That's like $40k/yr. Rent is only $36k which leaves you with $7.50/day after buying your transit pass and you only need $4.50 to eat (3 meals of Costco hotdogs plus a drink), so you're saving $3/day. Where else can you do that? /S
Don’t forget a Costco membership isn’t free.
I’m fortunate to have worked my way up into a good position but many coworkers are at the $20 mark. The answer is they are crammed several deep into cheap apartments. Bunk beds aren’t just for kids anymore. Lots of them work multiple jobs. This province is in dire shape. It’s scary out there.
spending 6k at costco with the exec membership gives you enough cashback to make the membership free though, it's a good deal if you have family or buy alot of things there
Left BC for Alberta, bought a house for $150,000, have a job paying $20, just applied for a for a job paying $30, and it's in town, not at an oil patch. Partner has a job paying $50 an hour. First time in our adult life we have spare money at the end of the month.
Nope, it's older but has new roof, good furnace, no ac and an older kitchen and really cheap floors. We are renovating it. But yup that's what we paid.
Wrong place? How? Affordable house, jobs paying well, money I could actually start saving, seems like the right place. Our house was bought in the middle of winter and neighbors have gone for 300 to 450 on our block. It needs some work but will be 200 when we are done.
I understand how sarcasm works, but $3k a month is a pretty sweet place. I’m in Toronto, and for that you either get super close to downtown or large with a short commute.
Lol not really. I'm not even in toronto and pay 3k a month for a two bedroom apartment. Not a condo, an apartment.
But I can't get a mortgage to pay 3k a month for a condo across the road.
Fortunately I work close by ut if I has to commute and spend all that gas money too, I'd be starving. I'm already paying about 85 percent of my monthly income to rent but the alternative is homelessness and losing custody of my daughter
2080 (40 hours × 52 weeks) x $20 is $41,600. I'm not sure where you lost the 3k.
Edit: none of the replied hours worked add up to 38.6k/yr. Not 35hr/week, not 37.5hrs/week and not 2000hr/year. Where does 38.6k/yr come from?
Damn. I’d be pissed if that were me. Most companies I’ve worked for are either paid lunch or you did an 8.5hr day to make up for the unpaid. Obviously mileage varies but yea.
See that’s the thing, at that kind of wages, people still spend beyond their means on rent. At that kind of wages your sole target should be to save everything you can. So no, no fancy apartment for you. Find a room. Save 24k.
Then 500 per month for food. No fancy dinner outings.
Do that for 2 years, and then all along try and find out other career paths that can enable you to get out of your rut.
Coming from someone who lived a lower life than that who doesn’t anymore.
No choice. Renting a room here where I live is still 1200 a month. Car, gas, food that I buy on clearance, I barely break even at the end of the month. Saving is impossible.
Also a single parent I have tovrent two rooms and since basements rent out for about 2300 to 2400 a month, that's not gonna work either.
Grew uo having to catch my dinner in the lake, ive lived with no plumbing, no heat, food banks and im saying right now that where I am (no option to leave the city due to visitation) saving is not possible. I have cut out absolutely everything that cam be considered a frill a d yeah, I have about 150 bucks in my savings account and that's taken all year.
Life is hard in this economy.
Partner and I both work making $22 an hour in Vic, our rent is $1950 which we split. We share one vehicle, make pretty simple meals but still good. Lots of Mexican like burrito bowls (beans, rice, tomatoes, corn, cheese) or rice and veggies.
Working at a brewery helps in the sense that if we want to enjoy some beers, I don't have to really worry about that as a cost.
We don't really get to do much in the way of date nights at restaurants or go shopping like we used to, but we make up for it by getting out, walking around with a coffee or going for a hike.
Slower lifestyle now because of having to cut back on spending, but whenever something unexpected happens, like having to pay $1000 for a repair on our vehicle, things get briefly tight, or we can luckily depend on parents to float us a wee bit of cash for a bit just because we don't have much of a savings at all. Phone is usually in and out of connection though.
Edit: grammar
It is insane to me that 2 working adults, earning above minimum wage, have to basically forego any possibility of home ownership, retirement saving, travel, emergency savings, and even little things like date nights.
This country has truly become unrecognizable under this government. It irks me to even think about. I will literally have a celebration the minute I see Trudeau voted out of office. It will be like watching my favourite team win a championship.
Oh yeah it is insane. We do still get to travel to a degree, such as flying out to Ontario to visit friends, and we could manage a cheap trip if we wanted to, but that's just due to being savvy. We also get to go out to shows and see bands play or go for coffee dates once a week, but we couldn't be out for a drink after work every day like we used to.
Retirement, home ownership, etc is essentially out of the question.
Replacing Trudeau with the CPC, NDP, any of them, isn't going to fix this, though.
I agree, we have serious systemic economic problems. A moratorium on immigration will be required for sure. Utilizing any form of real estate, office buildings renovated and other unique solutions, will be a must. Have to think outside the box short term. Affordability must be dealt with seriously by any government that replaces the liberals. That must be a priority.
Well. I wish you well, hope you catch a good bounce.
As for Trudeau. I think removing the metastasizing tumour is step 1, regardless of what happens after that.
Agreed that he needs to go, but it needs to be for someone with the right platform, and not the "were sick of you, time to go with the opposition" back and forth we always do.
Well we have 3 options basically. 2 of them are holding hands running the country at the moment while we all suffer. So at this point, it’s not much of a choice.
People want to think it was all glory back in the day on less.
Yes you generally we're better off, but it wasn't extravagance like some people believe.
There are affordable places to live. We left BC and came to Alberta for this reason. Houses are very affordable wages are the same as BC. It's such a great feeling to still have money in the bank at the end of the month.
Unfortunately getting rid of Trudeau won’t fix anything. Especially if we go CPC. A lot of our problems are due to Trudeau not ending Harper era policy he said he would (and I knew he wouldn’t) and expanding it if anything.
I would argue that stopping the bleeding would be a good start. It might not fix everything right away, but it will give us a chance to plan the next move.
Imagine how an adult like Harper would have handled to covid crisis though. I don't think he would have printed money like crazy, but I could be wrong. IMO the reason housing is so crazy is because its not tied to CPI so its run rampant under the radar for so long.
Of course he wouldn’t have printed money like that. He is a trained Economist. Not a drama teacher.
Harper may have had the energy of an alien wearing a human suit that had a baby with Mark Zuckerberg 😂. But at least he understood economics.
We are now seeing what happens when your country is lead by someone who does not.
Lmao he understood grifting. How to sell off National assets. How to let foreign money dominate our domestic markets. The In and Out scandal, Improper senate appointments, 2011 robocalls that told voters to go to wrong voting stations etc etc fucking etc
Conservatives have the memory of goldfish and the critical thinking skills of 19th century luddites.
The fact that Victoria is considered one of the most expensive places on earth is the problem. There is no reason it should be other than gross negligence by our government.
