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Budgeting and Money Management

Budgeting and money management are key to making good financial decisions and achieving your financial goals.  Most people know how much money they make, but find it hard to keep track of where their money is going or how much their debt costs them every year. Making a budget is a good first step in managing your money and keeping your finances on solid ground.


Tips to get you started


  • Get organized

    Record all of your spending so you know where your money goes and where you can cut spending.

    Fact: spending $2.50 a day on coffee costs you $912.50 a year

  • Identify your short-term and long-term goals, and build saving for them into your budget

    For example, a short-term goal could be buying new furniture. It is also important to start saving early for long-term goals like retirement.

  • Divide your expenses into two categories: things you need, such as groceries, and things you want, such as tickets to a concert

    Your “wants” will be the areas to target for money that can be used to pay down debts or increase savings.

  • Make “being debt-free” one of your goals

    List all your debts and the interest rate you are paying on each of them and track your progress in paying them off.

  • Pay more than the minimum payment on bills whenever you can

    Even a small increase in payments can make a big difference in the amount of interest you pay and how long it takes to pay off your debts.

  • Stick to your plan

All about budgeting and money management

  • Budgeting

    Find out how to make a budget and the tools FCAC provides to help you.

  • Debt Management

    Learn how to handle debt and what you need to know before looking to get help.


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Date Modified:
2013-04-16