"Millennials get a lot of criticism for their avocado toast and mochaccinos. But splurging a bit doesn't make you irresponsible."
In this special edition of #MillennialMoney, @JasonHeathCFP has tips for millennials and those still on CERB. thestar.com/business/perso…
Youth unemployment rose to nearly 30 per cent over the past few months and has only just started to recover, he writes. But for younger people who are still on CERB, it's important to prepare.
A list of tips to consider before the benefit ends. thestar.com/business/perso…
Tip 1: There is a new Canada Recovery Benefit that will also be available as of September 27 for those who are not eligible for EI — mainly those who are self-employed or work in the gig economy. thestar.com/business/perso…
Tip 2: Income support will be available by way of the Employment Insurance program for those who were receiving the CERB, including temporary measures to help more people qualify. But not everyone will be able to get this. thestar.com/business/perso…
Tip 3: If you need to carry a credit-card balance, consider the alternative of a line of credit. Line-of-credit interest rates are often lower than credit cards. Just be careful about spending or increasing credit limits. thestar.com/business/perso…
For the full list of tips, read the story by @JasonHeathCFP here in our special edition of #MillennialMoney. thestar.com/business/perso…
.@JasonHeathCFP is the resident #MillennialMoney financial coach. He's advised millennials who want to buy a home to those stuck tens of thousands in debt.
Need help? Email ekwong[@]thestar[.]ca
Read the full series here: thestar.com/business/mille…
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