The Escape is so close to being paid off I can taste it...we're down to $8,900 - down from $28K.
After a bit of a chat with Jordan, and bouncing some ideas off of my mom; we've decided to forgo re-starting the RRSPs/Planned Savings for just a couple of months (I had stopped them all when we were switching automatic transactions from the joint-chequing to the new joint-savings work horse account).
I would much rather have one less payment when we eventually get pregnant; then the alternative. Doing this gives us $800-$2,000 each month to dump onto that debt...the amount varies depending on how Jordan's salary works out...we're still in limbo with his employer extending his guarantee every month, for a month which makes things difficult to plan for; but we're enjoying the bump while we have it and crossing our fingers for something more permanent as he grows his career and reputation there.
Savings Plan Update
Posted by Jessie's Money with 2 comments
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That's a great idea! I always find when I'm focused on one goal it gets accomplished so much faster than dividing my attention/money to multiple goals. That's great that Jordan's employer is giving you guys the guarantee, must really help with budgeting :)
ReplyDeleteIt's so hard to achieve anything when it's just little bits to like ten different goals, I agree! I hate stopping RRSPs, but my pension and share contributions won't stop - so I'm rationalizing that it makes sense to get something finished in the short-term.
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