Dream Vacation

Dream Vacation

PLAN/PRICE ESTIMATE:

Multi city flight : Vancouver > Philippines > Australia

Flight cost for (YVR) > MNL) > (SYD) : $1800 (screenshot below)

1st Flight : Vancouver(YVR) > Philippines (MNL)

Date: Leave vancouver on August 1st , check in at 12:30pm layover at HongKong, Arrive at Manila 10:40pm (tues) (see image above).

Upon arrival i will be staying at a nearby 4 star hotel, Remington hotel which will be $60/ night, the hotel is very close to the airport. I'll be staying in the city of manila of 3 nights and 4 days and will be touring around the city and will be visiting The Mall of Asia ( Huge Mall) Spend: $400 and The Malacanang Palace (Residence of the president, like the white house basically) on the first day , the second day i'll be visiting Star City Amusement park Cost: 450p > $10 , and on the third day ill be visiting Rizal Park Daily Food: $40 . and on the fourth day i will be packing my things and getting ready to go to Boracay Flight Cost: $260. Boracay is a resort which i will be staying at for a majority of the time i will be arriving at Two Seasons Boracay Resort, an all inclusive resort. Cost: $80/Night. There are a bunch of activities that i can do at the resort examples include: Scuba Diving, Swimming at the pool, Themed Dances every other night, Fishing, and the Catamaran Cruise. I will be leaving the resort on August 15 (8 nights all in all), and will be arriving back to manila where i plan to visit some family members (3 days, will be lodging at their place) until i have to leave the country on August 18.

Total cost in the Philippines: Hotel 60(3 nights) + Daily Food 40(4days) + 400 + 10 + 260 + 80(8 nights) = $1650

2nd Flight : Philippines (MNL) > Australia (SYD)

Date: August 18, check in at 11:15 , layover at Korea, Arrive at Sydney Aug.19th, 7:40 am (see image above).

Upon arrival in sydney i will immediately check in at my hotel “Quality hotel” which charges 98/night. I will be sightseeing and visiting places in australia, so i will be needing a way of transportation which is why ill be renting a car from “Budget” car rentals close to the airport and will be renting the Nissan “Pulsar Sedan” from August 19th(arrival) to August 30th. It will cost me $540 to rent the car for that long and cost me an estimated $80/week for gas i will also be spending at least $80/day for food beverages and shopping too. I plan to visit these places during my stay in sydney: Port Jackson, Sydney Opera house (famous sails), Sydney Harbour Bridge, Taronga zoo (Adult pass: $46), Sea Life Sydney Aquarium (Adult Admission: $40), Sydney Tower, and lastly The Powerhouse Museum (Admission: $15). On August 30th ill be returning the sedan and checking out of my hotel the next day (31st) and will be leaving to the airport to check in at 5:00am.

Total Cost in Australia: Hotel 98(12 nights) + 540(car rental) + 80(2 weeks gas) + 80(13 days Food ect.) + 46 + 40 + 15 = $3017

3rd Flight: Australia (SYD) > Vancouver (YVR) Depart Aug.31 cost: $940

Overall Cost, all flights and the trip altogether: $1650(Philippines) + $3017(Australia) + multi city flight (YVR) > (MNL) > (SYD) $1800 + 940 (One way flight back to Vancouver from Sydney) = $7407, its good to have a little bit of pocket money so i will round the cost for the dream vacation to $7600.

INVESTMENT PLAN

So my dream vacation is a multi country visit which i'm going to try and accomplish by working at my uncle's roofing company where i can make 20/ hour and i would work 4 times a week and at least 8 hours every shift. Im planning to work until I have to go to school on January (the second semester of postsecondary for my first year). I Got a calculation of 20/hour times 4 shifts a week times 8 hours which gave me an answer of $640 which is my weekly pay. My monthly pay would then have to be $640 times 4 (weeks in a month) which gives me an answer of $2560. I will be making $2560/month . Also i already have 2200 in my savings account which my parents have been putting money in since I immigrated here in canada. The money was supposed to be used for a car which i will be investing in a savings plan instead. From planning my dream vacation I found out that i would need to save up $7600 in order to be able meet the requirements. Ive searched the web and did my calculations from different banks and got these four calculations for each and different bank savings:

HCBC Everyday Savings Account

Interest Rate: 0.01%

Pros:Low initial deposit of $1 to open, and No monthly fee

Cons:Lower than average interest rate, and High minimum balance of $1000 required

Month

Amount of $ the account will start each month

Monthly Addition to the account

How much you make from Interest (%)

Total $ at the end of each month

1

0

1000

0.1

1000.01

2

1000.01

2000

0.3

3000.31

3

3000.31

2000

0.53

5000.81

4

5000.81

2000

0.70

7001.51

5

7001.51

2000

.90

9002.41

Toronto