{"id":86744,"date":"2024-05-08T15:17:11","date_gmt":"2024-05-08T19:17:11","guid":{"rendered":"https:\/\/www.rbcroyalbank.com\/en-ca\/?post_type=rbc_my_money_matter&#038;p=86744"},"modified":"2024-06-07T13:47:31","modified_gmt":"2024-06-07T17:47:31","slug":"where-did-my-loonies-go-the-rising-cost-of-groceries-in-canada","status":"publish","type":"rbc_my_money_matter","link":"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/debt-and-stress-relief\/struggling-to-make-ends-meet\/where-did-my-loonies-go-the-rising-cost-of-groceries-in-canada\/","title":{"rendered":"Where Did My Money Go?: The Rising Cost of Groceries in Canada"},"content":{"rendered":"<div class=\"wp-block-rbc-single-article-header\">\n\t<section class=\"section-grey cover pad-t-hlf\">\n\t\t<div class=\"section-inner w-half w-mob-full centered-margin cover section-grey pad-tb-0\">\n\t\t\t\t\t\t\t<div class=\"inline-block pill-container pill-taxonomies\">\n\t\t\t\t\t<div class=\"mar-b-hlf mob-mar-b snipe pill is-style-blue-pill\">\n\t\t\t\t\t\t<a class=\"primary-taxonomy\" href=\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/topic\/budgeting\/\">\n\t\t\t\t\t\t\t<span>Budgeting<\/span>\n\t\t\t\t\t\t<\/a>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t<h1 class=\"mar-b-hlf mar-t-0 mob-pad-lr-hlf h2 has-black-color\">Where Did My Money Go?: The Rising Cost of Groceries in Canada<\/h1><p class=\"mar-b-0 mob-pad-lr-hlf author-text\">By Royal Bank of Canada<\/p>\t\t\t\t\t<div class=\"featured-image-wrapper pos-rel\">\n\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"683\" src=\"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2024\/05\/groceries.jpg?quality=80\" class=\" cover-image  wp-post-image\" alt=\"Personne avec un panier regardant le re\u00e7u\" srcset=\"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2024\/05\/groceries.jpg 7360w, https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2024\/05\/groceries.jpg?resize=300,200 300w, https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2024\/05\/groceries.jpg?resize=768,513 768w, https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2024\/05\/groceries.jpg?resize=1024,683 1024w, https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2024\/05\/groceries.jpg?resize=1536,1025 1536w, https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2024\/05\/groceries.jpg?resize=2048,1367 2048w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t<\/section>\n\t<div class=\"article mar-t-dbl\">\n\t\t\t\t<section>\n\t\t\t<div class=\"section-inner socials-section\">\n\t\t\t\t<div class=\"top-socials-bar mob-mar-b-hlf\">    <div class=\"social-links mob-mar-b-hlf mob-mar-t-hlf\">\n            <a class=\"social-button-wrapper sharing-custom sharing-email\" href=\"mailto:?subject=Where Did My Money Go?: The Rising Cost of Groceries in Canada &#038;body=Hi, I thought you might be interested in this article from RBC My Money Matters: https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/debt-and-stress-relief\/struggling-to-make-ends-meet\/where-did-my-loonies-go-the-rising-cost-of-groceries-in-canada\/\">\n        <img decoding=\"async\" src=\"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/plugins\/rbc-blocks\/assets\/img\/icons\/icon-email.svg\"\n          alt=\"envelope icon\">\n        <span>\n          Email        <\/span>\n      <\/a>\n      <div class=\"social-button-wrapper sharing-copy-wrapper\">\n        <button class=\"sharing-custom sharing-copy\" data-url=\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/debt-and-stress-relief\/struggling-to-make-ends-meet\/where-did-my-loonies-go-the-rising-cost-of-groceries-in-canada\/\">\n          <img decoding=\"async\"\n            src=\"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/plugins\/rbc-blocks\/assets\/img\/icons\/icon-related.svg\"\n            alt=\"copy icon\">\n          <span id=\"sharing-copyUrl-Label\">\n            Copy URL          <\/span>\n        <\/button>\n        <input type=\"text\" class=\"sharing-copy-text\" aria-labelledby=\"sharing-copyUrl-Label\">\n      <\/div>\n    <\/div>\n  <\/div>\n\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section>\n\t\t\t<div class=\"section-inner w-half w-mob-full centered-margin pad-tb-0 mob-mar-t-hlf mob-mar-b\">\n\t\t\t\t<p class=\"cover-pub-line text-xs mar-b-hlf\">Published May 8, 2024 \u2022 4 Min Read<\/p>\t\t\t<\/div>\n\t\t<\/section>\n\t<\/div>\n<\/div>\n\n\n\n<section class=\"wp-block-rbc-section-block  pos-rel\" style=\"border-radius:0px\">\n<div class=\"wp-block-rbc-section-inner-block  section-inner w-half w-mob-full\" style=\"border-radius:0x\">\n<p class=\"has-text-align-left\"><em>In collaboration with RBC<\/em><\/p>\n\n\n\n<p>There was a time when a&nbsp;filling a grocery cart&nbsp;was quick and painless. Today, it can feel like a one-two punch. Over the last five years,&nbsp;rising prices of staples like potatoes (+36%) and ground beef (+27%) caused&nbsp;many Canadians&nbsp;to&nbsp;change their shopping habits.&nbsp;And despite the changes, Canadians still face substantially higher food costs.&nbsp;<\/p>\n\n\n\n<p>Here&#8217;s&nbsp;how food inflation is impacting Canadian families.&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Infographic: The Rising Cost of Groceries in Canada<\/h2>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" height=\"1024\" width=\"199\" src=\"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2024\/05\/INFO_Graphic_GROCERIES.jpg?quality=80&amp;w=199\" alt=\"\" class=\"wp-image-86748\" srcset=\"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2024\/05\/INFO_Graphic_GROCERIES.jpg 2709w, https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2024\/05\/INFO_Graphic_GROCERIES.jpg?resize=768,3951 768w, https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2024\/05\/INFO_Graphic_GROCERIES.jpg?resize=199,1024 199w, https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2024\/05\/INFO_Graphic_GROCERIES.jpg?resize=398,2048 398w\" sizes=\"auto, (max-width: 199px) 100vw, 199px\" \/><\/figure>\n\n\n\n<h3 class=\"wp-block-heading\">Families are paying the price<\/h3>\n\n\n\n<p>Take a look at a family of four: A couple with a 5-year-old boy and a 10-year-old girl. Over the last&nbsp;five&nbsp;years, their food expenses jumped 26%,&nbsp; according to&nbsp;data from the&nbsp;<a href=\"https:\/\/www.dal.ca\/sites\/agri-food\/research\/canada-s-food-price-report-2024.html\" target=\"_blank\" data-dig-id=\"LP-86744-39b4664d\" data-dig-category=\"LP\" data-dig-action=\"link click\" data-dig-label=\"Agri-Food Analytics Lab at Dalhousie University\" rel=\"noreferrer noopener\" class=\"rbc-link-format\">Agri-Food Analytics Lab at Dalhousie University<\/a>. In 2019, they spent an average of $974 per month on food. Fast forward to 2024, and the average monthly spend now tips the scales at $1,227. &nbsp;<\/p>\n\n\n\n<p>Since Canadians have&nbsp;adapted their spending habits,&nbsp;this scenario doesn&#8217;t capture the full impact of food inflation. To give you a more accurate idea,&nbsp; a $1,000 grocery basket&nbsp;in 2019&nbsp;increased to $1296 in 2024 &#8211; a 29.6% hike.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Inflation of family favourites<\/h3>\n\n\n\n<p>Food inflation has been a problem for Canadians for some time.<\/p>\n\n\n\n<table class=\"table-stack wp-block-rbc-stackable-table-block regular is-style-table-striped mar-b-hlf col-stack\"><tbody><tr><td><\/td><td>2020<\/td><td>2021<\/td><td>2022<\/td><td>2023<\/td><td>2024 (prediction)<\/td><\/tr><tr><td>Bakery and cereal products<\/td><td>2.20%<\/td><td>1.70%<\/td><td>14.80%<\/td><td>8.00%<\/td><td>6.00%<\/td><\/tr><tr><td>Dairy<\/td><td>3.10%<\/td><td>5.10%<\/td><td>9.70%<\/td><td>4.00%<\/td><td>2.00%<\/td><\/tr><tr><td>Fruits<\/td><td>1.80%<\/td><td>2.50%<\/td><td>11.40%<\/td><td>3.00%<\/td><td>2.00%<\/td><\/tr><tr><td>Vegetables<\/td><td>2.40%<\/td><td>-2.10%<\/td><td>12.70%<\/td><td>7.60%<\/td><td>6.00%<\/td><\/tr><tr><td>Meat<\/td><td>6.10%<\/td><td>9.50%<\/td><td>7.60%<\/td><td>4.40%<\/td><td>6.00%<\/td><\/tr><tr><td>Seafood<\/td><td>2.60%<\/td><td>2.50%<\/td><td>7.60%<\/td><td>4.30%<\/td><td>4.00%<\/td><\/tr><tr><td>Non-alcoholic