Understanding your total monthly expenses and income is important.
Creating a budget is a good starting point but sticking to your budget can be a challenge.
- It may be important to develop some understanding of your own personal spending habits. Consider:
- How you spend your money
- Why you spend your money
- Where you spend your money
- When you spend your money
Here is a useful website that you can use to assist you:
Student Budget Worksheet (Financial Consumer Agency of Canada).