Monthly Budget Calculator

Split your take-home pay across needs, wants and savings using the 50/30/20 rule, with Canadian cost examples.

Last updated March 20, 2026

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Monthly Budget Calculator

See where your money goes and check your 50/30/20 balance

🍁 Built for Canadian households Monthly income (after tax)

Employment income

Side / other income

🏠 Needs — housing & essentials

Rent / mortgage

Utilities & internet

Groceries

Transportation

Insurance

Debt minimum payments

🎉 Wants — lifestyle

Dining out & takeout

Entertainment & streaming

Shopping & clothing

Other wants

📈 Savings & investing

TFSA contributions

RRSP contributions

Emergency fund

Other savings

Enter your income and expenses to see your budget analysis.

$0Monthly income

$0Total expenses

$0Surplus / deficit

🏠 Needs0%

$0/moTarget ≤ 50%

🎉 Wants0%

$0/moTarget ≤ 30%

📈 Savings0%

$0/moTarget ≥ 20%

Savings rate0%

Annual savings (projected)$0

Annual surplus (projected)$0

Monthly TFSA pace$0 / $583 limit

Monthly RRSP pace$0

Disclaimer: This calculator is for informational purposes only. Results are estimates based on figures you enter and do not constitute financial advice. Consult a financial advisor for personalized guidance.