So according to an article by Maryan Sham, Global News, July 18, 2019. You need to make approx $22 an hour to pay rent for a two bedroom apartment in major cities across Canada. How do you survive if u are only making minimum wage?
“If you earn minimum wage and live in Vancouver, you would need to work 112 hours a week to afford a decent two-bedroom apartment, a new study says.
“According to a new Canadian Centre for Policy Alternatives report, minimum wage earners in most major cities would need to work much longer hours in order to rent an average two-bedroom unit.”
““The rental wage across the country is $22 an hour for a two-bedroom or $20 an hour for a one-bedroom,” report author and economist David Macdonald said Wednesday.”
“But it’s much more in big cities like Vancouver and Toronto.”
“The report calculates rental wages by breaking down the hourly wage that full-time minimum wage workers would need to earn in order to afford rent for an average one- or two-bedroom apartment.”
Below is link to article, by Maryan Sham, Global News, July 18, 2019 to read full story
This is scary. For those starting out and wanting a family, where do you start? You probably want to save for a house, have a family, vehicles, even time off work costs money, a weekend away, never mind a weeks holidays. So, how do you ever save for these things, if your income is all going to rental? Never mind, if you get sick or something unforeseen happens. How many individuals’ out there even start their careers at $22/hour. You still need to live life. We are here only for a short time, do we really want to spend all our live working so we can put a roof over our head. That wasn’t my intention. But that is what has happened. Life can throw you curve balls and we need to plan ahead and take a path that we can manage and lead us to a better life and lifestyle.
As for myself, a little history. I was married at 23 and we managed at that time to save for a down payment on our first home. We were not even in that home a year, and my husband passed away at the age of 25. I sure wasn’t making much money and I had quit my job to be with him (he had cancer). I was able to keep the house, I worked with the bank and they worked with me. But I am not going to say it was easy. Moving forward, I remarried had 3 beautiful children and after 10 years we separated. Anyone who has gone thru a separation knows the financial strain this has on individuals’. I was starting over, this time with three children and I was primarily a stay at home mom. So start all over in the job market. How are I ever going to be able to retire, never mind provide for your children and be home for them. It was a struggle.
Today my kids are on their own, 2 still in university at time of this post, so I am still trying my best to help out, but I want to get off this merry-go-round. I work full-time, contemplate daily of getting a second job so I can pay down debt and one day retire. Retirement looks like a dream.
This is not the life I had envisioned for myself. Is it for you? Where are you in your life? Starting out? Putting children thru post-secondary education, nearing that retirement age, but unsure if you can afford to retire. It doesn’t matter, we are dictated by our income and our goals.
It doesn’t matter what stage of your life you are in, a lot of us want more. Have a debt free life, travel more, support our children more, just live life according to your ideas, not dictated by our employer. I have found an alternative, I am not talking a get rich scheme. I am talking about a get your hands dirty and work hard and set goals and achieve these goals through support and training. Sound too good to be true. I thought so too!
Earn Money From Home Business
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If u can handle doing some work, some training, some research you can do this. There is more training than you could ever hope to have. What company out there just wants you to succeed? Well we do!! You can go at your own pace, it’s not for everyone. Some people seem to want to just get by. Not me. I want to live my life by my rules not by the rules of my employer or the government.
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