Budgeting out of debt

Did you know?

How much of a household's income should go towards housing expenses every month?

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

Reviewed for legal accuracy by

John Fiddick, Whitelaw Twining

John Fiddick

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This website explains in a general way the law that applies in British Columbia, Canada. The information is not intended as legal advice. The cases we refer to reflect real experiences, but names have been changed. See our full disclaimer.

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