Wish you had a secret savings account for bills that pop out of nowhere? Learn our Save to Spend 6-Step Strategy. Forms are online at www.creditaid.ca/save-to-spend. 1) Transaction Register, or app like My Check Register – Record what’s going in and out, and include all monthly pre-authorized debits. 2) Monthly Budget Form – Prepare a draft spending plan and estimate monthly spending for each category. 3) Irregular Expenses – Identify annual costs that you can save for monthly, such as vehicle/house repairs or birthdays. 4) Payroll Planner – Can help you identify expenses to pay, by pay period. 5) Track the Real Spending – Save all receipts each month, add them up by category, and enter on the Monthly Budget Form. 6) Separate Savings Account, i.e., “My Secret Savings” – Save “irregular expenses” in a separate savings account each month and move these funds from chequing into a savings account you can name by category.

Brian Denysuik
Creditaid.ca