Hi All,
I am Marigold. My husband and I live in Canada with our 1 year old child. We are doing okay so far, but have some debt to deal with. We are on the same page now financially but by failing to plan, we sometimes spend too much on groceries, diapers, etc.
Mr. Marigold makes approximately 80,000 per year at his regular job. He also gets an annual bonus of about 10,000 that he puts in his RRSP. He takes part in his work's "matching" program, where you can buy their stock and they will match it to 4%. He has about $100,000 in his RRSP. He also has a little side hustle where he usually makes about $2-5000 per year.
I make approximately $55,000 in a public servant position with a defined benefit pension plan. I have medical benefits that cover 80% and dental that covers 90%. We both have life and disability insurance through work. I also have a side hustle writing. I don't make much at it, but about $1000 per year.
I have $1500 in an RRSP
Our 2009 vehicle is paid for and in good condition, I use public transit for commuting and my husband is close enough to walk.
We have a mortgage of about $265,000 on a home with a (conservative) value of about 375,000.
The really BAD:
I have a student loan (now at 25,000 was at 40,000 originally, interest rate is 5.5)
two lines of credit one at $34,000 (interest rate 5.5) and the other at $16,000 (6.0)
Thanks!