Caisses Desjardins du Québec and Caisses populaires de l'Ontario [Change site]
Determine how much to allocate to each expense category
- Enter your net income (after taxes).
- Print out results if need be.
- Go back to the Draw up a monthly budget page to continue.
Would you like to keep your calculation results on your desktop so you can modify them later on? Simply download the PDF
version of the “Determine how much to allocate to each expense category” tool (PDF, 287 KB).
Do the math
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Budget category (budget item) |
% of net monthly income1 |
Average monthly amount you should be allocating to each expense category |
Savings |
5 to 10% |
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Housing (rent, mortgage, taxes, insurance) |
25 to 35% |
|
Food |
5 to 15% |
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Services (hydro, heat, water, telephone, etc.) |
5 to 10% |
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Transportation (automobile, public transportation, taxis) |
10 to 15% |
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Clothing |
2 to 7% |
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Leisure and education |
5 to 10% |
|
Health (insurance, dentist, glasses, medication, etc.) |
5 to 10% |
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Personal |
5 to 10% |
|
Debt repayment (loans) |
5 to 10% |
|
Emergency fund |
Put a small amount aside as soon as possible toward your emergency fund and then continue contributing 5 to 10% of your net monthly income to it until you've accumulated 3
months' worth of expenses. |
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The simulators are made available to you for information purposes and for personal use only. They give an approximate result based on the information you enter. Desjardins does not guarantee their accuracy or their applicability to your circumstances. Do not hesitate to contact your caisse advisor for personalized advice.
Did you know?
Your gross annual income is not the amount of your disposable income. Residents of Canada and Quebec pay income taxes to finance public expenses such as health care and other social services. If you want your budget to work, use your net annual income (after taxes). You can calculate your net annual income using our taxes tables.
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 At the caisse
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1.Information courtesy of Kenneth Asselin, Fin.Pl., Desjardins Financial Services Firm Inc.
Money question
Do you know where you currently stand financially?
A few statistics
Institut de la statistique du Québec, 2007:
- Average rate of consumer debt: 36.2% (debt to disposable income ratio).
- Average personal savings rate: 5% (savings to disposable income ratio).