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RSS FeedsThis 27-year-old property administrator pays no rent and makes $38,000. Can she pay off her credit card debt and pursue her dream of becoming an actor?
(The Star Theatre)

 
 

2 december 2019 19:12:51

 
This 27-year-old property administrator pays no rent and makes $38,000. Can she pay off her credit card debt and pursue her dream of becoming an actor?
(The Star Theatre)
 


In our new Smart Money series, #MilliennialMoney, we ask people living in the Greater Toronto Area to record every penny they spend in a typical week. Then, using tips from a financial adviser, we challenge them to cut their spending the following week so they can save more. Will they fail or succeed?As a property administrator making $38,000 a year, 27-year-old Annie believes that her regular lifestyle purchases — TTC fares to get to work, the occasional coffee — are things she can afford. It helps that she’s living with her parents in North York, which cuts her rental costs (to zero), and yes, her mom looks after the groceries.“On a regular basis, after transportation, coffee, my next most frequent purchases would probably be alcohol or skin care and also marijuana,” she says. “But like that’s not a lot. That’s probably 60 bucks a month.”Usually, Annie says she’s pretty good at packing lunches but during slow times, she might dive into a “second lunch” which means a walk over to Subway for a sandwich. Annie’s biggest problem is dealing with debt. She owes a couple of thousand dollars on credit cards. The debt piles up as Annie pursues her dreams of becoming an actor. She takes at least two improv or acting classes a month. Classes start around $300.“This is the only reason why I’m working,” she says, adding that the property administrator job is just a day-to-day grind to fund that passion.Annie says she is open to a new job that would make it easier to fund her acting dream. But balancing her current role with acting classes doesn’t give her much time to fully engage in the search process — and that drives her away from it. “I have made attempts sparsely to apply for jobs, but nothing has come back.” She’s also actively trying to push for better pay at her job without much success.“Beyond the 40-plus hour work week, if I job-sear ...


 
20 viewsCategory: Culture > Theatre
 
Premiers gathering in the GTA to discuss `shared priorities
(The Star Theatre)
Travelling to the U.S.? Watch out: Ontario is about to scrap out-of-country emergency health care coverage. Heres what you need to know.
(The Star Theatre)
 
 
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