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Budgeting: Refers to a list of all planned revenues and expenses. It is a plan for you to spend and save efficiently. In other words it’s a way for you to organize your finances.
In a personal or family budget all sources of inflows are identified and outflows are planned with the intent of matching outflows to inflows. If your outflows are going to exceed your inflows, then the problems start. This shows you are out of control with your finances: You will start to borrow money and run into problems.
If you are experiencing serious financial problems, we encourage you to contact us as soon as possible. Call 416-264-1272
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