Wednesday, September 20, 2006

Budget Mind for our Reunion

We have been in communication for this event since April 2006.

In the blog as well as in broadcast via e-mail I have posted a "vision" that consists of a hotel with a "sit down dinner" plus entertainment. I have hinted at the possibility of even some of our High School Rockers doing something too.

Now let's get our wallet in sync with the vision if we have not already done so.

If you have someone you can stay with in Montreal or Chateauguay - great! You're going to save money.

If you, like many others have already been saving a little bit per month since May 2006 -Well Done!

Now, the costs are not all in yet so we do not know what the final cost and or discounts will talley. But let's not let that get in our way for saving the money we need for the event o.k.?

Usually on the Victoria Day weekend costs are higher at Hotels - check in Toronto or Vancouver the cost for that week end and you will see for a Downtown Hotel a cost per night at around $285 -$300 per night. So on the high end $300 x 2= $600.

If the cost to eat at a Hotel is $75 for a decent meal plus $25 for wine = $100.00

If the cost of entertainment were $25 a head - then add on another $25.00.

So just ball parking here, we have $600 + $100+ $25= $725

So, if you can save on the accomdation -great! Do it. You do not have to stay at the hotel.
Then your ball park estimate cost goes to $125.00 without hotel.

If you started saving (as I know a number of you have) - from May onward, then May to May is 13 months divided into $725 = $55 per month saved does it.

If you have alternate accomodations with friends and family -then $125 divided by 13 =$9.61 per month needed if you started saving in May 2006.

If you are only starting to think about saving now, I would say it is late in the day.
It is high time to save the $725 divided by 9 months= $80 per month if you like hotel rooms all in.

But if you have a friend or family to put you up, then $125 divided by 9 months =$13.00 a month for the next 9 months.

Now the figures above are just estimate high ball park figures and are nowhere near final with discounts. But please do not let that stop you from getting your budget together now.

As one person said in an e-mail today."I would hate to think that someone cannot make it because they can't afford it."

Well I would hate to think you cannot make it because you woke up one week before the event, looked at the bank book and thought "Geee, maybe I should have had a plan."

If you fail to plan, then plan to fail.
Be prepared and save more than you need to so you won't have a problem.

No comments: