Aside from the obvious need for food and exercise, adopting a pet might seem to be an inexpensive endeavor. However, there are actually numerous costs associated with pets. Included here are various costs you might face when owning a pet, including strategies for weaving them into your budget.
Do you pay for subscriptions? Think memberships like Costco, websites, software, etc. While on their own, the cost can be insignificant, layered on top of each other, they can certainly disrupt your cash flow. Here I discuss how to budget and plan for subscriptions when their due dates and costs vary.
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.
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.