tag:blogger.com,1999:blog-5807238274992255486.post4118270139507608053..comments2023-06-24T01:52:03.732-07:00Comments on Money and Me for Canadian Families: CGA Alberta Invests in Financial LiteracyLaura Thomashttp://www.blogger.com/profile/11881958014580145207noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-5807238274992255486.post-64240544039513616762011-03-14T12:22:53.998-07:002011-03-14T12:22:53.998-07:00One quick and simple tool that I have learned (and...One quick and simple tool that I have learned (and teach) is to take a small notebook and write down every penny you spend for the month.<br />Do not pre-think every expenditure, just do what you normally do.<br />This works for adults as well.<br />Now carefully review your spending to determine where your money is going.<br />It is almost guaranteed that you will be amazed at what you find.<br />That $4.00 cup of coffee is one thing but daily it is a $120.<br />Not packing a lunch for school or work and popping in to the local junk food establishment for a quick $5.00 "meal" may work for some but equates to $100.00 per month.<br /><br />Creating a budget works if you have a clue what you plan to spend money on and are very resolve in your decision.<br /><br />There is some great info in the handbook.<br /><br />The basic concept we need to (re)learn is to not spend more than we earn.<br />ThanksAnonymousnoreply@blogger.com