- Emergency Fund to $1500
- Pay off extra on my current Personal Loan
- Savings for a deposit on a new vehicle (mine won't last too much longer)
- No Education Funds for my children
- No RRSPs YET and I'm almost 40
- No vacation fund
- No Savings
- Finish off my Christmas Savings goal
Just hard to decide where I should go next. They all have their own merits.
4 comments:
that is a tough one!!! I never know just what I should do! This is where you just tweak it a bit & when it works best, you will see & you will know :)
Sounds like you had a good month!
This sounds to me like you need to figure out 2 or 3 of the goals and concentrate your money on those goals rather than spreading them too thin.
I'd suggest:
1. RRSPs (don't worry about the Education Funds only because you should be able to take care of yourself and not leave THAT burden on your kids)
2. Emergency Fund to $1500 (which doubles as savings)
3. Savings for a new vehicle.
I'd suggest $100 in RRSPs a month, $150 in emergency fund, and $150 in Savings for a new car.
Fabulously Broke in the City
"Just a girl trying to find a balance between being a Shopaholic and a Saver."
Thanks for your comments, and thank you FB for your suggestions. It was one of the options I am currently toying with. I won't be able to get RRSPs this year without getting a loan so it is a MUST for next year.
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