A budget is a great tool to help you plan for your financial needs. Not only can a budget help you plan to spend, it can also help prioritize spending needs, find ways to save money, and give you better control over your financial future.
If you’re new to budgeting, your budget may not balance the first time you try – for many people, that’s part of the budgeting process. Keep working on it!
You can learn more about creating a balanced budget and use a Budget Worksheet to help you along the way with these helpful resources provided by the Ontario Securities Commission.