Advertisement
Life

“I want to buy a condo downtown and Airbnb it”: how an Etobicoke couple spend their money

"I want to buy a condo downtown and Airbnb it": how an Etobicoke couple spend their money
Photograph by Erin Leydon

Who: Jordan Stevens and Tricia Ward, both 28

What they do: He owns and operates a window washing company; she’s a plumbing apprentice

What they make: Jordan makes $97,000 a year; Tricia makes $65,000

Where they live: A two-bedroom bungalow in Etobicoke

Regular expenses: Rent: $1,530 a month. Savings: $1,500 a month. “I want to buy a condo downtown and Airbnb it for supplementary income,” Jordan says. Cellphone: $260 a month, for a plan with 40 gigs of data, which Jordan uses for work. Groceries: $350 a month. Dining out: $625 a month, for dinners at Joey, Copacabana and the Mandarin. Credit card payments: $120 a month, on $5,000 in debt that Tricia racked up before taking up plumbing. Dental care: $244 a month, for Tricia’s braces. “I’ve wanted to fix my teeth since I was a little girl,” she says. Car insurance: $285 a month, for a 2014 Ram 1500 and a 2015 Nissan Sentra. Business insurance: $540 a year. Books: $100 a month. “The last book I bought was called The Millionaire Real Estate Investor, by Gary Keller,” Jordan says.

Recent splurges: Bitcoin and Ethereum: $500. “One Bitcoin was worth $3,473 when I bought it,” says Jordan. “So $500 got me 14 per cent of a Bitcoin and one and a half Ethereum coins.” Makeup: $90, for Tricia’s Make Up For Ever foundation and MAC liquid concealers. Vacation: $3,300, for a trip to Cuba, where they stayed at the Iberostar Playa Pilar. “We swam with dolphins and sailed on a catamaran,” says Tricia. Bachelor party: $2,900, for Jordan’s best friend in Las Vegas. “I wanted to shoot guns and visit the Grand Canyon,” he says. “But the guys just wanted to go clubbing.”

Want to tell us about your Cost of Living? Email us at costofliving@torontolife.com.

NEVER MISS A TORONTO LIFE STORY

Sign up for This City, our free newsletter about everything that matters right now in Toronto politics, sports, business, culture, society and more.

By signing up, you agree to our terms of use and privacy policy.
You may unsubscribe at any time.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Advertisement
Advertisement

You might also like…

Editor’s Letter: My salary? None of your business
City

Editor’s Letter: My salary? None of your business