Creating a budget and sticking to it is one of the best ways to plan how much money you’ll spend and how much you’ll save.
Not having a budget — or not sticking to the budget you have — means you may be spending money on things you didn’t plan to spend money on. And the more you spend, the less you’ll be able to save. Learn more about budgeting.
Five reasons to budget
- Know what you earn
- Know what you spend
- Pay bills on time
- Pay down debt
- Save for your financial goals
Save, spend or pay down debt? Read Dave’s story to help you decide.
Content in this section is provided in partnership with Investor Education Fund, a non-profit organization founded and supported by the Ontario Securities Commission that provides unbiased and independent financial tools to help Canadians make better money decisions. To find out more, go to: GetSmarterAboutMoney.ca