My budget plan

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1. My Budget Plan Connor Gaudreau

2. FOOD TALKING WITH FRIENDS FROM COLLEGE, MOST OF THEM SAID THEY SPENT AROUND 200$ ON GROCERIES Shopping at IGA: Milk: 24$ Cheese: 12$ Fruit: 31$ Vegetables: 42$ Cereal: 14$ Sliced Bread: 10$ Meat: 60$ Crackers: 22$ Eggs: 6$ Packaged Meals: 20$

3. Using this shopping list, my food budget ends up at 241$, 41 dollars over the limit. However, two things I could use to cut back on food prices are utilize sales and coupons, which on average cost me 20% less, and change my proteins from meats to legumes, which is on average 25% cheaper tan beef. If I try hard to do these two things, I could go back to spending 200$ on food. SAVING MONEY ON FOOD Cost of Food: 200$ Money Left: 300$

4. Clothes The Us Department of Labour says the average person spends 72 dollars a month Cost of Clothes: 65$ Money Left: 235$ However, women need more clothes than men, meaning that women inflate the average, and men probably spend a bit less. As well, I am by no means stylish, and am quite content to wear inexpensive clothes. Therefore, I will be slightly under the national average.

5. The monthly Kelowna Bus Pass is 67$ I do not need a car, as I plan on busing and biking to school. Pretty much everywhere I go is on a bus route or within biking distance to my house, so I am not worried about not having a car. However, I will set aside 15$ in case I need a taxi at some point. Cost of Transportation: 82$ Money Left: 153$

6. Phone Plan:45$ Internet: 70$ Cost of Bills: 115$ Money Left: 38$ I currently pay 45$ for my phone plan. The 70$ is the cheapest high-speed internet I could find in Kelowna.

7. What Can I buy for 38$? This is where my needs definitively turn into wants. I NEED food and clothes. It would be INCREDIBLY USEFUL to have transportation, a phone bill and internet. Although this would not be ideal, I could survive off of only this. Everything else I could buy is not necessary, it would just be for my own enjoyment or benefit. However, things I would like to spend money on are coffee, eating out, computer parts, and movies. Alternatively, I could save this money and spend it on something in the future. Regardless, I would not be able to afford many things living off of 500$ a month and if not for the internet, I would be living a pretty austere life. In summary, this budgeting excursive was a real eye-opener for me, showing the importance of managing money.