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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
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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 equivalent of 14 packs of cigarettes,” he says, in a “Ferrari” fund. “When we retire we will have enough money for a Ferrari.” ....

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Baisas brothers bring Filipino flair to winter festival

Ross and Antonio Baisas are two of the best ice carvers in the world, but the 15-year veterans are still new and settling into the cold of Fort St. John and the High On Ice Festival. The Filipino. . . ....

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