NEW DIRECTION
After some research and thought, I have decided to cancel my personal RSPmatic at the bank. I will continue to contribute through work- as they have a matching program and I will not say no to free money. Also, we need to be saving something for the Home Buyers Plan. At the say time after doing a lot of research with mortgage calculators- the fastest way for us to get into a house is to apply the money from the Home Buyers plan directly to our debt instead of using it as a down payment. It will allow us to get an increased mortgage of $50,000 more when we are ready to buy- it will allow us to get into a house sooner. So, as I was thinking this over-- since we are going to use what is there for debt repayment why am I bother with the $40/week on my personal RRSP?? why not go directly to debt repayment and save the interest now instead of having it make pretty well nothing in interest for the next two years?!?
I will be cancelling my RSPmatic with my bank today. Keeping in mind I still have another RRSP and DPSP.
GOOD NEWS...MAYBE
We have received a message from someone who is interested in buying the CSX!! They went away for the weekend so I will need to give them a call tomorrow. We are really hoping this works out. We need to get out of this tremendous car payment. More news on this one later. I'll be cleaning and washing the car tonight!
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