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Review on expenses 1997 - 2001. Lund – London – Montreal – Marseille. Peter Platan. 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.

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review on expenses 1997 2001

Review on expenses 1997 - 2001

Lund – London – Montreal – Marseille

Peter Platan

definition of terms
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.
total expenses 1997 2001 38 572 eur

Total expenses 1997 – 2001

45 000

38 572 eur

40 000

35 000

30 000

25 000

eur

20 000

15 000

10 000

5 000

0

Total expenses 1997 – 2001: 38,572 eur

Total average monthly expenses 1997 - 2001

Total average per month

897,0

Other

215,4

Travel

56,9

Lunch

47,7

Sports

17,0

Party

99,4

Clothing

28,8

School

30,7

Food

99,1

Accommodation

302,2

0,0

100,0

200,0

300,0

400,0

500,0

600,0

700,0

800,0

900,0

1000,0

eur / mth

summary of total expenses
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
average pay back time
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.

total expenses per month 1997 2001

2 000

1 800

1 600

1 400

1 200

1 000

eur

800

600

400

200

0

09/97

11/97

01/98

03/98

05/98

10/98

12/98

02/99

04/99

06/99

08/99

10/99

12/99

02/00

04/00

09/00

11/00

01/01

03/01

05/01

10/01

12/01

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.
slide8

Total expenses by category 1997 - 2001

14 000,0

12 993

12 000,0

10 000,0

9 261

8 000,0

eur

6 000,0

4 260

4 276

4 000,0

2 445

2 052

2 000,0

1 319

1 238

729

0,0

Accommod.

Food

School

Clothing

Party

Sports

Lunch

Travel

Other

Total average monthly expenses by category 1997 - 2001

350,0

302

300,0

250,0

215

200,0

eur / mth

150,0

99

99

100,0

57

48

50,0

31

29

17

0,0

Accommod.

Food

School

Clothing

Party

Sports

Lunch

Travel

Other

total average monthly expenses by category

Other

24 %

Accommodation

35 %

Travel

6 %

Lunch

5 %

Food

Sports

11 %

2 %

Party

School

Clothing

11 %

3 %

3 %

Total average monthly expenses (%) by category

Accommodation

Other

Food / Party

total expenses by city

25 000

19 304

20 000

15 000

eur

11 071

10 000

4 760

5 000

3 437

0

Lund

London

Montreal

Marseille

Total expenses by city

50%

29%

12%

9%

average total monthly expenses by city and time period

1400

1230

1146

1200

Lund 09/97-05/98

Lund 09/98-05/99

952

1000

London 06/99-08/99

822

799

Montreal 09/99-05/00

759

800

eur / mth

644

Lund 09/00-12/00

600

Marseille 01/01-05/01

Lund 09/01-12/01

400

200

0

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)
proportion of total expenses by city and time period

Lund 09/01-12/01

Lund 09/97-05/98

8 %

15 %

Marseille 01/01-05/01

12 %

Lund 09/99-05/99

Lund 09/00-12/00

19 %

9 %

London 06/99-08/99

9 %

Montreal 09/99-05/00

28 %

Proportion of total expenses by city and time period
average monthly accommodation expenses by city

450

392

400

371

Lund 09/97-05/98

350

Lund 09/98-05/99

London 06/99-08/99

300

275

274

272

260

Montreal 09/99-05/00

243

250

eur / mth

Lund 09/00-12/00

200

Marseille 01/01-05/01

Lund 09/01-12/01

150

100

50

0

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)
average monthly food expenses by city

140

124

122

120

Lund 09/97-05/98

111

104

100

Lund 09/98-05/99

100

London 06/99-08/99

Montreal 09/99-05/00

80

74

eur / mth

Lund 09/00-12/00

59

60

Marseille 01/01-05/01

Lund 09/01-12/01

40

20

0

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).
average monthly party expenses by city

300

274

Lund 09/97-05/98

250

Lund 09/98-05/99

London 06/99-08/99

200

Montreal 09/99-05/00

eur / mth

Lund 09/00-12/00

150

119

Marseille 01/01-05/01

96

Lund 09/01-12/01

87

100

77

75

72

50

0

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!
average monthly lunch expenses by city

120

102

Lund 09/97-05/98

100

Lund 09/98-05/99

London 06/99-08/99

80

72

66

Montreal 09/99-05/00

eur / mth

58

Lund 09/00-12/00

60

Marseille 01/01-05/01

40

Lund 09/01-12/01

29

28

23

20

0

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).
lund average expenditure pattern

Other

19 %

Accommodation

36 %

Travel

7 %

Lunch

4 %

Sports

2 %

Party

11 %

Food

15 %

Clothing

School

2 %

4 %

Lund: Average expenditure pattern

Accommodation

Other

Food

london average expenditure pattern

Other

Accommodation.

19 %

24 %

Travel

9 %

Food

5 %

School

Lunch

0 %

9 %

Clothing

8 %

Sports

2 %

Party

24 %

London: Average expenditure pattern

Accommodation / Party

Other

montreal average expenditure pattern

Accommodation

32 %

Other

36 %

Food

6 %

Travel

2 %

School

Lunch

5 %

5 %

Sports

Clothing

Party

2 %

4 %

8 %

Montreal: Average expenditure pattern

Other

Accommodation

Party

marseille average expenditure pattern

Other

25 %

Accommodation

39 %

Travel

10 %

Lunch

6 %

Sports

Food

Party

0 %

11 %

School

Clothing

8 %

0 %

1 %

Marseille: Average expenditure pattern

Accommodation

Other

Food

final summary
Final Summary

All figures in euros

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