Budgeting

Part Three - Is $120,000 Enough to Live in Vancouver, B.C. ?

Part Three - Is $120,000 Enough to Live in Vancouver, B.C. ?

Stemming from a question posed by my friend, a mock budget has been drafted here to discern whether a couple with a gross income of $120,000 earn enough to live in Vancouver, BC.  To many Canadians, even posing this question sounds ridiculous, but with one bed, one bath condominiums reaching prices of 700K, the question is more relevant than you might have previously thought.  Have a read and weigh-in with your opinion.

Step 4 - Determining Income & Creating a Budget

Step 4 - Determining Income & Creating a Budget

Does the word budget scare you?  The common reaction to the word budget is the equivalent of going on an extreme diet and robbing yourself of anything pleasurable for the foreseeable future.  I promise you, this is not the purpose of a budget.  As Dave Ramsey says, a budget is telling your money where to go rather than wondering where it went.