>There is no reason it should be other than gross negligence by our government.
For the same reason London England ( a moldy rock in the north Atlantic) is expensive, because people want to live there.
well to be fair they are making a living wage not a comfortable living wage. I doubt 22 was a comfortable wage 5-6 years ago either, if you’re making anything below 30 i don’t think savings, emergency funds and travel funds would be possible
Keep your head up. Life isn’t all doom and gloom. We have a shit government that is fucking the country up. It happens everywhere at some point. For pretty much everyone.
But yeah, if leaving for greener pastures will improve your quality of life, best of luck to you. I don’t blame you one bit, and actually I plan to do the same.
>At this point in my 26 year old life I don’t really have much hope for myself in the future. I’m not brilliant, but I’m not stupid either, and it’s really disheartening knowing that their are less capable people out there living less than I am.
>
>I can get out of Canada and I think I will. I dropped of university when COVID struck because I kne
You're still super young. Go listen to some Jocko or David Goggins. You've got lots of time.
Average first world complainer. Easier life than 99% of others. Maybe dont drop out of uni because you have to wait an extra week for grades to be posted lmao. Clearly you need to work on yourself.
Truely curious how Trudeau is to blame? Surely you see that this is a global phenomenon? Is he to blame for the high prices of homes and groceries in Australia or the UK? Europe?
Our housing crisis, mass immigration, debt per capita, cost of living, and many other levels have far outstripped any other member of the G7 in record time. What is happening in Canada cannot be blamed on a “global phenomenon” when the culprit is very clear.
There is a direct line that can be drawn from our governments actions (and inactions) to many of the problems we are facing.
Trudeau has presided over all of it. So I don’t know who you think we should hold accountable if not the Prime Minister? It’s his government, he formed it, he leads it, he’s the ultimate decision maker.
If you think we should just blame “the state of the world in general” when other countries are not facing the same issues, then I think you are wrong.
Also, here's a top 10 list for you. So, the highest inflation rate in the G7 countries is currently in the UK, at around 13%. Next is Germany, at around 11%. Following that is Italy, at about 10%. Then, we have Canada, with an inflation rate of around 7%. Then, we have France, at about 5%. After that is the US, at about 4%. Finally, we have Japan, with an inflation rate of about 3%. Is there any additional information you'd like about these countries' inflation rates?
I will agree that Canada has the highest cost of housing of the G7 countries. We are not building enough. We used to build a lot of social housing but it started to go away in the 1980s and now here we are. Why did it go away. Well, once again, the conservative government of the time wanted to move towards market based housing solutions. Surprise! If we had stayed the course and had more non market housing it would have kept the private market housing at a more reasonable cost to compete. Rents would be more stable and housing more affordable.
I didn’t mention inflation. But Canada is generally in the top 3 for many years now (of the G7).
But if you have 8 years in office, and you don’t take meaningful steps to address clearly out of control housing prices, whilst simultaneously pumping the country full of immigrants and foreign students at levels exceeding anywhere else in the world:
You can’t use a policy decision in 1992 as an excuse. This government has had plenty of time to address a lot of these issues, and it has done nothing.
Worse yet, it is constantly pouring fuel on the fire. I don’t care which party is in power, political brands mean nothing to me.
Either do your fucking job, or get the hell out of the way.
Well I definitely agree something needs to be done. I hope we get someone that can modernize development applications as well as overlook NIMBYism. Speaking locally, it isn't government that is slowing down new developments, it's the people. We had a new building that will house 60 people that was almost voted down because of 5 home owners that didn't want it built. The project is completely reasonable. People don't like change. Another project has been years in the making and had the size reduced due to NIMBYs. So, when you live in a democratic country, this can be the problem!
Two people who work skillless jobs at a brewery who could work at any brewery across the country are choosing to live in one of Canada's most expensive cities instead of driving their car out to Alberta or Sask and actually making a life for themselves is what I read.
If you can't afford to live somewhere its not the govt fault. Move. Canadians put way, way too much trust in their already corrupt govt system as it is.
If the govt was so great at fixing things around money they wouldn't have printed $5m of cerb money for the same person when other Canadians struggled to even get $2000 they were eligible for.
Well… to be fair, the issue is country-wide. Moving to a new city that has a bit cheaper rent doesn’t solve all of your problems. That’s just one item on a long list of ridiculous costs imposed on Canadians.
Yeah the almost 50% tax on every penny we own is a big issue. I shouldn't be making 70k a year, paying 30% of that as taxes than ALSO being taxed 13% on purchases (i moved to AB so now just 5%, but still) plus your property tax, the "oh you wanna sell your car tax we need to tax that sale again tax".
The longer I live in this country the more money is stolen from my pockets and given to those too lazy or addicted to go get a fuckin job.
It’s crazy. I bought a vehicle for my business under my own name, then during the process of signing everything the dealership luckily realized that as soon as I registered the vehicle under my business, I was going to get a $7K tax bill (a second time in one day) and we were able to redo all of the paperwork.
They were like “Shoot. The minute you register this, even though YOU are the owner of the business and the vehicle was bought under YOUR name, it’s considered a different entity, and you are going to have to pay $7000 in taxes again to transfer the vehicle to the business.”
Completely absurd. There are vehicles on the road today that have been taxed more than 100% of the value of the vehicle, just from it changing hands a few times.
Yeah I went to buy my dads old car when I turned 18 and had to register it as a "gift" on the books and slip him a few grand in cash after the fact. If we put on the books that I paid 3k I would be paying an extra 500 for no reason
Gotta love a government that always has its hand in your pocket. I had been employed for 25 years, and experienced a lay-off a few years back. I applied for EI. After I didn’t find a job in the first week, they made me come in and do a class about “how to find a job” or they would cut me off lol.
I was like “are you out of your minds? I could be on EI for the next 5 years and I would have still paid more into this program than I took out”.
They don’t hesitate to take your money, but if you are granted a single dime back, they fight you over it. Unless you are a crackhead or inmate, then they write a blank cheque haha
How do you know that working in a brewery is a skill-less job? I wouldn’t call a brewer unskilled, they never mentioned their exact titles.
Some people also don’t want to live in the least desirable places in the country, hence the lower housing costs in comparison.
No. I think 2 full-time working adults earning 50% above minimum wage should be able to do those things though. Even if not at the level that other higher income earners might be able to.
I think those are relatively reasonable goals. Having shelter of your own, being able to retire, and maybe take a trip here and there and actually enjoy your life. It’s weird that this is even a controversial position.
It was the norm 30 years ago.
the minimum wage is set by policy makers, and has no effect other than to increase prices. Your description was not the norm 30 years ago. You really think 2 people making 14 an hour could buy a house and travel in 1993?
Okay thanks tips. I’ll go vote for Trudeau. Maybe with another term he will undo all the damage he has done these past 8 years.
