What are the sources of funds that can be used for post-secondary education?
I already have: - RESP - Part-time/summer job - Family members’ RRSPs - Government Student Loans/Grants This is for Canada by the way.bursaries are available from the government this is for low income families
How do I pay off my 000 debt as soon as possible ?
I have a steady part time job that I do mornings on weekdays. My pay is $ 12 per hour. I am looking to find a full time job on top of the part time that will pay no less then $ 10 per hour. I am trying to figure out a way to bring in as much money after taxes without going over and owing tax money to the government. I usually get money back. My goal is to pay off my $ 10 000 debts at 12 per cent interest before summers end 2007. I would really appreciate some sound advice on how to tackle this in the best way without wasting time needlessly. I also need to place in a few hours of study time every day as I am a student. I live in Ontario Canada. Thank you for taking the time to answer my question.Don’t you have friends who help you? you can take a modest sume from each one of them or you can question a credit card.
You can’t figure in tax penalty when it comes to making money, it’s just part of the deal, learn to live with it. Perhaps there is something you own that you could sell and place towards the debt?
I do not reckon that you will reach your goal of paying off your 10,000 dollar debt, but you should get close. First thing, you should do is do some shopping for some cards that will offer you 0% APR for the first year, I don’t know if you will be successful in getting these cards, but lets say if you get a new card with credit line of 3,000 dollars, Make sure the new card will be paid down before end of the year. For Example, after the change it will look something like this Ancient card $ 7,000 $ 70 a month interest New Card $ 3,000 $ 0 Now lets say you will have 600 dollars left to pay off your debts a month. For the first 6 months pay the first one down, and in the last 6 months pay off the new card so it will be 0 at end of year. You should have got 70-80% of your credit card paid off in a year.
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I would forget about worrying about getting money back from the government. Ideally, when you do your tax return you, it should come out somewhere as close to zero as possible. Don’t be so hung up on getting money back like most people are. A tax refund is just an interest free loan to the government, money you could’ve used to pay your debt. If the companies you work for are taking off too much or too little for taxes in each pay cheque, have them adjust it..
Just earn as much money as you can and pay back as much of the debt as you can. Even if you end up owing some taxes next year, it makes more sense to pay off the higher debt first. The interest rate right now on overdue taxes is only 9% compared to the 12% on your debt. And usually you can work out payment plans as long as you aren’t trying to scam the feds. Just make sure you file on time so you don’t have any late penalties.
Get a credit card with 0% balance transfer so you will not be paying interset till then. Quit worring about $ 10 and hour Take any full time job a $ 9 , even if you have to drop the part time gig. Then pay as much per month on the debt as you can be cause the 0% will last up to one year. If you can’t find a 0% offer check 0% credit card offer in a search window
wright a check
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