This video tells us the basics of a budget for beginners, some definitions such as budget, what goes into making a budget, things you can eliminate to spend less and when it is appropriate to start budgeting.

Some useful information is how to track your budgeting, knowing what you earn minus what you spend and learning how to determine your income.
https://www.youtube.com/watch?time_continue=1&v=6Ib-bdko5cE

In the video he explains how you should use the envelopes; for example keeping track of the money on the outside of the envelope and what to do with the extra money at the end of the month.

This entire video was useful as it explained how to use the envelopes properly and gave specific examples of responsible ways to spend the extra money at the end of the month.

The video goes through the 7 steps for creating a budget which are:

1. Track your income and expenses

2. Set your income baseline

3. Determine your expenses

4. Categorize your income and expenses

5. Compare your income to your expenses

6. Make plans for unplanned expenses with cushion

7. Turn your budget into a document of freedom

Some useful information is the 50-20-30 rule which is “50% essentials such as housing, transportation and groceries. 20% savings such as building your savings and paying off high-interest debt. 30% lifestyle choices such as cellphones, entertainment and going out to eat.”

This website tells us how and why we should create a budget, different goals that we should have while creating a budget like short term to long term, controlling your expenses and keeping your spending to a minimum, lastly improving your credit while avoiding debt.

Something useful on this website is how it talks about keeping a job while going to school along with how to budget after school.
https://studentaid.ed.gov/sa/prepare-for-college/budgeting

This website breaks down household spending into different categories such as transportation, shelter and personal care while providing the exact number averaged for 2015 and 2016.

Something useful about this website is that it gives us an idea of where the average family spends their money which we can compare ourselves to.
http://www.statcan.gc.ca/tables-tableaux/sum-som/l01/cst01/famil130a-eng.htm

This photo has relevant statistics about how Canadians spend their money along with specific percentages.

It is useful because it shows income tax and pension payments stats.
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ttps://www.consolidatedcredit.ca/debt-solutions/canadians-spend-money/

This photo gives us the 6 best ways to dodge debt, from leaving your credit card at home to reducing the limit on your credit cards to avoid overspending. Some useful information we found on this photo is the “avoid impulse buying. Sleep on it and see if you still want the item the next day.” Number 4 out of 6, we found this useful because we both can be impulse buyers sometimes. We both have agreed to use this idea the next time we go to impulse buy.