For the dining out problem. What if you try meal prepping? For example I always cook for 2-3 days, so it doesn't have to go in the freezer and you don't need to eat the same thing for a week :) but it's still fresh and less stressful to cook around 3 times per week than cooking everyday.
I live in Vancouver and it's expensive. She's lucky she has a partner, but living on your own is a skill set on your own. She failed to mention that the minimum wage in BC is $17.40 Sounds high but if you're making minimum wage or even a but more, you can't afford to live in the city by yourself. Alsi the homeless situation in Vancouver is out of control. Don't let that scare you, there's tons of mega rich people too, and it's a very beautiful city.
Just curious why do you have to pay monthly fee for an account with TD ?? I have a checking account with RBC and I don’t pay any monthly fees to them at all.
This is definitely not even close to being a typical budget for life in BC . I realise this poster is just using herself as an example, but there is definitely a LOT of "fluff" in this budget. A lot. I live in Victoria (also insanely expensive) and make 6 figures - and my spending is nowhere near this high. I am lucky that I have a very reasonable rent (family price) but then again, this person also has a lower rent payment due to having a partner.
Please what is the average cost of a 2bedroom in Victoria, how is moving around without a car ( transportation)? How easy is it to access Vancouver from Victoria? Appreciate any thoughts..thinking of moving to Victoria - family of 4 (2kids).
I think she splits it with her partner, so in total they probably pay about $160, which is within the range if you have more than 10 years of experience in driving
I live in the US, my I asked why do you pay monthly for a bank account? I understand annual fees for credit cards (with perks) but again why is there a monthly fee?
Hi, I'm American and have lived in Canada for over 15 years (I'm old) in many provinces (think "states" in the US). Unlike the US, all banks here charge monthly fees, there are no "free" accounts u less you are using a digital bank or something of that nature. Heidi in Vancouver BC Canada
I should also note that maybe you are young but years ago, U banks also all charged monthly fees but competition across financial institutions essentially did away with them over time. Edited: US Banks
Great question! Not all Canadian banks have a fee, I do have 2 chequing accounts with no fees but have certain limits to how much you can use them which I agree is strange and also annoying :/
That is a fantastic company you work at- they match your RRSP, etc and an allowance of $200 for health. Wow. Have you mentioned the name of company, and if not do you mind sharing it...? Very useful video. Thanks.
I’m guessing you should be earning at least 10k a month if you have that kind of expense. And with a partner who makes at least the same amount every month it should be easy to buy a condo instead of renting.
It is still much cheaper to rent than to buy in Vancouver, despite the high rental costs. Property taxes, utilities, mortgage interest, strata fees - those will add up to more than rent. Then on top of that you’re paying into equity. If they could buy a place in cash it might be worth it, but saving for that is a lengthy process. A small condo might be around $600k on the low end, outside the city centre (I haven’t looked in the city centre personally). Yeah if the partner makes $100k and she could cover all other expenses, they might be able to save up a down payment in a couple years (if they stopped eating out). But they’d be stressed covering the mortgage once they bought a place. And it isn’t clear whether she’s making enough to cover everything herself for long enough to save up $100k+. The living expenses she lists are decent for Vancouver. They probably looked hard or got lucky to find that apartment.
@@faiorathat was really well written. Americans also forget we don’t get income tax deductions on our primary residence. So our mortgages are way more expensive than down south.
It pays to be a landlord. We are currently getting evicted so the landlord can move into the property, aka I’m kicking you out so I can jack the rent up.
For the dining out problem. What if you try meal prepping? For example I always cook for 2-3 days, so it doesn't have to go in the freezer and you don't need to eat the same thing for a week :) but it's still fresh and less stressful to cook around 3 times per week than cooking everyday.
I live in Vancouver and it's expensive. She's lucky she has a partner, but living on your own is a skill set on your own. She failed to mention that the minimum wage in BC is $17.40
Sounds high but if you're making minimum wage or even a but more, you can't afford to live in the city by yourself.
Alsi the homeless situation in Vancouver is out of control.
Don't let that scare you, there's tons of mega rich people too, and it's a very beautiful city.
It's expensive here, but nowhere near to the levels she's spending. That is her choice.
This is not a good representation of the cost to live here. It's very excessive.
