Money Foundations

The basics. Budgets, bills, banks, debt.

Module 1 of 8

What money actually does for you

What you'll learn

The four jobs of money: spend, save, invest, give
Income vs wealth — paycheque vs net worth
Why "pay yourself first" works
The difference between needs, wants, and savings goals

The Canadian number

$520,000

Canadian household median net worth

Source: Statistics Canada 2023

The story

Average Canadian household 'net worth' is often quoted as $1.04M — but the median (middle Canadian) is closer to $520k. Averages lie when a few billionaires drag the mean.

This week's action

Write down your take-home pay and your three biggest monthly expenses today.