How to Budget in 2021

03/03/2021 15 min

Listen "How to Budget in 2021"

Episode Synopsis

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/