Alberta is an expensive place to live especially considering our boom/bust economy. For many families in Alberta, the bust times are a difficult period to get through.
Whether dealing with job loss, reduced pay, increased bills or simply normal life events, it can be hard to navigate staying afloat through the tough times.
One of the most important tools to have is a family budget, something easy to read and see what money is coming in and what money is going out.
Often, we struggle with the money going out part so analyzing this is very important.
When you get to the end of the month and can't make ends meet, it's helpful to know where it went off track so things can be adjusted for the coming month.
Did you eat out more often than you should?
One too many hockey games?
Unexpected furnace repair?
Looking back and finding out what our spending habits are give us a path forward. Navion did an analysis for a client and found they were spending four times what the average family was on fast food. Although convenient to buy on the way home, they were heartbroken to actually see how much they were spending on fast food and throwing out spoiled groceries because of it. Now they have a fast food budget and more money in their pocket.
Let Navion work with your family to analyze past spending habits and help to set a budget that meets your family's needs!