beverages and other food products<\/td><td>1.80%<\/td><td>5.30%<\/td><td>12.80%<\/td><td>6.70%<\/td><td>3.00%<\/td><\/tr><tr><td>Restaurant<\/td><td>2.10%<\/td><td>3.10%<\/td><td>7.50%<\/td><td>6.10%<\/td><td>4.00%<\/td><\/tr><\/tbody><\/table>\n\n\n\n<p>Source:&nbsp;<a href=\"https:\/\/www.dal.ca\/sites\/agri-food\/research\/canada-s-food-price-report-2024.html\" target=\"_blank\" data-dig-id=\"LP-86744-a54fe02e\" data-dig-category=\"LP\" data-dig-action=\"link click\" data-dig-label=\"Annual food price reports from the Agri-Food Analytics Lab\" rel=\"noreferrer noopener\" class=\"rbc-link-format\">Annual food price reports from the Agri-Food Analytics Lab<\/a>&nbsp;at Dalhousie University<\/p>\n\n\n\n<p>Food expenses increased by more than 30% in three of the eight categories: bakery and cereals, meat, beverages and other food products. But all categories increased by at least 20%.<\/p>\n\n\n\n<p>Given a grocery budget of $1,000 per month in 2019, the average household would have spent $144 on meat.&nbsp;Now they would spend $199 on meat. And for people who like takeout or dining at restaurants, costs have&nbsp;<a href=\"https:\/\/www150.statcan.gc.ca\/t1\/tbl1\/en\/tv.action?pid=1810024501&amp;pickMembers%5B0%5D=1.11&amp;cubeTimeFrame.startMonth=01&amp;cubeTimeFrame.startYear=2019&amp;cubeTimeFrame.endMonth=01&amp;cubeTimeFrame.endYear=2024&amp;referencePeriods=20190101%2C20240101\" target=\"_blank\" data-dig-id=\"LP-86744-d5d9e53c\" data-dig-category=\"LP\" data-dig-action=\"link click\" data-dig-label=\"increased from $269 to $336 per month\" rel=\"noreferrer noopener\" class=\"rbc-link-format\">increased from $269 to $336 per month<\/a>.<\/p>\n\n\n\n<p>Other products have seen&nbsp;significant price increases. Ground beef increased from $8.88\/ kg to $11.16. Non-meat eaters haven\u2019t fared much better. The price of tofu (350 g) increased 16%. Canned tomatoes, a popular pantry staple, increased 54%. Should margarine be considered a luxury product? Perhaps, given its dramatic 71% price increase over the last five&nbsp;years.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Shrinkflation: Why you don\u2019t always realize you&#8217;re&nbsp;paying more<\/h3>\n\n\n\n<p>Many companies adopted shrinkflation:&nbsp; Reducing the size of packaging to increase profit margins in the face of increasing costs. The problem is so pervasive that&nbsp;<a href=\"https:\/\/www.cbc.ca\/news\/business\/shrinkflation-legislation-canada-1.7114612\" target=\"_blank\" data-dig-id=\"LP-86744-6ad303ed\" data-dig-category=\"LP\" data-dig-action=\"link click\" data-dig-label=\"CBC recently covered the topic\" rel=\"noreferrer noopener\" class=\"rbc-link-format\">CBC recently covered the topic<\/a>.<\/p>\n\n\n\n<p>Do you like to bake? Buyer beware that Redpath sugar shrunk from 2 kg to 1.5 kg, a 25% cut. The 80 g Doritos bag is now 72 g, and Dawn soap went from 479 ml to 431 ml, staying at the same price. Pantry products, like snacks and frozen foods, are the most common shrinkflation offenders.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">What is the monthly cost to feed your family?<\/h3>\n\n\n\n<p>Because nutritional needs vary across gender and age, the cost of food varies.&nbsp; The most expensive family members to feed are pregnant and breastfeeding women and teenagers&nbsp;between 14 and 18.&nbsp;Their monthly food expenses, in 2024, rings in at $363 and $388 per month respectively. Toddlers cost less, with an average of $197 monthly.&nbsp;Based on this research, Canadians can expect their grocery bill to be 26% to 30.25% higher today than it was in 2019.&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Strategies for saving<\/h3>\n\n\n\n<p>Faced with food inflation, there are few choices: change brands or stores, or hunt for discounts. To adapt, Canadians are moving away from traditional grocery stores in favour of big box stores.