Some preliminary financial plans for future
Last night after my post, I went for a drive. Mainly to have a think, but also to make sure the car was ok. It was.
I drove to the seaside, stopped to get a bee out of my car, then drove out to the city for petrol and went to that waterside area past the casino. I parked my car and sat inside, thinking. Part of me wanted to nap, but another part, the part that can't stay still, took out my phone and started calculating.
Winning back $300 seemed to have made my situation a whole lot better. Now in the new year, I will only owe $2,800 overall on my credit card. I figured I could either pay it off in two months, or make the most of the four months left on the interest free period and save some/pay back my dad.
In any case, when I eventually pay it all back, I came to the conclusion that I could save about $18,000 a year. Give or take a bit for spending, let's say that's $15,000 a year. I had some preliminary thoughts about how to use that - I could put $5,000 into the FHSA, $5,000 into shares and the last $5,000 into an online savings account for use if need be.
But in any case, that'd only be $15,000 a year. If I ever want a deposit for a house, that's not going to be enough. Let's say a property I want is about $600,000 - I'm gonna need $60,000 deposit, so it'd take four years to get that, and I don't wanna move out when I'm 33. I wanna do it much, much earlier than that.
I drove to the seaside, stopped to get a bee out of my car, then drove out to the city for petrol and went to that waterside area past the casino. I parked my car and sat inside, thinking. Part of me wanted to nap, but another part, the part that can't stay still, took out my phone and started calculating.
Winning back $300 seemed to have made my situation a whole lot better. Now in the new year, I will only owe $2,800 overall on my credit card. I figured I could either pay it off in two months, or make the most of the four months left on the interest free period and save some/pay back my dad.
In any case, when I eventually pay it all back, I came to the conclusion that I could save about $18,000 a year. Give or take a bit for spending, let's say that's $15,000 a year. I had some preliminary thoughts about how to use that - I could put $5,000 into the FHSA, $5,000 into shares and the last $5,000 into an online savings account for use if need be.
But in any case, that'd only be $15,000 a year. If I ever want a deposit for a house, that's not going to be enough. Let's say a property I want is about $600,000 - I'm gonna need $60,000 deposit, so it'd take four years to get that, and I don't wanna move out when I'm 33. I wanna do it much, much earlier than that.
posted by toey | 15:22
0 Comments:
Post a Comment
<< Home