Sophie, 39, makes $78,000 working multiple jobs, which means 12 hours a day with a 2.5 hour commute time. She's spent her entire working life paying off her mom's debts. It’s almost done. How can she focus on her own savings now? #MillennialMoney thestar.com/business/perso…
Here are Sophie's monthly expenses. She shares a mortgage with her mother that's almost paid off. She's thinking of moving closer to work to cut the 2.5 hour commute time, or moving farther and buying a place. thestar.com/business/perso…
For #MillennialMoney, we ask participants to share a week of expenses to get an idea of what they spend their money on.

Here's week one:
thestar.com/business/perso…
Then, our #MillennialMoney coach @JasonHeathCFP gives advice. Turns out that Sophie may be ready to invest in herself for once, but will have to juggle a couple decisions.
thestar.com/business/perso…
Sophie, 39, makes $78,000, and has spent her working life paying off her mom’s debts. It’s almost done. What should her goals be now?

Want to try #MillennialMoney? Read more to see how you can take part.
thestar.com/business/perso…

• • •

Missing some Tweet in this thread? You can try to force a refresh
 

Keep Current with Toronto Star

Toronto Star Profile picture

Stay in touch and get notified when new unrolls are available from this author!

Read all threads

This Thread may be Removed Anytime!

PDF

Twitter may remove this content at anytime! Save it as PDF for later use!

Try unrolling a thread yourself!

how to unroll video
  1. Follow @ThreadReaderApp to mention us!

  2. From a Twitter thread mention us with a keyword "unroll"
@threadreaderapp unroll

Practice here first or read more on our help page!

More from @TorontoStar

26 Jan
Ontario is sitting on $6.4 billion in unspent emergency COVID-19 funding as the pandemic rages, according to a new economic analysis, which shows that Ottawa is paying for the bulk of the relief effort. Why aren't provinces using this money? torstar.co/Yg7250Diu4S
Ontario is one of six provinces that have left billions on the table, moneys earmarked and urgently needed for health care, long-term care, housing and essential workers, states the study, released Tuesday by the Canadian Centre for Policy Alternatives.

torstar.co/Yg7250Diu4S
The equivalent of approximately $9,800 a person is being spent in Ontario on COVID-19 measures, the study states. Of those dollars, 94 per cent comes from Ottawa and six per cent from the provincial government.

torstar.co/Yg7250Diu4S
Read 5 tweets
26 Jan
For Thanksgiving, Trudeau asked Canadians to support their local food bank. Back in Toronto, expert Valerie Tarasuk was outraged. 30 years of her research showed that giving money to food banks didn't get rid of food insecurity.

The real issue? Poverty. torstar.co/N4gu50Dit5U
“It’s craziness,” she said. “People like me spend all this time figuring this stuff out and then you watch these policy decisions and you think, ‘Why are we wasting our time doing this research?’ Nobody’s using it.”
torstar.co/N4gu50Dit5U
Trudeau's ask, a photo-op at an Ottawa Metro, was part of the Liberal government’s pledge of another $100 million in funding to food banks and food charities — on top of the $100 million it gave in the spring. But the research says this doesn't work.

torstar.co/N4gu50Dit5U
Read 5 tweets
26 Jan
More than 3,000 LTC residents have died from COVID-19 in Ontario. It doesn't include those lost due to a pandemic-induced neglect or a lack of care. Of the 630 care homes in Ontario, 57 per cent are for-profit.

@richardwarnica takes a deeper look:
thestar.com/business/2021/…
The argument against the for-profit homes is simple, critics say: they get the same money as the non-profit and municipal homes, but they don’t provide the same quality of care.

A look at how Ontario's for-profit homes work:
thestar.com/business/2021/… Image
In the pandemic, studies have consistently shown higher death rates in for-profit compared to non-profit and municipal homes. One recent U.S. study found that private equity ownership increased short-term mortality in nursing homes by 10 per cent.

thestar.com/business/2021/… Image
Read 6 tweets
25 Jan
Toronto Raptors guard Fred VanVleet will be named to the 60-player pool from which the United States team for this summer’s Tokyo Olympics will be chosen. @SmithRaps has the #StarExclusive
thestar.com/sports/raptors…
It will be the first time the 26-year-old VanVleet has been included in a USA senior team player pool, and he will join Raptors teammate Kyle Lowry among the candidates. thestar.com/sports/raptors…
This past fall, VanVleet earned himself a four-year, $85-million (U.S.) contract from the Raptors. He's averaging 19.1 points, 6.4 assists and 4.5 rebounds in 16 games so far this season. thestar.com/sports/raptors…
Read 4 tweets
25 Jan
My mom says she’ll refuse the COVID-19 vaccine. Why? She’s was once neglected by Canada’s health system when she almost lost her life. How can she trust them now?

#InTheirOwnVoices from @NoelRansome
thestar.com/opinion/contri…
"Two years ago, while on a hospital gurney, my mother told me that she had to be cynical to be Black and survive in this country. She had experienced a hypertensive crisis; one that could have been fatal. Before getting care, she was neglected." thestar.com/opinion/contri…
"Despite complaining of chest pains and severe headaches, my mom was unattended until she vomited on a receptionist’s desk and was rushed to an emergency room," @NoelRansome writes. It's instances like these that make her weary of the vaccine, he adds.
thestar.com/opinion/contri…
Read 6 tweets
25 Jan
Nearly five years ago, Yassin Dabeh’s family fled war-torn Syria for a better life in Canada.

Now the family has been confronted with the unspeakable horror of watching Dabeh become on of the youngest in Canada to die after being diagnosed with COVID-19.
thestar.com/news/gta/2021/…
Dabeh, 19, worked as a contract cleaner at the Middlesex Terrace Long Term Care home in Delaware, Ont., and died after contracting the virus, said @mohamadfakih8, a businessman and philanthropist, who spoke with the young man’s father.
thestar.com/news/gta/2021/…
Fakih said the teenager, who had three brothers and one sister, died on Thursday and was buried on Friday.

thestar.com/news/gta/2021/…
Read 5 tweets

Did Thread Reader help you today?

Support us! We are indie developers!


This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3/month or $30/year) and get exclusive features!

Become Premium

Too expensive? Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal Become our Patreon

Thank you for your support!

Follow Us on Twitter!