deliberately getting into debt
i work 2 jobs
: and dh is a student. we definitely count as low, low income. but i have a plan:
canadian student loans.
you see, in canada student loans don't start having interest until a year or so after the student finishes school. and we get a certain % of the loan amount in grants if we are low income or have kids. sooooo....
we're getting the maximum amount of student loan we can. so that we get as much as possible in grant money. they calculate how much to give based on a few things and one is the bank balance, so the emptier our accounts are the more we get. so we recently got a killer deal on a house. so whenever our bank balance gets above 500$ we put the money on the mortgage. that way we always look broke. but then we get more loan & grant money. so we put that on the mortgage, too. when dh finishes school we will sell the house and for sure get a chunk of change more than we paid for it, and hopefully it will have a lot of the mortgage paid off already. so we'll use the proceeds from that to pay off the student loans before they start gathering interest. then we will save for a huge down payment and buy a little bit of land, build a house, get chickens and a goat...
it feels so good to have a plan. when little things come up and we can't pay them right away because our bank balance is so low that sucks, but in the end we're going to win.