Spending and saving money was simple, so we thought. It was in January 2011 when we finally decided to start a budget. With no budgeting experience we took it upon ourselves to design our own budget.
I’ve read many financial resource books by Gail Vaz Oxlade and am currently reading ‘The Wealthy Barber Returns” by David Chilton.
There are many websites where you can reap the rewards of deals, couponing, finance etc but I wanted to share our budget so others could be inspired, challenged and save money!
Budgeting needs to be as strict as a lifestyle change. Yes, it does take time and effort but in the end you reap the rewards of your hard-earned goals that 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, 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, RRSP’s, TFSA’s etc. we were spending far too much on the variables. Well that all changed.
Looking back and I will post some of the past years details for your reading pleasure you can clearly see how changes were made. I will also post a month to month budget of our daily living and updates on our net worth.
In keeping with our privacy we are not disclosing names but hope that you benefit from a middle class family and our journey.
Come along for the ride and see how we enjoy our life, save for the future and hit road blocks along the way. I’m by no means a financial guru but a normal person just like you striving to understand how to be comfortable in retirement, and having a savings pad in case of emergency.
I learned it’s not about how much money you make it’s what you do with it that counts.
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