I've gotten over the first hurdle - debt management.
Now that my debt is down to zero and we have been making a conscious effort to spend more "responsibly" in all areas of our lives, we're ready for the NEXT STEP.
That next step would be putting money into an RRSP. Any Canadians on the blogs that have any advice for a really green investor? Does anybody have any experience with AltaMira in particular? We're definitely looking at low risk with a monthly contribution of $200 a month.
Hubby is not a first time home owner, and I know that first timers can take portions out of their RRSPs without huge penalties. I wonder if this would still apply to me as I have never owned a home? I guess this will all come out when I go for my assessment/interview with a professional. But is it common for younger people to invest in things other than an RRSP, as in a "house fund" that makes my money more accessible?
The next step...
May 3rd, 2007 at 03:22 am
May 3rd, 2007 at 03:55 am 1178160907
We never used our RRSPs as a down payment so, although I know people who have done so, I'm not entirely sure how it works.
Good luck with whatever you do!
May 3rd, 2007 at 09:28 am 1178180892
Good luck!
May 13th, 2007 at 01:39 pm 1179059963