Your monthly expenses depend on many things, such as your city, housing type, where you shop, your lifestyle and more.
It is not easy to provide a specific monthly expense for you and your family. Living expenses vary from city to city in Canada. Some household spending surveys estimate that the average family will spend C$66,000 – C$88,000 per year depending on family size.
Different stores charge different prices for food, clothing, and other things you need to live. You may want to ask your relatives, friends, or coworkers where they shop for good prices.
There are also special services or stores in many communities where you can find items for free or a low price.
When looking at monthly expenses, you’ll want to budget carefully. A budget allows you to manage your money, planning your expenses from month to month, and helps you to live within your financial means.
