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My Monthly Savings In Canada - Travel (5) - Nairaland

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Re: My Monthly Savings In Canada by atutupoyoyo2211: 3:52pm On Nov 24, 2018
Most Definitely. Earning a degree is always the best because then you get to compete favourably with the best jobs. The site where i work security have lots of engineering companies working on the project, and they earn good money.
Godchangemylife:

Hello bro, what if one completed a degree in canada/USA. Can it help one earn more like without overtime work.
Like me planning on getting a bsc in Electrical Engineering, Do I have a higher chance on not working that much and getting paid heavily.
Ps: I'm not lazy just a question.

1 Like

Re: My Monthly Savings In Canada by chinochizzy: 3:56pm On Nov 24, 2018
salford1:

I actually prefer the OP's lifestyle. He is not even sacrificing his comfort while saving. You saw where he wrote that he drives a 2017 car? Newer model cars don't come cheap as you can tell from his monthly payment. I have worked security jobs too when i was a new immigramt in Canada. It's one of the easiest survival jobs out there. It also lets people prepare for professional exams while on the job compared to other survival jobs that would break people and leave them worn out.

The op has set himself on the right path. Canadians like to consume, consume and consume the more often spending more they can afford which the government is even trying to discourage by increasing the BOC lending interest rate to slow down that habit.

I dont see how Op's savings habit has anything to do with Abacha or Nigerian corrupt politicians. It's like comparing apples to oranges.
Pls I don't understand is it that u will collect a car and be paying for it installmentally?
Re: My Monthly Savings In Canada by Nobody: 4:08pm On Nov 24, 2018
atutupoyoyo2211:
Most Definitely. Earning a degree is always the best because then you get to compete favourably with the best jobs. The site where i work security have lots of engineering companies working on the project, and they earn good money.
Okay Thank You
Re: My Monthly Savings In Canada by salford1: 4:27pm On Nov 24, 2018
chinochizzy:
Pls I don't understand is it that u will collect a car and be paying for it installmentally?
I think the OP would be in a better position to answer this. It could be a lease or a finance. I do not know.
Re: My Monthly Savings In Canada by Nobody: 4:31pm On Nov 24, 2018
chinochizzy:
Pls I don't understand is it that u will collect a car and be paying for it installmentally by installments ?

14 Likes

Re: My Monthly Savings In Canada by atutupoyoyo2211: 10:30pm On Nov 24, 2018
Yes thats what it means. I am financing my car so i pay instalments every month. i pay $500 every month for an 84 month term. My car contract is an open one, that means any timne i have the full money for the car, i can pay it off, or i can also go back to the dealership for an upgrade. Now one can either finance or lease a vehicle. If you lease, its more like you are renting the vehicle for a set period. with financing, its more like rent to own.
chinochizzy:
Pls I don't understand is it that u will collect a car and be paying for it installmentally?

14 Likes

Re: My Monthly Savings In Canada by Haryoureendey4(m): 10:59pm On Nov 24, 2018
atutupoyoyo2211:
Hi Guys, I moved to Canada 2 years ago and i have not been able to save any money yet. I made up my mind that i must save $120,000 (one hundred and twenty thousand dollars) by November 10,2020. I decided to document my progress on this forum, so that anyone that wants to compel themselves to save money for the future can also be encouraged to do so. We all have different savings targets. I didn't put my full information on the forum due to security reasons since i am going to be posting my bank balances from time to time to document my progress. Now, a little background on myself. I am a graduate from Nigerian. I came to Canada in 2016, worked in a warehouse for a while. I presently work as a security guard while doing my Masters degree. Its a 2 year masters degree. My hourly earning is $16 an hour, but i work a heavy overtime schedule, since nobody wanted to work overtime, as a naija sharp guy, i offered to work the overtime shifts.
I started the Savings last week and i am going to post my first bank balance online. Lets see if i can meet my target. If anyone has tips that can help me achieve my goals, your suggestions are highly welcome. If anyone wants to save, you can also post on here , lets document our progress together. But please keep personal info off here for security reasons. So, lets do this.
bro can we do a business together?
I'm a fashion designer, I will sew different men native wears and send to you there, u sell it over there, then u take 50% share and I take 50% too

