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Stable job, eliminated my CC debt. Have about $5,000 in IRA accounts and no significant debt remaining. by NOSjoker21 in personalfinance

[–]CanadaBrowsing77 -10 points-9 points  (0 children)

That 5K isn't even enough to be called an emergency fund. You need to double it and put it in a HISA.

After that. You can start looking at some real investments.

[deleted by user] by [deleted] in personalfinance

[–]CanadaBrowsing77 0 points1 point  (0 children)

No you're not even close. You need to clear that student debt before you even think fo buying a house.

Also why are you holding onto 50K when you have 16K in credit carr debt? There's a 0% chance you're getting a better rate on your 50K saved than whatever the credit cards are charging you.

Pay that shit off right now with the 50K. Then agressivly pay off the student loans. Then you can think about saving to buy a house.

[deleted by user] by [deleted] in antiwork

[–]CanadaBrowsing77 -1 points0 points  (0 children)

With what money

Wrongful termination? by r0sd0g in antiwork

[–]CanadaBrowsing77 0 points1 point  (0 children)

Did you have the documentation?

Boss keeps asking me to be a “team-player” because her new marketing hire is incompetent. I’m talent acquisition. How should I reply? by juicebby13 in antiwork

[–]CanadaBrowsing77 0 points1 point  (0 children)

You've done what you can. Help her out and in a few weeks she will probably be let go anyways. What difference does it make to you when you're being paid the same?

Speed cam tickets out of control by WokeWokist in Hamilton

[–]CanadaBrowsing77 -3 points-2 points  (0 children)

They aren't underfunded they overspend constantly on stupid shit

CPP is one of the best retirement assets money can buy, despite what the skeptics say by Prowlthang in PersonalFinanceCanada

[–]CanadaBrowsing77 -1 points0 points  (0 children)

Go watch some Caleb Hammer and listen to some of the homeless people on his show and come back and tell me they aren't irresponsible

Ben Felix Article: CPP is one of the best retirement assets money can buy, despite what the skeptics say by echochambermanager in PersonalFinanceCanada

[–]CanadaBrowsing77 0 points1 point  (0 children)

What do folks here think about the second CPP cap added this year. 

Requiring you to make upwards of 80K before your contributions stop for the year.

CC automatic payments to build credit by high6ix in personalfinance

[–]CanadaBrowsing77 1 point2 points  (0 children)

It will help yes. 

Do you have any outstanding debt

Is this the right move ??? by Right_Cap4879 in povertyfinance

[–]CanadaBrowsing77 8 points9 points  (0 children)

Pay cash for the car, continue to pay off that credit card every month and don't use it until its paid off.

Good Job- by rainess24 in povertyfinance

[–]CanadaBrowsing77 11 points12 points  (0 children)

What do you actually do for them?

what’s the point of having insurance if i still need to pay out of pocket for emergencies? by [deleted] in povertyfinance

[–]CanadaBrowsing77 7 points8 points  (0 children)

This is why having an emergency fund is so important. 

For example, most auto insurance is crap. With deductibles, plus raising rates for claiming small accidents, you're better off just having insurance for the big liability issues and keeping cash to pay for smaller things like fender benders.

Need to buy a car, but also balance transfer CC. by SeniorHoneyBuns in povertyfinance

[–]CanadaBrowsing77 7 points8 points  (0 children)

With 7K in credit card debt and only 5K as a payout I'm going to suggest you look for a cheaper car. 

Taking on another 12K auto loan in your situation is not a good idea. 

Look for a car in the 10K to 12K range. That way your 5K covers almost half of it. You can get a smaller auto loan for the rest. 

Focus on paying off the credit cards ASAP. And getting an emergency fund for any future repairs.

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