Newfoundland & Labrador edition
A budget contains a list of your planned and actual expenses and your income, which includes all of the money you receive from work, government and investments.
- Income does not include sources of credit. For example, you should not include what is available to you to use on your credit card.
- Using a budget helps you see exactly how you are spending your money so that there are no surprises.
- A budget benefits you, so it is important to be honest with yourself when you are creating your budget.
NL - Developing a Personalized Financial Plan Tool