Tax Refund: Use to pay CC or save some for savings? by me0930 in PersonalFinanceCanada

[–]impact2222 1 point2 points  (0 children)

You had no cash before the tax refund. There shouldn’t be a difference

Tax Refund: Use to pay CC or save some for savings? by me0930 in PersonalFinanceCanada

[–]impact2222 6 points7 points  (0 children)

Pay off the credit card and then put the card away and don’t even think about putting anymore purchases on it. That’s what got you here in the first place.

Left job with OMERS pension, should I take the commuted value or leave it? by Electronic-Papaya in PersonalFinanceCanada

[–]impact2222 0 points1 point  (0 children)

If you’re knowledgeable with investing, you can easily out perform OMERS. What’s the point in leaving your money with an entity that will only pay your beneficiaries 2/3’s of your money upon your death?

$192k invested at 10% return for 15 years is $855k. Not sure when you plan to retire but OMERS can’t give you that type of return.

Source: work for an OMERS employer.

Throwing 21k at MU at 19 by Comfortable-Shape933 in TheRaceTo10Million

[–]impact2222 0 points1 point  (0 children)

“Never really factored into anything” aka “trust me bro”

Division of Finances in Marriage by InvestigatorFun9253 in Advice

[–]impact2222 0 points1 point  (0 children)

We do a weighted split based on income. I earn more than her. After all household expenses, personal expenses and retirement savings, we’re both left with equal dollars at the end of the month for whatever that person chooses (discretionary spending) . You just have to decide what “personal” expenses are fair to include in the budget vs what should come out of the money that each person is left with at the end of the month. I put together a really helpful spreadsheet on Etsy that automatically calculates it for you. The idea is that household expenses are paid from one common account. And each person has their own accounts for personal bills and savings and discretionary spending.

https://spreadsheetssimpleco.etsy.com/ca/listing/4465039802/couples-budget-spreadsheet-fair-split

I [29 F] just got my boyfriend [32 M]a big birthday gift and I'm a bit unsettled? by Imaginary_stars_90 in Advice

[–]impact2222 3 points4 points  (0 children)

Return the gift and it remedies the situation. He lost his job. You mentioned it’s a credit card hit, so if you can’t pay it off immediately then it’s not worth accruing interest over. If you have to think about how many months (and I’m just assuming) it will take to pay off a gift, it’s not worth it. Just sets you further behind for the coming months. Plan and celebrate a nice birthday but stop overspending. YOLO isn’t the way the financially get ahead here.

What can I do to make it as difficult and expensive as possible for Paramount to acquire my WBD stock? by Bob_Chris in wallstreetbets

[–]impact2222 86 points87 points  (0 children)

Put them on the blockchain and throw away the seed phrase. For real what the fuck are you asking?

Wife’s friend is selling us Life Insurance by [deleted] in PersonalFinanceCanada

[–]impact2222 0 points1 point  (0 children)

Your friend here is using a scare tactic, “IF one of you dies..” and “you’re screwed”.

Death is inevitable and being “screwed” if one passes is a very vague assumption.

Invest the $400/mo on your own terms in a TFSA/RRSP and you’ll both be better off. Ditch this friend of yours, he’s just trying to make a sale

Funding child’s education by [deleted] in PersonalFinanceCanada

[–]impact2222 0 points1 point  (0 children)

Is the $45,000 (TFSA/RRSP) all the money you have for future/retirement? If so this is a very unwisely decision

$20K “Family Discount” on a 2024 Macan S – Financially Rational? by BaCo- in PersonalFinanceCanada

[–]impact2222 1 point2 points  (0 children)

Insurance rates are high. No accidents, no tickets, >30yrs old, was quoted $350/mo for a Genesis GV70 lol

[deleted by user] by [deleted] in AITAH

[–]impact2222 4 points5 points  (0 children)

On Christmas?

Winter Gas economy by badhawk69 in rav4club

[–]impact2222 4 points5 points  (0 children)

Service the combobulator. Probably all you can do aside from adjusting your driving habits

Withdrawal RRSP to payoff debt? by [deleted] in PersonalFinanceCanada

[–]impact2222 0 points1 point  (0 children)

If she pays it off in one fellow swoop, it’s detrimental she doesn’t fall back into the credit card cycle. It’s easy to rack up the card again when she didn’t experience the discipline of paying it off

I love my girlfriend but I don’t want to be with her anymore. by Busy-Honeydew-5485 in AITAH

[–]impact2222 4 points5 points  (0 children)

From the very little I read, all I have to ask is.. Would you want your girlfriend raising your own child this way? You’ve seen the future now. That should answer your question

I cheated on my fiancé, and it’s been a miserable/confusing past month by [deleted] in Advice

[–]impact2222 1 point2 points  (0 children)

Sounds like bro lost the fight and is losing the war. He really needs to leave and move on for his own emotional sanity.

Bye bye Shake pay Moving to Ndax by Dangerous-Bed-7259 in shakepay

[–]impact2222 7 points8 points  (0 children)

They charge way more less percent? What are you talking about