19 years old, about $7000 My provincial student aid (Manitoba) really gives you more than you can spend. I get around $10 per month from interest alone.
19 $25,000 I worked full time throughout high school and had multiple jobs in the summers (approx. 80 hours a week) I also had first year paid for so far in scholarships.
21, about $30k, more after this co-op is done. It would be more, but I have made some large purchases like a $3000 pc, big tv, expensive dates, stuff like that.
Currently $8500 CAD and around $9800 USD. By the end of this co-op and after my tax refund from last year though, that will be more like 20k USD. So around 30k by the end of this co-op as well.
I only bothered to do 4 co-op terms and this is the first one that paid really well. 22 years old. Maybe have about $3000 in stuff total when I count all my furniture, electronics, camera, clothes, etc.
$1500 CAD 0.5 BTC (and growing, mining and trading) $70K Mutual fund given to my from my Grandfather No debt because RESP that will last about 1/2 of school 18 That being said my parents are in lots of debt (of the magnitude 100K) and dont have much of a retirement so I'll probably pay all their debt off and make their retirement.
How do you guys have this much money from co-op? What I earn in co-op goes towards my tuition and rent/food for next term. Do your parents pay for you or paid for you in first year?
(20) If money was an issue, I would have spent a lot more time chasing some down. As is, my parents pay for my tuition and living costs on school terms (bare necessities only), but if they didn't it's not like I couldn't afford it. My pay for this co-op alone is nearly 30k gross, and if I were to go back I'd earn at least 5k more. However, I'm co-oping in the US with generous benefits (i.e. housing), so I think that puts me in like the top 10% at least of students.
People who have 20k+ in debt obviously aren't going to be posting here, so there's confirmation bias too :P
If you are able to pay off your OSAP within the first 6 months of graduating, or fit repayment relief status after that, OSAP ends up being a cheaper way to pay for school. You get bursaries, bringing the total cost of school down. So if you can beat the interest, it is a great way to do it. When my SO had OSAP, we never paid any interest. He made just under the cut off (because I am listed as his dependent since I am in school), so the government paid his interest and he didn't have to make any principle payments. The money just sat there. We saved up, then made a lump sum and paid it off. We saved a few thousand.
21 with only about $2000 in my TFSA and $1000 in my regular bank account. I didn't start working regularly until I was 20 and it's only been part-time stuff. Plus, I love shopping dearly.
Because people with money like to show it off, so they are more likely to post their finances here than the average poor student. I am sure students with debt outweigh the number of student in strong financial situations.
Not bs. I got in at around 50 cents/btc. I used all of my savings left over after 1st year. Now I just collect OSAP and live off that while paying for all extras in cash.
28.a It's not just BTC. I also dabble quite heavily in altcoins. I'm just waiting for those to take off.
19 years old, about $7000
ReplyDeleteMy provincial student aid (Manitoba) really gives you more than you can spend. I get around $10 per month from interest alone.
negative 15 grand
ReplyDelete0, no co-op job yet, parents pay
ReplyDelete$1100 ... sigh
ReplyDeleteAbout 30 grand. I've been saving it for a long time and now I'm 23.
ReplyDelete$4,500 - RRSP
ReplyDelete$4,000 - Chequing (a chunk of which will be going to the TFSA soon)
$3,00 - TFSA
-$13,000 - Student loans
26
$2000 in mutual funds
ReplyDelete$5000 in a high interest TFSA (it's shit, at least put it in bonds or something)
$1000 in a personal stock portfolio
19
It'd be better for you to put your stocks (and possibly your mutual funds) in your TFSA...
Delete^more risk though
DeleteHow it has the same earning potential and its tax free.
DeleteOnce I graduate I will max out my RRSP and contribute free capital to my TFSA
Where can I get more info on mutual funds?
DeleteIIRC if you lose on an investment in the TFSA then you can't use that loss to offset capital gains. So it is indeed more risky.
DeleteThis comment has been removed by the author.
ReplyDelete21, $10,000 from coop
ReplyDelete19
ReplyDelete$25,000
I worked full time throughout high school and had multiple jobs in the summers (approx. 80 hours a week)
I also had first year paid for so far in scholarships.
22
ReplyDelete$45,000
Mostly came from co-op and living frugally
$1.3 million, inherited some property.
ReplyDelete21
DeleteMy first reaction was troll, but then I realized it was just 1 house in a good neighbourhood in Toronto or Vancouver. I'll never be able to afford one
Delete22. About 40k saved from working during summers,coop and school.