&nbsp;<\/p>\n\n\n\n<p>In fact, the share of sales at big box stores increased&nbsp;<a href=\"https:\/\/www150.statcan.gc.ca\/n1\/pub\/36-28-0001\/2023007\/article\/00005-eng.htm\" target=\"_blank\" data-dig-id=\"LP-86744-4b19f6a9\" data-dig-category=\"LP\" data-dig-action=\"link click\" data-dig-label=\"from 21.6% at the start of 2021 to 25.9% at the end of 2022\" rel=\"noreferrer noopener\" class=\"rbc-link-format\">from 21.6% at the start of 2021 to 25.9% at the end of 2022<\/a>. Canadians also reduced the quantity of food purchased. According to the same study, 86% of Canadians have changed their consumption habits, with most of them now purchasing fewer items than before. Fresh produce is the most purchased discounted item, closely followed by meats. As a result,&nbsp;<a href=\"https:\/\/cdn.dal.ca\/content\/dam\/dalhousie\/pdf\/sites\/agri-food\/Discount%20survey%20EN.pdf\" target=\"_blank\" data-dig-id=\"LP-86744-d0562343\" data-dig-category=\"LP\" data-dig-action=\"link click\" data-dig-label=\"29.8%\" rel=\"noreferrer noopener\" class=\"rbc-link-format\">29.8%<\/a>&nbsp;of Canadians now choose their store based on relevant&nbsp;<a href=\"https:\/\/hardbacon.ca\/en\/budget\/couponing-sites-in-canada\/\" target=\"_blank\" data-dig-id=\"LP-86744-14981f36\" data-dig-category=\"LP\" data-dig-action=\"link click\" data-dig-label=\"discounts\" rel=\"noreferrer noopener\" class=\"rbc-link-format\">discounts<\/a>.<\/p>\n\n\n\n<p><\/p>\n\n\n\n<div class=\"wp-block-rbc-rbc-default-collapsible\"><p><button class=\"collapse-toggle collapsed\" data-target=\"#collapse834a1009\" data-toggle=\"collapse\" aria-expanded=\"false\" aria-controls=\"collapse834a1009\" data-dig-id=\"LP-57738-834a1009\" data-dig-category=\"LP\" data-dig-action=\"accordion closed\" action-closed=\"accordion closed\" action-opened=\"accordion open\" data-dig-label=\"Things our lawyers want you to know\"><span>Things our lawyers want you to know<\/span><span>Things our lawyers want you to know<\/span><\/button><\/p><div class=\"collapse-content collapse\" id=\"collapse834a1009\">\n<div class=\"wp-block-rbc-collapsible-inner-block collapse-inner\">\n<p>This article is intended as general information only and is not to be relied upon as constituting legal, financial or other professional advice. A professional advisor should be consulted regarding your specific situation. Information presented is believed to be factual and up-to-date but we do not guarantee its accuracy and it should not be regarded as a complete analysis of the subjects discussed. All expressions of opinion reflect the judgment of the authors as of the date of publication and are subject to change. No endorsement of any third parties or their advice, opinions, information, products or services is expressly given or implied by Royal Bank of Canada or any of its affiliates.<\/p>\n<\/div>\n<\/div><\/div>\n\n\n\t\n\t<div class=\"wp-block-tk-spacer id-31574144-07c4-4ad1-a378-44628ef50e14\" aria-hidden=\"true\"><\/div>\n\t\n\n\n<p class=\"has-text-align-center h5 mar-b\"><strong>Share This Article<\/strong><\/p>\n\n\n\n\t\t<div class=\"socials-block\">\n\t\t\t    <div class=\"social-links mob-mar-b-hlf mob-mar-t-hlf\">\n            <a class=\"social-button-wrapper sharing-custom sharing-email\" href=\"mailto:?subject=Where Did My Money Go?: The Rising Cost of Groceries in Canada &#038;body=Hi, I thought you might be interested in this article from RBC My Money Matters: https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/debt-and-stress-relief\/struggling-to-make-ends-meet\/where-did-my-loonies-go-the-rising-cost-of-groceries-in-canada\/\">\n        <img decoding=\"async\" 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class=\"wp-block-tk-spacer id-6a4db0db-1d92-4be1-87fd-2cd2d649e045\" aria-hidden=\"true\"><\/div>\n\t\n\n\n\t\t\t<div class=\"wp-block-rbc-single-post-topics related-topics-links\">\n\t\t\t\t<p class=\"h5 mar-r-hlf\">Topics:<\/p>\n\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/topic\/budgeting\/\" class=\"btn topic mar-t-0 mar-r-qtr mar-b-hlf\">Budgeting<\/a>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t<\/div>\n<\/section>\n\n\n\n<section