300$ in my ING Direct account…

I have to find a way to withdraw the money from my ING Direct account. I think the only way, without having to pay any fee, is to proceed to a debit with their banking card. I remember receiving it a long time ago, but I cannot find it anymore… I have my high interest saving accounts with ING Direct since, I believe, 2005.

Life will be a lot easier for me when my 2 500$ little debt will be completely paid off.

About my other debts

Provincial student loans: 1 199.21$ at 4.75%
Federal student loans: 8 821.55$ at around the same rate
TD credit line at 8%: 4 865.68$
For a total of: 14 886.44$

Fact is, I don’t have too much debt. But I am slowly getting into the point where I am getting enough of debts. In a close future, I will look forward to pay some debts, while trying, at the same, to continue to invest. But in order to do so, I need more cash and more cash = get a second, third, fourth job, like I was doing before. I just have a couple of things to take care of. And even to transfer 2 of my investment into RRSP with Scotia iTRADE, I do not even have the money to pay TD Waterhouse the transfer fee, which is of around 25$ per transfer… I am that broke…. But things should get better soon once I work into my debt management program. Dealing with money problems is never easy, but there’s always a way out.