London is calling this millennial, but first she needs a plan to tackle her student debt

This millennial finance worker should spend more on herself, even though she just bought her first home

What her plan doesn’t account for is the capital needed to both pay off her debt and fund the move. She’s never been much of a saver and that’s probably obvious when you look at the combined $1,394 split between her chequing and savings accounts. The reason is because she’s always had what she describes as a “need” to spend it all on clothes, home decor and food.

Working at a mall comes hand-in-hand with temptations, which are often too appealing for Melanie to ignore.Melanie has some bad habits that she’ll have to eliminate if she wants to afford a move to London, BMO Private Wealth portfolio manager James McCreath told me. While earning $40,000, she’d likely make around $2,500 after tax per month, McCreath said. To get to $50,000, she’ll have to save $833 per month. She can’t boost her spending too far beyond where it currently sits. Her parents still pay for her cell phone and her transit pass . Adding those expenses would bring her monthly total to over $1,200.

“People you talk to that live there almost entirely concur the sticker shock for anything from a sandwich to an apartment is substantial,” McCreath said.

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As COVID-19 cases climb to 28 students, Western University halts most non-academic activitiesWestern University in London, Ont. is halting many non-academic activities on campus after 28 students have now been confirmed to have COVID-19. “Up to 90% of people testing COVID-19 positive carried barely any virus” b/c PCR tests too sensitive & “detect.. genetic fragments—leftovers from infection that pose no particular risk” And there is a 99.9% chance they will all recover Update us in 2 weeks on whether or not they ended up in hospital or ICU. Statistically they will recovery at home from flu like symptoms. Positive cases mean nothing.
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