09/05/2025
6 years in, what have we learned?
When you first land here in Canada, banks can give you a credit card with maybe CAD 1K credit limit. Don't be swipe happy. You have to resist the urge because unlike in the Philippines, your credit history is very important here. I have written commissioned articles on the subject before coming to Canada so I knew that to increase your credit score, only use 20% of your limit, wait for purchases to post and then pay the balance off before your due date. That way, you also won't incur interest. Keep building and your bank will start noticing. You'll eventually get credit increases that you have the option to accept or not.
Having your own vehicle is important especially in small cities like Estevan. But that doesn't mean that you have to buy the latest models or that they have to be brand new. Our first car (not pictured) was an older vehicle that we paid off in instalments. It was a private sale. The second car (below) was purchased for $400, again through a private sale, and we spent around CAD$1,500 to get it working again. It served us for years.
Lastly, when you feel ready to buy a house, remember that it does not have to be the biggest nor the grandest. We bought our first house through a private sale in 2021. It was perhaps the ugliest in our block, which means that it needed a LOT of work both inside and out, although the foundation is good. We bought it for CAD$45,000 which brings our mortgage to about $200 a month. Yes, we did renovations over the years to increase its curb appeal and of course, value but we prepared ahead of time para dili sakit sa bulsa.
What we learned is that to live comfortably, you first need to work really hard. Plan your purchases so that even if you lose your job tomorrow, you can still pay your bills until you find another job. More importantly, build your credit score so that banks will loan to you in the event of an emergency.
We are now slowly getting returns on our investments. Our hard work is gradually paying off. But are we satisfied? Of course not. We will keep dreaming and we will continue to work to reach those dreams not only for us but for our children, too.
Wala pa gani na tinuod ang dream farm and family compound hehehe. Kayod pa more!