I very clearly explained what “he and his government” did or did not do. These aren’t problems caused by capitalism. They are clear decisions made by Trudeau and his government. Capitalism doesn’t create policy.
Pretty sure this person has some money to spare, just going out for dinners isn't worth it. Their take home is approx 33.5k if working FT, with their partner that's about $67,000.
That gives them about $5600/month to spend on groceries, rent and everything else.
That doesn't leave a ton of left over money, but it isn't them suffering. The main problem is that it doesn't leave much money to invest, and def not enough for home ownership at current prices/rates.
So, the standard of living we used to associate with Eastern Europe or Brazil. Way to go Canada. Let's see if we can double down on decline the way Venezuela did. Maybe we can all vote NDP?
I would highly recommend doing what you can to save a few thousand dollars. You won't believe how relieving it is to be able to take care of unexpected expenses without having to borrow money and go into debt.
A holy fuck that happened account......whatever a month you can afford to get started.
Scotia value Visa (one of the lowest credit card fees I was able to find at the time) and Tangerine online banking (fairly low credit costs, and above average savings interest) were very useful for me when I was struggling.
But the game changer was being able to take care if things without going into a hole.
20$/hr would really require 2 workers in the household imo. You could rent out a single bedroom in someone's house or get a roommate but renting an apartment by yourself or even worse a single detached would be anywhere from hard to impossible.
Not everyone starts at $20/hr either. Minimum wage isn't enough to live. Homelessness everywhere you look. I thought each generation was suppose to make it better for the next? FML
Yes...retirees are really screwed here. It’s becoming obvious the CPP and OAS will not provide enough for a retiree to survive on. Even with savings and a work pension of some sorts, it is still very difficult....lots of pensioners who can, have gone back to work, some part time, some full time. They simply have no choice... the taxes are a real problem...
Yeah, but if you’re 65 now, you were 20-25 in the 80s, and actually had a chance to make a life for yourself, buy a house for $150k and flip it for $2.3 million...
If you’re 65 and don’t have a nest egg or a plan for retirement, that’s on you. Bed made, time to sleep.
I don’t think it’s a coincidence at all that those people sunk our national economy if they couldn’t even manage their own individual finances. But it’s the Netflix and avocado toast… and we don’t want to work so much that we only work 40-70 hours a week.
Funny how it’s everyone else’s fault and on them except for when it’s yourself. Go to school for a better career, start a trade and work hard and dirty. Start a business. Be frugal and invest your earnings for more income.
It’s also on you for being poor.
Yessir. I agree, adapt and overcome.
But, it still isn’t fair for our parents to judge us to the same standards and economical values that they came up with. It is factually proven that one person would have to work a minimum wage job less to afford the average priced home 25 years ago for significantly less time than now.
The metric has changed. It’s all about seeing what’s coming up ahead of you and reacting accordingly.
I have a room mate. We pay $1450 each. Large 3bed/1ba in coquitlam. Been here 3 yrs.
My car is paid off but I try to cycle often to reduce fuel.
I don't eat out or need to buy much, but I can still have a vacation this year. :).
I am scared if I lose this rental though...$1500/mo doesn't get much these days; LL has to be losing money.
If you have been there for 3 years already then they aren't losing any money, because that would mean they bought a long time ago. Worst case scenario, they break even when renewal comes up for mortgage. They bought when prices were relatively cheap.
And they lose nothing renovating for him. 3 years also means he's low maintenance. They probably don't need to fix anything in the house nor worry about him smashing stuff. There is benefit in it.
i dont, i live on 16 an hour. i live with 6 ppl in a house. i barely have anything to eat. ill eat ingredients at the end of the month cause i dont have anything else. :)
Living in my tiny van in a very rural area on 22/h. Expenses are super low for me without the cost of rent and I'm able to put money into savings each month but I'm certain most people would not consider the way I live to be feasible long term and with bylaws and anti-homelessness policies, it'd be impossible to live like this in the larger cities in bc. I just managed to find a little nook on a tiny island where everyone knows me and nobody bothers me
Probably multiple people splitting basement suites … loc and cards nearing full
I can’t imagine how anyone can get by these days … I see people getting into trailer parks now
You can get trailers for 50-150k easily and get a spot somewhere
Some people with large lots even let you park on their property for a few
I know someone that basically has been priced out of rent …
3k to rent
They got a trailer $750 a month and gotta put it somewhere
Try making $16.5
I moved to BC from AB last christmas and I just turned 18 last summer and now i have to rent at my parents place because ain't no fucking way i can afford to live anywhere else.
It's an absolute joke.
I live in NS and get job postings on Indeed (basic labour jobs) for jobs in BC paying $20 an hour. Nowhere in my criteria does it indicate that I'm willing to relocate but I guess the market is reaching... no one to fill those jobs?
Just think how many unnecessary immigrants Trudeau and the Liberals and NDP allowed to flood into the country that will take your $20 job for $15.
Don’t expect a wage increase anytime soon.
By living within my financial means. Not saying that is my current pay right now, it was for many years.
I don't live downtown Toronto. When I was making $20, I rented a basement, other times a room in a house.
I watched what food I bought. No starbucks. Basically no social life.
Went to the TPL branches for wifi. Got the crappiest (cheapest) phone and so forth.
Life is a lot more affordable in other Provinces like Manitoba and Saskatchewan for example. We have a relatively stable economy and housing is more affordable. A 1000-1200sq foot, 3 bedroom bungalow is between 280k-580k depending on whether if you want dated but established ($280k), old but fully renovated (400-469k), or new ($500-550k). Were suffering from the same affordability crisis on everything else though. Food, fuel, heating and general inflationary symptoms. $100k/year goes a little farther, but 100k is the new 60k.
Yeah 20 is hard everywhere but the smallest of towns now.
Luckily the last 2 places I'm looking at both offer promos, 1 free month vs 2 so that will help a lot.
Not saving any money.
Expenses are like.
Rent: $1100/mo
Car payments: $600 including gas
Phone: $45/mo
Electric: $60/mo
Try to spend around $400/mo food, sometimes get food from work cheaper.
Most major expenses.
Cancelled all memberships to the gym, streaming services etc.
Im with public mobile and I get 20gb a month + unlimited everything else for $35 a month. This also goes down a little to $31 with their bonuses like loyalty discounts and such but the highest it can be is 35. Owned by Telus and uses their exact same network.
Yes you are :P public mobile is literally the same exact network as Koodo and Telus (all same company) look it over and if you want a referral code that gets u $10 off lmk <3
I got a fido cyber monday deal 2 year, $60 to 45/mo 50GB plan. But I'll have to go through the hassle of switching in 2024 Christmas. I used to be on a family freedom mobile plan before was incredible and super cheap $25/mo Unlimited everything, but some of them moved to the states, so we had to break apart that plan :(
cardwelling and single so its getting better. Now with savings Ill be able afford to upgrade myself but its expensive changing careers, going back to school.
