You Life Budget
Today you will start to plan an actual life budget. The year is 2027, 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.
http://www.calculconversion.com/minimum-wage-manitoba-calculator.html
Finding out what the actual net income you will get (we will just use the Ontario 2018 one)
http://www.calculconversion.com/income-tax-calculator-ontario.html
Bus passes
http://winnipegtransit.com/en/fares/transit-fares
Car
- Car expenses – https://www.finder.com/ca/cost-of-car-ownership
- estimate your insurance https://apps.mpi.mb.ca/Irc/intro_2.asp?lang=0
total cost of owning a car http://www.edmunds.com/tco.html
Finding an apartments
- http://www.kijiji.ca/b-apartments-condos/winnipeg/c37l1700192
- http://www.rentboard.ca/rentals/index.aspx?locid=1523
- http://www.rentcanada.com/winnipeg/
Finding Cell Phone Prices
-Rogers cell phone plan http://www.rogers.com/consumer/wireless?ecid=ps|aorcwrlsaq|omdrg0101163&gclid=Cj0KEQiAq920BRC8-efn57XrotYBEiQAlVlMQ9D4zdq_SdGbNBA6Bf1OY44l3XcV5HlDzIF8IPePEu8aArki8P8HAQ
-Bell mobility cell plans
http://www.bell.ca/Mobility/Cell_phone_plans
Internet
http://shop.shaw.ca/bestwifi/get-wifi-451K-137V6.html?#Plans ( this is shaw plans)
https://www.mts.ca/mts/personal/internet (MTS internet)
http://www.rogers.com/consumer/internet (rogers)
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
http://www.peteducation.com/article.cfm?c=1+2137&aid=1542
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)
https://www.hydro.mb.ca/accounts_and_services/rates/electricity-bill-comparisons.shtml
Heating costs chart to look at
https://www.hydro.mb.ca/your_home/heating_and_cooling/space_heating_costs.pdf
vacation savings (find a vacation and divide by 12 for a monthly saving estimate)
FOOD
how much the average Manitoban household spends
http://www.statcan.gc.ca/tables-tableaux/sum-som/l01/cst01/famil132h-eng.htm
the average number of persons per household in Manitoba
http://www.statcan.gc.ca/tables-tableaux/sum-som/l01/cst01/famil53a-eng.htm
Clothing and other various costs
What the average household (remember the ave. household has 2.5 people) spends on various costs
http://www.statcan.gc.ca/tables-tableaux/sum-som/l01/cst01/famil130a-eng.htm
This guy did a budget much like ours. Check out his numbers
http://www.discoveryfinance.com/average-monthly-household-grocery-bill-canada.html