2 Likes

Re: My Monthly Savings In Canada by otokx(m): 12:29pm On Nov 25, 2018
Nice thread
Re: My Monthly Savings In Canada by BABANGBALI: 1:52pm On Nov 25, 2018
Op do you need to do this? Na only you dey Canada? Finally, your village monitoring spirit don catch you, na to make the money in account useless na him remain
Re: My Monthly Savings In Canada by BABANGBALI: 1:53pm On Nov 25, 2018
Haryoureendey4:
bro can we do a business together?
I'm a fashion designer, I will sew different men native wears and send to you there, u sell it over there, then u take 50% share and I take 50% too
the sharing formula is not in your favour

4 Likes

Re: My Monthly Savings In Canada by adesbaba: 5:12pm On Nov 25, 2018
@op...Salford(Our Senior boss)...Congo2...Ontariosaggua

Let's say one lands as PR , 27yrs old married with a a year kid n decides to go back to schoo for msc or mba so as to get good job atleasr within 2 yrs of landing...??

Is this achievable

Like how much will the family need to survive per month..I know CIC requires over 15k as POF,..


Will the MSC or MBA give the person an edge in getting good job after grad,or its just a waste of time....or will u advise 8 months PGD in Seneca PR Fanshawe



What advice will u give fr such family to speed up career growth n live well in Canada...

PS:Bsc accounting holder fr d guy



And as for op,your kind is rare.. Interestingly I have similar,plans..work fr sometime,save seriously n do my own thing...not saying Sir,Yes madam,okay oga to anyone at the age of 55

1 Like

Re: My Monthly Savings In Canada by Haryoureendey4(m): 9:19pm On Nov 25, 2018
BABANGBALI:
the sharing formula is not in your favour
sorry I don't get u sir
Re: My Monthly Savings In Canada by BABANGBALI: 9:51pm On Nov 25, 2018
Haryoureendey4:
sorry I don't get u sir
the 50-50 sharing formula, what then is your gain in the business?knowing fully well all that you'll spend to make the clothes and get them across to him in Canada

4 Likes 1 Share

Re: My Monthly Savings In Canada by chinochizzy: 8:45am On Nov 26, 2018
atutupoyoyo2211:
Yes thats what it means. I am financing my car so i pay instalments every month. i pay $500 every month for an 84 month term. My car contract is an open one, that means any timne i have the full money for the car, i can pay it off, or i can also go back to the dealership for an upgrade. Now one can either finance or lease a vehicle. If you lease, its more like you are renting the vehicle for a set period. with financing, its more like rent to own.
How much is the cost of the car and what model of car is that? How long are u going to pay for d car
Re: My Monthly Savings In Canada by oluayebenz: 9:05am On Nov 26, 2018
chinochizzy:
How much is the cost of the car and what model of car is that? How long are u going to pay for d car

He said he's financing d car and will pay off in 7 years
Re: My Monthly Savings In Canada by atutupoyoyo2211: 2:23pm On Nov 26, 2018
A 27 year is still young, cos i am older than that but i have stated a master's degree. I was once shortlisted for a job that pays $90 an hour, but i didnt get it because i had no masters degree and the recruitment team let me know. That was why i immediately enrolled for a masters degree. Having a kid is no problem at all because the government will even help you out until you get a job. Its an organized society here. This is the way Canada society works, or i think so. If you possess a lot of degrees from outside the country, thay may not matter until you get even one degree from Canada. It can be a diploma, BSc PGD or masters degree, but just get something from here and you are good to go
adesbaba:
@op...Salford(Our Senior boss)...Congo2...Ontariosaggua

Let's say one lands as PR , 27yrs old married with a a year kid n decides to go back to schoo for msc or mba so as to get good job atleasr within 2 yrs of landing...??

Is this achievable

Like how much will the family need to survive per month..I know CIC requires over 15k as POF,..


