General Goals 1) to be debt free in 3.5 years 2) save lots of money

Thursday, April 28, 2011

Dilemma Dilemma

Yesterday was a really busy day for me. I had an alumni hockey game last night which was wonderful, except I am really really out of shape! Also at work we started our shift biding. Basically every 3 months our shifts change. This new shift bid comes into effect in June and goes till the end of August (the whole of summer). What I was looking for was something that had weekends off and was done before 8pm. The options were all late shifts ending 11, 11:30 or 12am. And you didn’t even get a weekend off. So it would be random days like Tuesday and Sunday off or Wedsnday and Friday off. The only shift that sorta met my desired criteria was a shift that was 12-8pm but you had Tuesday and Sunday off. Instead I opted for what is called ‘flex’ The idea is that you do what ever needs to be filled, the shift constantly changes every 2 weeks and it could be day shifts, afternoon shifts, night shifts or weekend shifts. However there is the change of getting weekends off. Also by taking a flex shift you get an extra 10% pay premium. This really works out to be a couple hundred bucks a month. But will be roughly an extra $600 during those 3 months. Now this is the dilemma. Do I take that extra money and put it into my LoC or do I put it into my car fund. I really want to put it into my Line of Credit. But I think I am going to have to put it into my car fund. I have been neglecting it for quit a while to focus on my LoC. But my mom really can’t continue to drive me and come August she spends most of the month at the cottage anyways, so we won’t be able to drive me to work. If I end up with 6 am shifts one week I need to have away to get to work as public transit doesn't start that early were I am.

What do you think? LoC or car fund?


  1. Hmmm I think I'd be tempted to put it in the car fund too. It You are only about $1500 from your goal there and it sounds like it would be beneficial.

    Tough decisions are always daunting. Either way great job on taking the shifts that will give you extra money.

  2. Why don't you split it? You could do an even 50-50 split, or as I see your car fund balance is $3,479.53, you could put $520.47 in your car fund to get it to $4000 and then the other $80 in your LOC. You're pretty close to your car fund goal - well done :-)

    I tried about 5 times to post this comment at work and it wouldn't work. But at home? No problem. Weird.

  3. I like the idea of splitting it. That way you make progress on both accounts beyond your usual contributions. Either way, though, sounds like a great decision to take the flex shift and the bonus that you get with that!


  4. I would put it in the car fund.

  5. Thanks everyone for your advice!