Ever wonder where your money goes? MoneySense recently published an article which had one man tracking every penny he earned and spent over a 12 year period.
Where does the money go? It’s a question MoneySense hears from readers in all walks and stages of life. Even relatively high income earners are often puzzled to discover there’s little or nothing left over for savings once they’re finished paying the mortgage and utility bills and enjoying an occasional evening at a nice restaurant. The question is particularly pressing for couples in their 30s or 40s with children, who routinely find themselves in a mid-life financial crunch. And while it’s fundamentally important, it’s deceptively difficult to answer.
Read the full article and find out what he learned at: http://www.moneysense.ca/save/budgets/budgeting-where-your-money-goes-during-the-crunch-years/