Our Canadian Budgeting Journey
It was in January 2012 when we finally decided to start our Canadian budgeting journey.
Spending and saving money was simple, or so we thought.
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.
There are Canadian websites offering deals, couponing, finance, etc., but I wanted to share our budget so others could be inspired, challenged, and save money.
Our Canadian Budgeting journey needed to be as strict as a lifestyle change.
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, 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 were spending far too much on the variables. Well, that all changed.
Looking back, I will post some of the past years’ details for your reading pleasure so you can 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 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 guru 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 finance.
Thanks for stopping by,
Mr. CBB
