Budget PlannerBudget worksheet

In a effort to provide safe, reliable information I went online to the Canadian Government Budget site. They have a wonderful budget planner that was prepare by the FCAC.  Budget Planner

The key features of this site are the following.:

Key features
  •  Save your budget and continue later via a unique link
  •  Personalize your budget to meet your needs
  •  Make budgeting easier with tips, guidelines and alerts
  •  See charts and comparison to your average Canadian
  •  Get next steps with suggestions and useful links
  •  Earn badges and share your success story
  •  Download a spreadsheet
When you start the budget you will begin by answering the following questions. 
Create a budget that suits your needs by selecting the answers that best reflect your situation. You’ll receive personalized tips, suggestions and will be able to compare your budget with those of other Canadians like you.
Your life situation?
Your age range?
Your work status?
Your home?
Your primary budget goal?
 
 
 
 
 
 
 
With these questions answered you can begin to fill out the budget. 
 I like this site because they go on to explain simple banking process.  This is an important first step to teach young people how to manage their money by understanding simple banking and budgeting operations. in their Banking section they explain everything about Bank Accounts, debit cards, online banking, deposit insurance, branch closures and more.
Further, this site explains simple banking processes like opening a account. 

Services and information

Opening a bank account

Opening a bank account, the identification you need and your right to receive information.

Bank accounts

Choosing an account type (chequing, savings, joint), including low-cost and no-cost accounts.

 

Pre-authorized debits

Setting up or cancelling a pre-authorized debit and how to report a pre-authorized debit that you did not approve.

Online banking

Online banking, mobile banking and protecting your banking information online.

 

Deposit insurance

What deposit insurance protects and how much it covers.

ATM fees

Fees for withdrawing money from an ATM and how to save on fees.

 

Branch closures

When and how a bank must notify you if your branch is closing.

Resolving an unauthorized transaction

The steps to take if you find a transaction that you did not make.

 

Cashing a cheque

Access to the first $100 and how long a financial institution can hold the money you deposit.

Using debit cards

How debit cards work, fees, PINs and unauthorized debits.

 

Unclaimed bank balances

Claiming a bank balance if there has been no activity for a period of 10 years.

Cashing a Government of Canada cheque

Cashing a Government of Canada cheque for free at any bank and what to do with an old cheque.

 

Bank Account Comparison Tool

Compare bank account interest rates, monthly fees, transaction fees and services.

When a financial institution can take money from your account

What is the right of offset, how it works and how to prevent your account from being offset.

 

Getting overdraft protection

How overdraft protection works, costs, limits and what you need to qualify.

Fintech apps

The risks of using fintech apps and how you can protect your personal information.

 

Depositing a cheque with your mobile device

How to deposit a cheque with your mobile device, security and alternatives.

Open banking

What is open banking, how it works, benefits, and screen scraping.

 

 

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