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01-03-2009, 03:04 PM
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#51 | | I don't get it either
Join Date: May 2005 Location: Richmond
Posts: 2,935
Thanked 198 Times in 62 Posts
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Originally Posted by aperfectcircle  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.
Last edited by Boostaholic; 01-03-2009 at 03:04 PM.
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01-03-2009, 03:10 PM
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#52 | | Diagonally parked in a parallel universe
Join Date: Nov 2005
Posts: 1,432
Thanked 14 Times in 10 Posts
Failed 21 Times in 7 Posts
| Quote:
Originally Posted by orange7 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
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01-03-2009, 03:38 PM
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#53 | | Banned (ABWS)
Join Date: Apr 2008 Location: bc
Posts: 411
Thanked 32 Times in 22 Posts
Failed 607 Times in 60 Posts
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Originally Posted by Boostaholic 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?
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01-03-2009, 04:13 PM
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#54 | | I contribute to threads in the offtopic forum
Join Date: Jul 2002 Location: The Riv (CR)
Posts: 2,661
Thanked 78 Times in 29 Posts
Failed 0 Times in 0 Posts
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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. 
__________________
08 Mazdaspeed 3
15 Lincoln MKC 2.3L Ecoboost
07 RAV4 Limited V6 *Sold*
90 CRX *Sold*
B16A, larger throttlebody and wires, lowered, 16" rims, front and rear upper strutbars, intake, white gauges, cross drilled brakes, exhaust, other small mods
05 Escape Limited *Sold*
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01-03-2009, 04:34 PM
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#55 | | My homepage has been set to RS
Join Date: Jan 2004 Location: Van
Posts: 2,050
Thanked 192 Times in 118 Posts
Failed 49 Times in 32 Posts
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^ now that's ballin' Quote:
Originally Posted by Boostaholic 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.
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01-03-2009, 06:43 PM
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#56 | | Rs has made me the man i am today!
Join Date: Aug 2007 Location: Richmond
Posts: 3,469
Thanked 1,437 Times in 376 Posts
Failed 53 Times in 21 Posts
| Quote:
Originally Posted by Boostaholic interestingly, the same job in the State is about 10k higher in salary across the board. | and it's in USD as well. lol
__________________ '00 Honda Accord V6 [sold]
'95 BMW 325i Cabriolet [RIP]
'03 VW Jetta 1.8T [RIP]
'06 BMW 330i [RIP] '02 BMW M3 '99 Honda Civic SIR [sold] '19 Civic Type R[sold] '22 MINI Cooper SE My Photojournal: simplexcars | |
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01-03-2009, 08:06 PM
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#57 | | 14 dolla balla aint got nothing on me!
Join Date: Feb 2005 Location: 604
Posts: 682
Thanked 8 Times in 4 Posts
Failed 2 Times in 2 Posts
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$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)
__________________
1967 Chevrolet Camaro Blue on Black
2008 Infinti G37S Coupe 6-Speed Blue Slate on Stone
2012 Suzuki SFV-650 White/Black
Last edited by Westcoast67; 01-03-2009 at 08:14 PM.
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01-04-2009, 12:00 AM
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#58 | | Banned (ABWS)
Join Date: Oct 2006 Location: MacLeod
Posts: 7,298
Thanked 542 Times in 289 Posts
Failed 1,639 Times in 418 Posts
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how much do you ppl spend on underwear anually?
I actually spend a lot.. never realized that until now...
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01-04-2009, 01:53 AM
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#59 | | I contribute to threads in the offtopic forum
Join Date: May 2004 Location: Vancouver
Posts: 2,876
Thanked 0 Times in 0 Posts
Failed 0 Times in 0 Posts
| Quote:
Originally Posted by Boostaholic 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)
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01-04-2009, 01:58 AM
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#60 | | What hasn't Killed me, has made me more tolerant of RS!
Join Date: Nov 2008 Location: ...
Posts: 187
Thanked 5 Times in 5 Posts
Failed 2 Times in 2 Posts
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Originally Posted by orange7 how much do you ppl spend on underwear anually?
I actually spend a lot.. never realized that until now... | L O L
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01-04-2009, 10:26 AM
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#61 | | Unauthourized Spammer
Join Date: Jun 2005 Location: .
Posts: 494
Thanked 64 Times in 20 Posts
Failed 0 Times in 0 Posts
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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.
