Released on December 16, 2016
The Financial and Consumer Affairs Authority (FCAA) is offering budget tips to Saskatchewan residents.
“It’s important for people to actually monitor their money and not spend more than you have,” FCAA Consumer Credit Division Director Cory Peters said. “Creating a budget helps prioritize spending and can help you save money.”
Creating a budget is a great first step to managing your money and avoiding financial trouble. It will ensure that you have enough money for things you need, improve your credit score, help with debt re-payment and stop living paycheque to paycheque.
Here are some tips for creating a budget:
- Track your expenses so you know where money is being spent.
- Determine your short-term and long-term goals and work them into your budget.
- Divide expenses into needs and wants.
For more helpful information on budgeting, visit http://www.saskatchewan.ca/government/news-and-media/2016/december/16/budget-tips.
For more information, contact:
Financial and Consumer Affairs Authority