Offering helpful financial and lifestyle advice for everyday Canadians

Posts tagged ‘expenses’

How to Live on a Fixed Income Budget

Here is a great article by Francine Richards of Demand Media with 7 helpful steps to living on a fixed income budget from TheNest.com.

Step 1

Sit down with your spouse, make a list of each of your expenses, and set them against your income. Work together to set a spending budget, and to see where you can cut your expenses. For example, examine whether you really need all the premium cable channels, and if you can take your lunch to work instead of going out. Rent movies instead of seeing them in the theater. Unplug appliances when not in use, such as your cell phone chargers and your microwave. You may be surprised at how much you can save by taking small steps to cut expenses.

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