Help Need To Get My Financial Life Straight
Chequing Account= $3000
RESP= Invested so far $1250 plan to have invest another $1250 before the end of the year to get max government benefits. (Invested in Mutual Funds)
TFSA- $627 (Cash)
I just signed up for the AMEX Gold card and supposedly got 15,000 pts (which is $150).
I am planning on going on vacation end of 2014 (Oct-Nov) and will need atleast $4000 for tickets and expenses.
I have about $500 left every week after minus gas, and eating out.
My expenses are
$50- Home Phone + Internet (Starting in 2014)
$33- Cell Phone Bill
$58- Gym Membership
$150- Car Insurance for 2 cars
Total Mandatory Expense comes to $691 (say $700)
I should be saving around $1300
My son receives child benefit, etc which is used for his food, diapers, clothing and to max out his RESP
So what should I do with my $1300 saved up starting in 2014 every month. My current TFSA is ***** since I don't make anything off of it. Where should I put my money if I will be needing atleast $4000 by next yr November?
Any other advice to give out?