Personal Finance Canada

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Personal Income Spending Flowchart (Canada) (lemmy.ca)

submitted 2 years ago by [email protected] to c/[email protected]

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cross-posted from: https://lemmy.ca/post/694194

Steps for 🇨🇦 taken from reddit.

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[–] [email protected] 2 points 2 years ago* (last edited 2 years ago)

I think this chart is great, but really really complicated for someone new to this.

IMO, we should really try to work on 3 different charts : a very basic and simple one with the main steps for regular people, a standard one for people that are more interested in finance, and a hardcore one for tinkerers and optimizes...

EDIT: it should also be updated for the FHSA.

[–] [email protected] 1 points 2 years ago

I’m surprised that paying off high interest debt is so low on the flow chart. I personally don’t know if it’s a good idea to follow this chart as it is.