So, remember that time I paid off my student loans? I do, because it was the best day ever in the history of ever. Well, that was back in early April and it means that now, at the end of every month, I am finding myself the proud owner of $1,800 that used to just tragically disappear from my bank account. I actually have my paycheque set up so that a (very large) portion of it goes to a completely separate account (instead of my main chequing account) and from which automatic payments were drawn every month to pay my student loans. It made me feel better to not have to see that money go into my chequing account and then disappear – I was able to pretend that I just made a lot less money than I do. But now that money goes into that separate account, but it doesn’t get taken out!
So now I’m faced with the very First World Problem of what to do with that money. Well, actually, not *now* as I’m also faced with the very, very First World Problem that my scholarship is being doled out to me at a slower rate than my tuition fees are coming due1, so I’m having to front the money to pay tuition (and thus it’s very fortuitous that this money has been liberated right now). But shortly my scholarship income should catch up to my tuition fee output and *then* I’ll really need to figure out something to do with this cash.
With all this in mind, I decided that it was time to talk to a financial planner. Now, don’t get me wrong. It’s not like I’m a total delinquent with my money. I’m contributing to pensions and RRSP and TFSA and saving for my 40th birthday trip extravaganza 2. But I think I need to sit down with someone to look at my whole financial picture and do some long-term planning.
My friend Martha recommended her financial guy and I went and met with him this week. He seemed pretty good, but he suggested that I should probably meet with a few financial planners to see who would be the best fit for me3. So I’m wondering if anyone has any recommendations for financial planners?
Image Credit: All the images in this posting were posted on Flickr by 401K with a Creative Commons license. I kind of love this person’s photos!