Where Does Your Money Go?

Originally published in MoneySense

July 2012

Compare you spending habits with the rest of Canada

The average Canadian household spent $53,016 in 2010. Shelter accounts for roughly 30% of this total, transportation takes up another 21%, and food eats up 14%—of which more than a quarter is spent on restaurants. Imagine how much you could save by eating in more frequently. How does your spending compare?

  • Shelter: $14,997
  • Income Taxes: $11,936
  • Transportation: $10,999
  • Food: $7,443
  • Insurance and Pension Contributions: $4,013
  • Household Operation: $3,773
  • Recreation: $3,539
  • Clothing and Accessories: $3,452
  • OTHER*: $10,420