How to Structure a Personal Budget
Today we are going to look at budgeting and how to create a budget for yourself. The first task is to assess your Wants and your Needs. This task is always a really difficult part for anyone starting out. When I’m dealing with couples, they often tend to disagree on the Wants. They often feel some of the Wants are their Needs, so it’s important to agree on your list before going any further. Once you have reached an agreement on Needs and Wants the next thing you will need is the past three months of your bank statements so you can look at your recent spending patterns…
Watch this video to see how to, step-by-step, create a budget structure that you can use!
The KMPC team specializes in helping companies grow via strategic financial management practices. Since 1993, KMPC has been helping businesses in Whitby, Oshawa, Ajax, Durham Region and the Greater Toronto Area (GTA) to reach and surpass their profit goals.
If you would like to speak to us regarding Business Accounting, financial retirement or tax planning, tax returns, bookkeeping or any of your other please contact us anytime – we’d love to chat with you.
KMPC– Chartered Professional Accountant, CPA 11 Stanley Ct, #13 Whitby, ON L1N 8P9 (905) 666-5071
Email: email@example.com Web: https://kmpc.ca