I'm 1 year out of university in Canada, and have been fortunate to land a job with a $75,000 salary. I will be student loan free in a few months, and don't know how to best divide / prioritize my extra money each pay period. I will have approximately $900 bi-weekly in extra funds, which I want to use towards:
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Making extra payments on my $13,000 car loan (4 years left @ $125 bi-weekly, 4.99%) to own it faster
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Investing in a TFSA account with a managed growth portfolio on Questrade to start building assets / compounding (Currently only have $1,300, but have $45,000+ of TFSA contribution room to use)
Any advice or links to helpful resources on which is better to prioritize is much appreciated!
Submitted April 29, 2018 at 01:08AM by jonhayes37 https://ift.tt/2HZ7jGk