ReplyDeleteIf you have that much in savings do you still get osap?
ReplyDeleteI got 40k saved (minus OSAP loans so like -18k). I still get OSAP just because they give you shit that you don't need to pay off.
DeleteI will never save for retirement because I plan on killing myself when I become too old (aka a burden on society).
ReplyDeletehahahaha best answer ever. I agree 100000%
DeleteAbout $20K in cash/securities from co-op, scholarships, etc. Evaluating assets would take too long.
ReplyDelete21, $10,000
ReplyDelete23 years old. ~$30,000 in the bank.
ReplyDelete21, about $30k, more after this co-op is done.
ReplyDeleteIt would be more, but I have made some large purchases like a $3000 pc, big tv, expensive dates, stuff like that.
Currently $8500 CAD and around $9800 USD. By the end of this co-op and after my tax refund from last year though, that will be more like 20k USD. So around 30k by the end of this co-op as well.
ReplyDeleteI only bothered to do 4 co-op terms and this is the first one that paid really well. 22 years old. Maybe have about $3000 in stuff total when I count all my furniture, electronics, camera, clothes, etc.
23
ReplyDelete46000 401k
42000 brokerage
22000 US cash
2000 CAD cash
$1500 CAD
ReplyDelete0.5 BTC (and growing, mining and trading)
$70K Mutual fund given to my from my Grandfather
No debt because RESP that will last about 1/2 of school
18
That being said my parents are in lots of debt (of the magnitude 100K) and dont have much of a retirement so I'll probably pay all their debt off and make their retirement.
20 years old
ReplyDelete$24,000
How do you guys have this much money from co-op? What I earn in co-op goes towards my tuition and rent/food for next term. Do your parents pay for you or paid for you in first year?
ReplyDelete(20) If money was an issue, I would have spent a lot more time chasing some down. As is, my parents pay for my tuition and living costs on school terms (bare necessities only), but if they didn't it's not like I couldn't afford it. My pay for this co-op alone is nearly 30k gross, and if I were to go back I'd earn at least 5k more. However, I'm co-oping in the US with generous benefits (i.e. housing), so I think that puts me in like the top 10% at least of students.
DeletePeople who have 20k+ in debt obviously aren't going to be posting here, so there's confirmation bias too :P
If you have money saved up, why get OSAP? You only accumulate unnecessary interest when you pay it back.
ReplyDeleteIf you are able to pay off your OSAP within the first 6 months of graduating, or fit repayment relief status after that, OSAP ends up being a cheaper way to pay for school. You get bursaries, bringing the total cost of school down. So if you can beat the interest, it is a great way to do it.
DeleteWhen my SO had OSAP, we never paid any interest. He made just under the cut off (because I am listed as his dependent since I am in school), so the government paid his interest and he didn't have to make any principle payments. The money just sat there. We saved up, then made a lump sum and paid it off. We saved a few thousand.
21 with only about $2000 in my TFSA and $1000 in my regular bank account. I didn't start working regularly until I was 20 and it's only been part-time stuff. Plus, I love shopping dearly.
ReplyDeleteHopefully this makes some people feel better about what they've saved.
DeleteWhy is everyone at waterloo so loaded, besides co-op? Do most students' parents pay for tuition, rent, bills?
ReplyDeleteBecause people with money like to show it off, so they are more likely to post their finances here than the average poor student. I am sure students with debt outweigh the number of student in strong financial situations.
Delete21 years old, 7.3 million CAD worth in BTC
ReplyDeleteAlso about 2k cash in my top dresser drawer.
I still collect full amount of OSAP possible.
7.3m is too much to hold in one asset, I'd sell at least 1/2 if your BTC asap
DeleteObviously bs, there's no way he/she has over 13,000 bitcoins.
DeleteNot bs. I got in at around 50 cents/btc. I used all of my savings left over after 1st year. Now I just collect OSAP and live off that while paying for all extras in cash.
Delete28.a It's not just BTC. I also dabble quite heavily in altcoins. I'm just waiting for those to take off.
Sell those now - they are way too volatile to be a long term investment
Delete$2
ReplyDelete19
negative $30,000.... FML....
ReplyDelete2500 in TFSA
ReplyDelete1000 in Chequings
18, paying own rent and tuition...came into school first semester with 5000 but shit costs money yo
£999999999
ReplyDelete2 condoms and a bus token
ReplyDeleteu like golddiggers?
Delete