Getting the most mileage from your paycheck

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 and live in the Toronto area, call us at 416-498-9200 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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Ready to live debt free?

The best decision I've made was to contact David Sklar & Associates, they are experts in this matters and also have dedicated Licensed Counsellors that provide the best customer support, like Rhoda Lewis, who I highly recommend. She worked tirelessly on my case, explaining ever detail to me willingly. She demonstrates a true interest in her clients. I appreciate how she patiently walked me through what to do, step by step. I now have control over my finances, as a result my life is much more peaceful and I can focus on what matters. Thank you!
Nilda H.
20:18 16 Jun 22
Very helpful and friendly! I am more than satisfied with my experience here. And more than happy with the outcome! Would definitely recommend .
Peggy Bulger
15:10 14 Jun 22
Jerry at David SKLAR helped me thoroughly understand my options and made me feel at ease. If you are looking at this type of service/help, I 100% recommend you give them a call.
Colleen H
12:50 14 Jun 22
Rhoda is a wonderful person, She help me and guided me throughout the process. I couldn’t do it without her support and expertise. Now I can start fresh and full of hope of a better life ahead of me.
ariezel erandio
21:33 06 Jun 22
The service I recieved from David Sklar and Associates was great. I was able to meet with Christin Sylver. She is kind, understanding and, professional. She was able to answer all the quesions that I had regarding my debt. At the end of our meetings, I felt that there is a heavy burden lifted from my shoulders. I recommend Chistine to anyone who is looking into debt relief.
Aliya H
12:11 04 Jun 22
Jerry is a very patient person, he answered all my questions and made this experience so smooth and easy for me. I was not sure what to expect but dealing with him made me feel so much better. He sure knows what he is doing and how to put people at ease for sure (should have done this long ago). I recommend him to anyone I am so glad I had him on my side and now to do my part. Thanks Jerry ur greatPattie
Patty Murphy
21:34 18 May 22
Rhoda Lewis helped me achieve a fresh start two and half years ago! She was very professional with a very warm, caring personality! I emailed her today with a question and she responded quickly. She's great at her chosen profession!!
Debbie Livingston
01:24 11 May 22
Nothing but good things to say about Jackie. She was so nice and so understand and everything was so quick and easy. In a matter of a week, there was the solution that I never thought was possible. Thank you so very much for everything that you have done. ❤️❤️❤️
Cassandra Keenan
21:05 10 May 22
I was in a lot of debt and stress, Jackie Stanley with David Sklar & Associates was very professional, and extremely helpful with getting out of debt. I should of did this sooner, they take the all the weight and stress of a persons shoulders, amazing team at David Sklar & Associates!!
Hubert Z
03:08 10 May 22
Jackie helped me out during a really tough time and she made the entire process very easy and painless. I highly recommend reaching out to her if you find yourself in any financial trouble. You won’t be disappointed!
prettylush 13
02:42 10 May 22
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