Monthly Archives: November 2013

We’ve just been reviewing how to analyze our expenses. How hard is it to find expense savings in your budget?

You’ve completed your 30 day spending journal and created a budgeting spreadsheet of all your income and expenses. It’s possible that you’ve discovered you are spending more than you make each month. Now that you know where your money goes, you can begin to analyze your expenses and look for… Read more

How do you know if you are spending your money wisely or not? How much is too much for different expense categories? ¬†While every household budget is different (you may have kids, someone else lives alone) credit counsellors and financial advisors often use specific spending ratios to analyze living expenses,… Read more

A step by step infographic to help you understand the differences between discretionary and non-discretionary as well as fixed and variable expenses and how to target each type of expense for savings.

The best budget is based on knowing where you spend your money now.

For a budget to be successful, it must be accurate. Here is a tip sheet on expenses you do not want to forget to include when preparing your personal budget.

The best budgets are a realistic and accurate representation of your personal finances. That means that you need to plan your budget around a reasonably complete picture of what you earn and what you spend. If you budget to spend $200 a month on groceries and you are much more… Read more

Every detail counts when you are looking for ways to reduce your spending and balance your budget. Here’s our Skip This Get That infographic to highlight how you can change your spending habits for the better.

Debt management and debt reduction can be a long and frustrating process.¬†Where do you start? How do you stay on track? Success depends on knowing you have a strong debt management strategy, complete with goals you can work towards. How should you set your debt management goals? The best goals… Read more

Everyone has different reasons for wanting to budget.