What to do with $20k ?

[UnatcoAgent]

I don't have any CC debt, aside from $150 bucks, it's just the student loan right now. I had been told about the 6 months of salary in high interest savings incase you need it / lose your job, which was the plan I was following, but now I'm wondering what the smartest way to go about this is.

You guys make some great points, I know my work does match my RRSP contributions up to a % but I'm too late for that this year, but the RRSPs are something I know I need to look into fast.

I'm not sure about buying a home, I would have enough to put a down payment, but I don't know if I want to be situated somewhere right now or deal with renting it out to someone. And yes 10 months is a short time for that much money (to some) but I work a lot of contract work on the side from my full time job, and only pay 700 in rent each month.

Thanks a lot thus far!

 

[Kabrinski]

Invest it in the Kabrinski Foundation. We here at the Kabrinski Foundation are dedicated to supporting Kabrinski and his financial responsibilities until he can once again obtain a place in the workforce.

Cash, checks, credit cards, and PayPal are accepted.

 

[UnatcoAgent]

Hah an NO drugs or gambling!!

maybe some gambling

 

[Alyx]

As far as buying a home, a lot of people I know buy a cheaper home then live in it and rent out the extra rooms. Benefit being is that you are there to make sure people take care of it and it will also extend your income some.

Although if you are paying $700 in rent now I imagine you prefer to live without a bunch of people.

 

[UnatcoAgent]

Originally posted by: Alyx

As far as buying a home, a lot of people I know buy a cheaper home then live in it and rent out the extra rooms. Benefit being is that you are there to make sure people take care of it and it will also extend your income some.

Although if you are paying $700 in rent now I imagine you prefer to live without a bunch of people.

Exactly,

I have one roommate and we're on the same wavelength with everything, we keep the place in pristine condition. I couldn't live with people again I don't think.