Financial Update

Hi there,

So its the beginning of a new year so I thought I'd update you on my finances :D  And I started off with a list of my debts and my month expenses and then added my school expenses and started to detail the money I have on hand but then realized its too depressing.  I have about $50k in debt on 3 credit cards, a line of credit and a student loan.  All of which are too close to being maxed out than I am comfortable with.  I have enough money from OSAP this semester to cover my tuition and rent.  That leaves me with about $1000 in the bank that I made over the holidays for everything else... food, gas, cell phone, insurance, credit card payments.  And let me tell you $1000 is very unlikely to get me through 4 months of these expenses.

So I'm banking on my tax refund.  I only worked about 8 months of the year.  And didn't work a lot of hours due to school and what not but I always have them take off a bit of extra money to ensure that I'll get something back... plus I'm a student so I'm basically guaranteed a nice refund.

If not, I thankfully have a few options.
1. Max out my credit cards.  I have about $2500 of available credit that I could potentially use
2. Cash in my RRSPs.  I really wouldn't enjoy this but I could do it without penalty since its for school.
3. Ask my parents/grandparents/family.  I don't really feel comfortable with this due to the financial situation of my family but if it comes down to it then a girl's gotta do what a girl's gotta do.

I hate the idea of going further into debt but I also see it as a temporary situation.  Once summer comes I plan of getting two jobs and working my butt off.  I will hopefully also score a supply teaching position for September.  I'm really trying to not worry about money right now but its tough.

Side note:  for those of you who are wondering why I don't have a job.. I do, I work 3hrs/week at my school.  Aside from that work it would be extremely difficult to get a job with my class and placement schedule as I'm only in town for a few weeks at a time.

Anywho thats all for now,
Jenny~Z