Quote:
Originally Posted by JDMDreams
I think having $90 in your bank account isn't horrible, if every other penny is going into investments, all your other expenses are paid on credit to milk cash back and points and you pay off everything in full monthly to not get charged 20%+ interest. The occasional dip into loc is fine as long as you have the assets to back it up/ income. Property tax bill, your car explodes etc.
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I think it's safe to assume
- $0 TFSA + possibly blown up contribution limit
- $0 RRSP + possibly withdrawn contribution limit
- $0 FHSA
and probably consumer debt CC + LOC + HELOC.
Any extra cash paying off consumer debt will yield 6-24%, even car loan which i assume should be 8%+ on a used car.