Budgeting is a simple plan to keep your finances on track monthly and into the future. It allows one to create a spending plan ensuring you will always have enough cash for necessities you and your family need including the important things to you.
Many people don’t realize how much money they do spend. This sort of thing can sink you deeper into debt each year. This is especially true if you have Irregular, Seasonal, or Fluctuating income. One strategy is by calculating your average income over a 3-year period, divide by 12, then use that amount and build your current monthly budget.
Self-employed people should have a separate savings account for their income tax payments. Although some bills are due to come less often than others; put this in the “Other Expenses this month” category. Below is a budget worksheet for you to track your spending habits. We trust that you will find this useful now and for years to come.
Click the 'Personal Budget Plan" button below to open...
There you have it, folks. We hope this helps and Happy Budgeting!
Thank you; Miigwetch,
President & CEO