Best Financial Advisors in Langford, BC

Help! My budget isn’t working! It can be frustrating when you’ve put in the effort to take control of your finances and then that budget doesn’t work. Before throwing up your hands and abandoning budgeting entirely, take a moment to look at why you are having difficulty. Is this the first month of a new budget? Budgeting is a learning experience and takes a bit of time. It is unfair to expect it to go perfectly right from the start. Learn from the challenges of the first month and make changes to improve your chances of success going forward. This is perfectly normal, stick with the process. My budget was working fine, but this month is off! It is not unusual to have a month or two in a year where there are challenges in your budget. It is important to understand why your budget didn’t work. If it is a one-off emergency, then you don’t need to stress; if it is a change to circumstances or some uncontrolled spending, then you may need to adjust your budget/spending. My budget never works! No matter how hard you try you can’t get the numbers to work. There are a number of reasons why this may be the case - improper spending management, underestimated costs or spiraling debt service costs. Take the time to thoroughly review your spending and costs (and have someone else look at them too) to see if some minor changes can be made, or if you need to make bigger changes. If debt service is the roadblock, then call us for a free, confidential, consultation.