How I save 60 percent of my money in Vancouver, Canada

Are you struggling to find a way to save money in Canada? Are you willing to save half of your income or even more? You are in the right place!

According to the BDO reports 27% of Canadians don’t have enough for their daily needs. In other words, the Majority of Canadians living paycheque to paycheque.

I am not going into too much detail about how much exactly I save since I do not want to disclose my income, but roughly I save 60-70% of my income.

FYI, It has been only 3 years since I moved to Canada and I am not making a lot of money. I only make around 50k before tax. In other words, you can do it if you are making more than me!

Here’s the breakdown of my typical expense per month.

Rent $1400

Groceries and Household goods $450-500⠀

Food and Beverage $100-150⠀

Cell and Internet $85⠀

Hydro and Netflix $50

Public Transportation $15

Misc $100-200⠀

Total $2,200-2,400

I am married, so I split these with my wife. Therefore, my monthly spending would be $1,100-1,200.

Rent $1,400

I live in the Metro Vancouver area which is one of the most expensive cities in Canada, but I have managed to only pay 1,400 CAD per month for a 1-bedroom 650sqft apartment.

According to Zumper, the average 1-bedroom Rent in Vancouver is $1,900, so I pay $500 less than the average.

I will talk about my apartment in another post in the future.

Vancouver rent
My Living Room

Groceries and Household goods $450 – $500

This category covers groceries and household goods such as bathroom tissue, shampoo, cosmetics, etc. I believe this category is something you can easily reduce. I used to spend 600-700 CAD per month, but now I only spend 450-500 per month.

There are a few money-saving tips in terms of grocery shopping. I talked about this in another post.

Food and Beverage $100 – $150

I love eating out at a restaurant. Who doesn’t like it? BUT, you should be really careful with dining out. Once you get used to it, it is extremely difficult to go back.

I used to eat out 2-3 times a week, spend $300-400, that’s almost $4000 per year! That’s certainly too much if you make $40,000 per year.

I set the rule for Food and Beverage expenses. I call it the 5% rule. Food and Beverage cost such as eating out at a restaurant, buying beer or wine can not exceed 5% of total spending. My total expense is $2,400 per month, so I only can spend $120.

Cell phone and Internet plan $85⠀

My wife and I joined Public mobile a year ago, and we only pay $25 per month for both. The plan only includes 100 minutes, but we really don’t need data since we are both working from home.

As for the internet plan, I pay $50 for SHAW 300. If you are paying more than $50, call your provider now, and try to negotiate with them.

Public Transportation $15

I bike to work and have no car, and I take a bus once a week. Do we really need a car in a big city like Vancouver? Certainly not.

Misc $100 – $200

This category covers the remainder of my expense such as gifts, clothes, supplements, etc. I barely buy clothes and use the Facebook marketplace when it’s possible.


Thanks for reading my very first post. I just wanted to give you the summary of my monthly expense. I will take a deeper look at each category in another post.

Please don’t get overwhelmed if you think you spend too much. It will take some time to kick the habit. Start saving 30% of your income, and gradually increase the amount of savings.

I would like to hear your story. Please feel free to share what is your tips to save money.

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