Personal Finance
Better Finances for a Better You
Topic: "Family Budgeting"
← Curating the web to find the most interesting and helpful
information about your money.
Infographic of the week
How Canadians spent their money in 2021
If you're creating a budget for the first time, it's important to recognize that budgets will differ from person to person and family to family. You should design a budget that suits your needs. One of the best and easiest ways to manage your money is by using a personalized, real-time budgeting app like Neontra, which automatically generates a 50/30/20 budget.
Discover how simple it is to track your spending and compare it daily, monthly, or yearly with Neontra →Word of the week
70-20-10 Budget
The 70-20-10 budget formula divides your after-tax income into three categories: 70% for living expenses, 20% for savings and debt repayment, and 10% for additional savings and donations. By allocating your income into these three distinct buckets, you can more effectively manage your finances on a daily basis.
I Tried the 70-20-10 Rule, and Now I’ll Never Look at My Budget the Same Way by Heather Bien →Infographic of the week
The assets, debts and net worth of Canadian families, 2023
In 2023, the median net worth* of Canadian families Note 1 was $519,700. *Net Worth is the amount that families would have left over if they sold all their assets and paid off all their debts
How do you compare? →Infographic of the week
Canadian Housing Market Data from WOWO
Canada’s housing market buzzed with activity in October 2024 during a month with significant home sales and price changes across the country. In October 2024, the national benchmark home price, which measures the price of a “typical” home, was $707,700, a 0.8% monthly decrease and down 3.2% year-over-year. However, it has jumped 77% over the past decade.
Canadian Housing Market Report →Infographic of the week
British Columbia is the Most Expensive Province in Canada to Live by the visualcapitalist
This graphic ranks the Canadian provinces by their cost of living, represented by an index made up of 55 contributing factors.
British Columbia (BC) and Ontario are Canada’s most expensive places to live by a significant margin →Infographic of the week
How Much You Need to Earn to Afford a House in Each Major Canadian City in 2024
According to the CREA, the national average home price reached $698,530 in March 2024, a 2 per cent increase year over year.
The Cost of Canadian Home Ownership in 2024 →← Curating the web to find the most interesting and helpful information about your money.