Food is one of the largest weekly expenses for the majority of Canadians; it’s a necessary cost and therefore can often make or break a budget. Seasons, stores and even the weather can all dictate how much we spend on our food. While most financial experts suggest that we spend no more than 15% of our income on food, it can be very difficult to achieve this. Let’s take a look at how much Canadians are spending on food, both on a national and provincial level.
Caitlin Wood is the Editor-in-Chief at Loans Canada and specializes in personal finance. She is a graduate of Dawson College and Concordia University and has been working in the personal finance industry for over ten years. Caitlin has covered various subjects such as debt, credit, and loans. Her work has been published on Zoocasa, GoDaddy, and deBanked. She believes that education and knowledge are the two most important factors in the creation of healthy financial habits. She also believes that openly discussing money and credit, and the responsibilities that come with them can lead to better decisions and a greater sense of financial security.
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