Haha yup, surprise guys! I'm back! Probably not for long though, so no need to worry :) I had this uber long blog written out but someone (wonder who? ;)) deleted it... basically I was just saying thanks for your emails and asking if anyone wanted to guest blog... are you people still up for it? Or anyone else out there want to guest blog on finance? It's really interesting! (not trying to be sarcastic!) Anywho, onto my blog post!
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It seems like everyone out there is worried about the financial situation out there now. And they're worried about us! In fact, some even think we caused the recession! According to this article our folks even "go back to the banker and take out a line of credit and maybe a second mortgage" because we "cost so much to maintain"! What a bite to swallow! This couldn't be true! No $#&!@ way! But lets think... could there be some truth to this article? I've collected a list of some teen's (not mine of course, pssh, no way! Why would you even think about that? ;)) monthly expenses and added them up below.
A month's expenses of the "single greatest cause of the global financial meltdown"
(aka us)
- Clothes - okay, depending on who you are, this may be the place where most of the money goes towards. Brand names are an "essential thing for young people", and cost quite a bit... This teenager (not me, I repeat, not me!!!) bought a pair of Lulu pants, two pairs of A&F shorts, two Hollister hoodies, and 4 tees at Aeropostale this month which adds up to... $500 ouch.
- Your cell phone bill - how often are you not texting every day? Considering there's national texting competitions now a days, that probably isn't very often. And those 15 cent messages add up... fast. Of course, with a student plan from Telus, this only costed $25!
- Food - yeah, I know we don't pay for our own meals, but I'm talking about things like that Pepsi (which is, by the way, better than Coke) and Kit-Kat bar you consumed after volleyball practice, the bag of chips you have every lunch, the slushies from Macs you grab with your pals on the weekends and who knows what else! Lets say Sam (I'm calling the teen Sam now) did exactly that. So $6 maybe every school day (6x5 for you math people out there) plus $4 every weekend (4x2) times around 4 weeks in a month gives us a total of... (wait, gotta grab my calculator :D) $152 whoa.
- Entertainment - like, the movies that Sam goes to with his friends every friday ($10), the concerts he goes to every month ($100)and stuff like that. If there were 4 fridays, then Sam would spend... $140 this month
- Gas - I don`t drive, so I`m not too sure how much this costs... (and I'm too lazy to google it) but let's put it at about 2 full tanks at $45 per fill up, so that makes $270 (I lied, I did google it ;))
So, all in all, 500 + 25 + 152 +140 +270 = $947 spent every month on you. That could very well be how much your folks monthly mortgage payments are... :O No wonder some parents are going with the $50 a month allowances now. Time to cut back a tad perhaps, hey?
By the way, if any of you want to guest post, leave a comment and we'll (I'll?) get back to you :)
