Managing a budget can be a frustrating and daunting task. One of the most important aspects of controlling a budget is to determine where money is going. This calculator helps you do just that. By entering your income and monthly expenditures, you can see how much you may have left to save and where your money is being spent.

 

 

Monthly expenses: This is the total of all of your monthly expenses. This includes your expenses for shelter, family, transportation, vacations, entertainment, loan payments, food, clothing, insurance and other miscellaneous items.

Net monthly pay: Input your income from your paycheque. You can enter your paycheque as well as your spouse's paycheque.

Misc income: Any other income that you receive can be entered here.

Income breakdown: View how your income is divided up between your income sources.

Expenses breakdown: View breakdown of your monthly expenses.

 
© 2021 Equitable Life of Canada
Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.