Budgeting out of debt

Did you know?

How much of a household's income should go towards housing expenses every month?
  • 20%
  • 35%
  • 50%

A little organization goes a long way in solving money problems. A key first step in getting out of debt is to make a budget. A budget is a plan setting out how you will spend money over a period of time, such as a month. It shows all the money you expect to get and to spend during that period. Once you have a budget, you’ll be better able to see where you can save money and reduce your debt.

Make a monthly budget

Who can help

  • This information applies to British Columbia, Canada
  • Reviewed for legal accuracy in June 2018
  • Time to read: 3 minutes

Reviewed for legal accuracy by

John Fiddick, Whitelaw Twining

John Fiddick

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