Financial Tools

Family Budget Planner – Monthly Family Budget Calculator

A calm, simple way to see where your money goes each month, how much is left over, and whether your savings are on track for your family’s goals. Designed with Canadian households in mind.

This family budget planner is part of the FinForFam suite of tools, alongside the Mortgage Prepayment Calculator, RESP Savings Calculator and RRSP Growth Calculator.

1. Enter Your Monthly Numbers

Monthly Income (after tax)

Primary income Partner income Child benefits / other

Fixed expenses

Housing (mortgage / rent) Utilities, internet, phone Insurance, childcare, other

Everyday spending (per month)

Groceries Transportation & gas Eating out, fun, kids' activities Everything else

Savings & debt payments

TFSA / RRSP / RESP contributions Extra debt payments (credit card, loan, etc.)

2. See Your Monthly Budget Picture

A calm snapshot of how this month is shaping up.

Monthly snapshot

💰 Total monthly income

🧾 Total expenses (incl. savings)

🌱 Surplus / Shortfall

📊 Savings & debt paydown rate

Where your money goes

Fixed expenses $0 (0%)
Everyday spending $0 (0%)
Savings & debt paydown $0 (0%)

Many families aim for something like 50–60% fixed, 20–30% everyday spending, and 10–20% savings & debt when things are stable. There’s no perfect number, but this can help as a gentle reference.

If this month repeated all year…

Amount saved / debt repaid in a year $0

Annual surplus / shortfall $0

Start by entering your income and expenses on the left. We’ll show you a simple picture of your month and suggest a calm next step.

When you’re ready, you can also use your monthly surplus with the Mortgage Prepayment Calculator or TFSA Contribution and Growth Calculator to see how it could support your longer-term goals.