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Review on expenses 1997 - 2001

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However, London is included for June August, 1999. ... Including all expenses for foodstuffs bought in e.g. supermarkets etc. School. ... – PowerPoint PPT presentation

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Title: Review on expenses 1997 - 2001


1
Review on expenses 1997 - 2001
  • Lund London Montreal Marseille

Peter Platan
2
Definition of terms
  • These figures cover the time period of 1.9.1997
    31.12.2001 with the exception of summer periods
    (June-August). However, London is included for
    June August, 1999.
  • The time period during which observations have
    been made includes 43 months in total.
  • All figures are in EUR and have been converted
    from local currencies. Exchange rates above.
  • Expenses have been classified in 9 categories
  • Accommodation. Including rental expenses and all
    expenses related to accommodation such as
    electricity, water, telephone and heating
    expenses.
  • Food. Including all expenses for foodstuffs
    bought in e.g. supermarkets etc.
  • School. Including all expenses related to
    education such as books, copy fees, possible
    tuition etc.
  • Clothing. Including expenses for clothes.
  • Party. Relates to expenses for restaurants, night
    clubs, drinks, alcohol, entrance fees etc.
  • Sports. Expenses related to hobbies such as
    tennis, gym cards etc.
  • Lunch. Expenses from eating out. In other
    words, food bought and eaten in restaurants and
    cafeterias.
  • Travel. Travel expenses such as monthly bus
    cards, metro tickets, train tickets, airplane
    etc.
  • Other. Expenses not related to any of the
    categories mentioned above. Such as movie
    tickets, investments in fixed assets (e.g.
    kitchen utensils, stereo), postage expenses,
    gifts, extraordinary travel expenses (e.g. trips
    to Colombia, NYK, L.A, Caribbean), postage, dry
    cleaner etc.

3
Total expenses 1997 2001 38,572 eur
Total average monthly expenses 1997 - 2001
897,0
Total average per month
215,4
Other
56,9
Travel
47,7
Lunch
17,0
Sports
99,4
Party
28,8
Clothing
30,7
School
Food
99,1
302,2
Accommodation
0,0
100,0
200,0
300,0
400,0
500,0
600,0
700,0
800,0
900,0
1000,0
eur / mth
4
Summary of total expenses
  • Total expenses for the period of 1.9.1997
    31.12.2001 accumulate to EUR 38,572.
  • Average monthly expenses for the time period
    amount to EUR 897,0 per month.
  • The largest expenditure item is accommodation
    (33,7) followed by other (24,0) and party
    (11,1).
  • A more detailed analyses is provided on the
    following pages.
  • The cities of residence during the time period of
    1.9.1997 31.12.2001 are
  • Lund 09/97 05/98
  • Lund 09/98 05/99
  • London 06/99 08/99
  • Montreal 09/99 05/00
  • Lund 09/00 12/00
  • Marseille 01/01 05/01
  • Lund 09/01 12/01

5
Funding
6
Average pay-back time
  • The average monthly salary in Finland (year 2002)
    is approximately 2,220 eur.
  • Higher education should enable, on average, a 20
    higher long-term monthly income. In other words,
    444 eur higher income per month.
  • If the extra income is assumed to be utilised
    solely for the repayment of education expenses
    (here 39,031) it would take 8,7 years to repay
    the total amount of education related expenses.
    Time value of money is accounted for (at 4 p.a).

40 000
33 943
35 000
29 050
30 000
24 345
25 000
19 822
Remaining outstanind expenses, eur
20 000
15 472
15 000
11 290
10 000
7 268
3 401
5 000
0
0
1
2
3
4
5
6
7
8
9
Years
Average pay-back time of total expenses 8,7 years.
7
Total expenses per month 1997 - 2001
Compounded monthly growth rate ? 0,4
  • Total expenses for the period of 1.9.1997
    31.12.2001 accumulate to EUR 38,572.
  • Average monthly expenditure for the period is EUR
    897,0 per month.

8
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9
Total average monthly expenses () by category
  1. Accommodation
  2. Other
  3. Food / Party

10
Total expenses by city
50
29
12
9
11
Average total monthly expenses by city and time
period
  • Highest monthly expenses in Montreal (eur 1,230
    per month)
  • Lowest monthly expenses in Lund during first term
    (eur 644 per month)

12
Proportion of total expenses by city and time
period
13
Average monthly accommodation expenses by city
  • Highest monthly expenses in Montreal (eur 392 per
    month)
  • Lowest monthly expenses in Lund during second
    term (eur 243 per month)

14
Average monthly food expenses by city
  • Highest monthly expenses in Lund during fifth
    term (eur 124 per month)
  • Lowest monthly expenses in London (eur 59 per
    month). However, proportion of food expenses
    category low in London as most food was eaten out
    (e.g. restaurants etc. and classified as lunch).

15
Average monthly party expenses by city
  • Highest monthly expenses in London (eur 274 per
    month) !!
  • Lowest monthly expenses in Lund during first term
    (eur 243 per month)
  • ? No life in Lund during first term, too much in
    London in 3 months!

16
Average monthly lunch expenses by city
  • Highest monthly expenses in London (eur 102 per
    month)
  • Lowest monthly expenses in Lund during first term
    (eur 23 per month)
  • In line with food expenses as most of food was
    eaten out in London (eating out categorised as
    lunch expense).

17
Lund Average expenditure pattern
  1. Accommodation
  2. Other
  3. Food

18
London Average expenditure pattern
  1. Accommodation / Party
  2. Other

19
Montreal Average expenditure pattern
  1. Other
  2. Accommodation
  3. Party

20
Marseille Average expenditure pattern
  1. Accommodation
  2. Other
  3. Food

21
Final Summary
All figures in euros
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