I live in Victoria, BC (also insanely expensive) and I live far cheaper than this for sure.
Thankyou! I’m new to Vancouver (from Australia) and your breakdown I’ll say is quite realistic!
Thanks for watching and welcome to Vancouver!!
I spend $400 on groceries
And I only eat 1 time a day (20 hours fasting)
I never go out to eat or take out.
Also this is 2024 in Vancouver
Cool video of the breakdown of your expenses! Very interesting to see a difference in others expenses! 🤍🔥💯
I enjoyed this breakdown!
I wish I worked for a company that cover the cost of a gym activities membership. Thanks for sharing the information and good to know.
Thank you for being transparent
how much do you save per month?
Just curious why do you have to pay monthly fee for an account with TD ?? I have a checking account with RBC and I don’t pay any monthly fees to them at all.
it sucks when rent costs your entire pay cheque!
Everyone who makes videos like this should specify it's right downtown core. That's a fraction of how big Vancouver is.
Thank you for sharing! 😃
This is definitely not even close to being a typical budget for life in BC . I realise this poster is just using herself as an example, but there is definitely a LOT of "fluff" in this budget. A lot. I live in Victoria (also insanely expensive) and make 6 figures - and my spending is nowhere near this high. I am lucky that I have a very reasonable rent (family price) but then again, this person also has a lower rent payment due to having a partner.
Please what is the average cost of a 2bedroom in Victoria, how is moving around without a car ( transportation)? How easy is it to access Vancouver from Victoria? Appreciate any thoughts..thinking of moving to Victoria - family of 4 (2kids).
Great video!!
Thank you!!
great video, what websitees did you use?
How is your car insurance so low???
I think she splits it with her partner, so in total they probably pay about $160, which is within the range if you have more than 10 years of experience in driving
I live in the US, my I asked why do you pay monthly for a bank account? I understand annual fees for credit cards (with perks) but again why is there a monthly fee?
Hi, I'm American and have lived in Canada for over 15 years (I'm old) in many provinces (think "states" in the US). Unlike the US, all banks here charge monthly fees, there are no "free" accounts u less you are using a digital bank or something of that nature. Heidi in Vancouver BC Canada
I should also note that maybe you are young but years ago, U banks also all charged monthly fees but competition across financial institutions essentially did away with them over time. Edited: US Banks
Great question! Not all Canadian banks have a fee, I do have 2 chequing accounts with no fees but have certain limits to how much you can use them which I agree is strange and also annoying :/
@@raisamartin I'm curious what the financial institution is where you hold the chequing accounts.
@@greatwhitenorthtreasures3606 EQ bank and NEO!
Not related but may I know what lipstick do you use? Love it!
Oooh thanks! The lip liner is Nude from NYX and laneige sleeping mask on top 🩷
Thank you Raisa
my pleasure! 💛
That is a fantastic company you work at- they match your RRSP, etc and an allowance of $200 for health. Wow. Have you mentioned the name of company, and if not do you mind sharing it...? Very useful video. Thanks.
It’s probably lululemon. I know they have a health benefit for yoga and what not, and an RRSP program.
I’m guessing you should be earning at least 10k a month if you have that kind of expense. And with a partner who makes at least the same amount every month it should be easy to buy a condo instead of renting.
It is still much cheaper to rent than to buy in Vancouver, despite the high rental costs.
Property taxes, utilities, mortgage interest, strata fees - those will add up to more than rent. Then on top of that you’re paying into equity.
If they could buy a place in cash it might be worth it, but saving for that is a lengthy process.
A small condo might be around $600k on the low end, outside the city centre (I haven’t looked in the city centre personally).
Yeah if the partner makes $100k and she could cover all other expenses, they might be able to save up a down payment in a couple years (if they stopped eating out).
But they’d be stressed covering the mortgage once they bought a place. And it isn’t clear whether she’s making enough to cover everything herself for long enough to save up $100k+.
The living expenses she lists are decent for Vancouver. They probably looked hard or got lucky to find that apartment.
@@faiorathat was really well written. Americans also forget we don’t get income tax deductions on our primary residence. So our mortgages are way more expensive than down south.
It pays to be a landlord. We are currently getting evicted so the landlord can move into the property, aka I’m kicking you out so I can jack the rent up.