Yesterday was payday and I am going to put $1000 toward my family loan. I will update my progress bars to reflect this change. My original goal was to put all my effort into debt-repayment before starting any sort of savings plan. However I spoke with my family yesterday about this and they said that it's okay if I want to take my time paying them back. I will aim for $3000 by the end of February and hopefully the rest by July.
I think what I will do is send in a cheque to ING and open up an account there. Then start contributing some money each month to start a TFSA with ING. I also think that I am going to change my budget, as it is not really working that well for me. I often end up overspending in certain areas and underspending in others depending on the month. So I think that I will take an approach that Jessie has taken and plan my budget dependent on each paycheque. This will also be helpful because I have such a variable income.
Hey there!
ReplyDeleteI see that you are going to open up an ING account - that's great! It's an easy way to stay organized with saving.
If you haven't opened your account yet, you can use a referral code to get a sign-up bonus. Mine is 17396382S1 and the link to ING is http://www.ingdirect.ca/en/signmeup/index.html. If you use my code, we should each get a $25 bonus!!
My mom did this a month ago or so, it was pretty great!
I have never opened in ING account. Perhaps that will be one of my 2010 goals. Good for you for signing up.
ReplyDeleteIt seems like a good banking system. ING and PC. They seem to have good interest rates.
ReplyDeleteI have already signed up for the account Jessie (sorry!), and my deposit is in the mail. Otherwise I would have totally done that. Thanks though!
Sounds like a great plan. I like that you're going to do a bi-weekly budget. It makes much more sense given your variable income.
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