Situational Question: You are a single 23 years old, 5,000 dollars in debt and make 80,000 a year in salary. How do you spend your money?

If you are thinking of withdrawing from your RRSP to pay off your debts, you ... Here is the situation: I (53 years old) earn 111K before tax and my wife (54 ... Should we start making spousal contributions of say 5,000 a year and ... visit as spending money, but as for the $1300, I'd rather add it to the savings ...

If you need most of your income to eat, it might be spend 90 save 10 or even 95/5 . ... . His situation makes it confusing for us to plan for retirement savings. ... .. My problem with this article is the fact that as a 23 year old who just started ... .. For example over the last 4 years you have put 5000 into your Roth ...

I Have Collections Appearing on My Credit Report, Can You Help Me? 9. ... Can I use Income from Rentals or Money I receive from a Roommate? ... . An applicant who is 20 years old, even though they have established credit, and paid ... . Also, if you have been on your current job for less than one (1) year, and had a large ...

Take 44-year-old Nicole Jackson for example. ... she has better ways she would like to spend her money, like saving for her children's college education. ... If youcan't afford to pay for your higher education outright, but can afford to make the ... So after 10 years of making payments you could be debt free.

If you've asked the same question, here's a quick way to know what your ... If the net income is declining, you'll be lucky to get five times last year's return. ... get out of debt, earn more money, and generally stop worrying about your money. ... I started a new corporation 3 months ago so I could start fresh (closed ...

Follow my strategy of savings, and you can retire by 40 and literally kick back for the ... All you have to do is work for 18 consecutive years and save 55% of your after tax ... If we exclude the interest income, $29,163 a year is not exactly a lot tospend, but ... In order to make her money go farther, Jane could move to a cheaper ...

This is one of the things about which I get the most email questions. ... offer this option, you can still contribute up to $5,000 on your own to an IRA account. ... youcan contribute up to $44,000 per year using the SEP-IRA or solo 401k ... ... Furthermore I don't even want to think about it until I'm 60 years ...

Knowing where you are is, as Your Money Or Your Life makes clear, ... These are the essentials of good financial hygiene: being out of debt, providing for our future, ... . I tend to look at a high income like $80,000 NOT as a luxury ... .. My family spends thousands of dollars a year on health care due to a ...

As you would expect, the older people get, the more they have saved. ... Retirement savings of $5,000 or less was the most popular answer, ... Please consult a financial adviser for advice specific to your financial situation. ... . income of $70,000 or $80,000 a year they are 30 years old. ... . are you in debt?

Money Mic: Being Green Saves Me Over $21,000 a Year ... Next, you make a payment toward your debt or, in my case, payments ... I figured out that, depending on how fast I wanted to pay my loan and amass ... that tracked every single dollar I spent so if I spent over my limit one week, ... . Older Comments.