Creating a Family Budget

By: Roma Luciw | The Globe & Mail | December 23, 2009

Read More, and see what Scott Plaskett says about creating a family budget.

Setting up a family budget to oversee holiday spending and set other short and long-term financial goals is a no-brainer.

Heather McQueen and her husband will spend part of Christmas Day on an airplane. The Vancouver couple, who began hammering out their holiday budget back in September, knew travelling to visit family in Winnipeg and Kamloops would be one of their biggest expenses.

“We are flying out on the night of Dec. 25th because that is when the cheapest ticket was,” said Ms. McQueen, a 33-year-old project manager. “We didn’t cut anything out, but we hunted around for seat sales. We didn’t want to have that after-Christmas regret.”

Although setting up a family budget to oversee holiday spending and set other short and long-term financial goals seems like a no-brainer, few Canadians are as organized as Ms. McQueen…

creating a family budget