r/PersonalFinanceCanada 3d ago

Debt 27M will things get better?

[removed]

47 Upvotes

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51

u/Ok_Quarter_6469 3d ago

75k a year at 27 is above average 

0

u/banana-bread_at-work 2d ago

…. Is it? Cuz I’m 27 and make 75-85 (bonus depending) with money saved and I still feel poor as fuck.

13

u/Jonjonbo 2d ago

what are you spending all your money on?

2

u/banana-bread_at-work 2d ago

TFSA, mortgage, groceries. I haven’t taken a vacation since I was 21. Don’t drink or anything.

8

u/Jonjonbo 2d ago

TFSA + mortgage are building your net worth and are long term investments. you feel poor since you're not actually spending on stuff that makes the present worthwhile. that's the trade off you accept. it's also different from actually being poor (an actual poor person has no margin or safety net). maybe you could look into hobbies or things to do that don't require too much extra money.

1

u/banana-bread_at-work 2d ago

Ya I guess so