This tool is for informational use only. It is not financial advice – Auburn AI is not a registered financial advisor. Numbers here are estimates; consult a licensed Canadian financial advisor before any major money decision.
Your spending
About this tool
The Monthly Budget Calculator helps you map your take-home income across spending categories like housing, groceries, transportation, savings, and discretionary expenses. It is built for anyone trying to get a clearer picture of where their money goes each month, whether you are starting fresh with a budget or checking if your current spending actually lines up with your priorities. No account needed, no data stored.
Reach for this tool at the start of a new month, after a pay change, or any time your fixed costs shift. It works well alongside a tax calculator if you are figuring out your real net income first, or after running numbers on a big purchase to see how repayments fit your monthly picture.
How to use it
- Enter your total monthly take-home income after taxes in the income field.
- Fill in your fixed expenses such as rent, insurance, and loan payments.
- Estimate variable spending categories like groceries, dining, and transportation.
- Add a savings or investment contribution amount you want to hit each month.
- Review the remaining balance shown and adjust categories until it reaches zero.
- Note or screenshot your final allocation to use as your monthly spending plan.
Pro tips
- Budget irregular annual expenses like car registration by dividing the yearly total by twelve and adding that monthly slice as its own category.
- Set savings as a fixed line item near the top before filling discretionary categories so it does not get squeezed out at the end.