Question 1

What is the 50/30/20 rule?

Accepted Answer

It is a simple budgeting split: about 50% of after-tax income for needs, 30% for wants, and 20% for savings and debt repayment. The planner helps you see how your spending matches that pattern.

Question 2

Is the budget based on my real take-home pay?

Accepted Answer

You can enter income and the tool uses province-aware tax assumptions to estimate take-home pay, or you can type your net pay directly. Treat outputs as a planning guide.

Question 3

How are savings recommendations generated?

Accepted Answer

Recommendations are based on your inputs and common Canadian account types (TFSA, RRSP, FHSA). They are illustrative and not a substitute for personalized advice.

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