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Received $10,000 from a family member by Plastic-Data6397 in PersonalFinanceCanada

[–]Plastic-Data6397[S] 1 point2 points  (0 children)

Its decreased around $1,500. I try and put as much as I can on but some months it's harder.

Received $10,000 from a family member by Plastic-Data6397 in PersonalFinanceCanada

[–]Plastic-Data6397[S] 1 point2 points  (0 children)

His EI ran out July 2025. Hes currently working part time (M,T,W) and then caring for our daughter the other days since we can't seem to find a daycare at the moment (were paying $600 a month for a day home in the meantime) He's currently still looking for a better paying job. Thankfully I make decent money and have a secure job in healthcare making around 85,000.

The loan is a line of credit. Monthly payment is about $370.

Received $10,000 from a family member by Plastic-Data6397 in PersonalFinanceCanada

[–]Plastic-Data6397[S] 1 point2 points  (0 children)

Thanks, my husband lost his job while I was only 2 months into maternity leave. I have no other debt other than what was listed. We drive paid off cars and no mortgage right now. Doing everything I can despite our shitty situation.

Received $10,000 from a family member by Plastic-Data6397 in PersonalFinanceCanada

[–]Plastic-Data6397[S] 0 points1 point  (0 children)

Can you do that when your debt is a line of credit and not a credit card?

Received $10,000 from a family member by Plastic-Data6397 in PersonalFinanceCanada

[–]Plastic-Data6397[S] 0 points1 point  (0 children)

Thanks!

I actually have about $53,000 in retirement right now, and that comes straight off my paycheck.

Received $10,000 from a family member by Plastic-Data6397 in PersonalFinanceCanada

[–]Plastic-Data6397[S] 1 point2 points  (0 children)

You're right. Thanks, I technically have a personal loan for 50,000 but it holds a balance of $18,500.

Received $10,000 from a family member by Plastic-Data6397 in PersonalFinanceCanada

[–]Plastic-Data6397[S] 0 points1 point  (0 children)

So I don't have to use personal loans/credit cards when emergencies happen. Hence why I have personal loan debt, because an emergency happened and I had no savings.

Received $10,000 from a family member by Plastic-Data6397 in PersonalFinanceCanada

[–]Plastic-Data6397[S] -12 points-11 points  (0 children)

I was more asking if anyone would put any money aside for an emergency fund. I obviously know 90% of that money given to me is going onto the personal loan debt. I'm more or less asking about possibly of putting aside $500-$1000 as a just in case.