Grazing Rites

Here’s the challenge: Isolate one month in your bank accounts (i.e. chequing, Visa), I used June. Then start putting all of your expenditures into categories. Add them up, compare them with the total. Find out where your money is going.

I grouped my expenses into 7 categories, two of which break down into sub-categories.

Rent - 37%

Food - 35%
This category broke down into…
-Eating Out at 16% (Red Robin, Cactus Club, BP, Milestones)
-Fast Food at 14% (Subway for lunch at work, picking up McDonald’s or Pizza on the way home, food court)
-Groceries at 5% (Buy Low, Safeway, Superstore, Save-On)

Entertainment - 10%
This category broke down into…
-Cable TV at 8%
-Books at 2%
-Movies at 1%

There was a 3-way tie for 4th…
Transit, Appearance, and Gifts all at 5% each

Cell Phone - 3%

These figures obviously don’t account for purchases made in cash, those generally tend to be of the food and entertainment variety I should think.

I would be very curious to see what other people come up with, hopefully someone (or a few someones) will step up and take the challenge!

This entry was posted on July 13, 2007 at 10:56 am and is filed under Economics. You can follow any responses to this entry through the RSS 2.0 feed. You can skip to the end and leave a response. Pinging is currently not allowed.