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I am trying to find out who I contact about this. I am not in debt so it wouldn’t be credit counselling. All I want is someone to sit down take all our income and all our debt then put us on a budget so that we aren’t strapped. I want to know how much we are alotted each week without going over our budget and still making ends meet. What profession am I looking for? I tried Financial planner but that is mostly investments. I have tried debt management but I am not really “in” debt.I just need a plan!!

2 Thoughts on Household budget in Canada?
  1. Reply
    July 16, 2011 at 12:35 am

    What you probably need is software like below, or a spreadsheet on excel. I use a homemade budget. If I can’t afford it, I don’t buy it.

    The plan is also pay yourself first as in a savings account, pension plan, or mutual fund, then pay everything else, like credit cards, insurance, and a rainy day fund.

  2. Reply
    July 16, 2011 at 12:41 am

    What you are looking for is a financial counselor.

    As you have discovered, financial planners do investing, and credit counselors do debt management.

    A good financial counselor helps people create realistic budgets that they can live with and adjust when needed. He/She works with clients to help them see how they can live on slightly less than they make so they can save enough to cover emergencies and to accomplish large financial goals over time.

    I am not a financial planner, so I don’t do investing. I am not a credit counselor, so I don’t help people improve their “I love debt” credit score.

    I am a financial counselor. Since we are not supposed to advertise in our answers, you can email me for more information.

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