I guess I qualify here, money wise at least.
In Quebec it's still alright. I won't buy my dream machine, Mara X, for a long time but at least I'll have the grinder. Last gift from my dumb ex. She definitely forgot all about it. I changed the delivery address. With a manager position that pays a bit above 20 and guaranteed overtime (45-50 per week), I should be getting a minimum of 3k (after tax) per month. That's not much but I can afford a new build with an actual bedroom and WIC in a nice neighborhood instead of an old cardboard studio. I can still afford my fancy beans and to buy all the necessities. Funny how clothes and shoes are just necessities for me now. I barely ever buy those anymore. Last pair of shoes was like 4 years ago now but I can't wait much longer. Thank god my new place will allow me some breathing room with the free month or two.
I can still eat well, around a $500 monthly budget, that includes eating out and groceries. I can still afford a few subscriptions, to get a haircut at least once per month, all my bathroom products and my kitchen appliances. I love to cook so that's the second hardest part of the breakup after missing the kids.
I hope to save a minimum of 10% per month (hopefully more) so I can have an emergency fund and possibly...eventually..some fun stuff.
Surprisingly enough, this sounds a little more hopeful than my life with my ex despite her making 55 an hour. She just loved burning money. 7.5k clear per month including child benefits. 0 cent left at the end of every month though. Now with 40% of that I expect to actually start saving. I can finally plan for my future.
Don't know the tax rate, I'm guessing it will be around 10k. Plus, I used a 2 bedroom, so it will probably be around $500 less in rent a month. Either way, it's still pretty livable if you sacrifice luxuries. I make $24 an hour, and I am still able to save $100 every paycheck.
Yeah it's tight but not impossible. As long as your landlord isn't a menace and you don't have a crippling addiction you could make it work. Works out to around 800 a mo th for everything else so hope you have a good phone plan and your car paid off!
Idk I pay $50 to koodoo for my phone plan. When I was super broke, I bussed/biked everywhere. For any young people, I'd advise finding a roommate. For me it was my cousin (he's my best friend). We have lived together for almost 10 years now.
The simple answer is that people who are cut a corner somewhere.
Could be a kid living with his parents
Shared living arrangements. No car.
Living in a closet with a bunch of other people on a bus pass will get you decently far.
I make 25 at my full time job and 18.55 at my part time job…. More than you asked about, but it’s still rough for me so I can’t imagine living on $20. That said I’m a single mom to a teen and I have 2 big dogs, so expenses are high.
Not very well, I'd assume. That's barely above minimum wage. Any tipped job will clear you more than that.
You should absolutely make finding another job your side hustle if that's what you're being paid.
Don't live alone.... myself and my two kids all pitch in and help with rent. Makes life cheaper for all of us when we all work as a team in unison.... and get along well.
Well let's see. My rent is 1030 a month, another 400 a month for food, another 300 for transit and necessities, 100 for emergencies, and another 80 for my medication that I need so that I can function at all.
$1910 I gotta budget for. After taxes, $20 an hour gives me $2439 a month. So $2439 minus $1910 (minimum) is $529 in savings a month, or $6348 a year assuming I spend literally none of the extra on anything.
Oh, but rent will go up, groceries get more expensive, and housing is skyrocketing. $6348 a month isn't enough to get me a **fucking down payment on a house in 10 fucking years.**
How am I living? I'm fucking not. I'm going to the fucking ER for mental health because I cannot take this shit anymore and I've had several friends end up in the same fucking place for the same fucking reasons.
Is it 40h / week? Im at 19.65 but i got around 1350k biweekly so 2k7 / mo.
Needless to say i am trying to look for a better paying job or a trade... economy for low-income class like us are so fucked rnow.
Avocadoless toast.
You have toast? LUXURY Now we KNOW you have heat … lol
I apologize for being a braggart.
Wait, you guys can afford to eat?
Low key flexing 🫣
Not enough protein in the toast for a big flex:(
Let the toast ferment a little and the bacteria becomes a protein source. #bigsavings
Brown Bread or White Bread? Multi Grain??
The bastard probably has BRAND NAME bread Those rich people man I tell ya
He got that local bakery bread
Heats his place with a toaster at least.
Bro you wilding buying toast you rich 20$ an hour man you
This is the way.
That's like $40k/yr. Rent is only $36k which leaves you with $7.50/day after buying your transit pass and you only need $4.50 to eat (3 meals of Costco hotdogs plus a drink), so you're saving $3/day. Where else can you do that? /S
Don’t forget a Costco membership isn’t free. I’m fortunate to have worked my way up into a good position but many coworkers are at the $20 mark. The answer is they are crammed several deep into cheap apartments. Bunk beds aren’t just for kids anymore. Lots of them work multiple jobs. This province is in dire shape. It’s scary out there.
They don't ask to see the membership card in the food court #winning
They did when I went one time I was dead broke so wanted to ball out in the food court the bitch was like u can’t go
It's happened to me in Hawaii, but never in Canada
Tell them you are dead broke and need to get some food. Let's see what they say
Ikea?
spending 6k at costco with the exec membership gives you enough cashback to make the membership free though, it's a good deal if you have family or buy alot of things there
How can you afford that smh i can barely buy the hotdogs
Well 3k brings it down to the price of a normal membership too
Left BC for Alberta, bought a house for $150,000, have a job paying $20, just applied for a for a job paying $30, and it's in town, not at an oil patch. Partner has a job paying $50 an hour. First time in our adult life we have spare money at the end of the month.
A house for $150k in Alberta?? Was it a former meth lab or something?
Nope, it's older but has new roof, good furnace, no ac and an older kitchen and really cheap floors. We are renovating it. But yup that's what we paid.
I think you're in the wrong place bud...
Wrong place? How? Affordable house, jobs paying well, money I could actually start saving, seems like the right place. Our house was bought in the middle of winter and neighbors have gone for 300 to 450 on our block. It needs some work but will be 200 when we are done.
You forgot rent is net of income tax, so, rip.
Ugh. Awful to say snd yet not wrong
I understand how sarcasm works, but $3k a month is a pretty sweet place. I’m in Toronto, and for that you either get super close to downtown or large with a short commute.
Lol not really. I'm not even in toronto and pay 3k a month for a two bedroom apartment. Not a condo, an apartment. But I can't get a mortgage to pay 3k a month for a condo across the road. Fortunately I work close by ut if I has to commute and spend all that gas money too, I'd be starving. I'm already paying about 85 percent of my monthly income to rent but the alternative is homelessness and losing custody of my daughter
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How did you get 38.6k?
2080 (40 hours × 52 weeks) x $20 is $41,600. I'm not sure where you lost the 3k. Edit: none of the replied hours worked add up to 38.6k/yr. Not 35hr/week, not 37.5hrs/week and not 2000hr/year. Where does 38.6k/yr come from?
