This Richmond Hill couple makes a combined $195,000. How are they spending it?
By Penn Javdan| Photography by Ebti Nabag
| July 15, 2022
Copy link
Who: Jovan Bojovski, 40; Ida Bojovski, 34
What they do: She’s a compliance professional in financial services; he’s a master electrician
What they make: $195,000 a year
Where they live: A four-bedroom house in Richmond Hill
Regular Expenses
Mortgage: $2,300 a month.
Utilities: $500 a month.
Cellphone and internet: $260 a month for unlimited talk and text with Fido.
Streaming services: $22 a month. “We use only Netflix and Amazon Prime,” Jovan says.
Insurance: $800 a month for home and auto.
Car: $700 a month. “I bought a new Jeep Grand Cherokee in 2020, so most of that goes toward financing,” says Ida, “but we’re also spending a lot on gas these days, taking the kids to visit family.”
Groceries: $800 a month. “We get our dry foods and diapers delivered from Walmart, which saves us time and money,” says Ida. “Otherwise, we shop for meat and produce at Costco.”
Ordering in: $150 a month. “We used to order in a lot, spending about $600 a week on Uber Eats,” Ida says. “We’ve cut back since having the kids because it was expensive and unhealthy.”
Baby supplies: $120 a month. “We get our baby formula shipped from Germany because North American formula has so many unhealthy additives,” says Ida.
Daycare: $3,000 a month.
Long-term Savings Plan
For renovation: $500 a month. “We already have $15,000 saved to redo our kitchen and bathroom,” says Jovan.
For a second property: $500 a month. “In the next five years, we’d like to own a cottage in either Muskoka or Huntsville,” says Ida.
Hey parents: What’s your budget? Tell us how you make life in Toronto work at costofliving@torontolife.com
THIS CITY
Obsessive coverage of Toronto, straight to your inbox
The June issue of Toronto Life features our annual ranking of the best new restaurants. Plus, our obsessive coverage of everything that matters now in the city.
