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-   Vancouver Off-Topic / Current Events (https://www.revscene.net/forums/vancouver-off-topic-current-events_50/)
-   -   The VOT MONTHLY EXPENSES threaD! (https://www.revscene.net/forums/559077-vot-monthly-expenses-thread.html)

Boostaholic 01-03-2009 02:04 PM
Quote:
Originally Posted by aperfectcircle (Post 6203702)
I rarely hear of starting EITs making 55K, unless they work at BC Hydro. 40-45 is more accurate
I remember 55k for electrical engineering was the stats I saw some where. I don't know where I saw it but with a quick search on google. according to this website for EIT(engineering in training):


http://www.payscale.com/research/CA/...g_(EIT)/Salary

Electrical engineering EIT is at 52k a year in canada.

interestingly, the same job in the State is about 10k higher in salary across the board.

http://www.payscale.com/research/US/...g_(EIT)/Salary

Whats the income tax is like in the states? do they get taxed less? maybe I should move to the states.

Drift_Monkey 01-03-2009 02:10 PM
Quote:
Originally Posted by orange7 (Post 6203418)
you know what?
I think you forgot to calculate some important variables..

such as electrical bill, and gas bill? unless that is included in the rent..

but with the saving, you won't have enough money when you need it for emergency..
such as vacations, new snow tires, ICBC deductable, tickets, etc. etc..
shits happen all the time, and you need to be prepared to shell out money..
exactly....

i'm glad i've saved up some for the icbc deductible.

theives should have their hands chopped off

diesel_test 01-03-2009 02:38 PM
Quote:
Originally Posted by Boostaholic (Post 6203228)
I'm still in school but will be graduating soon. I did a estimate of how would I spend all my money.

Occupation: Electrical Engineer
Salary: $55,000 (average)
Salary after tax: $42,000
Monthly Pay: $3500

Rent: $1500
Car payment: $400
Car insurance: $250
Gas: $200
Internet/Cellphone: $100
Food: $600
Everyday stuff: $100
Monthly saving: $100
----------------------------
Monthly expense: $3250

Money left over for cloths, toys, entertainment, partying... : $250 (thats not enough)

55grand seems alot but after a quick estimate I will still be pretty poor living on paycheck to paycheck if I want to sustain any kind of ok life style.

How does everyone here spend their salary or will be spending their salary?

why is your rent so high?

CRX SiR 01-03-2009 03:13 PM
3rd Year Electrician Apprentice

Take home $4000 a month after taxes and deductions

Rent : 0 (live in a company paid for appartment)
Car Payment : $600
Insurance : $110
food : $500
Misc : $800+


And the leftover ends up in my savings account towards a house i wanna buy in a year or so back on the coast. :)

goo3 01-03-2009 03:34 PM
^ now that's ballin'

Quote:
Originally Posted by Boostaholic (Post 6203957)
Whats the income tax is like in the states? do they get taxed less? maybe I should move to the states.
Their market is better. Same with Ontario. More big companies = better pay.

Simplex123 01-03-2009 05:43 PM
Quote:
Originally Posted by Boostaholic (Post 6203957)
interestingly, the same job in the State is about 10k higher in salary across the board.
and it's in USD as well. lol

Westcoast67 01-03-2009 07:06 PM
$1200 Investments (equity MFs)
$100 RRSP
$150 Investment (stock PAC)
$600 Mortgage (have roommate)
$350 Food/Gas
$100 Keep Visa paid
$xxx Cash acct (whatevers left)

orange7 01-03-2009 11:00 PM
how much do you ppl spend on underwear anually?

I actually spend a lot.. never realized that until now...

scheng924 01-04-2009 12:53 AM
Quote:
Originally Posted by Boostaholic (Post 6203957)
I remember 55k for electrical engineering was the stats I saw some where. I don't know where I saw it but with a quick search on google. according to this website for EIT(engineering in training):


http://www.payscale.com/research/CA/...g_(EIT)/Salary

Electrical engineering EIT is at 52k a year in canada.

interestingly, the same job in the State is about 10k higher in salary across the board.

http://www.payscale.com/research/US/...g_(EIT)/Salary

Whats the income tax is like in the states? do they get taxed less? maybe I should move to the states.
you don't get taxed less or more,
in simple terms, you pay the more expensive of the two, which usually means you pay the canadian taxes.. and it also depends if you lived the full year in the US as well

but b asically you pay the more expensive one of the two

don't think living in the states is a whole lot cheaper as well, it adds up and comes to around the same thing, unless the company you work for covers you for living cost and medical (the most important one)

acyx 01-04-2009 12:58 AM
Quote:
Originally Posted by orange7 (Post 6204744)
how much do you ppl spend on underwear anually?

