November is Financial Literacy Month

6 Reasons You Need To Budget

1. Allows you to stay on track – Budgets help us avoid over spending, and reach our financial goals.

2. Reduces stress – Balanced budgets help us relax. Bills are paid and we know where we stand.

3. Helps you distinguish between needs and wants – If its not in the budget, it’s a want!

4. Avoid debt – Budgets help us save for the unexpected things that typically are paid for with credit

5. Save for tomorrow – Budgets help us find money to save for future wants, goals and security

6. Be ready for surprise expenses – Budget in a ‘back up plan’ so you are ready for a car repair.

Call Credit Counselling at (705) 743-2272, for ideas and tips on making a budget and sticking to it.

Visit canada.ca/financial-literacy-month