Whether you're a financially responsible person or living paycheque to paycheque, there is always room for positive changes. It's good to keep improving your knowledge when it comes to the way you look at and handle money.  Here are a few simple steps to get you started.

Make a budget. To prevent you from living from paycheque to paycheque you will need to recognize where your paycheque is going. Creating a helpful and thorough budget can be simple using Google docs, or one of the many online tools currently available to assist you.

Pretend you earn less than you do. Assign yourself a cut in pay with the goal to put ten percent in savings from every paycheque. It will be simpler to execute if you set up an automatic direct transfer when you get paid. 

Pay down your debt. If you are having trouble managing your credit cards it will be best to pay down one at a time or consider consolidating your debt into your mortgage. Starting with a clean state can feel like a brand-new beginning and motivate you to stay in control.

Accumulate an emergency fund. If you have a budget in place, you should review it and simplify it into categories such as rent, groceries, utilities etc. Look into all your expenditures and see where you can cut down and funnel the saved funds into your emergency fund.

Future. Putting at least three percent of your paycheque into a retirement fund should be the minimum you put away each payday. Whenever you get a raise, it can be a great practice to ignore the raise and put those extra funds into your emergency fund, retirement fund or pay off existing debts. You’ll thank yourself later. 

Downsize. It could be time to consider a lifestyle adjustment. You could move to a smaller place, cut down on gym costs, downsize your vehicle or move closer to work. There are many adjustments in life that can be made that could potentially save you a bundle of money with very little effort. 

There are several areas in life where small changes can yield big results. If you would like to go over your current financial situation and create a life changing game plan, give us a call and we can begin your journey to success.