Full episode transcript and links: https://smartmoneytricks.com/how-budget-2021

Topics covered:

• What is a budget?


• Who needs a budget?


• Why do you need a budget?


• Types of Tools


• Mint by Intuit


• Excel (The measure of a plan budget tool)


• Ideal budget allocation (50/30/20)


• Savings Ratio


• Where to put savings (RRSP vs TFSA)

Resources and Links

The Measure of a Plan - Excel Budget Tool: https://themeasureofaplan.com/budget-tracking-tool/

RRSP vs TFSA: https://youngandthrifty.ca/tfsa-vs-rrsp/

Retiring Early Chart (different than the youtube video): https://www.mrmoneymustache.com/2012/01/13/the-shockingly-simple-math-behind-early-retirement/