class=\"wp-block-rbc-section-block  pos-rel mob-pad-t-dbl\" style=\"border-radius:0px\">\n<div class=\"wp-block-rbc-section-inner-block  section-inner\" style=\"border-radius:0x\">\n<h2 class=\"wp-block-heading mar-b mob-mar-b-dbl mar-t-0\" id=\"h-read-this-next\">Read This Next<\/h2>\n\n\n\t\t\t<div class=\"related-posts-type-2\">\n\t\t\t\t<div class=\"related-post-list\">\n\t\t\t\t\t<ul class=\"grid-wpr eh-wpr\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<li class= 'grid-one-third grid-tb-full grid-mob-full mar-b'>\n\t\t\t\t\t\t\t\t\t\t<article class=\"col-wpr mar-b-0 mar-r-0 mar-l-0\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"postcard-img-ctr post-card-image col-md-12 col-xs-6 mob-mar-b-0 pad-l-0\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"721\" src=\"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2026\/03\/shutterstock_624590444.jpg?quality=80&amp;w=1024\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"Two people smiling and holding shopping bags after a shopping trip\" srcset=\"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2026\/03\/shutterstock_624590444.jpg 5213w, https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2026\/03\/shutterstock_624590444.jpg?resize=300,211 300w, https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2026\/03\/shutterstock_624590444.jpg?resize=768,541 768w, https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2026\/03\/shutterstock_624590444.jpg?resize=1024,721 1024w, https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2026\/03\/shutterstock_624590444.jpg?resize=1536,1082 1536w, https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2026\/03\/shutterstock_624590444.jpg?resize=2048,1443 2048w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"card-details mob-mar-b-0 mob-mar-t-0 pad-r-0 col-md-12 col-xs-6\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"primary-taxonomy primary-link\" href=\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/debt-and-stress-relief\/struggling-to-make-ends-meet\/managing-expenses\/\">\n\t\t\t\t\t\tManaging Expenses\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/debt-and-stress-relief\/struggling-to-make-ends-meet\/managing-expenses\/what-is-lifestyle-creep-signs-examples-and-how-to-stop-it\/\" class=\"card-title h4 mar-t-0\">What is Lifestyle Creep? Signs, Examples and How To Stop It<\/a>\n\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t<\/article>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<li class= 'grid-one-third grid-tb-full grid-mob-full mar-b'>\n\t\t\t\t\t\t\t\t\t\t<article class=\"col-wpr mar-b-0 mar-r-0 mar-l-0\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"postcard-img-ctr post-card-image col-md-12 col-xs-6 mob-mar-b-0 pad-l-0\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"930\" height=\"620\" src=\"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2023\/09\/thumb-account-matchmaker_402x-2.jpg?quality=80&amp;w=930\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" srcset=\"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2023\/09\/thumb-account-matchmaker_402x-2.jpg 930w, https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2023\/09\/thumb-account-matchmaker_402x-2.jpg?resize=300,200 300w, https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2023\/09\/thumb-account-matchmaker_402x-2.jpg?resize=768,512 768w\" sizes=\"auto, (max-width: 930px) 100vw, 930px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"card-details mob-mar-b-0 mob-mar-t-0 pad-r-0 col-md-12 col-xs-6\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"primary-taxonomy primary-link\" href=\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/money-academy\/banking-basics\/account-types\/\">\n\t\t\t\t\t\tAccount Types\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/money-academy\/banking-basics\/account-types\/account-matchmaker-should-you-get-a-chequing-account-savings-account-or-both\/\" class=\"card-title h4 mar-t-0\">Account Matchmaker: Should You Get a Chequing Account, Savings Account or Both?