Where Does Your Money Go?
Originally published in MoneySense
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