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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

Monthly Salary (after deductions for taxes, company pensions, CPP, OAS, EI) $
Other Monthly Income (e.g. Investment Income) $
Total Income $

Monthly Expenses - Fixed

Housing Costs (e.g. mortgages, rent, condo/maintenance fees, property taxes, lawn care and supplies, snow removal, renovations, cleaning and supplies, etc) $
Utilities (gas, water, electric, heat, sewer etc) $
Home Services (home and mobile phone, cable/internet , satellite radio, home security, etc) $
Insurance (auto, home, life, disability, medical/health) $
Child Care (daycare, nanny, child support, etc) $
Loans, Lines of Credit and Credit Cards (monthly payments on existing credit) $
Long Term Savings (Pension, RSP, TFSA, RESP, etc) $
Other Fixed Expenses (Payroll deductions -if not already included elsewhere - insurance, pension, RSP, charitable donations. Alimony, etc) $
Total Expenses - Fixed $

Monthly Expenses - Variable & Discretionary

Groceries $
Entertainment (dining out, movies, concerts, shows, etc) $
Transportation (car lease/loan payment, gas, transit, service & repairs, parking, license & registration, etc) $
Personal care (clothing, gifts, salon, memberships, sport & leisure activities, etc) $
Other Variable Expenses (Uninsured Medical, Pet expenses including veterinarian, Tuition/fees/books, dry cleaning, subscriptions, etc) $
Other Discretionary Expenses (donations, vacation, etc) $
Total Expenses - Variable & 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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