I actually spend a lot.. never realized that until now...
L O L

Chuck Norris 01-04-2009 09:26 AM
Car Insurance $80
Rent $400
Food $400
Entertainment $300
Gas $200
Mortgage $300
RRSP $1700
Investment Loan$2600

$6000 per month expenses but I get some money back from the RRSP contribution and the investment loan is interest only so it is tax deductible. The mortgage listed generates cash flow of about $200 so really my expense is around $5800. Phone and all bills are paid for by the company, I am renting at a friend's and I drive a piece of shit.

I am very very aggressive with savings as I have no idea when my good fortune with work may end.

Boostaholic 01-04-2009 04:25 PM
Quote:
Originally Posted by Chuck Norris (Post 6205164)
Car Insurance $80
Rent $400
Food $400
Entertainment $300
Gas $200
Mortgage $300
RRSP $1700
Investment Loan$2600

$6000 per month expenses but I get some money back from the RRSP contribution and the investment loan is interest only so it is tax deductible. The mortgage listed generates cash flow of about $200 so really my expense is around $5800. Phone and all bills are paid for by the company, I am renting at a friend's and I drive a piece of shit.

I am very very aggressive with savings as I have no idea when my good fortune with work may end.

what do you do man? 6000 a month after tax is like 100g a year.

hotjoint 01-04-2009 04:43 PM
Quote:
Originally Posted by orange7 (Post 6204744)
how much do you ppl spend on underwear anually?

I actually spend a lot.. never realized that until now...
:haha: I wear FTL from walmart, its fuckin underwear, not like anyone is gonna see :D

Ch28 01-04-2009 05:27 PM
Quote:
Originally Posted by orange7 (Post 6204744)
how much do you ppl spend on underwear anually?

I actually spend a lot.. never realized that until now...
it's called wiping your ass properly

rslater 01-04-2009 05:46 PM
Quote:
Originally Posted by Mr.HappySilp (Post 6203767)
Not if you are like me. Get up, go to work, come home after work, stay home and play some Wii WoW, then go to sleep.

On days off stay home play WoW and never go out. Yes life is boring but at least you save a lot of money.
But is this how you want to look back on your life? Do you really want money to dictate the experiences that life brings to offer?

Carl Johnson 01-04-2009 06:00 PM
what life man? WoW is the life man lol

$_$ 01-04-2009 07:21 PM
Quote:
Originally Posted by Carl Johnson (Post 6205814)
what life man? WoW is the life man lol
:buttkick:

LemonH2O 01-04-2009 07:28 PM
monthly income: $2800
car payment: $400
rent: none -- parental unit
gas: $160
insurance: annual
food: $400 (roughly)
starbucks: $100 (kind of sick)
entertainment: $120
mis. things/random shopping: $250

slickk6o4 01-04-2009 08:12 PM
Full Time Student / Pt. Automotive Tech.
-live wid parents still 17 LOL

Income: 1900-2100$ after taxes (part time)

Eating Out: 400$
Liqs:300$
Smokes/Bud:150$
Phone:120$

About 1000$ into my savings for a car or a downpayment after i graduate?

teaoh 01-04-2009 08:28 PM
Quote:
Originally Posted by slickk6o4 (Post 6206065)
Full Time Student / Pt. Automotive Tech.
-live wid parents still 17 LOL

Income: 1900-2100$ after taxes (part time)

Eating Out: 400$
Liqs:300$
Smokes/Bud:150$
Phone:120$

About 1000$ into my savings for a car or a downpayment after i graduate?
what is that? yearly income im guessing?

diesel_test 01-04-2009 08:44 PM
Quote:
Originally Posted by PrincessPeiPei (Post 6205985)
monthly income: $2800
car payment: $400
rent: none -- parental unit
gas: $160
insurance: annual
food: $400 (roughly)
starbucks: $100 (kind of sick)
entertainment: $120
mis. things/random shopping: $250
you save $1500 a month then.:)

hotjoint 01-04-2009 09:05 PM
Quote:
Originally Posted by T.H.C (Post 6205973)
:buttkick:
:lol

ctsport 01-04-2009 10:30 PM
Don't drive and you'll save a lot of money and headache. Live as close to work as possible to save on time. I am on a student budget and manage to save a bit every month and I feel much freer by not having a car. :D

Ulic Qel-Droma 01-05-2009 08:15 AM
Quote:
Originally Posted by Chuck Norris (Post 6205164)
Car Insurance $80
Rent $400
Food $400
Entertainment $300
Gas $200
Mortgage $300
RRSP $1700
Investment Loan$2600

$6000 per month expenses but I get some money back from the RRSP contribution and the investment loan is interest only so it is tax deductible. The mortgage listed generates cash flow of about $200 so really my expense is around $5800. Phone and all bills are paid for by the company, I am renting at a friend's and I drive a piece of shit.

I am very very aggressive with savings as I have no idea when my good fortune with work may end.
hey buddy, i think you're hiding some info from the rest of RS :p HAHA

income: sky's the limit

Alphamale 01-05-2009 08:25 AM
^hahahaha


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