What is a budget? It is a plan on what you can spend monthly, and you try to stick to it. Budgets are a living thing, and need to be monitored. Many folks struggle with the idea of controlling their spending with a budget, but this kind of discipline pays off in the long run.
A simple explanation is: “a statement of the financial position of an administration (as of a nation) for a definite period of time based on estimates of expenditures during the period and proposals for financing them”
Budget Cuts Image courtesy of nokhoog_buchachon at FreeDigitalPhotos.net
Budget 2015 Federal had some things for everyone, however not a great deal for anyone in specific? Typical budget. Except the TFSA limit was moved to $10,000 !
Lifestyle creep is rampant these days, where your lifestyle spending outstrips any income increases you might be receiving. Stop keeping up with the Joneses
