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Showing posts with label visa. Show all posts
Showing posts with label visa. Show all posts

Tuesday, August 14, 2007

Planning to get ride of the smallest amounts of my credit cards debt any time soon

Which include:

AE: 11.50$ at 18.50%
TD Credit line: 56.64$ at 10.50%
TD Visa: 19.58$ at ?

Total that will be pay off: 87.72$

After what I will stop using the TD credit Line and the TD Visa once there will both at 0$. And maybe I will close the TD Visa. I have too much credit. In total, I have 3 credits card and one credit line. And it’s too much.

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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