Diligent Ottawa millennials have $17,000 saved in accounts and envelopes – including a 'Ferrari fund'
The Globe and Mail Anna Sharratt Published April 7, 2021 Story continues below advertisement Where they live: Ottawa Top financial concern: “We just doubled our mortgage payments .... We are aiming to be debt-free.” “There’s an old story about a guy taking a smoke break with his non-smoking friend,” says Will, an Ottawa-based military officer. “He tells the guy that if he didn’t smoke, he could invest that money and have a Ferrari when he retires.” Though neither is a smoker, it’s a story Will and his wife Jenn have taken to heart. “We put $144 aside a month – the equ...