Jiwoo:

I am currently a social media programmer who graduated from UBC after taking a computer
science course for 4 years. I am rooming with Jasper who is working as a technician. My business is
located at 45 W 7th Ave, Vancouver, BC V5Y 1L4

My yearly income is $37100

Income Tax: 7442
Annual Net Income: 29658
I wish to pay around $2500 to pay off my student loan.

4. Rent Expense (5% of grade)

https://vancouver.craigslist.ca/van/apa/d/2-bedroom-laneway/6581960036.html

We will be living in a 2-bedroom laneway. The place has one small washroom and bathroom. It
also has a balcony and is only a 2-minute walk from Victoria Drive bus stop. Jasper and I will be paying
$900 each per month. We chose this place because it is very close to a bus stop, so I can get to and from
work easily. Also, the place is very close to Douglas Elementary school so if any of us get kids we can
send them there.

Pros:

- public transportation (close to bus stop)

- schools and stores (convenient environment)
- close to Metrotown (big shopping centre)
-Fraserview Park and Bobolink Park very close by to stay active.
-Separate bedrooms
-Kitchen with stove

Cons:

-one washroom where someone can shower

-Not that much space

Insurance:
Each of us will be paying $14.21 for housing insurance/ month. This will be around $191 each year.

Damage Deposit:
The damage deposit will be around $450.

5. Furnishings and Appliances (15% of grade)

Create a list of all the furnishings and appliances you will need to make your home as comfortable as
you can afford to. Break down this list by room (living room, bathroom, etc.) to help make sure you’ve
covered everything. You start off with nothing so you must purchase everything. Use the classified ads in
the paper or department store catalogues/websites (Ikea, Sears, etc.) to find out how much things are.
Craigslist items, while non-taxable, have their drawbacks – so if you decide to purchase via Craigslist –
you are going to have to pay tax on them on the budget sheet (we’ll call it a ‘maintenance’ fee – or a
‘cleaning this used couch’ fee).

Our place has limited space therefore we won’t have much space for couches or other big furniture.
Bedroom:

Adjustable Height Desk - 72 x 24", Mahogany - ULINE Canada - H-7035MAH

CA$831.00

IKEA - RENBERGET Swivel chair Bomstad black

CA$59.99 (x2)

IKEA - FLYSTA Shelf unit white

CA$59.99

Kitchen:
Melissa & Doug Pots and Pans Set
CA$39.99

IKEA - LAGAN Top freezer white

CA$649.00

Washroom:
Arc Double Wall Rack

CA$29.95

Popular Bath Products 24.75" W x 65.5" H Over the Toilet Storage

CA$102.99

These appliances will make our place more comfortable.

6. Food Expense (10% of grade)

Both of us will be cooking our meals most of the time so we will need to buy our own food
supplies.

Pepsi (6bottles) $2.5

Chicken (2.245KG) $6.84

1LB Cucumbers/Tomatoes (x3) $3.97

Eggland’s large eggs $4.12

Peanut butter(40 oz.) $5.78

Cinnamon Crunch Cereal(x2) $2.98

Instant noodles(4packs) $7.75

Silk 2 Litres $5.80

Spam canned meat $7.92

Onions 1LB $1.29

Seedless watermelon $4.45

Mushrooms (6packs) $7.50

Soft baked strawberry cake $2.98

Vegetable oil $2.28

7. Transportation Expenses (10% of grade)

I will be buying a bus pass since our place is very close to bus stops. It will allow me to go to
work and come back conveniently. It won’t cost as much as buying or renting a vehicle since I would
have to pay for maintenance and gas. Also, it would be troublesome to park. However, this can be a
disadvantage since I will have to follow the bus schedule all the time and will take away my
freedom a bit but I’m not very concerned since I will only be using the bus to go to work and come back.
The adult monthly pass within one zone is $93. After tax, I will pay around $104.16 for the month.

https://m.translink.ca/Fares-and-Passes/Fare-Pricing.aspx

8. Household expenses (10% of grade)

30 Garbage bags $7.97

2 Light bulbs $6.99

12 Roll Paper Towels $15.97

Clock $16.98

24 Rolls of Toilet Paper $9.98

Trash can $13.98

9. Personal Health/Hygiene (5% of grade)

I will only be buying the absolutely necessary personal health items.

Axe Deodorant: $5.99

4 toothbrushes: $4.00
Softsoap body wash (x2): 7.75
Herbal hydration shampoo (x2): $5.96
Advil: $3.78

10. Personal Items, Entertainment & Recreation (5% of grade)

I will go to AnyTime Fitness since it is close to the place we live. I will buy the annual
membership since it is cheaper, $408. I will probably go to AnyTime Fitness around 3 to 4 times a week
since I need to keep my body in shape.
Furthermore, I’ll be purchasing an LG G5 with a 2GB Data plan. The plan will cost me $65/
month and no additional fees. I will stick with this phone for 2 years which will total up to$1560.
We will also be getting Shaw’s phone, Wi-Fi and TV plan. Shaw has a deal where you can get all 3
of these for $80/ month for a year.

11. Clothing (5% of grade)

I work as a programmer so I don’t need specific clothes for work. I can wear casual most of the
time and will buy clothes accordingly to the weather. I will most likely need around 5 shirts ($200) and 3
shorts ($150) and 2 pants ($100). When it becomes the winter, I will buy more jackets to cover up for
the cold. 2 pairs of shoes ($250) will be fine for me since I won’t be doing any intense workouts when I
work.
https://community.spiceworks.com/topic/158314-it-dress-code

12. Budget [Excel spreadsheet] (15% of grade)

See excel spreadsheet

13. Conclusions (10% of grade)

 In the end, while completing this project, I learned that moving out can be very difficult. You
have to account for everything in your life. Everything that your parents do for you now, you have to do
yourself. Insurance, maintenance, food, transportation, and all kinds of expenses you have to calculate.
Taxes can also be a pain. As of now, my parents probably use more money than I listed in this project
because they have to support their children and not just themselves. The hardest part about this project
was calculating taxes and finding a good place that’s close to your workplace. This information that I
learned, it will be very valuable for me when I either leave for post secondary education or when I get
married. I will know exactly how to organize my financial state. However, with a partner it was difficult
to organize and keep track of our money together. Also, I have to worry about saving money and paying
off debts later on.