11 Habits To Help You Budget Better In The New Year : Our November 2016 Family Budget Update

IT’S TIME TO RAMP UP YOUR BUDGET PLAN SO GRAB A PEN AND START TAKING NOTES.   If you want to budget better and stop stressing over your money issues accept that you must give up something to get something. With the new year approaching many of you might not be thinking about budgeting in 2017 but waiting until the bills start coming due is probably not a smart way to get a fresh start. Household expenses are expected to rise in 2017 and we’ve been warned in part about a few coming our way. With the average Canadian debt load up 3.6% or $22,081 (excluding mortgage) compared to last year it’s critical that we continue to budget better than ever. We will definitely see grocery expenses escalating up $420 per family, carbon tax introduction and other developments that will work their way into our budget. The great news is that budgeting has become a household name and not as frowned upon as it once was considered for people who couldn’t manager their money.  No, No a budget is for everyone even the rich who have proven it’s easy to lose it all when they should have been comfy for […]

When should you stop using a household budget? : June 2015 Budget Update

HOW IMPORTANT ARE YOUR FINANCES?   A household budget sounds so “old school” especially with all the new technology we have today but it’s not. Not much has changed with the household budget apart from the ability to use other forms of budget tracking rather than paper and a pencil. Even so, many people continue to track their household budget the easy way because it’s something they are used to doing. Let’s remember that for further down the post. “It’s something they are used to doing”. Learning how to manage your finances can be as complicated or easy as you want to make it. Everyone has a unique financial situation which may take little to no effort at all or lots of undertaking. Your household budget may be weekly or monthly like ours and at first it seems like a huge chore and it is but over time once you start to see the benefit (and you will). Then,  you might never want to let it go even after you pay off all of your debts. There is some sort of an emotional attachment to the household budget every month comparable to wanting to eat healthy, exercise and be happy […]