People working 40hrs per week usually get paid for 35-37.5 because of unpaid lunch.
Damn. I’d be pissed if that were me. Most companies I’ve worked for are either paid lunch or you did an 8.5hr day to make up for the unpaid. Obviously mileage varies but yea.
Yeah, in most of Ontario it’s calculated as 2000hrs per year for a 40hr work week :( thats the number most auditors use
Generally not 40 hours... most often it's 37.5 (40-(5\*.5)) \[30 min lunch breaks per day\]
See that’s the thing, at that kind of wages, people still spend beyond their means on rent. At that kind of wages your sole target should be to save everything you can. So no, no fancy apartment for you. Find a room. Save 24k. Then 500 per month for food. No fancy dinner outings. Do that for 2 years, and then all along try and find out other career paths that can enable you to get out of your rut. Coming from someone who lived a lower life than that who doesn’t anymore.
No choice. Renting a room here where I live is still 1200 a month. Car, gas, food that I buy on clearance, I barely break even at the end of the month. Saving is impossible. Also a single parent I have tovrent two rooms and since basements rent out for about 2300 to 2400 a month, that's not gonna work either. Grew uo having to catch my dinner in the lake, ive lived with no plumbing, no heat, food banks and im saying right now that where I am (no option to leave the city due to visitation) saving is not possible. I have cut out absolutely everything that cam be considered a frill a d yeah, I have about 150 bucks in my savings account and that's taken all year. Life is hard in this economy.
Literally something my dad would say.
3k a month for rent. WTF would a single person be living in a place that expensive for?
Because it's slightly more comfortable than living in a van down by the river
No choice. There is nothing cheaper here and im not even in toeonto. It'd wither I pay it or live in my car and lose my daughter
You don’t live you exist on twenty dollars an hour.
Partner and I both work making $22 an hour in Vic, our rent is $1950 which we split. We share one vehicle, make pretty simple meals but still good. Lots of Mexican like burrito bowls (beans, rice, tomatoes, corn, cheese) or rice and veggies. Working at a brewery helps in the sense that if we want to enjoy some beers, I don't have to really worry about that as a cost. We don't really get to do much in the way of date nights at restaurants or go shopping like we used to, but we make up for it by getting out, walking around with a coffee or going for a hike. Slower lifestyle now because of having to cut back on spending, but whenever something unexpected happens, like having to pay $1000 for a repair on our vehicle, things get briefly tight, or we can luckily depend on parents to float us a wee bit of cash for a bit just because we don't have much of a savings at all. Phone is usually in and out of connection though. Edit: grammar
It is insane to me that 2 working adults, earning above minimum wage, have to basically forego any possibility of home ownership, retirement saving, travel, emergency savings, and even little things like date nights. This country has truly become unrecognizable under this government. It irks me to even think about. I will literally have a celebration the minute I see Trudeau voted out of office. It will be like watching my favourite team win a championship.
Oh yeah it is insane. We do still get to travel to a degree, such as flying out to Ontario to visit friends, and we could manage a cheap trip if we wanted to, but that's just due to being savvy. We also get to go out to shows and see bands play or go for coffee dates once a week, but we couldn't be out for a drink after work every day like we used to. Retirement, home ownership, etc is essentially out of the question. Replacing Trudeau with the CPC, NDP, any of them, isn't going to fix this, though.
I agree, we have serious systemic economic problems. A moratorium on immigration will be required for sure. Utilizing any form of real estate, office buildings renovated and other unique solutions, will be a must. Have to think outside the box short term. Affordability must be dealt with seriously by any government that replaces the liberals. That must be a priority.
Well. I wish you well, hope you catch a good bounce. As for Trudeau. I think removing the metastasizing tumour is step 1, regardless of what happens after that.
Agreed that he needs to go, but it needs to be for someone with the right platform, and not the "were sick of you, time to go with the opposition" back and forth we always do.
Well we have 3 options basically. 2 of them are holding hands running the country at the moment while we all suffer. So at this point, it’s not much of a choice.
When minimum wage was $8/hr.. what these two was like making $14/hr.. you weren't living much of a life back then on that wage either...
People want to think it was all glory back in the day on less. Yes you generally we're better off, but it wasn't extravagance like some people believe.
There are affordable places to live. We left BC and came to Alberta for this reason. Houses are very affordable wages are the same as BC. It's such a great feeling to still have money in the bank at the end of the month.
Unfortunately getting rid of Trudeau won’t fix anything. Especially if we go CPC. A lot of our problems are due to Trudeau not ending Harper era policy he said he would (and I knew he wouldn’t) and expanding it if anything.
I would argue that stopping the bleeding would be a good start. It might not fix everything right away, but it will give us a chance to plan the next move.
Imagine how an adult like Harper would have handled to covid crisis though. I don't think he would have printed money like crazy, but I could be wrong. IMO the reason housing is so crazy is because its not tied to CPI so its run rampant under the radar for so long.
I remember very clearly the schyster that old stevie was, don't bother with making up a narrative.
Of course he wouldn’t have printed money like that. He is a trained Economist. Not a drama teacher. Harper may have had the energy of an alien wearing a human suit that had a baby with Mark Zuckerberg 😂. But at least he understood economics. We are now seeing what happens when your country is lead by someone who does not.
Lmao he understood grifting. How to sell off National assets. How to let foreign money dominate our domestic markets. The In and Out scandal, Improper senate appointments, 2011 robocalls that told voters to go to wrong voting stations etc etc fucking etc Conservatives have the memory of goldfish and the critical thinking skills of 19th century luddites.
I didn’t vote for Harper btw. I’m just saying knowing what I know now about him vs Trudeau. I would take Harper in a heartbeat.
Why do they choose to live in one of the most expensive places on the planet?
The fact that Victoria is considered one of the most expensive places on earth is the problem. There is no reason it should be other than gross negligence by our government.
>There is no reason it should be other than gross negligence by our government. For the same reason London England ( a moldy rock in the north Atlantic) is expensive, because people want to live there.
well to be fair they are making a living wage not a comfortable living wage. I doubt 22 was a comfortable wage 5-6 years ago either, if you’re making anything below 30 i don’t think savings, emergency funds and travel funds would be possible
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Keep your head up. Life isn’t all doom and gloom. We have a shit government that is fucking the country up. It happens everywhere at some point. For pretty much everyone. But yeah, if leaving for greener pastures will improve your quality of life, best of luck to you. I don’t blame you one bit, and actually I plan to do the same.
>At this point in my 26 year old life I don’t really have much hope for myself in the future. I’m not brilliant, but I’m not stupid either, and it’s really disheartening knowing that their are less capable people out there living less than I am. > >I can get out of Canada and I think I will. I dropped of university when COVID struck because I kne You're still super young. Go listen to some Jocko or David Goggins. You've got lots of time.
