Whether you're saving money for your next big purchase, building an emergency fund or just saving for a rainy day, it's a good idea to learn about budgeting basics. That's why TD has tips and tools available to help you learn how to budget, so you can be one step closer to reaching your financial goals. 

How to make a budget

No matter where you are in your financial journey, figuring out how much money is coming in and how much is going out can help you get a better grasp of your financial health. If you're looking to save more money but don't know how, watch this video or read more on how you can make a budget, and more importantly, how you can stick to it.

Frequently Asked Questions

Everyone can benefit from having a budget. No matter what stage of life you're in or where you are in your financial journey, understanding how much money is coming in and how much money is going out can help you get a better handle on your finances.

Start off with doing a thorough review of your income, expenses, and investments. Then break down your spending vs. saving. Budget accordingly to accommodate your needs and wants. And then track and monitor your budget and adjust when needed. Be sure to be honest with yourself and stay strict with your budget so you can stay on track with your financial goals.

It's important to include how much money you take home after taxes; how much your daily expenses are; and how much you contribute to investments. You'll also want to include your needs vs. wants to help you break down how much of your income can go into each category.

We have articles, tips and tools to help you when creating a budget. If you're looking for specific financial advice, you can book an appointment with a TD advisor to get personalized recommendations for your specific needs.

Tools & calculators for budgeting

  • Money management made easy — monitor your spending and find ways to save.

  • Input your income, debt, expenses and savings and let this tool provide you with a better idea of how you spend your money.

  • Calculate your monthly payment and when you could be debt free if you consolidated your debt into one lower interest payment.

Products & services to help with budgeting

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