Issue: 10 k private loan fixed 6% from a private dental clinic and a mortgage of 1387$ monthly.
Income:
1st Job: take home 4000$ monthly in the private sector. I just started.
2nd job: uninized health care job, usually 800$ monthly can pick up more if available. Recently received a lay off notice because my job has being cut, then they assigned me an other job but hours interference with my main job. I want to resign but this job helped me survive shit time when I lost my main income two times in a row in the last 5 years. They offered to give me casual hours if I do a psw diploma.
Statut: single
Cost of living:
1- housing: mortgage 1387$, condo fees 310$, insurance 40$, taxes 300$, internet 70$, hydro 100$. Total: 2,207$
2- car: 40$ insurance, 200$ gas. Total: 240$ starting to make noises
3- food: 600$ between groceries and delivery
4- personal: 40$ phone, 60$ personal care. Total 100$
5- debt payment: 487$ monthly
Cost: 3634$
Left over: 400$
Emergency fund: 8000$
Questions:
The best move for me now is to let go of income 2 to not lose income 1. If I do psw course. Is it worth it in the long term? The dolpma is 8000$ because I don't qualify for free training. My main job is already physically demanding long hours during the summer. Frequent travel.
I am applying everywhere for a weekend job. What jobs would be actually worth it?
Is it worth it to use some of my emergency fund to pay off the debt?. It is not on my credit report and the interest is fixed 600$ for total of two years.
Would one income be sufficient if am smarter with my spending choices? About the spending choices where I can save?
Thank you