Picture yourself having $3,000 dollars to invest in the run of a year – where would you park your hard-earned dollars? In an RRSP? A TFSA? Maybe neither? For some, this may seem to be a trivial question, but in…
The past year has been a rollercoaster and knowing how to save money for an emergency fund proved to be a lifesaver for some of us. While job loss, sickness and even death were common occurrences back in 2020, those…
Let’s face it, a lot of the cookies and cakes we buy from the store are tasteless and filled with all kinds of crappy ingredients. And they aren’t that cheap either, especially for all that junk we’re gonna eat. So,…
A budget is a plan that lets you know whether or not you are going in the right direction financially. It enables you to improve the quality of your life by letting you know your financial picture at all times.…
We all know the first immutable rule of personal finance: “spend less than you earn and save the rest“. Countless books reiterate this very fact over and over again. But many people find it hard to live by this rule…
Zero Based Budgeting as an Alternative to Traditional Budgeting Budgeting is a wise idea to preserve dollars and make money work more effectively. There are alternatives to traditional budgeting planning and decision making however. With zero based budgeting, it reverses…
Performance based budgeting is the idea that each goal and objective within a company is identified and reported to determine where the budget should be spent. This is a particularly popular method of budgeting today in the public and private…
When it comes to personal finances, there are two types of tools you should know about: budgeting tools and money management tools. The budgeting tools include things like printable budget planners, budget worksheets and online budget calculators. Money management tools…
Budgeting tips to help keep your budget on trackThese budgeting tips will help you keep your money on track and in your wallet. They’re easy things to do and will help you set up a budget, keep to your budget…
In order to live a frugal lifestyle, you will ideally have some sort of financial plan in the works that is put into action by means of following home budgeting worksheets. In order for this to work, everyone in the…