You Life Budget
Today you will start to plan an actual life budget. The year is 2025, you are an entry level employee in a store. You make minimum wage and you need to make ends meet. How will you do it?
Use these links below to help you.
Links to help you find your expenses
How to figure out what you will actually make annually on a minimum wage job.
Finding out what the actual net income you will get (we will just use the Ontario 2018 one)
- Car expenses – http://caa.ca/car_costs/ (tells you the estimated gas)
total cost of owning a car http://www.edmunds.com/tco.html
Finding an apartments
Finding Cell Phone Prices
-Bell mobility cell plans
http://shop.shaw.ca/bestwifi/get-wifi-451K-137V6.html?#Plans ( this is shaw plans)
https://www.mts.ca/mts/personal/internet (MTS internet)
How much will my pet cost?
This website shares annual costs of owning a dog https://www.petfinder.com/pet-adoption/dog-adoption/annual-dog-care-costs/
the cost of owning a cat for a year
mortgage estimation (how much you will need to pay per month to buy a house
use this calculator to help you https://www.cibc.com/ca/mortgages/calculator/mortgage-payment.html?WT.mc_id=ExtPAID*Google*CIBC-Mortgages*G-E-Mortgage+Calculator+Exact*Mortgage+Rate+Calculator-Exact*mortgage+calculator
Heating and water for a house (finding average costs based on square footage of the house you’re buying.
Check out this chart for average cost s of heating your place http://www.nrcan.gc.ca/energy/publications/efficiency/heating-heat-pump/6835#table2
Hydro-electricity bill estimate for apartment (per person)
vacation savings (find a vacation and divide by 12 for a monthly saving estimate)
how much the average Manitoban household spends
the average number of persons per household in Manitoba
Clothing and other various costs
What the average household (remember the ave. household has 2.5 people) spends on various costs
This guy did a budget much like ours. Check out his numbers
For general inquiries about what the average Canadian spends on various things go to this website (IT IS SUPER HELPFUL)