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Minimum Wage Project

Kenzie Briner

Created on February 16, 2023

Learning how to live and budget while on minimum wage.

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Transcript

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Living on Minimum Wage

Go!

Can you survive on minimum wage?

Before the project

Before I started this project, I thought that you could survive on minimum wage. However, doing this project has changed my insight and mind on how living on minimum wage works

Low Cost Renting

The place I found that had a low cost is in a complex in surrey 80th ave 137 A street. It is nearby restaruants and shops and no pets are allowed. The monthly cost is 1000$ a month.

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80 Ave & 137a St, Surrey, BC V3W 9R7 1 Bedroom House for $1,000/month - Zumper​+ info

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Middle cost Rent

The place I would rent from for middle cost rent is in Surrey/Langley and the adress is 7079 195A Street. I would most likely live there and also has a bus station 3 minutes away. The cost is 1,400$ per month.

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+ iBasement of House for Rent - apartments / housing for rent (craigslist.org)​nfo

High Cost Renting

The place I chose for high cost renting is in Surrey Central 1B1B Premium Apartment (Surrey)​. The cost is 2,050$ a month and has airconditioning and is close to the sky train. I probably wouldn't stay here. ​

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+ info https://vancouver.craigslist.org/rds/apa/d/surrey-inner-northwest-surrey-central/7580319494.html

Low Cost transportation

The car I chose that had a low cost is the Mazda CX5 2022​. The mieage is 3,200 km and is 4,000$. It is a used car. It costs 89$ per month. ​

+ info https://vancouver.craigslist.org/van/cto/d/vancouver-mazda-cx-lease-take-over/7580324431.html

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Middle Cost Transportation

The car I chose as my middle cost transportation is patriot sport jeep 2008. It is a new car and has a mieage of 174,000 km. It is 8,869$. The cost per month is 196$.

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+ info https://vancouver.craigslist.org/rds/ctd/d/surrey-northeast-2008-jeep-patriot/7580350204.html

High transportation cost

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The car I chose for high transportation cost is a 2015 Nissan LEAF SL. It is 19,950$ and has a mieage of 140,000 km. The cost is 442$ per month.

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+ info https://vancouver.craigslist.org/bnc/cto/d/burnaby-2015-nissan-leaf-sl-with/7582847700.html

Car insurance and Bus transportation

Bus transportation

Car Insurance: Men

Car insurance: Women

Men pay moreLow: 180$ Middle: 276$ High: 366$ https://www.finder.com/car-insurance-rates-by-gender

Women pay lessLow: 144$ Middle: 220$ HIgh:292$ https://www.finder.com/car-insurance-rates-by-gender

You have to pay 116$ a month. https://www.tripsavvy.com/toronto-ttc-fares

Car insurance Part 2

Married

Age

Single

Married couples pay less for car insurance.Car Insurance Rates: Married vs. Single - Policygenius

The age that pays most for car insurance is 16-24.https://www.carinsurance.com/average-rates-by-age.aspx#:~:text=1%20The%20most%20expensive%20dri.

Single people pay more for car insurance Car Insurance Rates: Married vs. Single - Policygenius

Utilities cost per month

Water

Trash Collection

Gas/Electric

The cost per month for trash collection is 45$. https://www.thepricer.org/garbage-pickup-cost/

The cost per month is 118.5$.

The cost per month is 72.93$.https://www.moving.com/tips/how-much-does-the-average-water-bill-cost/

https://www.electricrate.com/data-center/average-energy-bills/

Grocery cost per month

Low Cost Women: 247$ Men: 290$ Stores: No Frills and Walmart

High Cost Women: 368$ Men: 423$ Stores: Henlong market and the British Store

Moderate Cost Women: 300$ Men: 370$ Stores: Superstore and Safeway

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Clothing Cost per month

Cheap places to shop are Designer Depot and NIke factory store. Some Moderately priced places to shop are Ardene, Gap, and Old Navy. Expensive places to shop are Pistachio Boutique, Garage, and Aritzia.

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Pet costs per month

Cats or dogs?

The cost for dogs per month is 100$. https://puppylists.com/The cost per month for cats stretches from 55-100$ a month. https://excitedcats.com/price-of-having-cat-in-canada

Miscellaneous

Personal Necessities The monthly cost is 45$

Incidentals The monthly cost is 75$

School Tuition The monthly cost is 587.5$

School Supplies The monthly cost is 250$

Cable, Internet and Phone cost per month

Internet Only Company

Cable only Company

Cell Phone company

The company I chose is Amazon. The monthly cost is 39.99$. Amazon.com

The company I chose is Telus. The monthly cost is 25$.Telus.com

The company I chose is Telus. The monthly cost is 25$.Telus.com

Streaming Services

The two streaming services I would use would be Netflix and Amazon Prime. Both of these costs 14.99$ a month.

+ info https://www.refinery29.com/en-ca/2020/10/10139339/netflix-r

Findings

When adding up all the amounts, I ended up with the number 2,987.5$. That is quite alot over minimum wage. I did not make it in the money frame. I thought it was much easier to live on minimum wage. I also think it is scary to live on your own.

Pros and Cons of living by Yourself

  • You have a space to your own
  • Dont have to worry about keeping a clean space all the time
  • You can set your own rules in your own home
  • You have to pay the full bill, can't share
  • It is scary to live by yourself/scary to sleep alone
  • always stressed about money and working

Did you find This Project Valuable

Conclusions

I did end up finding this project very valuable because it has opened my eyes to see how hard it really is to live on minimum wage.

In conclusion, I learned that it is vey hard to live on minimum wage.