Monthly Budget Calculator for Canadians 2025

No fee everyday banking

Set up direct deposit and skip the monthly fee. Free to open, and the Easy plan has no monthly fee. Worth doing if you will actually move your pay or your CRA deposits over, not if the card sits unused. Code BREMO2026.

See how it works

Track income and all expense categories • See your surplus or deficit • 50/30/20 guidance

A budget is the foundation of financial health. Enter your monthly income and expenses below to see exactly where your money is going and how much you have left to save or invest.

Monthly Budget Calculator

Income

Take-Home Pay ($)

Other Income ($)

Housing & Utilities

Rent / Mortgage ($)

Utilities ($)

Internet / Phone ($)

Insurance ($)

Living Expenses

Groceries ($)

Transport / Gas ($)

Dining Out ($)

Entertainment ($)

Clothing ($)

Personal Care ($)

Financial

Debt Payments ($)

Savings / Investments ($)

Other Expenses ($)

The 50/30/20 Budget Rule for Canadians

A simple starting point is the 50/30/20 rule:

50% Needs: Rent, groceries, transit, utilities
30% Wants: Dining out, entertainment, clothing
20% Savings/Debt: RRSP, TFSA, debt payoff

Free Banking to Help You Reach Your Financial Goals

Once you know your numbers, start acting on them. KOHO offers free banking with no monthly fees. Use code BREMO2026 for a bonus when you open your account.

Open KOHO Free — Code BREMO2026