Top priorities for young Canadians
Posted Apr 23, 2012 7:41 am.
This article is more than 5 years old.
RBC has some advice for young Canadians following a poll showing what people between the ages 18 and 34 are most concerned about financially.
Owning a home, paying down debt, and growing a rainy-day fund are the top priorities.
An RBC spokesperson offers some tips; he says live below your means by saving up to 10 per cent of your income, use emergency funds strictly for emergency situations, put together a debt-repayment strategy and ensure you never miss a payment.
Also, rethink spending by looking at where money can be saved. For instance, take a lunch to work instead of spending $10 a day.
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