My Budget 12/09/2021

Budget Calculator Spreadsheet

What is your name? First Name Do you have a spouse or No

partner?
First Name

What kind of a budget would you like to create? - Select -

How many people will be supported by this budget? 0 << Make sure this number is correct. Include all
children and adults who live in the home and Once you have entered your expenses, you'll get a picture of what your budget looks like
Budgeting guidelines and tips ( On / Off ): On depend on this budget. here:

INCOME (After Tax)

Enter your take-home, after tax income. Click on any type of income
Amount Select Notes
Your Monthly Expenses by Budgeting Category
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
Lump Sum Income? No Amount Needs to last Withdrawal Frequency
Lump Sum $0 0 months monthly
TOTAL INCOME $0

Your budget will display here

100%

HOUSING EXPENSES

The expenses required to run your household shouldn’t exceed 35% of

Amount Select Notes
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 every 2 months
Water / Sewer / Garbage monthly
Home Security monthly
Saving for Repairs / Maintenance monthly Important Budgeting Tip
Household Items (e.g. Décor, Gardening Supplies) annually You can turn a decent budget into a great one – that really works well – by tracking your expenses.
Other monthly After you’ve tracked your expenses, you can replace the numbers you've entered today with more
monthly accurate figures.
HOUSING EXPENSES TOTAL $0 To learn how to track your expenses and get a copy of our free Excel tracking spreadsheet, click
here.

OTHER UTILITIES
How Your Budget Compares to Suggested Guidelines
Utility expenses shouldn't exceed 5% of your budget. Amount Select Notes 0% 5% 10% 15% 20% 25% 30% 35% 40% 45% 50%
0% 5% 10% 15% 20% 25% 30% 35% 40% 45% 50% 0.0% 5.0%
Phone monthly
Cell Phone monthly
Cell Phone 2 monthly Your budget will display here
Your budget will display here Your budget will display here 100.0%
Other Cell Phone monthly
Cable monthly
Internet monthly 0%0% 5%5% 10% 15% 20% 25% 30%
0.0% 5.0%
10% 15% 20% 25% 30%
Phone / Internet / Cable Bundle monthly
Internet Subscriptions (e.g. Anti-Virus, Backups, etc.) monthly
monthly
UTILITIES TOTAL $0

FOOD & GROCERY STORE EXPENSES

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

Learn how to save on groceries Amount Select Notes

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

TRANSPORTATION

Transportation expenses should make up 15% - 20% of your budget. Amount Select Notes

Lease Payment monthly

Vehicle Loan Payment monthly
Savings for New Vehicle monthly The light green coloured areas above are the suggested ranges for each budgeting category. The
Fuel monthly dark green bars indicate where your budget falls in each category. This lets you see if you're within
Insurance monthly the recommended range or outside of it. Once you fill in a bunch of expense categories this graph
Parking monthly will work right.
Vehicle Maintenance monthly Please Note: Because these ranges can vary across the country and with different financial
Roadside Assistance monthly circumstances, we've given you the ability to change these suggested guidelines further down the
Bus Fare monthly page.
Taxi Fare monthly
monthly
TRANSPORTATION TOTAL $0

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My Budget 12/09/2021

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 Kids monthly
Shoes for Kids monthly
monthly
CLOTHING TOTAL $0

MEDICAL Important Note

Please keep in mind that the suggestions we are offering you in this tool are limited to the
In Canada, you can expect medical expenses to be around 3% of your information you have provided here and are intended only as general guidance, not specific advice.
Amount Select Notes
income. Only you can decide what is best for you and your family.
Health Expenses
Provincial Medical Premiums monthly If you have medical expenses that you need to pay for out of your own pocket, these budgeting
Specialists (e.g. Massage, Chiropractor, Physiotherapy) monthly expense guidelines may not apply to you. Make sure you follow your health care provider's advice.
Eye Care monthly Your health and well being should be your highest priority in putting together your budget, and if that
Prescriptions monthly means disregarding or changing these budgeting guidelines, then that's what you need to do.
Dental / Orthodontist monthly
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 / Music / 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 Select
Annual Memberships (Store, Online, Family, etc.) monthly
Bank Fees / Safety Deposit Box monthly 10%
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 EXPENSES TOTAL $0

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.

Payroll
Where to find money to save each month Amount Select Notes
Deduction
Tax Free Savings Account (TFSA) monthly
Registered Retirement Savings Plan (RRSP) monthly
Registered Education Savings Plan (RESP) monthly Your Monthly Expenses by Budgeting Category
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 your

Amount Select Notes
budget.
Line of Credit monthly Your budget will display here
100%
Overdraft monthly

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 Your budget will display here
My Budget 100% 12/09/2021

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 Deductions monthly
Other Loan monthly
monthly
DEBT PAYMENTS TOTAL $0

TOTAL MONTHLY EXPENSES $0

Have you finished your budget, or do you need some help balancing your budget? If you
Select
think you're done, or if you'd like some help, select 'Yes':

Scroll down to edit Budgeting Guidelines Select

Food for Thought

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For more budgeting help, visit MyMoneyCoach.ca

Budgeting Guidelines
The Credit Counselling Society developed the budgeting guidelines used in this spreadsheet based on information from thousands of
budgeting sessions with Canadian consumers. However, these guidelines are only meant as a starting point to help people get started in the
budgeting process. Based on where you live in Canada, your financial situation, or your personal goals and priorities, you may need to adjust
the guideline percentages.

Adjust the guidelines to suit your particular situation. For this early release of the tool, you can only modify four categories at this time. Any
percentages you modify here will change the alerts that appear in your budget above.

Below we've provided you with the ability to move the some of the goal posts and adjust the guidelines to suit your particular situation (for
this early release of this tool, you can only modify three categories). Any numbers you modify here will change when warnings appear in your
budget above. Guideline Guideline
Expense Category Your Budget
Minimum Maximum
HOUSING EXPENSES Not Applicable 35%
OTHER UTILITIES Not Applicable 5%
FOOD & GROCERY STORE EXPENSES 10% 20%
TRANSPORTATION 15% 20%
CLOTHING 3% 5%
MEDICAL Not Applicable 3%
PERSONAL EXPENSES 5% 10%
SAVINGS 5% 10%
DEBT PAYMENTS 5% 15%

Suggestions
If you notice anything wrong with this spreadsheet or have any suggestions for how we can improve it, please email us at
suggestions@mymoneycoach.ca

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All Suggestions to Reduce Budget Expenses For more budgeting help, visit MyMoneyCoach.ca

Once you're 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.