But don't lose all hope, because Chelsea came through with some money-saving grocery tips for people in Vancouver to make it happen too. Another questioned, "$300 a month for groceries?"Ĭonsidering people are finding $12 cauliflower in stores, that's fair. "How only $300/month on groceries □," one person wrote. People in the comments were shook by Chelsea's cheap grocery budget. Roommates or choosing to live a little outside downtown can help cut this down though. According to Numbeo, the average single person in Vancouver can expect to spend $1,315 a month, plus an additional $2,419 to rent a one-bedroom in the city centre. It’s totally possible, but you have to be organized and strict! □□ I had a lot of fun doing this breakdown, let me know if you want me to do any other salaries!!□ #budgetbreakdown #budgetingtiktok #vancouverlife #vancouvertok #millenialmoney #financialtiktok #financialliteracy101 #moneytiktok #spendingbreakdown #salarybreakdown #503020ruleīut if you're living alone that can go up. $270 on savings (debt, emergency fund, and is how I would budget a $40,000 salary living in Vancouver.$405 on shopping, eating out, and activities. For a $40,000 salary, taking home about $2,700 a month, this would break down monthly to mean: Instead, Chelsea suggested going by a 75/15/10 rule of thumb. With Vancouver rent, this isn't realistic a lot of the time. The first piece of advice? She said to throw out the old-school 50/30/20 rule (which means 50% of your income should go to needs, 30% to wants and 20% to savings). She told Narcity that she used to make that salary, and still managed to save despite living in downtown Vancouver - so wanted to share how to do it. How much does it cost to live in Vancouver?Ĭhelsea got real about how she would budget on a salary of $40,000 in Vancouver. In times like these, it's definitely appreciated. People feeling the struggle of rising grocery costs in Canada were shocked to find out she only budgets $300 per month for it, so Narcity got some tips from the TikToker, on how she makes it happen - and it could save you some serious cash.Ĭhelsea told Narcity that her goal is to "share financial tips that will help everyday people, so they can feel in control of their money." *This calculator can be exported to other websites – follow these simple directions to embed it on your own site.Vancouver's cost of living is no joke, and this TikToker broke down what a realistic budget is for someone making around $40,000 a year living in the pricey city. Note: cost of food at restaurants and costs for school meals are not included in the grocery budget calculator. Summed the adjusted food costs for each family member to get the cost of food at home for the household.7- (or more) person- subtract 10 percent.An adjustment is made for household size:.
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