My Budget 12/09/2021

INCOME (After Tax)

Enter your take-home, after tax income. Click on any type of income
Amount Select Notes
below to choose more options from a drop down list.
Take Home Income bi-weekly
Pension monthly
Second Income bi-weekly
Commission monthly
Child Tax Benefits monthly
Support Payments monthly
Other Income monthly
monthly
TOTAL INCOME $0

HOUSING EXPENSES

The expenses required to run your household shouldn’t exceed

Amount Select Notes
35% of your budget.

First Mortgage monthly

Second Mortgage / Home Line of Credit monthly
Rent monthly
Property Taxes monthly
Condo Fee / Strata Fee / Pad Rental monthly
House / Tenant Insurance monthly
Electricity monthly
Gas (for Home) monthly
Alternate Heating Source monthly
Water / Sewer / Garbage monthly
Home Security monthly
Saving for Repairs / Maintenance monthly
Household Items (e.g. Décor, Gardening Supplies) annually
Other monthly
monthly
HOUSING EXPENSES TOTAL $0 ###

OTHER UTILITIES

Utility expenses shouldn't exceed 5% of your budget. Amount Notes

Phone monthly
Cell Phone monthly
Cell Phone 2 monthly
Other Cell Phone monthly
Cable monthly
Internet monthly
Phone / Internet / Cable Bundle monthly
Internet Subscriptions (e.g. Anti-Virus, Backups, etc.) monthly
monthly
UTILITIES TOTAL $0 ###

FOOD & GROCERY STORE EXPENSES

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My Budget 12/09/2021

Food expenses should make up 10% - 20% of your budget.

Learn how to save on groceries Amount Notes

Groceries weekly
Specialty Store monthly
Big Box Store / Costco monthly
Personal Care (e.g. Grooming, Cosmetics) monthly
Baby / Infant Needs (e.g. Diapers, Formula) monthly
monthly
FOOD TOTAL $0 ###

TRANSPORTATION

Transportation expenses should make up 15% - 20% of your

Amount Select Notes
budget.

Lease Payment monthly

Vehicle Loan Payment monthly
Savings for New Vehicle monthly
Fuel monthly
Insurance monthly
Parking / Tolls monthly
Vehicle Maintenance monthly
Roadside Assistance monthly
Bus Fare monthly
Taxi Fare monthly
monthly
TRANSPORTATION TOTAL $0 ###

CLOTHING

It's a good idea to allocate 3% - 5% of your budget for clothing. Amount Select Notes

Clothing for Adult 1 monthly

Clothing for Adult 2 monthly
Shoes for Adult 1 monthly
Shoes for Adult 2 monthly
Special / Professional Clothing monthly
Clothing for Child monthly
Shoes for Child monthly
monthly
CLOTHING TOTAL $0 ###

MEDICAL

In Canada, you can expect medical expenses to be around 3% of

Amount Select Notes
your income.

Health Expenses
Provincial Medical Premiums monthly
Specialists (e.g. Massage, Chiropractor, Physiotherapy) monthly
Eye Care monthly
Prescriptions monthly
Dental / Orthodontist monthly

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My Budget 12/09/2021

Over-the-Counter monthly
Deductibles / Out-of-pocket monthly
Other monthly
Insurance
Life Insurance monthly
Disability monthly
Extended Health monthly
Other (e.g. Critical Illness, Payment Protection) monthly
Vet Bills / Pet Insurance monthly
monthly
MEDICAL TOTAL $0 ###

PERSONAL EXPENSES

It's usually a good idea to allocate 5% to 10% of your budget for personal expenses.

WORK EXPENSES Amount Select Notes

Daycare monthly
Work Lunches / Breaks (Person 1) monthly
Work Lunches / Breaks (Person 2) monthly
Work License Fees / Professional Dues monthly
Work Supplies (e.g. Tools, Classroom Supplies) monthly
monthly
LIVING EXPENSES Amount Select Notes
Eating Out monthly
Buying Coffee / Snacks / Drinks monthly
Tobacco / Vaping / Cannabis monthly
Alcohol monthly
Entertainment (e.g. Movies, Event Tickets, Social Activities) monthly
iTunes / Online Services monthly
Babysitting monthly
Recreation (e.g. Sports Equipment & Fees, Activities) monthly
Travel / Vacations monthly
Hobbies monthly
Lottery / Gaming monthly
Hair Cuts & Services monthly
Salon Services (e.g. Tanning, Aesthetics) monthly
Fitness Memberships monthly
Magazines / Newspapers / Books monthly
Education (Tuition & Supplies) monthly
Gifts / Special Occasions monthly
Donations / Charitable / Planned Giving monthly
Annual Memberships (Store, Online, Family, etc.) monthly
Bank Fees / Safety Deposit Box monthly
Storage Locker monthly
Laundry / Dry Cleaning monthly
Pet Food monthly
monthly
CHILDREN Amount Select Notes
Allowance monthly
Lessons / Activities monthly
School Supplies / Fees monthly
Gifts monthly
Other monthly
monthly
PERSONAL & DISCRETIONARY EXPENSE TOTAL $0 ###

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My Budget 12/09/2021

SAVINGS (Money for Spending Later)

It's wise to save 5% to 10% of your income for expenses that don't occur every month, as well as for your future. Then you'll have a little
extra available when you need it.

