Sometimes it may feel like we’re being gouged
But if we adapt to our surroundings we should be able to live the lifestyle we want on a relatively modest income Luckily I live in what is arguably one of the most affordable cities in the world – Vancouver, B.C. Canada. I currently make more than $3,000 a month from my 2 jobs combined, but if we exclude my consumer/investment debt-related expenses for the moment, my total cost of living each month is less than $1,500. Here’s the breakdown.
Housing related $800
This budget doesn’t feel restrictive because it’s so darn cheap to live here
I don’t even try to be thrifty. Things are just naturally cheap in Vancouver. As I’ll explain below, there is probably no other major city in Canada or the U.S. where I can buy the same degree of security, freedom, opportunity, and general quality of life as I have today, for just $1,500 a month.
Trying to pay for a roof over our heads in large cities like San Francisco or New York City (where the average rent is over $3,000/month.) can be financially challenging But not in Vancouver (^_^) With interest rate so low my monthly mortgage payment on my 800 sq ft condo is less than $900/month
There are lots of cheap options for renters too. Here’s a one bedroom apartment recently listed. It’s only $875 per month and has a really high Walk Score.
Here’s another 1 bedroom suite I found on craigslist recently for just $675 a month.
I hear 1 bedroom suites in Calgary and Toronto (outside city centers) normally rent between $1,000 to $1,200 a month. Phew (^_^;) Glad I don’t live in those expensive cities
Eating well can be quite costly. But not in Vancouver (^_^) I can usually buy 2 full bags of groceries for about $10 at discount produce markets.
Restaurant food and other prepared dishes are cheap too At Yamato Sushi in downtown for example, you can get a 22 piece assorted sushi combo including soup for just $5.95! How are they still in business?
Food courts and bakeries across Metro Vancouver usually drop their prices a lot before they close for the day Often $4 can buy 2 full take-out boxes of food that can last me a full day lol.
Supermarkets like Loblaws and its franchises (Superstore, t&t, etc) will often mark down their pre-packaged foods in stages starting in the late afternoon. Each hour or so lower priced stickers would be applied.
This is the perfect opportunity for busy people like myself, who may not always have time to cook, to conveniently grab something cheap and easy for dinner