Survival Project

Budgeting
your life
project
DHRUV DHALIWAL
1. Monthly income
 $25 an hour
 Working 40 hours a week
 $4000.00 x 0.75%
 $3000.00 a Month
Housing
1. City - Abbotsford
 Location - 80 32777 CHILCOTIN DRIVE Abbotsford, British Columbia V2T5W4
 After putting forward the $100,000 inheritance money toward property
 Cost of Mortgage Monthly - $2,831.77
 Interest paid - $132,091.40
 Principal paid - $37,814.80
 Has a basement suite- Rents for 2.5k a month
 TOTAL: $331/ Month

Utilities/ Internet/ Cellular
 Phone: Service Provider- Telus

Plan: 40 GB High-Speed Data and Unlimited Canada Wide Calling
Cost: $45.00
 Internet: Service provider- Telus
Plan: PureFibre Internet 300 __________________________
Cost: $69.82
 Television: Netflix
Plan: Standard
Cost: $16.49
 BC Hydro (Electricity) - $250 monthly flat fee
 Fortis BC (Natural Gas) - $50 monthly fee
 Total Cost: $431.31

Celebrations/ Gifts
 Birthdays
5 people in my family $30 each
9 friend birthdays $20 each
 Holiday Celebrations
Year long cost $450
Total Cost per year : $780

Total Cost per month: $65
Furniture and Decor
Total $245.49/ Month
 BED FRAME: AMAZON- Molblly Queen Size Upholstered
Platform Bed Frame, No Box Spring Needed &Easy Assembly,
with Headboard and Strong Wooden Slats Queen Bed Frame
Gray $259.99 % 12= ($21.66 per month)
 MATTRESS: SLEEP COUNTRY Distinction Series Dani
Mattress $439.00 ($36.60 per month)
 COUCH- IKEA FRIHETEN Corner sofa-bed with storage,
Hyllie dark ($1,299.00) ($108.25 per month)
 COFFEE TABLE: Ikea- Lack Coffee Table Black/ Brown
($89.99) ($7.50 per month)
 DINING TABLE: AMAZON- SogesPower 3 Piece Dining
Table Set Kitchen Dining Table with 2 Benches Breakfast
Table, Coffee Table Set, Home Office Table Set, Computer
Table for 2, Nesting Table Set, SP-CZJYB-yzld01-CA
($179.99) ($14.99 per month)
 TV: COSTCO- LG 55" Class - NANO75 Series - 4K UHD
LED LCD TV($597.99) ($49.83 per month)
 MIRROR: AMAZON-Navaris Frameless Wall Mirror -
Irregular Shape Hanging Wall Mounted Mirror - Funky
Squiggle Modern Design for Bathroom Hall Living Room
Bedroom - 75 x 55 cm ($79.99) ($6.66 per month)
Grocery
Celery Russet Strawb Onions Garlic Sugar- Flour-

- $2.99 potato erries- -$2.99 Bulbs - $9.99 $18.99
es- $6,99 $4.48
$5.44
Butter- Olive Eggs- Milk- Alfred Chees Penne
$5.48 Oil- $3.89 $4.69 o e- pasta-
33.99 Sauce $8.96 $12.99
mix-
$19.99
Bonele Jasmin Butter Black Salt- Spices
ss e Rice- Chick Peppe $5.99 -
thighs- $15.99 en r- $25.99
$15.00 Sauce $14.99
-$
19.99
Total Grocery Monthly- $124.20

Some groceries aren’t bought monthly instead
bought once every couple of months.
Retailer: Walmart
Toiletries/ Household items
Vitamin C-$
25.99
Toothpaste-
$19.99
Deodorant-
$16.99
Body Wash-
$16.99
- Retailer: Walmart
Toothbrushes Shampoo- Conditioner- Toilet Paper-
- Most of these items are bulk items so are only purchased once
-$21.99 $8.49 $8.49 $25.99 or twice a year
Total:$25.50 per month
___________________________________________
Household Items
- Retailer: Walmart
- Purchased: plates, kitchen towels, bath towels, sponge, dustpan,
broom, dish soap, Tide laundry, Lysol all-purpose cleaner, drinking
glasses
- Cost: $102.48
Most of these are one-time purchases. A few things will need to
be bought monthly. Estimate $30/month
Total: $55.50 a month
Transportation
 $160/month
 Monthly transit pass
 Includes unlimited Skytrain and bus passes
Clothing
 Retailer: Socks-$9.99 T-Shirt-$7.99
Sweatpants-$9.99 Boxers-$11.99
Total: $39.96
Entertainment/ Health and Fitness
 Movies:
Ticket: $15
Popcorn: $8
Candy: $5
Go to the movies monthly
Total $28/month
Gym Membership
Club 16 - $16 bi weekly
Total $32/month
 Grand Total of $60.00 a month
Investing/ Savings
 $3000%10= $300
 Self directed Tax-Free Savings Account. You will
specify your holdings (Specific Stocks or ETF’s)
purchased within this account on a monthly basis.
Options have been discussed in class to generate a
10-14% average return annually.
 I will invest in the Bank of Nova Scotia and put
$300 worth of stocks in that company monthly
Life Insurance/ Estate Planning
 $150 monthly premium fee (20 Year Pay Full Life Policy - $250,000 Value)
Item Cost Remaining $ per month
Income:
Job Income Monthly +$3000 $3000
Monthly Costs:
Housing $331 $2,669
Utilities/Internet/Cellular $431.31 $2,237.69
Celebrations/Gifts $65 $2,172.69
Furnishing & Décor $245.49 $1,927.20
Grocery/Restaurants $124.20 $1,803
Toiletries and Household Items $55.50 $1,747.50
Transportation $160 $1,587.50
Clothing $39.96 $1,547.54
Entertainment and Health & Fitness $60 $1,487.54
Investing/Savings $300 $1,187.54
Life Insurance/Estate Planning $150 $1,037.54
Total $1,037.54

Survival Project

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Budgeting

 TOTAL: $331/ Month

 Phone: Service Provider- Telus

 Total Cost: $431.31

Total Cost per year : $780

Celery Russet Strawb Onions Garlic Sugar- Flour-

Total Grocery Monthly- $124.20

 Retailer: Socks-$9.99 T-Shirt-$7.99

Go to the movies monthly

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