Budgeting
A budget worksheet is available online
to help you keep track of where your
money is coming from and where it is
going to: https://cba.ca/Assets/CBA/
Documents/Files/Article%20Category/
PDF/cba_budgetworksheet_en.pdf
A free budget calculator is available
online at:
http://www.mymoneycoach.ca/
budgeting/budgeting-calculators-tools/
budgeting-spreadsheet
Photo credit 401(K) 2013 via Visual hunt CC BY-SA
Tips to get you started
Get organized. Record all of your spending so you know where your money
goes and where you can cut spending.
Identify your short-term and long-term goals, and build saving for them
into your budget. For example, a short-term goal could be buying new
furniture. It is also important to start saving early for long-term goals like
retirement.
Divide your expenses into two groups: things you need, such as
groceries, and things you want, such as tickets to a concert.
Make "being debt-free" one of your goals. List all your debts and the
interest rate you are paying on each of them and track your progress in paying
them off.
Stick to your plan.
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