Keeping your spending in check

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Small purchases throughout the year can add up and are easy to overlook. In fact, the average Canadian household spends more per year on bank fees ($185.00) than they do on going to the movies ($171). This guide will give you some tips on how to save on your everyday expenses.

Keeping your spending in check

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Do you keep track of your spending each month?

Did you know that having a budget is the first step to staying on track?

Tracking where your money goes each month is the first step towards getting closer to your financial goal. Since you already have a monthly budget, it’s time to help grow your savings by cutting down on those everyday expenses.

Kudos, my friend. You’re on the right track.

Since you already have a monthly budget, it’s time to help grow your savings by cutting down on those everyday expenses.

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Estimate how much you spend on coffee, tea, or that happy hour drink per day.

These well-deserved treats could add up to your next vacation

Your everyday coffee doesn’t seem like a big spend, but this daily routine can add up and cost you more than you would expect.

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Estimate how much you spend on cable TV per month.

Cut down on cable

The average Canadian household spends $54/month on their cable bill. Television is an important part of our everyday leisure, but alternatives such as streaming services that only cost as low as $12/month can help you save a few extra dollars aside.

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Estimate how much you spend on dining out for lunch per week.

Pack your lunches

Going out for lunch everyday can lead to some troubling financial consequences. Make use of those groceries, set aside time to prepare your lunch and watch your savings grow.

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Estimate how much you spend on groceries per month.

Make a grocery list and stick to it

By sticking to a grocery list, you can have a consistent amount stowed away for groceries. This will allow you to defer from any impulse purchases in the grocery aisles.

Your Spending Summary

Current Spend Recommended Potential Savings
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Nicely done. Looks like you're right on track.
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A little savings goes a long way.

By making these everyday sacrifices you can save
$531.00 in a month or $6,372.00 in a year.
Let's chat. Schedule an appointment and we can help you manage your money.
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Disclaimer

Groceries suggested spend is dependent on the size of your household. According to Statistics Canada, the average BC household spends approximately $684 per month on food expenditures.

Information and interactive calculators are made available to you as self-help tools for your independent use and are not intended to provide investment and borrowing advice. All examples are hypothetical and are for illustrative purposes only. We cannot guarantee and will not be liable for their applicability or accuracy in regards to your individual circumstances. Other fees and costs may be applicable. Please contact us for full details. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.

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Your Spending Summary