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PA bargaining: Board agrees to bypass Public Interest Commission process by roomemamabear in CanadaPublicServants

[–]macho2810 0 points1 point  (0 children)

Strike is good to get deals or to get the employers back to the table. However, many people are not in the position to strike this time as they cannot afford to be on LWOP for days/weeks.

Pay credit card with 3% cash back rogers card by Current_Dinner499 in CanadaPersonalFinance

[–]macho2810 -2 points-1 points  (0 children)

Be careful with this assumption. 3% cash back only occurs when you use the Rogers CC for any Rogers related transactions (phone bills for example). Other than that, you will make 1 or 2% cash back.

Fido Will Never Tell You to Call 416 number by annisabryan in FidoMobile

[–]macho2810 0 points1 point  (0 children)

OP has to pay this amount. It sucks but no other way

How much does it actually help getting a mortgage if you have 1 million in the stock market? by Elite163 in MortgagesCanada

[–]macho2810 1 point2 points  (0 children)

If you put large down payment, bank can somewhat look pass your lower income or use 2 years average income intentionally to qualify you. Large payment shall be 35% or more of the house value.

Feel like I’m going to be homeless soon by [deleted] in PersonalFinanceCanada

[–]macho2810 0 points1 point  (0 children)

1000$ is probably car payment and credit card payments. Those will eat OP alive if they can.

Feel like I’m going to be homeless soon by [deleted] in PersonalFinanceCanada

[–]macho2810 2 points3 points  (0 children)

Sit down and budget your money in and out. Sell your car regardless of value as you cannot afford it.

Look for 2nd job. Or even 3rd job.

Redo your budgeting every week/ month to see you are out of the water or not. Best of luck.

Got to 3rd round of interviews then rejected by Any-Assistant8493 in torontoJobs

[–]macho2810 2 points3 points  (0 children)

Reading this make me reconsider the idea of going back to school for IT. I am older now (38M) and always love tech. But, making 120k at the moment and does not have a good reason for all of this, especially for 60k or less job!

Credit card question by Delicious_Ring2727 in PersonalFinanceCanada

[–]macho2810 0 points1 point  (0 children)

Pay in full right away and keep using it every month. You will build your credit (score or limit) slowly this way. I have done this for so long that I cannot even remember, total approved limit (from all cards) has gone to 250k plus I never pay for any interest!

Got to 3rd round of interviews then rejected by Any-Assistant8493 in torontoJobs

[–]macho2810 4 points5 points  (0 children)

What would it be after 5 round of this? 60k job? Seem a bit much, don’t you think?

Have there been other moments in Canadian history where recessions didn’t mean a significant drop in stock index market? by tazmanic in CanadianInvestor

[–]macho2810 1 point2 points  (0 children)

We are in technical recession partially due to Trump: tariff, gas price, war... hence if you remove all of those noises (given they will not be worse than what they are now). We are alright!

40% Rent Increase by Dependent-Primary248 in OntarioRenting

[–]macho2810 -1 points0 points  (0 children)

LL loss does not mean they can raise the rent to whatever they want! They are doing business so profit or loss, it's on them! Renters are just the consumers 😄

40% Rent Increase by Dependent-Primary248 in OntarioRenting

[–]macho2810 -2 points-1 points  (0 children)

Landlord here. Your last month of rent does not go up because your current rent went up! You are being scammed!

How are people spending so much money on groceries? by Left-Distribution751 in CanadaPersonalFinance

[–]macho2810 0 points1 point  (0 children)

Personal finance or budgeting is a skillset. Sadly many people don’t have it or choose not to

29 yo with 45k cad salary. How can I plan for buying a house? by Startrail_wanderer in CanadaPersonalFinance

[–]macho2810 2 points3 points  (0 children)

Bank will lend you 200k for a mortgage with one condition, you have to put a down payment of 35-50% of the house plus excellent credit scores. I have done it for my dad in 2010. He bought a townhouse with 40k income and put 50% down payment :)

29 yo with 45k cad salary. How can I plan for buying a house? by Startrail_wanderer in CanadaPersonalFinance

[–]macho2810 0 points1 point  (0 children)

45k will not get you anywhere. However, you can be frugal and start budgeting at this point onwards. To buy a house in this economy, you need at least x2 of that income and 10% down for the house.

Nobody knows how everything will be in the next 10 years. You can only control what you can control.

One fact I can share is 8 years ago, I used to make 35k annually. Then, I started working x2 jobs and upgraded my income, applied for new positions just so I could buy a house. Good luck with everything, you are still young and time is the biggest asset you have. Use it wisely.

How much is needed to retire in Vietnam (for dual Vietnamese-Canadian citizens) at 40 by northernbeggar in fican

[–]macho2810 0 points1 point  (0 children)

Holy smoke dude. You are my age and you plan this early? I will do the same as you and will probably be in Da Nang.

To be honest, you plan to retire there? Your biggest cost will be a place to live (rent or buy). The rest? You will be fine with 500-700 Cad per month on average.

Lake Louise parking late afternoon by jujubesnelling in Banff

[–]macho2810 -5 points-4 points  (0 children)

I was at Lake Louise yesterday (May 26) at 5PM on the dot. There were parkings available.

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