What to do with my 80k saved? : r/PersonalFinanceCanada - Reddit

Hello r/PersonalfinanceCanada, Long time lurker and am finally reaching a point where i could really use some advice (26, M) am currently living in the suburbs of Vancouver, B.C making 90k salary. I was renting for a while but moved back in with my parents a few months ago to save …


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Finally Saved $80,000! What Now?! Help! : …

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Hello Fellow Investors, I have recently reached my goal of saving up $80,000. I am looking for recommendations and suggestion on how to properly invest my saved up 80k because I am …

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How To Make The Best Use Of $80k : PersonalFinanceCanada

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Sep 26, 2024  · jump to content. my subreddits. edit subscriptions

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26 With $5k Saved, How To Boost Savings And Invest Long-term

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May 6, 2024  · This subreddit is a place to discuss anything related to Canadian personal finance. The topic of "personal finance" includes budgeting, goal planning, taxation, saving, investing, …

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What To Do With $80k Right Now? : R/PersonalFinanceCanada - Reddit

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Hey all. Sadly, about to get about $80k from an unexpected divorce. I guess the upside is that I'll have a large sum of money to invest. Any tips or thoughts on what to do with it? I currently …

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80k Saved, No Debt, Current Salary 45K/yr... - Reddit

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In regards to "living life like everyone else my age", my advice is: don't be a follower. Do what you want to do, not what everyone else does. If going out to the clubs and blowing $200 every …

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What Should I Do With $80,000? Investment Or Mortgage Lump Sum?

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You will just pay off the mortgage sooner (and thus save extra money going towards interest). Don't know the exact number, but if you put down $80k on your mortgage it would knock a …

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FAQs about What to do with my 80k saved? : r/PersonalFinanceCanada - Reddit Coupon?

What should I do with my money if I don't have a plan?

Thinking about what you want to do with your money is the first step to reaching your goals. Budgeting and saving can seem hard if you don’t have a clear plan. Think about: A budget is a plan that helps you manage your money. It helps you figure out how much money you get, spend and save. ...

How much money do you need to save for retirement?

In general, it’s recommended that you build an emergency fund equivalent to 3 to 6 months of your living expenses. Consider saving some of your money for retirement. This is especially important if you don’t already have retirement savings or an employer pension. ...

How can I save money on my debts?

The interest you pay on debts, such as credit cards and loans, can cost you a lot of money. This means you have less money for yourself and your family. Figure out what debts you have and how much you pay for each of them. Pay off your debts with the highest interest rate first as this will save you more money in the long term. ...

How do I set a savings goal?

If you are having trouble setting savings goals, try starting small by setting a short-term goal. This could mean a goal that you want to reach in the next year or less. It’s important to have an emergency fund in case you have to pay for unexpected expenses or in case your income goes down. Some examples of unexpected expenses include: ...

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