Estimated reading time: 4 minutes
We took it upon ourselves to design our budget and kicked off our Canadian budgeting journey in 2012. Discover our tips to save & achieve financial goals.
Spending and saving money were simple, or so we thought.
Factor in buying a house, a vehicle, and having a child, and things get wild!
Getting To Know Canadian Budget Binder
With no budgeting experience, we took it upon ourselves to design our budget.
I’ve read many finance books, although my favourites are ‘The Wealthy Barber and The Wealthy Barber Returns” by David Chilton.
A guide to gaining financial independence simplifies and clarifies the subject of personal financial planning, describing how anyone can become wealthy without speculation and unnecessary risk
David Chilton
There are Canadian deal and coupon websites with finance tips, but I wanted to share our budget journey to inspire, challenge, and help others save money.
Our Canadian Budgeting journey needed to be as strict as a lifestyle change but with room to include fun.
Budgeting takes time and effort, but in the end, you reap the rewards of the hard-earned goals you achieve.
So, month by month, we plugged away all the details of our finances right down to the Tim Horton’s coffee. (Yes, we were that nit-picky from the start as it all counts)
It’s no surprise to say we were in awe after the first few months of how much money we were spending.
Although we had an emergency fund, RRSPs, TFSA, etc., we spent far too much on the variables. Well, that all changed.
Looking back, I will post some of the details from past years for your reading pleasure so you can see how changes were made.
I will also post a month-to-month budget for our daily living and unexpected expenses.
A Middle-Class Family Financial Journey
In keeping with our privacy, we are not disclosing names but hope you benefit from a middle-class family and our journey.
Come along and see how we enjoy life, save for the future, and hit roadblocks.
I’m not a financial mastermind but an average person striving to understand how to be comfortable in retirement and have a savings plan in case of an emergency.
I learned it’s not about how much money you make; what you do with it counts.
Welcome, and please subscribe to my frugal living finance blog for Canadians or anyone who wants to learn about how money works.
Don’t forget to grab a free copy of my Emergency Binder and 51-page Budget Binder.
Thanks for stopping by,
Mr. CBB