Chapter 2: Budgeting and Consumer Lending

In this section

• Cash Flow and Budgeting
  [Build solid budgeting fundamentals and master cash flow management to achieve financial well-being with practical tips, real-life examples, and Canadian market insights.]
• Preparing Client Statements
  Learn effective strategies for gathering financial data, creating net worth and cash flow statements, spotting discrepancies, and ensuring compliance in client statement preparation.
• Budgeting and Savings Fundamentals
  Discover essential strategies for creating effective budgets, reaching savings goals, and building a strong financial foundation.
• The Role of Financial Institutions
  Discover how Canadian financial institutions operate, support budgeting and lending, and affect everyday financial planning.
• Credit Fundamentals
  An in-depth exploration of credit basics, including types of credit, credit scores, and best practices for responsible borrowing, tailored to the Canadian market.
• Debt Service Ratios
  A comprehensive guide to GDS and TDS calculations, best practices, examples, and strategies to maintain healthy debt levels in Canadian financial planning.
• Personal Borrowing Options
  Explore various types of personal loans, lines of credit, credit cards, and other borrowing solutions to manage debt effectively while balancing financial goals.