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Create a Budget Calculator - Manage Your Debt Effectively

Use this tool to help give you a clear picture of your cash flow. You'll be able to determine how much debt you can comfortably afford in order to achieve your goals.

Monthly Income

Salary after taxes (take-home pay, Self-employment/Business income) $
Other income (e.g. investment income) $
Total Income $

Monthly Expenses - Fixed

Housing Costs (e.g. mortgage, rent, condo/maintenance fees, property taxes, etc.) $
Utilities – Heat, hydro, water $
Services – Phone, home and mobile, cable/satellite, internet, security system $
Insurance – Auto, home, life, disability $
Child care $
Existing Loans and credit cards (minimum monthly payments) $
Other fixed expenses (e.g. child support, alimony, etc) $
Total Expenses - Fixed $

Monthly Expenses - Variable

Groceries $
Household Maintenance (e.g. renovations, landscaping and gardening, house cleaning, snow removal, lawn care, etc.) $
Transportation (e.g. car lease, gas, transit, car service & repairs, parking fees, licence & registration, etc.) $
Uninsured health services (e.g. prescriptions, dental care, eye care, counseling, any other health services not covered under a plan) $
Education (e.g. tuition, books, exam fees, etc) $
Long term Savings (e.g. monthly pension plan, RSP, education saving contribution) $
Other Variable Expenses $
Total Expenses - Variable $

Monthly Expenses - Discretionary

Personal (e.g. clothing, shoes, gifts, salon, gym membership, etc.) $
Daily living (e.g. pet expenses, dry cleaning, etc.) $
Entertainment (e.g. dining out, movies, music, theatre/concerts etc.) $
Donations $
Vacation $
Other Discretionary Expenses $
Total Expenses - Discretionary $
Print Calculate

Personal lending products are subject to Royal Bank of Canada's standard credit criteria.

This calculation is based on the accuracy and completeness of the data you have entered, is for illustrative and general information purposes only, and is not intended to provide specific financial or other advice, and should not be relied upon in that regard. You should speak with your professional accountant or other professional advisors before making a final decision to ensure any strategy meets your overall financial needs and that your personal circumstances have been taken into account.

Royal Bank of Canada does not make any express or implied warranties or representations with respect to any information or results in connection with the calculator. Royal Bank of Canada will not be liable for any losses or damages arising from any errors or omissions in any information or results, or any action or decision made by you in reliance on any information or results.


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