Smart Money

How to Budget in 2021

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Full episode transcript and links: https://smartmoneytricks.com/how-budget-2021


Topics covered:

  • What is a budget?
  • Who needs a budget?
  • Why do you need a budget?
  • Types of Tools
  • Mint by Intuit
  • Excel (The measure of a plan budget tool)
  • Ideal budget allocation (50/30/20)
  • Savings Ratio
  • Where to put savings (RRSP vs TFSA)


    • Resources and Links

    The Measure of a Plan - Excel Budget Tool: https://themeasureofaplan.com/budget-tracking-tool/

    RRSP vs TFSA: https://youngandthrifty.ca/tfsa-vs-rrsp/

    Retiring Early Chart (different than the youtube video): https://www.mrmoneymustache.com/2012/01/13/the-shockingly-simple-math-behind-early-retirement/

    ...more
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