Sep 162012
Just wanted to give everyone an update. I have finally paid off my line of credit which frees up approximately $300 a month from now on! I will be using this money to pay off my car payments quicker.
I called up RBC (who provides me my car loan) and found out that I owe much less than I previously thought. Below is the amount I would have to pay to get out of my loan today.
| Cash – Chequing Account | $1,612 |
| Cash – Everyday Savings Account | $454 |
| Cash – TFSA | $308 |
| Cash – High Interest Savings Account | $40 |
| Investment – RRSP | $5565 |
| Debt – Line of Credit | $0 |
| Debt – Car | $17718 |
| Total Net Worth | -$9739 |
Congrats on paying it off!
Would you buy the same car again? It is a beauty but it draws so much resources away from you.
Financial Independence recently posted..Family budget 2012 – $81 K – above the budget $65K
Hi there. I wish you could keep on blogging and give us some more interesting insights.
Have a Happy New Year and see you around!
Financial independence recently posted..End of 2012 year update ($224,500 +$61,000 or +37%)