Title: Review on expenses 1997 - 2001
1Review on expenses 1997 - 2001
- Lund London Montreal Marseille
Peter Platan
2Definition 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.
3Total 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
4Summary 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
5Funding
6Average 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.
7Total 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(No Transcript)
9Total average monthly expenses () by category
- Accommodation
- Other
- Food / Party
10Total expenses by city
50
29
12
9
11Average 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)
12Proportion of total expenses by city and time
period
13Average 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)
14Average 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).
15Average 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!
16Average 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).
17Lund Average expenditure pattern
- Accommodation
- Other
- Food
18London Average expenditure pattern
- Accommodation / Party
- Other
19Montreal Average expenditure pattern
- Other
- Accommodation
- Party
20Marseille Average expenditure pattern
- Accommodation
- Other
- Food
21Final Summary
All figures in euros