June 8

You Life Budget

Image result for personal budgetToday 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.


Finding out what the actual net income you will get (we will just use the Ontario 2018 one)


Bus passes



total cost of owning a car  http://www.edmunds.com/tco.html

Finding an apartments

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://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


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)


Heating costs chart to look at


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



Posted June 8, 2021 by mrewert in category math

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