Tag: monthly budget

Creating a budget, part 2- tracking income and aiming for balance

On By StephanieIn Budgeting, Planning1 Comment

Note: the following is primarily aimed for Canadian residents. Terms like CPP and EI are payroll deductions for Canada.   It turns out tracking income is not always easy. “Income” is defined as salary, commissions and various types of payments. It is tangible. A future bonus or commission is not an income, as long as …

Continue reading Creating a budget, part 2- tracking income and aiming for balance

Creating a budget, part 1- tracking expenses

On By StephanieIn Budgeting, Planning1 Comment

A lot people try to create a monthly budget from scratch and are unsuccessful. In most cases the numbers don’t add up or don’t make sense. There are a few reasons to this, as most folks: Underestimate or overestimate how much they make Usually underestimate how much they spend Don’t know where their money is …

Continue reading Creating a budget, part 1- tracking expenses