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SAM’S BUDGETING STRATEGIES: Step 1: DOWNLOAD A BUDGET TEMPLATE. At FCNB we’ve made it easier and set one up for you, so you just need to download it here. Step 2: LOOK AT YOUR SPENDING HABITS. Gather your paystubs, bills and receipts. For the next month, keep a journal of all the things you spend money on including miscellaneous expenses, housing, transportation, savings, debt repayment, and day-today items like groceries, clothing, and entertainment. Add in the small things like coffee or snacks. They can add up too! Step 3: FILL IN YOUR BUDGET. Use the information you gathered in step two. Don’t forget to add savings and debt payments in to your budget! The general rule of thumb is to set aside a minimum of 10% for savings and 15% for debt repayment. Step 4: KEEP REVIEWING YOUR BUDGET. If you’re spending more than you make, or you don’t have enough to set aside for savings and debt repayment, make some adjustments and look for areas where you can cut back or save. NEW BRUNSWICK’S SMART TIPS TO SAVE: TODD One of the best tips I could give is to create a budget. This is the best way to track money coming in and out. If there is a budget in place, then planning for major purchases and saving for the future is made easier. RANIA When you are teaching children about money, teach them the importance of dividing their money into three groups: give, save, and spend. This will teach them the value of saving for the future, as well as how to manage the cost of everyday purchases. MARC-ANDRÉ Planifier les dépenses et les répartir dans différentes catégories. Faire un budget pour chaque catégorie et limiter les dépenses les moins essentielles. Ex: Restaurant.


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