Episode Synopsis "How to Budget in 2021"
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/
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