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01-04-2009, 05:25 PM
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#62 | | I don't get it either
Join Date: May 2005 Location: Richmond
Posts: 2,935
Thanked 198 Times in 62 Posts
Failed 169 Times in 28 Posts
| Quote:
Originally Posted by Chuck Norris 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.
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01-04-2009, 05:43 PM
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#63 | | Willing to sell a family member for a few minutes on RS
Join Date: Feb 2005 Location: Surrey
Posts: 12,760
Thanked 689 Times in 376 Posts
Failed 61 Times in 38 Posts
| Quote:
Originally Posted by orange7 how much do you ppl spend on underwear anually?
I actually spend a lot.. never realized that until now... |  I wear FTL from walmart, its fuckin underwear, not like anyone is gonna see  | |
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01-04-2009, 06:27 PM
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#64 | | i like gifs
Join Date: Dec 2001 Location: imgur
Posts: 27,179
Thanked 7,785 Times in 2,695 Posts
Failed 4,294,967,295 Times in 169 Posts
| Quote:
Originally Posted by orange7 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
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01-04-2009, 06:46 PM
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#65 | | WOAH! i think Vtec just kicked in!
Join Date: May 2005 Location: vancouver
Posts: 1,620
Thanked 218 Times in 59 Posts
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Originally Posted by Mr.HappySilp 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?
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01-04-2009, 07:00 PM
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#66 | | WOAH! i think Vtec just kicked in!
Join Date: Oct 2005 Location: Vancouver
Posts: 1,650
Thanked 348 Times in 165 Posts
Failed 127 Times in 56 Posts
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what life man? WoW is the life man lol
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01-04-2009, 08:21 PM
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#67 | | I subscribe to Revscene
Join Date: Nov 2006 Location: Space
Posts: 1,990
Thanked 612 Times in 193 Posts
Failed 75 Times in 34 Posts
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Originally Posted by Carl Johnson what life man? WoW is the life man lol |  | |
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01-04-2009, 08:28 PM
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#68 | | I Will not Admit my Addiction to RS
Join Date: Dec 2006 Location: Richmond
Posts: 519
Thanked 1 Time in 1 Post
Failed 22 Times in 2 Posts
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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: $250
Last edited by LemonH2O; 01-04-2009 at 08:29 PM.
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01-04-2009, 09:12 PM
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#69 | | Banned (ABWS)
Join Date: Nov 2006 Location: 6o4
Posts: 442
Thanked 1 Time in 1 Post
Failed 1 Time in 1 Post
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Full Time Student / Pt. Automotive Tech.
-live wid parents still 17 LOL
Income: 1900-2100$ 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?
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01-04-2009, 09:28 PM
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#70 | | I Will not Admit my Addiction to RS
Join Date: Aug 2007 Location: vancouver
Posts: 511
Thanked 28 Times in 15 Posts
Failed 53 Times in 12 Posts
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Originally Posted by slickk6o4 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?
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01-04-2009, 09:44 PM
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#71 | | Banned (ABWS)
Join Date: Apr 2008 Location: bc
Posts: 411
Thanked 32 Times in 22 Posts
Failed 607 Times in 60 Posts
| Quote:
Originally Posted by PrincessPeiPei 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. | |
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01-04-2009, 10:05 PM
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#72 | | Willing to sell a family member for a few minutes on RS
Join Date: Feb 2005 Location: Surrey
Posts: 12,760
Thanked 689 Times in 376 Posts
Failed 61 Times in 38 Posts
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Originally Posted by T.H.C |  | |
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01-04-2009, 11:30 PM
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#73 | | Banned (ABWS)
Join Date: Apr 2004 Location: Vancouver
Posts: 2,000
Thanked 23 Times in 16 Posts
Failed 21 Times in 11 Posts
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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. | |
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01-05-2009, 09:15 AM
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#74 | | I keep RS good
Join Date: May 2001 Location: Cosmos
Posts: 28,736
Thanked 5,599 Times in 1,524 Posts
Failed 889 Times in 301 Posts
| Quote:
Originally Posted by Chuck Norris 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  HAHA
income: sky's the limit
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01-05-2009, 09:25 AM
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#75 | | RS.net, helping ugly ppl have sex since 2001
Join Date: Oct 2004 Location: Burnaby
Posts: 9,441
Thanked 2,377 Times in 445 Posts
Failed 601 Times in 94 Posts
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^hahahaha
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