Although students are spending – and often borrowing – big bucks to attend college or university, they are under-educated when it comes to personal finance. Below is a compilation of Globe and Mail stories to help Canadian students learn how to successfully manage their money, including tips on student loans, investing, career building, housing and debt repayment.
Investing for Gen Y
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Gen Y: Learn to live with stock market riskIn the University of Western Ontario employee pension plan, the youngest members are among the most safety-conscious as investors
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Rob Carrick's ultimate investing guide for Gen Y
The Globe and Mail Gen Y Investing Guide will help you dodge fees and commissions
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How does Gen Y save for retirement? Here are three financial planning profiles
Experts weigh in on the different ways young adults can build wealth for retirement, depending on their particular situations
Tools for Gen Y
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Gen Y: Can I afford to move out calculatorSlightly more than 42 per cent of Canadians between the ages of 20 to 29 lived at home with their parents. Can these members of Generation Y afford to strike out on their own?
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Where in Canada can you afford to rent?
Do you make up to $50,000 a year? Find out what your ideal affordable Canadian city is with this handy tool
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The Gen Y down payment tool: Find out when you will be able to afford a home
How long will it take you to break into the housing market? Find out with our new interactive tool.
Student loans and debt
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Six tips that can help you minimize your student debtAdvice for students who want to borrow prudently for an education
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One way to cut student debt: Choose a college closer to home
Whatever great life experience a young adult gains while away at school will be crushed by the drudgery of what could be a decade or more of post-graduation debt repayment
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When student loans make sense ... and when they don't
A prudent student will cap the amount she borrows to pay for postsecondary education at a level that is related to the income she expects to earn later
Gen Y and housing
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‘Renting is a beautiful thing’: The case against home ownershipHome ownership is traditionally viewed as the only sensible choice – but that may not be true in today’s housing market
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Millennials, here’s how to keep the home ownership dream alive
Price gains are steep, but not permanent, and nothing that can’t be addressed by an aggressive savings regime
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The 10/10 rule: How to protect yourself from a decline in house values
Urging first-time buyers to regard a 10-per-cent down payment as the minimum and ensuring they plan to stay put for 10 years would help Canada’s real estate market cool off
GenYmoney blogger on debt and careers
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Gen Y money: Job hunting is that much harder when you’re brokeJob hunting isn’t free, as our Gen Y blogger quickly found out after graduation
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Trying to save on an entry-level salary? Good luck
I had some high expectations regarding the relationship status my bank account and I would have on the one-year anniversary of my graduation, our blogger writes
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Gen Y money: The danger of job-hunting desperation
With student debt barelling behind her, our blogger decided that she needed to get a job - fast
Debt repayment success stories
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He’s 26 with $32,000 in savings. Here’s how he did itRob Nettleton’s strategies include eating in, paying monthly bills gradually rather than all at once, and automating his monthly investing deposits
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‘We are boring people’: Gen Y couple shed $73,000 in student debt
Guelph duo stuck to their frugal ways after graduation to pay down loans faster
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Recent grad, 24, balances student debt repayment with TFSA investing
Justin McGee Odger had a number of different part-time and summer jobs throughout high school and university, including working at various restaurants, a crane company warehouse and driving an ice-company delivery truck
Launching your career
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Gen Y career advice: Don’t follow your passion. Do this instead.Don't expect to immediately walk into an exciting and fulfilling job. Entry-level work is often tedious and tough
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How can recent grads with little work experience stand out when job hunting?
When you look on paper like all the other new graduates, here are four tips for catching an employer's attention
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Want equal pay? Many women still not speaking up when it comes to salary
Young women should be better trained in salary negotiation and income expectations if pay equity is to be achieved