Personal Finance
Towards a Healthier Financial Future
Topic: "Budgeting"
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information about your money.
Budgeting
The zero-based budget Sometimes called a zero-sum budget, is when your total income, minus your expenses, equals zero.
Zero-based budgeting: What it is and how it can help you hit your money goals →Saving
Tired of overspending? Want to cut expenses without giving up your favorite things? Here are a variety of creative ways to save money on everything from food to getting married.
31 Creative Ways To Save Money from Forbes ADVISOR →Word of the week
60/40 Budget
Richard Jenkins, financial journalist and author of A Simpler Way to Save: the 60% Solution advocates: 60% of your income goes to fixed expenses: - Housing - Utilities - Groceries - Transportation 10% to retirement savings 10% to long-term savings 10% to short-term savings 10% “fun money” for activities, trips, or other infrequent splurges
How to Make A Budget: The 60% Solution Explained →Budgeting
6 retirement strategies that don't get talked about enough
Jason Heath: These alternative strategies can help you achieve the best retirement possible →Budgeting
5 Ways to Manage Your Personal Finances by Rakshitha Arni Ravishankar
Here are five pieces of advice from our authors on how to feel in control of your personal finances →Serious stuff
Author Tammy Lally encourages us to break free of "money shame" and shows us how to stop equating our bank accounts with our self-worth.
TED.com - Let's get honest about our money problems →Budgeting
Student discounts to help you save on back-to-school expenses in Canada
Here is a handy list of student discounts you can take advantage of across Canada →Word of the week
Overdraft
An overdraft occurs when you do not have enough money in your bank account to cover a payment or withdrawal. These transactions may include: - Debit purchases - Bill payments and pre-authorized debits - Cheques - Withdrawals - Transfers between bank accounts
Learn more about getting overdraft protection →Saving
Investing against climate change - Climate change is a growing concern for many young Canadians, with some questioning where they should live, what they should be saving for and how they should invest.
Podcast: Stress Test by columnist Rob Carrick - How climate anxiety is shaping small and large financial decisions →Fun stuff
"You never count your money when you're sittin' at the table. There'll be time enough for countin' when the dealing's done."
Which artist is #1 on our Neontrack playlist this week?
Listen to our Neontrack playlist when you have music and money on your mind.
Did you know?
The word ‘budget’ derives from the French word bougette, which means leather bag. The bag contained the papers setting out France's revenue, expenditure and tax.
Start your personal bougette today →Budgeting
You made it to university and you get to decide which courses to take, which clubs to join and what to eat for dinner. Also: how much money to spend
9 budgeting tips for university students →Word of the week
Non-Essential Expenses
These are expenses that are not necessary. Another way to identify these expenses is to determine if they are 'wants' rather than 'needs'. Non-essential expenses might consist of: - Coffee - Entertainment - Subscription services (Netflix, Disney+, etc.) - Meal delivery services (Uber Eats, DoorDash, etc.) These are unlike rent, mortgage, and food which are 'needs' or expenses that must be met.
Follow every dollar - Track and analyze your non-essential expenses →Word of the week
Emergency Fund
This is money that's set aside as a financial safety net. Depending on how much you have saved, an emergency fund could cover long-term expenses if you lose your job or with short-term unexpected events.
Start tracking your emergency fund today →Budgeting
Attending university is the first time that many Canadian students get to practice real-life budgeting.
Best budgeting tips for university students in Canada →Budgeting
What to consider before you start a budget: - Think about your financial goals - Identify your short-term and long-term goals - Make saving for those goals part of your budget
Take these simple steps before you make your budget →Budgeting
You know a lot more about budgeting than you probably think. Even if you’ve never done any kind of household budgeting at all, you almost certainly already have had significant experience with it.
How To Make A Budget: 5 Time-Tested Approaches →Budgeting
While you would be forgiven for being nose-deep in your books, it’s time to take a minute to reflect on how you’re managing your money. Do you have a budget? Or are you spending on the go?
21 money-saving tips and tricks for students →Budgeting
You know a lot more about budgeting than you probably think. Even if you’ve never done any kind of household budgeting at all, you almost certainly already have had significant experience with it.
How To Make A Budget: 5 Time-Tested Approaches →Serious stuff
SMART financial goals help you identify exactly what you want and how you plan to achieve it. SMART goals are: - Specific - Measurable - Achievable - Relevant - Time-Based
Start setting SMART goals and track your progress over time →Budgeting
Making a budget can help you balance your income with your savings and expenses. It guides your spending to help you reach your financial goals.
Why make a budget →Infographic of the week
Mapped: How Global Housing Prices Have Changed Since 2010
Houses fulfill a rare mix of necessity, utility, sentimentality, and for many, also act as a primary investment to build wealth. And it’s that last angle, combined with increasing demand in many countries, that is driving housing prices skyward.
See how Canada measures up →Saving
See your spending from a different perspective...
Saving starts with spending less on non-essential expenses. Learn how we can help →Did you know?
According to Canada's Food Price Report for 2023, a family of four will spend $16,288.41 on food this year ($1,357.37 a month) —that's up $1,065.60 from 2022.
Learn about how to start monitoring your food spending with Neontra →Infographic of the week
How much do you spend on your daily coffee?
Mapped: The Price of Starbucks Coffee, by Country
Do you know how much you spend on daily coffee? See how you compare →