Budget Calculator


If you are looking for a quick household monthly budgeting plan, the CIBC Budget Calculator can provide you with a clear picture of where you are and where you should be with your expenses.

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Wages / Salary

 
 
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Investment

 
 
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Rental income

 
 
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Tax refund

 
 
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Other

 
 
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Rent/Mortgage

 
 
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Utilities

 
 
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Maintenance

 
 
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Phone/Internet/TV

 
 
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Groceries

 
 
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Clothing & accessories

 
 
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Other

 
 
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Public transit

 
 
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Vehicle

 
 
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Other

 
 
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Day care

 
 
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Activities/Lessons

 
 
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Other

 
 
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Vision

 
 
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Dental

 
 
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Drug prescriptions

 
 
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Other

 
 
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RESP contributions

 
 
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RRSP contributions

 
 
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TFSA contributions

 
 
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Loan payments

 
 
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Credit card payments

 
 
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Insurance

 
 
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Other

 
 
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Fitness

 
 
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Travel

 
 
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Hobbies

 
 
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Pets

 
 
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Entertainment

 
 
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Dining out

 
 
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Jul Aug Sep Oct Nov Dec

Subscriptions

 
 
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Other

 
 
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Your Results

You save about  each year, which you may wish to use to pay down your debts and build your net worth faster.

You spend about  more than you make each year, which may lead you into further debt and prevent you from reaching your financial goals.

Lowering your fees is a great way to free up some money. Consider a no-fee credit card such as the CIBC Platinum Visa Card. It lets you do your everyday shopping, and there is no annual fee.

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You spend about  more than you make each year, which may prevent you from reaching your financial goals.

The easiest way to manage your debt is by consolidating high interest balances into a low-interest loan or line of credit. — which reduces interest payments and the number of bills you have to pay every month. Apply now or talk to your advisor.

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It’s easy to make regular contributions to your RRSP. Consider a CIBC RRSP daily interest savings account, which guarantees your principal and interest and allows complete access to the money if you need it.

Purchase or contribute

Consider a CIBC Registered Education Savings Plan to help you save for your child's post-secondary education so that you'll have the funds you need when you need them.

Consider the CIBC TFSA Tax Advantage Savings Account. With this account you can earn a competitive, guaranteed high interest rate tax-free and you have access to your money any time.

Purchase or contribute

Maximize your savings with the CIBC eAdvantage Savings Account, which pays high interest when your balance is $5,000 or more.

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Consider CIBC guaranteed investment certificates, which provide you with safe and flexible investment options.

Purchase or contribute
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Income
Expense
$0
$10000
$20000
$30000
$40000
$50000
$60000
$70000
$80000
$90000
$90000

Annual Cash Flow

Total income: $0
Total expenses: $0
Surplus Shortfall $0

PLEASE NOTE: This calculator provides general information only; it does not provide specific tax advice. We recommend that you consult a CIBC advisor when planning for your financial goals. Amounts projected by the calculator are based on the information you enter and a variety of estimates and assumptions. Actual earnings and other factors will vary over time. As a result, CIBC cannot guarantee the results. You should repeat the analysis periodically with updated information and when important changes occur in life circumstances, needs or resources.

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Month-to-month Summary