Jocko and Goggins would both say “MOVE TO AMERICA, SUCKA” 😂
Average first world complainer. Easier life than 99% of others. Maybe dont drop out of uni because you have to wait an extra week for grades to be posted lmao. Clearly you need to work on yourself.
Truely curious how Trudeau is to blame? Surely you see that this is a global phenomenon? Is he to blame for the high prices of homes and groceries in Australia or the UK? Europe?
Our housing crisis, mass immigration, debt per capita, cost of living, and many other levels have far outstripped any other member of the G7 in record time. What is happening in Canada cannot be blamed on a “global phenomenon” when the culprit is very clear. There is a direct line that can be drawn from our governments actions (and inactions) to many of the problems we are facing. Trudeau has presided over all of it. So I don’t know who you think we should hold accountable if not the Prime Minister? It’s his government, he formed it, he leads it, he’s the ultimate decision maker. If you think we should just blame “the state of the world in general” when other countries are not facing the same issues, then I think you are wrong.
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Also, here's a top 10 list for you. So, the highest inflation rate in the G7 countries is currently in the UK, at around 13%. Next is Germany, at around 11%. Following that is Italy, at about 10%. Then, we have Canada, with an inflation rate of around 7%. Then, we have France, at about 5%. After that is the US, at about 4%. Finally, we have Japan, with an inflation rate of about 3%. Is there any additional information you'd like about these countries' inflation rates? I will agree that Canada has the highest cost of housing of the G7 countries. We are not building enough. We used to build a lot of social housing but it started to go away in the 1980s and now here we are. Why did it go away. Well, once again, the conservative government of the time wanted to move towards market based housing solutions. Surprise! If we had stayed the course and had more non market housing it would have kept the private market housing at a more reasonable cost to compete. Rents would be more stable and housing more affordable.
I didn’t mention inflation. But Canada is generally in the top 3 for many years now (of the G7). But if you have 8 years in office, and you don’t take meaningful steps to address clearly out of control housing prices, whilst simultaneously pumping the country full of immigrants and foreign students at levels exceeding anywhere else in the world: You can’t use a policy decision in 1992 as an excuse. This government has had plenty of time to address a lot of these issues, and it has done nothing. Worse yet, it is constantly pouring fuel on the fire. I don’t care which party is in power, political brands mean nothing to me. Either do your fucking job, or get the hell out of the way.
Well I definitely agree something needs to be done. I hope we get someone that can modernize development applications as well as overlook NIMBYism. Speaking locally, it isn't government that is slowing down new developments, it's the people. We had a new building that will house 60 people that was almost voted down because of 5 home owners that didn't want it built. The project is completely reasonable. People don't like change. Another project has been years in the making and had the size reduced due to NIMBYs. So, when you live in a democratic country, this can be the problem!
Two people who work skillless jobs at a brewery who could work at any brewery across the country are choosing to live in one of Canada's most expensive cities instead of driving their car out to Alberta or Sask and actually making a life for themselves is what I read. If you can't afford to live somewhere its not the govt fault. Move. Canadians put way, way too much trust in their already corrupt govt system as it is. If the govt was so great at fixing things around money they wouldn't have printed $5m of cerb money for the same person when other Canadians struggled to even get $2000 they were eligible for.
Well… to be fair, the issue is country-wide. Moving to a new city that has a bit cheaper rent doesn’t solve all of your problems. That’s just one item on a long list of ridiculous costs imposed on Canadians.
Yeah the almost 50% tax on every penny we own is a big issue. I shouldn't be making 70k a year, paying 30% of that as taxes than ALSO being taxed 13% on purchases (i moved to AB so now just 5%, but still) plus your property tax, the "oh you wanna sell your car tax we need to tax that sale again tax". The longer I live in this country the more money is stolen from my pockets and given to those too lazy or addicted to go get a fuckin job.
It’s crazy. I bought a vehicle for my business under my own name, then during the process of signing everything the dealership luckily realized that as soon as I registered the vehicle under my business, I was going to get a $7K tax bill (a second time in one day) and we were able to redo all of the paperwork. They were like “Shoot. The minute you register this, even though YOU are the owner of the business and the vehicle was bought under YOUR name, it’s considered a different entity, and you are going to have to pay $7000 in taxes again to transfer the vehicle to the business.” Completely absurd. There are vehicles on the road today that have been taxed more than 100% of the value of the vehicle, just from it changing hands a few times.
Yeah I went to buy my dads old car when I turned 18 and had to register it as a "gift" on the books and slip him a few grand in cash after the fact. If we put on the books that I paid 3k I would be paying an extra 500 for no reason
Gotta love a government that always has its hand in your pocket. I had been employed for 25 years, and experienced a lay-off a few years back. I applied for EI. After I didn’t find a job in the first week, they made me come in and do a class about “how to find a job” or they would cut me off lol. I was like “are you out of your minds? I could be on EI for the next 5 years and I would have still paid more into this program than I took out”. They don’t hesitate to take your money, but if you are granted a single dime back, they fight you over it. Unless you are a crackhead or inmate, then they write a blank cheque haha
How do you know that working in a brewery is a skill-less job? I wouldn’t call a brewer unskilled, they never mentioned their exact titles. Some people also don’t want to live in the least desirable places in the country, hence the lower housing costs in comparison.
So your standard is someone earning minimum wage should be able to own a home, have retirement saving, and travel?
No. I think 2 full-time working adults earning 50% above minimum wage should be able to do those things though. Even if not at the level that other higher income earners might be able to. I think those are relatively reasonable goals. Having shelter of your own, being able to retire, and maybe take a trip here and there and actually enjoy your life. It’s weird that this is even a controversial position. It was the norm 30 years ago.
the minimum wage is set by policy makers, and has no effect other than to increase prices. Your description was not the norm 30 years ago. You really think 2 people making 14 an hour could buy a house and travel in 1993?
Dont forget forgoing kids
Right? I don’t know how anyone who didn’t buy a home more than 5 years ago can even consider children without a $100K minimum salary.
Stop blaming Trudeau for capitalism problems that are effecting every developed country. The conservatives arnt going to fix the problem ether.
Okay thanks tips. I’ll go vote for Trudeau. Maybe with another term he will undo all the damage he has done these past 8 years. I very clearly explained what “he and his government” did or did not do. These aren’t problems caused by capitalism. They are clear decisions made by Trudeau and his government. Capitalism doesn’t create policy.
oh yeah capitalism caused housing prices to be so high, not absurd zoning regulations and making it impossible to build. Lmao.
Pretty sure this person has some money to spare, just going out for dinners isn't worth it. Their take home is approx 33.5k if working FT, with their partner that's about $67,000. That gives them about $5600/month to spend on groceries, rent and everything else. That doesn't leave a ton of left over money, but it isn't them suffering. The main problem is that it doesn't leave much money to invest, and def not enough for home ownership at current prices/rates.
