About Me

Tuesday, July 13, 2010

DEBT-FREE

WOOOOOHOOOOO!!!!!

Wow, this day has finally come. It took me a long time but it's here. I procrastinated the last bit too in order to start some savings. I finaly paid off that pesky family loan ;) I also paid off my credit card and phone bill today so I'm literally debt-free. However I also have very few assets. An education, a bit of savings, an old car, and a few personal items.

So now what??

With very little work this summer I think I will try to keep the spending to a minimum. But I also want to enjoy myself this summer but I won't go overboard. I think want to focus on the TFSA and start RRSPs. Any other suggestions??

17 comments:

  1. Good for you!!!! That is fantastic!!!! :) Definately something to be super proud of!!!

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  2. What an exciting blog title to see! congratulations.

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  3. Absolutely fantastic.Well done :)

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  4. Congrats. Now the question is, will debt-free living be a way of life for you? I hope so. :-)

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  5. I would definately start contributing more to the RRSPs and also since you noted you have an older car, I would maybe start a car fund because you may need a new one soon?

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  6. Happy dance!!! Congratulations! I like hklover's suggestion of starting a car fund.

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  7. Congratulations!! I would start saving half and half cash and retirement funds, personally.

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  8. NICE! That's awesome! Try to enjoy this moment before you get into the throws of the next step!

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  9. Congratulations! Now that you are finished paying off debt, you can accumulate wealth. Way to go!

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  10. YEAHHHHHHHHHHHHHHHH! Congratulations!

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  11. Thanks so much to all :)

    Melissa I hope being debt-free will be a way of life for me. I will try hard to keep it this way.

    I like the suggestions of a car fund. I am going to start that soon. Hopefully mine still has a couple of years left in it, but you never know!

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  12. YAY! Congrats! You worked so hrd at it too. :) Way to go.

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  13. wow, congratulations. It seems like you just started your blog not to long ago too! I'm so so impressed. Once you get back to work - what do you think you'll do with all your 'extra' cash??

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  14. Thanks!

    I think once I get back to work I will focus on a car fund, add more to TFSA, start RRSP. I also have been looking into volunteer teaching overseas or in South America. Not sure if it will happen or not yet but maybe start a fund toward that. It would be an amazing experience, and I have always wanted to do something to help others. We will see, just an idea I have had lately. I also want to start a house fund like you have Jessie, I want to move out and need to start saving for that!

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