Budget Project: Jack Shang and Bardia

Hassanalizadeh
I am Bardia Hassanalizadeh. After I graduated Port Moody
Secondary and got an IB diploma, I now work as a IT technician at Wan
industries.

Jack is my high school friend who went to MIT. He studied at MIT

and graduated with a major in engineering. Now he is working at an
engineering company in downtown Vancouver called Wang Industries
and has a great opportunity in the very near future to become an
executive, from which point on he will start my own company. We rent
an apartment together, and we split the costs of living.

Income:
-Jack has an annual income of $44449 before tax and $35673 after tax
(-$8776).
-Bardia has an annual income of $35200 before tax and $28895 after tax
(-$6305).
All dollars are Canadian.
Rent Expenses:
The apartment would need a $2600 negotiable monthly rate,
assuming we do negotiate a lower price that would be about the same
as the utilities fee, each of us will have to pay $1300 a month which
comes down to $15600.

Furnishing and appliances:

1. South shore step one platform bed queen sized bed each 199.42
2. $241.9 for half of sofa bed
3. $64.4 for half of dinner table
4. $137.99 for half of 4 dinner chair set (2 chairs)
5. $160.62 for half of TV stand
6. $322.54 for mattress
7. $90.7 for night stand

=$1217.57 per person

Food Expenses: $4100 per year, $2050 each
The expense costs are based largely on food preferences and the
average annual food costs of a four person family with a $40,000 before
tax income ( approx 10%). We have estimated our food cost to be that of
an average family of four because both Jack and I are active individuals
with large appetites.

Eating at a restaurant 2 times per month. $50x12= $600

Eating fruits and vegetables (non organic), buying in bulk $1500 per
year
Eating proteins such as: Chicken, Pork, Beef, Fish $1000 per year
Eating lots of carbs (bread, rice) $1000 per year

Transportation Expenses:
Bike
$174.99
Helmet
$29.99
Bus
$10 dollar limit a month for compass card
=$120 per year

Household expenses:
Garbage bags: $9.97 for 100 large bags. We will buy 200 bags for $19.94 annually.
19.94/2= $9.97 per person without tax.
=$10.67 per person annually (tax included)

Tissue papers
=$12.49 per box
3 boxes out at a time
7 boxes per month.
84 boxes annually
= 7x 12.49
=$87.43 annually
=43.71 annually per person

Lightbulbs
$4.78 for four light bulbs.
=$6.67 with tax
5 light bulbs per 250 square feet.
850 square feet in our house
850x5/250= 17
We initially need 17 light bulbs
The average light bulb lasts for 10,000 hours, meaning 17 lightbulbs is sufficient for
one year.

17x6.67= $113.39
= $56.69 per person annually

Tinfoil
$5.78 per 100 ft
=$2.89 per person annually

Plastic wrap
5.87 per box
2 boxes annually
$5.87 per person annually
Cutlery
$56.69
= $28.35 per person

Plates
$28.17 per 6 plates
12 plates= $56.34
=$28.17 per person

Pans
$27.05 for 2 frying pans
=$13.52 per person annually

=$189.87

Hygiene

Toothbrush=$4.23
Razor $25
Shampoo $2.94 per month
=35.28 annually USD annually
= $45.9 CAD
=$22.95 CAD for half the cost
Body soap
$29.96 per 2 months
$179.79
=$89.9 for half of annual cost of soap

Toothpaste=
$5.96 per month
=71.52 annually
=35.76 for half the cost

Toilet paper
$13.87 per 3 months
$55.48 per year
$27.74 for half the annual cost
Total= $199.58 per person
Personal Items, Entertainment and Recreation:

Bandaids, bandages, medkit, and other medical supplies estimating

$100 a year per person.

Under Armour Hustle 3.0 backpack $32.50 per person.

Thermos 18 oz stainless steel water bottle $20 per person.

Hamilton beach compact glass kettle $40, $20 per person.

Netflix $14 per month, $168 a year, $84 per person.

Apple music $99 a year, $49.5 per person.

$50 a month for entertainment (bowling, basketball, movies, etc.) each

person, $600 a year per person.

=$906 a year per person

Clothing:
Jack-Needs a shirt (~$25), a pair of pants of choice (~$25) every 2
months, 12 pairs of socks a year (~$25), 6 pairs of drawers a year
(~$15) and 2 pairs of shoes a year (~$200). Will also take out $100 for
any extra/luxurious clothes I potentially might buy.
Bardia- Needs a shirt (~$25) every month, a pair of pants of choice
(~$25) every 4 months, 12 pairs of socks a year (~$25), 6 pairs of
drawers every 6 months (~$30) and 1 pair of shoes a year (~$100). Will
also take out $100 for any extra/luxurious clothes he potentially might
buy.
=$390 for Jack, $305 for Bardia

Budget Excel sheet attached below.