Padraigin McDonald

9 Flips | 1 Magazine | 1 Following | @PadraiginMc2r1h | Keep up with Padraigin McDonald on Flipboard, a place to see the stories, photos, and updates that matter to you. Flipboard creates a personalized magazine full of everything, from world news to life’s great moments. Download Flipboard for free and search for “Padraigin McDonald”

10 Things Millennials Won't Spend Money On

Kids these days don't spend money on the same things their parents did<p>Millennials are often maligned for their lack of financial literacy, but there …

Personal Finance

Nine ways to power-save your way to a down payment

Thinkstock<p>1. Move in with your parent or in-laws<p>Explain that you’re thinking strategically in moving back home. The quickest way to get into the housing market is to maximize savings, which is difficult to do when you're paying the cost of rent in a big city. You’ll pay your parents a token amount …

Highlights of Rob Carrick's Gen Y money chat: RRSPs, TFSAs and student debt

Rob Carrick took to Twitter on May 29 to answer reader questions about the financial health of Gen Y under the hashtag #genYmoney. Here are some of the highlights:

Six surprising charts that show Generation Y is not like your generation

Ages 25-29: Have you started a full-time job in your field?<p>Yikes, close to 75 per cent of 25 to 29 year olds have not yet started their careers.<p>Ages 25-33: Are you currently saving for a home?<p>Save, Gen Y, save. Baby boomers need you to buy their homes.<p>Ages 25-33: Are your parents helping you with a …

Canadiens sign centre Lars Eller to four-year deal

The Montreal Canadiens avoided arbitration with centre Lars Eller, agreeing to terms of a four-year contract with the 25-year-old Dane on Thursday.<p>Eller was scheduled to have an arbitration hearing on Friday. He reportedly asked for $3.1-million for next season while the team offered …

Gen Y: The 'Can I Afford to Move Out?' Calculator

The rent you'll pay<p><b>Per month.</b> Your rent should be less than 30 per cent of your income.<p>Debt repayment<p><b>Per month.</b> Consider student loans, credit cards and any other debt.<p>Savings<p><b>Per month.</b> It's recommended you save at least 10 per cent of your pay before taxes.

Try It Now

Young urban condo buyers: Why not rent instead?

Question for all the young adults buying condos these days: What are you thinking?<p>Rent that little box in the sky and save your money for a house later on. Don't buy something you're going to grow out of in a few years.<p>"When you run the numbers, renting is probably a bit cheaper," said David …

Federal parties struggle to stay on top of offensive Facebook comments

The recent terror attacks in Paris have unleashed a barrage of anti-Muslim and anti-immigrant comments on the Facebook pages of federal politicians and their parties in Canada — much of it plainly visible to the public.<p>Managing racist, sexist, homophobic and harassing material is just one of the …