Future Plans

Ok I have to admit this isn't a new plan. I've been plotting this and hoping for this since sometime in October or November. I was hesitant to say it outloud as karma can be a bitch and when she overhears you have good plans, she likes to twirl her long, tapered nailed fingers into the pot and laugh hysterically.

Soon, I will be done with my consolidated loan. Very soon if fates are kind; a little longer if fates are not.

I then reach the point where I have $579 a month to reassign to another part of my budget line. I spent many an enjoyable cup of coffee or tea scribbling on one of my many notepads, trying to determine the possible ways to allocate such money. It's great fun to imagine and the more I planned, the more possible ways I could arrange it.

Practicality reins supreme though. In early January, the opportunity of beginning RESPs opened itself up. I had enough 'extra' money to hold that $200 a month for a few months, on the self promise that I would allocate $200 of the $579 to the dedicated RESP line as soon as it became available. I am very happy to see the money go in that direction.

I could pay off the balance of my 20 month computer loan. That would be about $700ish

I could pay the whole amount of my plates (basic vehicle insurance) in one lump in August, instead of  choosing the per month option which costs more.

I could add on  to my EF.

I can whap as much as possible down on my Vehicle Loan.

I played out the scenarios a few different ways and I think I have a couple viable plans. Now I just have to wait until my Income Tax is finished to see what kind of refund I get back, and which plan I will choose.