This is the budget breakdown of a millennial couple making $87,000 in Toronto and saving $2,300 a month. (via CNBCMakeIt)
series, which profiles people across the U.S. and details how they earn, save and spend their money.
While Den didn't learn much about money management as a kid, he knew that he wanted to earn a lot one day. That's part of the reason he chose to get a business degree and pursue consulting after graduating university. He's not making nearly as much as he eventually wants to — he earns $42,765 USD* as a consultant at a "Big Four" accounting firm — but that's standard for someone just starting out in his industry, he explains: "I knew what I was signing up for.
Den, on the other hand, who also earned a business degree at the same university, graduated with about $30,000 in student debt. While he makes roughly the same amount as his girlfriend and has the same fixed costs, he doesn't have nearly as much in savings: closer to $5,000. Before the pandemic, he was putting all of his extra money at the end of the month toward his loans and barely anything in a savings account.
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