Getting the most mileage from your paycheck

Table of Contents

Budgeting Your PayCheck

We either know someone that has money management issues, or you are the one that deals with this every paycheck. With managing your money, it comes down to how you make do with the income that you make.

Here, you will be setting your goals. Find out where the problem areas are. Keeping proper track of how much money is coming in, and how much is going out is essential. Especially how much you are spending.

Keep track of all your spending. Save your receipts, have everything written down. If possible, go back over your past spending history to see where your money is actually going.

To help with making the most of your money, you will need to start with your fixed monthly payments, this could be your mortgage/rent. Credit card payments, loan payments etc

Variable Monthly payments. This can be your food, utilities, gas, clothing, entertainment

Next is the infrequent payments. This can be auto repairs, birthday expenses, trips etc.

See our sample Budget worksheet

Budget-Fixed-Variable

Using these expenses you have on a monthly/yearly basis, you can start to get an idea of your approximate expenses per month, and this can help you to see what amount is left over.

See our budget breakdown for an idea of how much you should be spending on each area.

David Sklar Budget Breakdown Guide

Your financial goal could be to pay off your credit card/loan, save up for a trip, save more for your future and/or pay down your debts faster.

  • Set Your Goals – set realistic achievable goals
  • Keep on Track of your Goals
  • Your goals need to be attainable.
  • Commit to your goals
  • Have a planned end date for your goals.

Anytime you are dealing with money management and setting financial goals, there may be bumps along your financial path. Be Realistic, as time goes on, it will get easier and you will be able to reach your financial goal.

Take Your First Step Towards A Debt Free Life

If you are overwhelmed by debt, call us at 1-844-962-9200 to book a FREE, confidential appointment. We will review your financial situation in detail and discuss all of your options with you. Alternatively, you can fill out the form below and our team will reach out to you. 

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I was quite nervous and a little embarrassed that I needed financial advice. I met with Jerry Janiec and he was very helpful. He made me feel comfortable and explained everything in easy to understand terms so that I understood what my options were. I would recommend David Sklar & Associates for anyone in my position.
Melissa Blackburn
19:53 17 Nov 22
I was fortunate enough to be referred to David Sklar & Associates Inc. by a family member. Now in the10th month of a Consumer Proposal process, I am very impressed with the organization, professionalism and impeccable customer representation that I have experienced. To this effect, I amparticularly thankful to Jerry Janiec and Rhoda Lewis for their excellent work.
Suzanna Vaclavik
12:21 16 Nov 22
Recently dealt with Christine at David Sklar & Assoc. and worked out a Consumer Proposal to put forth to my creditors for my Credit Card debt. She was very courteous, professional and put me at ease with a proposal that I can afford on a monthly basis, which will eliminate my debit in a reasonable timeframe. I would recommend Christine and this firm in a heartbeat. Very happy with the service and attention I got !!
Patrick Kovanchak
01:59 15 Nov 22
Excellent customer service. Special thanks to Olga for being prompt and helpful. She’s a star. Bibi is helpful as well. Great agency to work with.
Fady Tadros
19:28 14 Nov 22
After seeing your commercial play on CP24, I realized that it addressed all the questions and concerns I had about my financial situation. It all started with my one phone call to your office. I had the extreme pleasure of working with Cori Naron at your St. Clair West office in September 2022. She took the time to explain what my options were knowing that it was a very stressful situation with my debt load. She made me feel at ease with my decision to file a consumer proposal and outlined the benefits to me. She is thorough and her attention to detail is outstanding. While it takes a little while to reap the benefits of making this hard decision, she took the time to reassure me that it was in my best financial interest. Well done David Sklar & Associates for having such an amazing representative at your company and for allowing me to "get a fresh start"!
David
14:31 14 Nov 22
Very highly perfection individual, well executed and greatly knowledgeable in his work, which guided me me the right decisions making opportunities. Thank you.Sincerely, Peter Romasz
Peter Romasz
20:18 13 Nov 22
Trina Powell was very helpful and made the process very easy. Thanks again for all your help.
Jennifer Hager
17:59 06 Nov 22
Jerry is a caring, trustful, knowledgeable and competent Sklar associate. He understood my needs and quickly went to work on my behalf. Ever indebted to David Sklar and Associates and especially to Jerry for his professionalism and caring approach.
David Craig
19:31 31 Oct 22
Jerry Janiec is very knowledgeable and very helpful everything he explained to me was straightforward and very easy to understand. I'm very pleased to be working with Jerry to become debt free. I will definitely be recommending to any friends or colleagues your services.Thank you again for helping me get on the road to be debt free. 5 Stars is well deserved.
Christopher Rakobowchuk
17:41 27 Oct 22
Hi there! I am very glad to met this company, especially Jackie Stanley. Thanks for her great work and help me to save my money! Very appreciable!
Mehri Agil
02:43 26 Oct 22
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We know this is stressful, but you’re not alone. It’s going to be okay. 
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