1.2 Living Expenses

Here, we will be going over expenses that are considered basic needs such as rent, bills, food, and more. The importance of budgeting will teach you how to save enough money so that you can meet these payments. To wrap things up, we will have a small quiz to test your knowledge.

Quiz

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1.2 Living Expenses Quiz

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1. Canadians owe $1.78 for every dollar of income they earn.

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2. Which of the following would NOT be considered a living expense?

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3. 55% of Canadians say they have more debt compared to 5 years ago.

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4. Personal care items such as toiletries and other miscellaneous items are considered living expenses.

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5. What is the average rent for a one-bedroom place in Vancouver?

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