@jordfinance: This is the paycheque allocation framework I personally follow, and I think it’s a great starting point for young Canadians who want to build wealth while still enjoying their money. Here’s the breakdown: • 50% → Bills & essentials (rent, groceries, utilities, insurance, etc.) • 15% → Invest in your TFSA. • 5% → Build your emergency fund until you have 6 months of living expenses. • 10% → Contribute to your FHSA if you’re saving for your first home. • 5% → Save for vacations or other planned expenses. • 15% → Fun money. Spend it guilt-free because it’s already in your budget. As your income grows, this framework will naturally evolve. Once you’ve built your emergency fund or maxed out your TFSA contribution room, you can redirect those dollars toward an RRSP, a non-registered investment account, or another financial goal that fits your situation. No budget is perfect, but giving every dollar a purpose is one of the best habits you can build. Do you follow a similar system, or would you change these percentages? Let me know below. 👇 This is my personal opinion and is for educational purposes only, not financial advice.

jordfinance

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Tuesday 04 August 2026 17:00:19 GMT