“See ya later, Mom and Dad!” Powerpoint by E. Munro.

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Presentation transcript:

“See ya later, Mom and Dad!” Powerpoint by E. Munro

 You are an 18-year-old student at Marc Garneau C.I.  You are about to graduate, and you want to work full-time for a year to save money for College  Your parents are moving to another city, but you want to stay in Toronto and live independently  You have a full-time job at Longo’s grocery store on Laird Drive in the Leaside Village plaza  To save the most money possible, rent budget maximum is $600/month

 My search criteria was:  T3 Zone in Toronto  Rent up to $599  Shared house, Bachelor or 1-Bedroom  Furnished or Unfurnished  Including basement apartments.

 Rent is within budget: $500/month  Rent includes Utilities (…Hydro, water, gas, etc.)  Also includes internet!  Private bedroom with hardwood floors  The room comes furnished with a Queen-sized bed.

 The Bathroom is shared with one other person.  No onsite laundry – must go to a local Laundromat.  “Canadian Coin Laundry & Dry Cleaner” is on Pape Avenue… a 15-minute walk away, or I can take the bus 10 mins.

 Shared home with 4 other “quiet professionals”  There is Parking  Common areas are the kitchen, brand-new deck, and large backyard!  The backyard slopes onto the Don Valley Ravine 

KITCHENHALLWAY/STAIRS GARAGE (for storage)

 By Bus: 8 minutes on the 56 Leaside bus

 Redway Road  Iqbal Halal Thorncliffe Park Drive  Food Overlea  Or… SHOP AT MY WORKPLACE, Laird Drive

 Shoppers Drug Pape & Cosburn (14-minute walk)  S. Walter Stewart Coxwell & Cosburn (18-minute walk)

 Scotia Pape & Gowan (14-minute walk)  TD Pape & Cosburn (15-minute walk)  CIBC Pape & Cosburn (15-minute walk)  Toronto East Coxwell & Mortimer (15-20 mins by bus)  Pape Medical Clinic Pape & Cosburn (15-minute walk)

 Frog’s Gym (20 minute walk)  Fight Club Martial Arts (1 minute walk)  Cross-Fit Quantum (15 minute bus ride)  All within 45 minutes by TTC:  SilverCity Yonge-Eglinton  Cineplex Eglinton Town Centre  Fairview Mall, Yorkdale Mall, Danforth Music Hall

 WORKING FULL-TIME (35/HOURS PER WEEK) AT $11.25/HOUR…  GROSS SALARY BI-WEEKLY IS $  NET SALARY IS $ (Taxes, CPP and EI are deducted)  TOTAL TAKE-HOME PAY PER MONTH = $

 INCOME = $  RENT = $500  SAVINGS = $500  That leaves $363/month for:  Cell phone (texts, data, calls)  Transportation (bus, taxis, rental cars)  Entertainment (gym, movies, shopping, concerts)  Laundry (detergent & coins for laundromat)  Hygiene products (shampoo, deodorant, etc.)

 That is more than enough to pay for the first year of a college program!  For example, Business Administration Project Management George Brown costs $3,467 per year.  The extra savings can be put aside for the following year’s tuition, and/or to supplement my income and costs while studying.