Posted by Tim Stobbs on January 11, 2008
We plan to finish this difference mostly from a third paycheque I get in Feb ( I get paid every two weeks) and our tax refunds. Then with the new tax changes on my TD1 form and a salary increase for me it is looking like we should easily exceed our saving goal now.
So the question becomes, what to do with the extra cash? At first I had lots of ideas of how to use this money, but in the end I’m going to just hang onto it as cash for now. I rather like the idea of having a little extra stored away just in case things don’t go according to plan. If it turns out I don’t use the money I can always dump it into an RRSP account later on.