The pandemic slowed the renovations she had planned for the condo, and it has already delayed her move-in date. She’d rather stay with her parents until it blows over.Article content continued
That figure was a bit hard to believe, frankly, but it was even lower in February: a grand total of 16 expenses. She’s just a simple person, she said, without any obvious guilty pleasures or hobbies to take away from her income. She wasn’t making a conscious effort to save 75 per cent of every paycheque; she was doing it naturally.
Spelling out the details of her budget should be Amy’s first step, Cork said. Her mortgage payments will be $1,700 a month. It’s on a 2.29 per cent closed five-year rate. Maintenance fees will cost an additional $420 per month. The $300 is on top of what’s already removed from Amy’s gross pay for an employee share purchase plan, which means she would be saving close to 15 per cent of her income on a monthly basis, Cork said.
“If you end up eating Cheerios for the last three days until the next paycheque comes in, you have the other stuff taken care of,” he said.
$420 in condo fees. Ouch. And that's before they are jacked up due to the disease.
Wouldn't it be nice if we could all live at home till we're 30, have our school paid for us, and bills paid for us. It would be like a dream world for most of the population.