Budget Allocation Tool
Enter your monthly spending across eight categories and see how your allocation compares to typical Canadian household ranges. Based on Statistics Canada Survey of Household Spending (2023) and Canadian financial planning guidelines.
Your Household
Estimated after-tax monthly income: $8,625
Monthly Spending by Category
Rent or mortgage, property tax, condo fees, home insurance, utilities
Typical range: 25% - 35% of after-tax income
Vehicle payments, fuel, insurance, maintenance, transit, parking
Typical range: 12% - 20% of after-tax income
Groceries, household supplies, personal care products
Typical range: 12% - 20% of after-tax income
Life insurance, disability, critical illness, health/dental premiums
Typical range: 5% - 10% of after-tax income
RRSP, TFSA, RESP, emergency fund, non-registered investments
Typical range: 5% - 15% of after-tax income
Credit cards, lines of credit, student loans, car loans (non-mortgage)
Typical range: 0% - 15% of after-tax income
Daycare, after-school programs, tuition, school supplies, tutoring
Typical range: 5% - 15% of after-tax income
Dining out, entertainment, clothing, hobbies, travel, subscriptions
Typical range: 5% - 10% of after-tax income
Total monthly spending: $8,500
98.6% of estimated after-tax income ($125 unallocated)