Walking the financial tightrope
There are a lot of financial demands on the average Canadian. A family’s budget can be pulled in so many different ways – sometimes it feels like you need the grace of a trapeze artist just to stay upright.
Unfortunately, not everyone can manage. Half of Canadians are living paycheque-to-paycheque, and household debt is through the roof with the average Canadian household owing $1.63 for every dollar they earn. No doubt about it – wallets are stretched thin.
But all is not lost. Budgeting can go a long way in helping Canadians regain control of their finances and set them on the right path towards financial freedom. By prioritizing your spending, you can maximize your dollars and make sure that your money is going to the right place.
The infographic below will lead you through the budgetary goals that you can set for yourself. Remember, a budget is not restrictive, it’s the opposite. It will free you from worries because you will rest assured knowing that your financial obligations are under control. The balancing act might be challenging but it is entirely worth the effort!