<\/a>\n\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t<\/article>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<li class= 'grid-one-third grid-tb-full grid-mob-full mar-b'>\n\t\t\t\t\t\t\t\t\t\t<article class=\"col-wpr mar-b-0 mar-r-0 mar-l-0\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"postcard-img-ctr post-card-image col-md-12 col-xs-6 mob-mar-b-0 pad-l-0\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"930\" height=\"620\" src=\"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2023\/09\/thumb-what-empty-nest_402x-2.jpg?quality=80&amp;w=930\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"Father with young adult son sitting together in a living room, smiling and laughing conveying a sense of togetherness and harmony\" srcset=\"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2023\/09\/thumb-what-empty-nest_402x-2.jpg 930w, https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2023\/09\/thumb-what-empty-nest_402x-2.jpg?resize=300,200 300w, https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2023\/09\/thumb-what-empty-nest_402x-2.jpg?resize=768,512 768w\" sizes=\"auto, (max-width: 930px) 100vw, 930px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"card-details mob-mar-b-0 mob-mar-t-0 pad-r-0 col-md-12 col-xs-6\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"primary-taxonomy primary-link\" href=\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/life-events\/finances-and-relationships\/parenthood\/\">\n\t\t\t\t\t\tParenthood\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/life-events\/finances-and-relationships\/parenthood\/when-adult-children-move-back-home-how-parents-can-protect-finances-and-relationships\/\" class=\"card-title h4 mar-t-0\">When Adult Children Move Back Home: How Parents Can Protect Finances and Relationships<\/a>\n\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t<\/article>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t\t\t\t\t<\/ul>\n\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t<\/div>\n<\/section>\n<style class=\"advgb-styles-renderer\">\n\t\t.wp-block-tk-spacer.id-31574144-07c4-4ad1-a378-44628ef50e14 {\n\t\theight: 96px;\n\t}\n\n\t@media ( max-width: 480px ) {\n\t\t.wp-block-tk-spacer.id-31574144-07c4-4ad1-a378-44628ef50e14 {\n\t\t\theight: 30px;\n\t\t}\n\t}\t\n\t\t.wp-block-tk-spacer.id-6a4db0db-1d92-4be1-87fd-2cd2d649e045 {\n\t\theight: 60px;\n\t}\n\n\t@media ( max-width: 480px ) {\n\t\t.wp-block-tk-spacer.id-6a4db0db-1d92-4be1-87fd-2cd2d649e045 {\n\t\t\theight: 30px;\n\t\t}\n\t}\t<\/style>","protected":false},"excerpt":{"rendered":"<p>With rising inflation, many Canadians have turned to couponing and other strategies to help stretch their dollar. Understand where your loonies are really going!   <\/p>\n","protected":false},"author":80,"featured_media":86753,"parent":57253,"menu_order":0,"template":"","meta":{"_acf_changed":false,"advgb_blocks_editor_width":"","advgb_blocks_columns_visual_guide":"","footnotes":""},"tags":[517],"rbc_content_type":[31],"rbc_audience":[],"rbc_lob_group":[509],"rbc_difficulty_level":[33],"rbc_mmm_category":[318,367,302,304,306],"class_list":["post-86744","rbc_my_money_matter","type-rbc_my_money_matter","status-publish","has-post-thumbnail","hentry","tag-budgeting","rbc_content_type-article","rbc_lob_group-accounts","rbc_difficulty_level-beginner","rbc_mmm_category-banking-basics","rbc_mmm_category-budgeting","rbc_mmm_category-debt-stress-relief","rbc_mmm_category-money-academy","rbc_mmm_category-struggling-to-make-ends-meet"],"acf":{"contently_publication_id":"","custom_author":"Royal Bank of Canada","rbc_video_header":"","rbc_media_duration":"","rbc_toc_for_mmm_tag":"h2","rbc_toc_for_mmm_limit":6,"rbc_toc_for_mmm":null,"rbc_toc_for_mmm_action":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.2 (Yoast SEO v27.2) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<meta name=\"description\" content=\"With rising inflation, many Canadians have turned to couponing and other strategies to help stretch their dollar. 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