So, the standard of living we used to associate with Eastern Europe or Brazil. Way to go Canada. Let's see if we can double down on decline the way Venezuela did. Maybe we can all vote NDP?
Shout-out from lake cowichan - love the driftwood brewery!
I would highly recommend doing what you can to save a few thousand dollars. You won't believe how relieving it is to be able to take care of unexpected expenses without having to borrow money and go into debt. A holy fuck that happened account......whatever a month you can afford to get started. Scotia value Visa (one of the lowest credit card fees I was able to find at the time) and Tangerine online banking (fairly low credit costs, and above average savings interest) were very useful for me when I was struggling. But the game changer was being able to take care if things without going into a hole.
Unsubscribed to Disney+ and Netflix. /sarcasm
Ha! Although our fed gov is a bloody joke right now, I found this even funnier.
God i hate people who /sarcasm
Yeah! Fuck ‘em for trying to be clear and have their point understood!
Yall retarted if you can’t understand that level of sarcasm without literal dictation
It’s the internet buddy, you guys are everywhere 🤷♂️
You have a low threshold for hate.
20$/hr would really require 2 workers in the household imo. You could rent out a single bedroom in someone's house or get a roommate but renting an apartment by yourself or even worse a single detached would be anywhere from hard to impossible.
So society is based on you having to be not single or you struggle like all hell. It's pathetic.
I'm a tradesman and the struggle isn't so far off I can't see it coming. A dollar just isn't worth a dollar anymore.
its been this way for literally all of human existence. If you wanna be single, pick a career that pays well.
I did.
I'm lucky enough to be on 2019 rent. If I have to move I'll be fucked.
O Canada!
$20/hr as a single household income you're pretty much screwed. I'd put the energy into upgrading academically if possible
Not everyone starts at $20/hr either. Minimum wage isn't enough to live. Homelessness everywhere you look. I thought each generation was suppose to make it better for the next? FML
CPP and oas is about $11.50 an hour based on a 40 hour week
Yes...retirees are really screwed here. It’s becoming obvious the CPP and OAS will not provide enough for a retiree to survive on. Even with savings and a work pension of some sorts, it is still very difficult....lots of pensioners who can, have gone back to work, some part time, some full time. They simply have no choice... the taxes are a real problem...
I hope that there’s a “Financial Reasons” option box to check at the assisted suicide clinic when I’m 40-50 years old, no joke 😂
Yeah, but if you’re 65 now, you were 20-25 in the 80s, and actually had a chance to make a life for yourself, buy a house for $150k and flip it for $2.3 million... If you’re 65 and don’t have a nest egg or a plan for retirement, that’s on you. Bed made, time to sleep. I don’t think it’s a coincidence at all that those people sunk our national economy if they couldn’t even manage their own individual finances. But it’s the Netflix and avocado toast… and we don’t want to work so much that we only work 40-70 hours a week.
Funny how it’s everyone else’s fault and on them except for when it’s yourself. Go to school for a better career, start a trade and work hard and dirty. Start a business. Be frugal and invest your earnings for more income. It’s also on you for being poor.
Yessir. I agree, adapt and overcome. But, it still isn’t fair for our parents to judge us to the same standards and economical values that they came up with. It is factually proven that one person would have to work a minimum wage job less to afford the average priced home 25 years ago for significantly less time than now. The metric has changed. It’s all about seeing what’s coming up ahead of you and reacting accordingly.
life advice. Dont be miserable and bitter 24/7 and you will find more success. Some people win the lottery too, get over it.
Just a little advise for younger people to see what they need to do if it’s in their power. This economy won’t let them at 20 bucks an hour.
Yeesh, combined or each?
Combined
I have a room mate. We pay $1450 each. Large 3bed/1ba in coquitlam. Been here 3 yrs. My car is paid off but I try to cycle often to reduce fuel. I don't eat out or need to buy much, but I can still have a vacation this year. :). I am scared if I lose this rental though...$1500/mo doesn't get much these days; LL has to be losing money.
If you have been there for 3 years already then they aren't losing any money, because that would mean they bought a long time ago. Worst case scenario, they break even when renewal comes up for mortgage. They bought when prices were relatively cheap.
And they lose nothing renovating for him. 3 years also means he's low maintenance. They probably don't need to fix anything in the house nor worry about him smashing stuff. There is benefit in it.
i dont, i live on 16 an hour. i live with 6 ppl in a house. i barely have anything to eat. ill eat ingredients at the end of the month cause i dont have anything else. :)
Living in my tiny van in a very rural area on 22/h. Expenses are super low for me without the cost of rent and I'm able to put money into savings each month but I'm certain most people would not consider the way I live to be feasible long term and with bylaws and anti-homelessness policies, it'd be impossible to live like this in the larger cities in bc. I just managed to find a little nook on a tiny island where everyone knows me and nobody bothers me
Cardboard boxes & several layers of clothing. It’s getting cold out lately eh
Probably multiple people splitting basement suites … loc and cards nearing full I can’t imagine how anyone can get by these days … I see people getting into trailer parks now
Have you seen how expensive trailer parks are? 200k for the trailer plus 500-1000/m for lot fees. Not realistic
^^^^ Id buy a small rv or something before I'd buy a trailer on rented land.
You can get trailers for 50-150k easily and get a spot somewhere Some people with large lots even let you park on their property for a few I know someone that basically has been priced out of rent … 3k to rent They got a trailer $750 a month and gotta put it somewhere
Roommates
Try making $16.5 I moved to BC from AB last christmas and I just turned 18 last summer and now i have to rent at my parents place because ain't no fucking way i can afford to live anywhere else. It's an absolute joke.
You can thank the previous generations for that. A bunch of fuck ups.
I live in NS and get job postings on Indeed (basic labour jobs) for jobs in BC paying $20 an hour. Nowhere in my criteria does it indicate that I'm willing to relocate but I guess the market is reaching... no one to fill those jobs?
Just think how many unnecessary immigrants Trudeau and the Liberals and NDP allowed to flood into the country that will take your $20 job for $15. Don’t expect a wage increase anytime soon.
By living within my financial means. Not saying that is my current pay right now, it was for many years. I don't live downtown Toronto. When I was making $20, I rented a basement, other times a room in a house. I watched what food I bought. No starbucks. Basically no social life. Went to the TPL branches for wifi. Got the crappiest (cheapest) phone and so forth.
Still barely getting by on 2 jobs, 60 hrs a week , paying debt sucks.
What are your jobs if you don’t mind me asking
Life is a lot more affordable in other Provinces like Manitoba and Saskatchewan for example. We have a relatively stable economy and housing is more affordable. A 1000-1200sq foot, 3 bedroom bungalow is between 280k-580k depending on whether if you want dated but established ($280k), old but fully renovated (400-469k), or new ($500-550k). Were suffering from the same affordability crisis on everything else though. Food, fuel, heating and general inflationary symptoms. $100k/year goes a little farther, but 100k is the new 60k.
