What Would You Do with $10,000?

My Godmother pasted away a few years back and left me $10,000 in her will. In a few months when everything gets settled that money should be coming to me. I had always planned to use it to start my investment portfolio which is one of my 2012 year goals. However I am now fighting an internal battle on what to do with the money.

Scenario 1) Use the money to seriously start investing

Scenario 2) use the money to knock 1/2 of my debt off on my line of credit.

The thing is I really want to use the money to start investing. . But does it make sense to continue to pay 4.5% interest on the $10,000. If I only had 10k left I would do it in a heart beat. But because I will still have a balance I feel putting it on my student debt is a complete waste of money. The BF thinks I should put on my debt and I have resisted doing that for as long as I knew it was coming to me. But at the time I wasn’t paying rent and other expenses. And while putting $10,000 on my LoC would not reduce my monthly payment, it would keep me on my indented plan of paying off my student debt in less then 3.5 years. Which may no longer be feasible now I am living on my own.

Advise: what would you do with 10,000 if you were in my shoes?

 

Posted in 10% rule, debt free, financial advice, general savings, net worth, student debt, TD student loan, Uncategorized | 4 Comments

10 Things NOT to Buy at a Dollar Store


The other day I stopped in to the dollar store to pick up a few things. As I was going up and down the aisles I noticed a few things that I would not be picking up.

10. Chicken Salad from a Can

Don’t get me wrong I don’t mind the Tuna in a can but chicken!! All I can think is that it must be packed in chicken grease to preserve it. Also it’s not much of a bargain at $1.50 for a small can of chicken and a few crackers.

 

9. Hair Removal Strips

I am going to say it, waxing sucks! But mostly because I suck at it. Even worse when the waxing equipment is bad. I just can’t imagine this stuff being any good.

8.  Wrinkle Eye Cream

Some women will do anything to try and stop the aging process. But what most fail to realize is that you that goal isn’t a possibility.

7. Moisturizing Creams

I am not one to spend gobs of money on face cream but I think you need a little bit of balance. If nothing else get something that is oil free.

6. Thermometer  

Let’s face it, being sick sucks. But being a sick kid sucks even more; out of school but not able to leave the bedroom. I am not a parent but I just would not feel comfortable using a cheap thermometer to determine my child’s fevers.

5. Handy Man Tools
This one made me laugh. It’s a lawsuit in the making I am sure. Imagine someone hammering away and the handle made of plastic cracks causing the head to fall off.
4. Children’s Toys
I am not saying that all Dollar store toys are dangers. What I am saying is that cheap toys can have poor safety standards. A few years ago many toys were recalled because of high levels of lead found in the toys. Check out Recall Owl if you are unsure what toys have been recalled.
 3. Lubricant 
I saw condoms a while back at my local Dollar Store and didn’t think much of it. Until I noticed that the Dollar store expanded the family planning aisle.  It’s the dynamic duo condoms and their clear gel, alcohol free Lubricant.

2. Ovulation Help

Maybe you didn’t need the condoms because you are trying to get pregnant. Make sure you pick up the new and improved Dollar store ovulation device.

1. Pregnancy 

So you bought the condoms and the lubricant and were not actively trying to get pregnant but the condom broke. Don’t worry kids the Dollar store has a solution to help you answer the age old question: am I pregnant or not? Despite being money wise sometimes it’s worth spending a little more, because it would suck if the $1.25 device got the answer wrong.

 

What do you think? Would you willingly buy any of the above products. Or did you see a prodict the last time you were at the Dollar store that you wondered about?

 

Posted in Uncategorized | 1 Comment

For Get The iphone5 I want…

For the longest time I was ani- ipads. Why have a small want-to-be laptop. The cost is outrages for what it is! When ever I stop in to the Apple store, everyone in front of the ipads on display are always playing games. What’s the point of another game consul when I don’t even play games.  I have an iphone and a mac, what’s the point?

The Company I work for is in the process of switching our equipment from touch screens and tablets to ipads. We were given the ipads last Monday even though we are not rolling them out until next Thursday. So I thought I would take out the two ipads and play with them and the apps that are designated for our job. Now outside of the designated Company apps everything else has been locked down (safari, app store and so on) so there isn’t that much to play with. But what really got me was how early it was to slip into my travel purse and the fact that it is lighter than my ratty agenda.

When I went to FinCon12 I became acutely aware of how cumbersome my laptop is to travel with.  So now I am lusting over an ipad, which is definitely not in the budget…. sign

Have you ever lusted over something that was definitely not in the budget? And did end up getting that object in the end?

 

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Sunday Round Up

I have been thinking for some time I should do something special on Sunday. And since I just came back from FinCon and next weekend is CPFC There will be lots of new people and blogs to meet. But it’s always good to catch up on old favourites. So starting today I am going to start my Sunday Round Up.

Here are some great blogs and posts worth checking out!


 

 

IF you would like to be included or have included me in your Sunday Round Up or Link Love, I would love to know!

 

I hope everyone has an amazing Sunday!

Posted in Blog Enhancement, personal Finance blogs | 2 Comments