Cost of Liv­ing

What Toron­to­ni­ans make and how they spend it

Toronto Life - - Contents -

What he spenDs In a month

Rent $1,275 a month, in­clud­ing util­i­ties. “Liv­ing in Mis­sis­sauga, my girl­friend and I are both closer to work than we would be liv­ing in the city.” GRo­ceRies $0. His girl­friend pays for food and house­hold items while he cov­ers the rent. “That adds up to about half the cost of rent, but I earn dou­ble what she does, so we fig­ured it was a good split.” Gas $250 a month, for a 2011 Dodge Charger. caR in­suR­ance $183 a month. RenteR’s in­suR­ance $23 a month. Debt pay­ments $0. “I paid off all my stu­dent loans as soon as I could.” sav­inGs $2,000 a month. “I’m sav­ing for the near-im­pos­si­ble task of buy­ing a house.” ca­ble anD in­teR­net $74 a month, in­clud­ing a Net­flix sub­scrip­tion. cell­phone $40 a month, for a six-gig plan that his em­ployer sub­si­dizes. Din­inG out $250 a month, at restau­rants like Snug Har­bour and Colos­sus Greek Taverna. “Ev­ery cou­ple of weeks, my girl­friend and I go into Port Credit for a nice din­ner.”

Re­cent spluRges

hockey $350, for a sea­son in a rec league. WiRe­less in­teR­net RouteR $120. blue Jays Game $130. mu­sic fes­ti­val $180, for tick­ets and drinks at Burling­ton’s Sound of Mu­sic. mo­toR­cy­cle $1,750, for a used Suzuki GSX600F Katana that he found on Ki­jiji. “I used to ride dirt bikes. When my younger brother re­cently bought a mo­tor­cy­cle, I thought, ‘Okay, now I need one, too.’ ”

Newspapers in English

Newspapers from Canada

© PressReader. All rights reserved.