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,