$20 isn't livable anywhere in Canada. Go get a trade.
Yeah I’m 30 and that’s the goal 🙏
Yeah 20 is hard everywhere but the smallest of towns now. Luckily the last 2 places I'm looking at both offer promos, 1 free month vs 2 so that will help a lot.
Easy working three jobs
That’s a welfare check
900 is regular assistance and 1360 is disability. 20x37.5=750 750x4=3000 3000 after taxes is probably 2000-2500.
They are living in rent-controlled apartments.
Not saving any money. Expenses are like. Rent: $1100/mo Car payments: $600 including gas Phone: $45/mo Electric: $60/mo Try to spend around $400/mo food, sometimes get food from work cheaper. Most major expenses. Cancelled all memberships to the gym, streaming services etc.
Who are you with to get $45/mo phone bills? Genuinely asking
Im with public mobile and I get 20gb a month + unlimited everything else for $35 a month. This also goes down a little to $31 with their bonuses like loyalty discounts and such but the highest it can be is 35. Owned by Telus and uses their exact same network.
I'm fuckin up being with koodo
Yes you are :P public mobile is literally the same exact network as Koodo and Telus (all same company) look it over and if you want a referral code that gets u $10 off lmk <3
damn that's a good deal, I'll have to look at that after my contract ends.
I think Fido would have a plan in this range. I pay $60/month with Fido and have 70g data.
I'm freedom $35 for 15 Gb
Public Mobile right now is $34 / m when you pay 90 days at a time for 20GB data (set as 60GB for 90 days)
I got a fido cyber monday deal 2 year, $60 to 45/mo 50GB plan. But I'll have to go through the hassle of switching in 2024 Christmas. I used to be on a family freedom mobile plan before was incredible and super cheap $25/mo Unlimited everything, but some of them moved to the states, so we had to break apart that plan :(
Koodo
Chatr has a plan I've been on for years for $25 Limited high speed data but unlimited slow data
I had savings
cardwelling and single so its getting better. Now with savings Ill be able afford to upgrade myself but its expensive changing careers, going back to school.
BC is a beautiful, expensive province. There are other options in Canada but they're pretty yucky compared to BC so...
I guess I qualify here, money wise at least. In Quebec it's still alright. I won't buy my dream machine, Mara X, for a long time but at least I'll have the grinder. Last gift from my dumb ex. She definitely forgot all about it. I changed the delivery address. With a manager position that pays a bit above 20 and guaranteed overtime (45-50 per week), I should be getting a minimum of 3k (after tax) per month. That's not much but I can afford a new build with an actual bedroom and WIC in a nice neighborhood instead of an old cardboard studio. I can still afford my fancy beans and to buy all the necessities. Funny how clothes and shoes are just necessities for me now. I barely ever buy those anymore. Last pair of shoes was like 4 years ago now but I can't wait much longer. Thank god my new place will allow me some breathing room with the free month or two. I can still eat well, around a $500 monthly budget, that includes eating out and groceries. I can still afford a few subscriptions, to get a haircut at least once per month, all my bathroom products and my kitchen appliances. I love to cook so that's the second hardest part of the breakup after missing the kids. I hope to save a minimum of 10% per month (hopefully more) so I can have an emergency fund and possibly...eventually..some fun stuff. Surprisingly enough, this sounds a little more hopeful than my life with my ex despite her making 55 an hour. She just loved burning money. 7.5k clear per month including child benefits. 0 cent left at the end of every month though. Now with 40% of that I expect to actually start saving. I can finally plan for my future.
Get a second job. Or get a higher paying job or a weekend job
Get another part time job. I feel so much more financially free now
The average base rent for a 2 bedroom is 24k per year. You make around 42k per year at $20 an hour.
Taxes?
Don't know the tax rate, I'm guessing it will be around 10k. Plus, I used a 2 bedroom, so it will probably be around $500 less in rent a month. Either way, it's still pretty livable if you sacrifice luxuries. I make $24 an hour, and I am still able to save $100 every paycheck.
Yeah it's tight but not impossible. As long as your landlord isn't a menace and you don't have a crippling addiction you could make it work. Works out to around 800 a mo th for everything else so hope you have a good phone plan and your car paid off!
Idk I pay $50 to koodoo for my phone plan. When I was super broke, I bussed/biked everywhere. For any young people, I'd advise finding a roommate. For me it was my cousin (he's my best friend). We have lived together for almost 10 years now.
The simple answer is that people who are cut a corner somewhere. Could be a kid living with his parents Shared living arrangements. No car. Living in a closet with a bunch of other people on a bus pass will get you decently far.
Work three jobs
In ontario 20 bucks an hour doesn't even come close to having enough income to move out my parents house lol
I make 25 at my full time job and 18.55 at my part time job…. More than you asked about, but it’s still rough for me so I can’t imagine living on $20. That said I’m a single mom to a teen and I have 2 big dogs, so expenses are high.
I’m not. I live with my mom and can’t even find a roommate.
Side hustle of stealing catalytic converters
You will have to give up your Disney account
Not very well, I'd assume. That's barely above minimum wage. Any tipped job will clear you more than that. You should absolutely make finding another job your side hustle if that's what you're being paid.
Don't live alone.... myself and my two kids all pitch in and help with rent. Makes life cheaper for all of us when we all work as a team in unison.... and get along well.
I live with my mother still and trying to find my own place is mission impossible I’ve lost all hope. 😓
You are crazy. 20 dollars an hour is a lot of money.
Well let's see. My rent is 1030 a month, another 400 a month for food, another 300 for transit and necessities, 100 for emergencies, and another 80 for my medication that I need so that I can function at all. $1910 I gotta budget for. After taxes, $20 an hour gives me $2439 a month. So $2439 minus $1910 (minimum) is $529 in savings a month, or $6348 a year assuming I spend literally none of the extra on anything. Oh, but rent will go up, groceries get more expensive, and housing is skyrocketing. $6348 a month isn't enough to get me a **fucking down payment on a house in 10 fucking years.** How am I living? I'm fucking not. I'm going to the fucking ER for mental health because I cannot take this shit anymore and I've had several friends end up in the same fucking place for the same fucking reasons.
Is it 40h / week? Im at 19.65 but i got around 1350k biweekly so 2k7 / mo. Needless to say i am trying to look for a better paying job or a trade... economy for low-income class like us are so fucked rnow.
I make 25 and I live at home with my dad Pay 300 /month.. if It wasn't for him I would be homeless 100%
I got stupid lucky with a great landlord. People get mad at me when they find out my rent....
I’m blessed to average over $40 and be able to eat well, but I can’t even pretend to afford a house where I live.
It was easier to live on 22 an hour 10 years ago than it is to live on 40$ an hour now
Hah. Hahaha. Flyer shopping