What is your budget hiding from you?
Making a budget for yourself is important for anyone. Sticking to your budget is even more important.
Industry Canada has produced a great budget calculator to help you get on track. What makes it more interesting than most is that it shows you how little things add up. That $2.25 coffee you always get doesn't seem like a major expense until you realize that one every day amounts to $821.25 a year. Sure, you need your coffee, but what could that $820 have done for you otherwise?
And what about your rent? Consider that the difference between $1,200 and $900 a month equals $3,600 a year? What kind of a dent would that make in your consumer debt (credit cards)? There seems to be no shortage of ways to economize and move money around to your advantage.
Try this: open the calculator and start plugging in your own numbers. You'll be surprised by what it reveals and suggests to you.
If your current situation has made it difficult or impossible to get financing for a vehicle, contact us. We can help.