I feel as if I already know the answer to this question, but I figured I would get some other opinions on the situation from people who are experienced (aka wealthier and smarter) than myself.
I was a bit young and dumb and created a debt issue for myself with credit cards as I got one when I was 18 and relied on it through school etc. fast forward a few years down the road and I (somewhat foolishly) just opted for a consumer proposal.
I am currently paying double the required amount in order to pay it down faster.
I have no debt currently and my vehicle is owned, I also have an emergency savings and have been using a new "guaranteed" credit card for small bills (phone/hydro) to slowly increase some credit points during the repayment.
Like I said, I feel as if I already know the answer to this, but my question is whether I could start creating a small savings to prep for investing. My budget is 50-60 a week (I used to spend this on alcohol but am now sober).
I know throwing any money at the proposal is likely the best idea always, especially because it will not leave the credit report for 3 years after repayment minimum and will impede on buying a home or property investing, but I was only considering this in order to have some positive motivation and planning/prepping/practicing to invest in TFSA ETFs once the savings grow to around 1000-1500.
Hit me with opinions! Like I said, I know Its likely best to just work towards finishing the proposal.