Will the MSC or MBA give the person an edge in getting good job after grad,or its just a waste of time....or will u advise 8 months PGD in Seneca PR Fanshawe



What advice will u give fr such family to speed up career growth n live well in Canada...

PS:Bsc accounting holder fr d guy



And as for op,your kind is rare.. Interestingly I have similar,plans..work fr sometime,save seriously n do my own thing...not saying Sir,Yes madam,okay oga to anyone at the age of 55

11 Likes 2 Shares

Re: My Monthly Savings In Canada by atutupoyoyo2211: 2:26pm On Nov 26, 2018
Funny though. You no one thing i like about village monitoring spirits, if they do exist then it means My God exist. Cheers Bro
BABANGBALI:
Op do you need to do this? Na only you dey Canada? Finally, your village monitoring spirit don catch you, na to make the money in account useless na him remain

46 Likes

Re: My Monthly Savings In Canada by sats: 4:47pm On Nov 26, 2018
BABANGBALI:
Op do you need to do this? Na only you dey Canada? Finally, your village monitoring spirit don catch you, na to make the money in account useless na him remain

Village monitoring spirit my feet

2 Likes

Re: My Monthly Savings In Canada by cuteesthy(f): 5:00pm On Nov 26, 2018
eeeeeh, nice thread Canada i must get there one day yes i believe

3 Likes

Re: My Monthly Savings In Canada by atutupoyoyo2211: 5:46pm On Nov 26, 2018
I tire o, The spirit no dey fear. Spirit wey neva get visa wan pursue me reach jand. Sorry for the pidgin, but the Naija blood still dey my body.
sats:


Village monitoring spirit my feet

5 Likes

Re: My Monthly Savings In Canada by Nobody: 5:50pm On Nov 26, 2018
canada here i come


can i do my it in canada ?

elect/elect


op abeg

and can it boost my chances of getting the pr visa
?
Re: My Monthly Savings In Canada by adesbaba: 6:25pm On Nov 26, 2018
atutupoyoyo2211:
A 27 year is still young, cos i am older than that but i have stated a master's degree. I was once shortlisted for a job that pays $90 an hour, but i didnt get it because i had no masters degree and the recruitment team let me know. That was why i immediately enrolled for a masters degree. Having a kid is no problem at all because the government will even help you out until you get a job. Its an organized society here. This is the way Canada society works, or i think so. If you possess a lot of degrees from outside the country, thay may not matter until you get even one degree from Canada. It can be a diploma, BSc PGD or masters degree, but just get something from here and you are good to go



Wow,thanks a lot bro
Re: My Monthly Savings In Canada by salford1: 1:14am On Nov 27, 2018
adesbaba:
@op...Salford(Our Senior boss)...Congo2...Ontariosaggua

Let's say one lands as PR , 27yrs old married with a a year kid n decides to go back to schoo for msc or mba so as to get good job atleasr within 2 yrs of landing...??

Is this achievable

Like how much will the family need to survive per month..I know CIC requires over 15k as POF,..


Will the MSC or MBA give the person an edge in getting good job after grad,or its just a waste of time....or will u advise 8 months PGD in Seneca PR Fanshawe



What advice will u give fr such family to speed up career growth n live well in Canada...

PS:Bsc accounting holder fr d guy



And as for op,your kind is rare.. Interestingly I have similar,plans..work fr sometime,save seriously n do my own thing...not saying Sir,Yes madam,okay oga to anyone at the age of 55
I am not sure on how to answer this. I am an Engineer and won't really be the right person to inform you about business careers in Canada.

Depending on your family size and lifestyle, you may require atleast $300 per month for groceries/feeding alone. Other bills like phone, internet and electricity can set you back at least $250 per month. If you have a car, add another $300 to $500 per month based on how far you have to drive to work plus insurance payment. Rent would vary upon region or the type of house want to live in. Anywhere in Canada, I do not expect anything decent to be less than $1000 a month for a family.

2 Likes 1 Share

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