04: The B Word (Budgets)
On the fourth episode of MI$$ FINDEPENDENT, Gloria is joined by her friend Martin, they discuss budgeting - what a budget is, tools to help you budget, our expense tracking in the last month and what we learned from them, the social aspect of saving, habit creation for budgeting, and how to make budgeting not feel so restrictive.
Task 1: Calculate and categorize your expenses for the last 3 months (or maybe 2019 to get an accurate pre-COVID picture)
Task 2: Create a spending plan
Canadian Financial Capability Survey Highlights: https://www.canada.ca/en/financial-consumer-agency/programs/research/canadian-financial-capability-survey-2019.html
Government of Canada Budget Planner: https://itools-ioutils.fcac-acfc.gc.ca/BP-PB/budget-planner
Disclaimer - Miss Findependent is sharing perspectives on personal finance for educational purposes. It may not apply directly to your individual situation. I'm not a licensed financial advisor and it's a good idea to consult with one before making any serious financial decisions. References to products, offers, and rates from third parties often change, please double check on the third party website to get the most up to date info.