Grandparent scam: London, Ont., senior beats fraudsters not once, but twice
It was a typical Tuesday for Mabel Beharrell, 84, until she got the call that would turn her world upside down. Her teenaged grandson was in trouble and needed her help.
Getting your first job is an important life milestone for young people. And with the current red-hot labour market, one expert says new graduates entering the job market for the first time have a significant amount of bargaining power to get the best deal out of their first job.
Personal finance expert Robyn Thompson sat down with CTV's Your Morning on Friday to offer some tips for young people on how to approach their first job.
When it comes to negotiating pay, Thompson says there's more to it than just the base salary. Many jobs also come with bonuses and pension plans, and Thompson says new employees should get acquainted with how these programs work.
"You want to understand, is there going to be a bonus paid for this position? If so, how much? How often? And this is based on my performance or is it based on the company's performance overall?" she said.
On top of that, paid time off is another crucial part of the employment contract that Thompson says many employers are willing to negotiate, given the tight job market.
"We all work for the necessities. We all work to keep the lights on. But beyond that, we work for our life. We work for the things that we enjoy, whether that's travel, whether it's staying home, building a garden or becoming a barbecue master," said Thompson.
When the paycheques start coming in, it can be tempting to increase spending. But Thompson recommends dedicating 10 to 20 per cent of your pay to growing personal savings.
"If you get into a job and you start spending everything right away, then you're going to create a space where you have the instant gratification all the time and you're not delaying your purchases for the future," she said.
Setting up automated savings can be a good way for young earners to develop good saving habits and be set up for the future, Thompson says.
Your first job is most likely not going to be the only job you'll work for the rest of your life, so Thompson recommends making sure there's adequate room for career growth and development in the company.
"Make sure when you're going, negotiate – what is the training? What is the development? What can you take from this job and to jobs in the future?" she said.
"Make sure they have an allocation for you to be able to level up your skills so you can take that and move it forward into your future," Thompson added.
With the full interview with Robyn Thompson at the top of this article.
It was a typical Tuesday for Mabel Beharrell, 84, until she got the call that would turn her world upside down. Her teenaged grandson was in trouble and needed her help.
The deaths of four people on a farm near the Saskatchewan village of Neudorf have been confirmed a murder-suicide.
The Canada Revenue Agency announced Thursday it will not require 'bare trust' reporting from Canadians that it introduced for the 2024 tax season, just four days before the April 2 deadline.
The Parole Board of Canada has granted full parole to one of three men convicted in the brutal murders of three McDonald's restaurant workers in Cape Breton more than 30 years ago.
Nearly 20 hours after a man climbed and remained perched on top of the Reconciliation Bridge in downtown Calgary, the situation came to a peaceful resolution.
Ontario released its annual sunshine list Thursday afternoon, noting that the largest year-over-year increases were in hospitals, municipalities, and post-secondary sectors.
Genetic analysis has shed light on a long-standing mystery surrounding the fates of U.S. President George Washington's younger brother Samuel and his kin.
A spokesman for a regional Muslim advocacy group says Conservative Leader Pierre Poilievre's stance on the Israel-Hamas war could complicate his party's relationship with Muslim Canadians.
Former U.S. President Donald Trump is officially selling a copy of the Bible themed to Lee Greenwood’s famous song, 'God Bless the USA.' But the concept of a Bible covered in the American flag has raised concern among religious circles.
B.C. conservation officers recently seized a nine-foot-long Burmese python from a home in Chilliwack.
A New Brunswicker will go to bed Thursday night much richer than he was Wednesday after collecting on a winning lottery ticket he let sit on his bedroom dresser for nearly a year.
The Ontario government is introducing changes to auto-insurance, but some experts say the move is ill-advised.
A Toronto restaurant introduced a surprising new rule that reduced the cost of a meal and raised the salaries of staff.
Newfoundland’s unique version of the Pine Marten has grown out of its threatened designation.
A Toronto man is out $12,000 after falling victim to a deepfake cryptocurrency scam that appeared to involve Prime Minister Justin Trudeau.
It started small with a little pop tab collection to simply raise some money for charity and help someone — but it didn’t take long for word to get out that 10-year-old Jace Weber from Mildmay, Ont. was quickly building up a large supply of aluminum pop tabs.
There’s a group of people in Saskatoon that proudly call themselves dumpster divers, and they’re turning the city’s trash into treasure.
Ontario is facing a larger than anticipated deficit but the Doug Ford government still plans to balance its books before the next provincial election.