The 50/30/20 Rule, Adapted for Life in Canada

Illustration of a calculator, clipboard and coins

Once you know where your money goes, you need a simple plan. One popular starting point is the 50/30/20 rule:


50% needs: rent, groceries, utilities, transport, minimum debt payments

30% wants: dining out, hobbies, entertainment, shopping

20% savings and extra debt payments: emergency fund, retirement and goals
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