Where to find money to save each month Amount Select Notes

Tax Free Savings Account (TFSA) monthly

Registered Retirement Savings Plan (RRSP) monthly
Registered Education Savings Plan (RESP) monthly
Emergency Savings monthly
Other Savings monthly
Income Tax (Additional) monthly
monthly
SAVINGS TOTAL $0 ###

DEBT PAYMENTS

A manageable level of debt payments can take up 5% to 15% of

Amount Select Notes
your budget.

Line of Credit monthly

Overdraft monthly
Personal Loan monthly
Student Loan monthly
Credit Card 1 monthly
Credit Card 2 monthly
Credit Card 3 monthly
Credit Card 4 monthly
Credit Card 5 monthly
Money Owed to Family or Friends monthly
Child / Spousal Support monthly
Other Debt Payment monthly
Income Tax Instalments monthly
Other Loan monthly
monthly
DEBT PAYMENTS TOTAL $0 ###

TOTAL EXPENSES $0 ###

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Once you are done your budget you can ask for some suggestions to reduce your expenses. We'll direct you to look here if we
have a long list of suggestions for you.
Monthly Spending Planner
Monthly Guideline Jan Feb March April May June July Aug Sept Oct Nov Dec Year

INCOME
Wages / Pension
Secondary income
Child tax credit
Child care allowance
Support payments
Interest/dividends
Other
Other
Income totals 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

EXPENSES
Savings
Savings for seasonal exp.
Long–term savings
Retirement (RRSP)
Investment savings
RESP
Bonds
Income tax (additional)
Other
Savings totals 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Payment Obligations
Credit card
Credit card
Credit card
Credit card
Loan
Loan
Vehicle lease
Line of credit
Child/spousal support
Student loans
Other
Other
Payment obligation totals 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Insurance
Life insurance
Disability insurance
Extended health insurance
Other
Insurance totals 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Housing
Mortgage
Second mortgage
Mortgage insurance
Strata fees
Pad rent
Property taxes
Rent
Storage locker
Home security
Home insurance
Other
Housing totals 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Utilities
Hydro
Natural gas
Alternate heating source
Water, sewer, garbage
Cable
Home telephone
Second phone line
Cellular telephone
Internet
Other
Utilities totals 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
 Monthly Guideline Jan Feb March April May June July Aug Sept Oct Nov Dec Year

Household
Home repairs
Home improvements
Gardening supplies
Linens
Home décor
Seasonal décor
Kitchen gadgets
Outdoor home/yard supplies
Landscape/gardening services
Other
Housing totals 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Living Costs
Provincial medical (MSP)
Groceries
Lunch & coffee breaks
Laundry/dry cleaning
Work/professional clothing
Housecleaning service
Bank service charges
Other
Living costs totals 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Health
Medical treatments
Dental
Orthodontics
Optical
Prescriptions
Over-the-counter drugs
Deductibles/out-of-pocket
Other
Health totals 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Transportation
Gas/fuel – vehicle 1
Insurance – vehicle 1
Gas/fuel – vehicle 2
Insurance – vehicle 2
Parking
Maintenance
Repairs
Car wash/detailing services
Public transportation
Taxis
Bicycle costs
Other
Transportation totals 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Children
Daycare
Babysitting
Activities
Lessons
Sports
Clothing
School fees
School supplies
School fundraisers
Other
Children totals 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Pets
Pet food
Veterinarians/pet medicines
Pet insurance
Other
Pet totals 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Personal
Clothing, including shoes
Tobacco
Alcohol
 Monthly Guideline Jan Feb March April May June July Aug Sept Oct Nov Dec Year
Gifts – family
Gifts – friends
Gifts – hostess/housewarming
Haircuts
Personal grooming
Cosmetics
Salon services
Other
Personal totals 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Education
Tuition fees
Books
Supplies (ink/paper/pens/etc)
Course materials (calculator)
Other
Education totals 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Entertainment
Dining out
Lottery tickets/gambling/bingo
Entertaining at home/BBQ
Video/DVD rentals
Movies/plays
Books
Music (CDs, etc.)
Hockey/football/etc. pools
Concerts/clubs
Hobbies (e.g crafts, baking…)
Other
Entertainment totals 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Recreation
Sports equipment
Activities
Team dues
Licenses
Other
Recreation totals 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Donations/Subscriptions
Magazines
Newspapers
Religious organizations
Charity
Other
Donation/subscription totals 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Vacations/Travel
Plane fare
Accommodations, e.g. hotel
Camping fees
Food
Recreation activities
Entertainment
Souvenirs
Rental car
Spending money
Pet boarding/house sitter
Other
Vacation totals 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Miscellaneous
Professional dues
Association fees
Gym membership
Annual family membership
Store membership
Other
Miscellaneous totals 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Total expenses 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Cash short/extra 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00