"You people are so very, very nice. You have helped me more than words can say. You are all totally appreciated!"
"Thank you for all the “hand holding” over the past year."
"Mr. Beverley and Staff: Thank you so much everyone for your help in the past year. I was treated with compassion, kindness and understanding. I was reluctant to seek help, but in the future I would recommend your services to anyone. You were professional, yet explained things in a clear and simple manner. I am grateful to you all!"
"Thanks very much, I appreciate all you and your company have put into my file."
"A very kind and friendly voice……..I was already feeling very bad about my situation and she was very comforting. Thank you. "
"We appreciate everything that you have done for us and we are enjoying life so much more now. Everyone in your office has been so nice and helpful. Thanks for helping us to understand each step of our bankruptcy."
"Thank you for your patience and help this past year."
"Thank you for your wonderful support, guidance, patience, understanding and kindness. I am on the right path now with a fresh start. My son and I have a much brighter future and words could not express how thankful I am."
"Thank you for all your team’s hard work!!!!!!!!"
"Thank you very much for pulling me out of the hole in 2007. My life is back on track…You’re a godsend."
"To all the AMAZING staff at John S. Beverley & Associates!!! Thank you for your support, understanding, patience, and education you have given me this year. You are all truly special people who have been a positive influence in my life. Thank you!"
"Thanks for all your help, it’s a big weight off my shoulders."
"Thank you all very much for everything."
"Thanks for your help and guidance during the black times of our bankruptcy. You brought peace and a ray of color in a dark time."
"I would like to thank you and your staff for making a situation that was personally uncomfortable better. Thanks a Million!!!!!!!"
"We want to Thank You and your team at Beverley & Associates for successfully negotiating our proposal"
"Thank you so much for helping me out here, from the bottom of my heart."
"I would like to Thank You and your staff very much for helping me through one more very difficult time of my life."
"Thank you very much for being so kind and so generous. You people have all made my life so much easier even when I thought I was guilty, you saw me as a victim which I really didn’t realize I was until I came to your business. I now feel like a butterfly set free. Thanks for everything."
"I want to “Thank You” for all your help and more."
"I just want to thank you again for your prompt attention to my situation. It was very much appreciated. Your efforts helped ease some of the stress of this difficult time."
"Thank you for all your kind help."
"I appreciate everything you’ve done and taught me."
"It was all worth it, everything is going good now and I’ve already recommended you guys to a couple different people."
"I met with you last week in regards to my financial situation. Though you were really unable to assist me you did give me some great advice."
"Bankruptcy is a difficult thing for anyone to experience, there is shame, fear and financial hardship to endure. I would like to take this opportunity to applaud you all on making this process so much easier for us."
"Thanking you so much for your excellent service and making a pretty difficult year less difficult. Want to say all the best to you and your Company."
"Thanks for all your assistance over the past year."
"Just a note of thank you and appreciation for your time and helpful information."
"We want to take this opportunity to Thank You and all your staff for your exceptional, competent, and so friendly service that you rendered to us. We will gratefully remember the experience and remain at your service."
"Thank you all for the help in the past, you are very nice people."
"This comes with appreciation for the thoughtfulness you’ve shown."
" I just want to wish Thank You for a job well done!!!!!"
"When I think of all the things you’ve done, I simply can’t just stop with one……So Thank You again and again to Mr. Beverley and staff who helped us through a very difficult time of our life. We truly appreciate your extreme kindness."
"I truly would like to thank you for all the help and wonderful service you have provided us. Thank you so much."
"We would like to thank John S Beverley & Associates Inc. for giving us our lives back. The phone does not ring day and night and when it does ring there is a friendly voice on the other end. "
"Thank you for making a difficult situation not so difficult."
"Thanks a million. You have been very kind, and I am most grateful."
"Thank you for all your help and understanding. It is a great feeling being free from the noose of debt."
"What you do in regard to helping people to maintain self respect while learning to cope and face the realities of their financial situation, goes beyond mere words. We have learned so much and our future will be better for those reasons."
"To all the staff thank you very much for all your help and friendliness."
"I am back in control of my finances with your assistance. Your help made all the difference. Thank you!"
"A simple Thanks to everyone for all your help and support. You have changed by life from worse to a better one."
"Thank you so very much for all that you have done for us. You have given us a new start and we appreciate it very much."
"Thanks to Mr. Beverley and his staff for all your help."
"Thank you all for your caring and kindness during a difficult time. I feel like I have my life back. Thank you...thank you!"
"Thank you! We so appreciate that you have helped us through this crisis. We are starting to feel whole again and looking forward to spending our retirement in peace. Thanks again"
"Thank you for helping us through a difficult financial time and also a difficult personal time in our lives. It was nice to deal with people who have integrity."
"Thank you for your assistance and professionalism, it has been greatly appreciated."
"I have learned to budget better and make my dollar go further. I admit that I still need and have room for improvement, however you and your staff have helped me considerably."
"Thanks for all your assistance over the past year and being helpful, this is a hard thing for me. Your telephone manner is so helpful in easing my concern. Thank You!!!!!!!!!!!!"
"Thank you all for helping guide us through our financial difficulties. The care and respect shown to us by all your staff was greatly appreciated."
"I’d like to take the time to thank you very much for all your help your staff and Mr. Beverley have given me to help make this as painless as possible."
"Thank you...for your kindness, help and respect, and for removing many stresses from my life, thus allowing me to begin again. You are so much appreciated."
"We appreciate the counselling and all the advice on our 2nd chance. Thanks for being there and giving us our “kick in the butt” when we needed it the most."
"Thank you for all your help during this past year. It has restored my faith and hope for a better future."
"Thank you for all your help. I really appreciate it."
"I want to thank John and his staff, and in particular, Melody, for being especially understanding during an extremely difficult time for me. Without judgment and with a lot of caring, compassion and hand holding, they were able to see me through the entire process in a very stress free manner. I will forever be grateful."
"I have definitely benefited in the last year. I have been taught money management, patience and discipline. Thank you so much for making me debt free!"
"Your kindness was appreciated more than words can say…..Thank you very much…….I will never forget your kindness and competence in serving me."
"Just a little note to say thanks so much for everything. Because of you all I have no more stress due to finances. You took away that big black cloud."
Posted: November 2, 2016
Less than half (46%) of Canadians have a budget, yet the vast majority (93%) of those who do budget stay within it most of the time.(1)
By budgeting - consumer debt can be targeted and paid off! By budgeting - emergency fund accounts can be created! By budgeting - assets and vacations can be planned for and purchased! Budgeting won’t prevent “life” events from happening, but the process can greatly assist when they do happen. There is an abundance of information, programs, spreadsheets and apps that will assist you to collect the necessary information to start the process, but you still have to do the actual work to review the information, set goals and make decisions.
Basic budgeting consists of four main elements:
1. Identifying the sources of your income
This is usually fairly easy, but be sure to include irregular income such as GST rebates, tips or income tax refunds that you may only receive once per year.
2. Identify your expenses
This is the work part. Start by making a list of expense categories based on where you spent money in the last six months. Review your bank statement, online banking transactions, credit card transactions and lines of credit statements to start your list. Make sure you include expenses that are due yearly, such as insurances, city utilities, property taxes, etc.
3. Spending Analysis
Categorize each transaction from your identified expenses and total each category. The totals will tell you how much money you have been spending in each category. When you identify amounts or categories that set off alarm bells (either positive or negative) use those alarm bells to set goals for future months. This is also the place where consumer debts are targeted and eliminated and where an emergency fund is created. An emergency fund should contain enough funds to manage your expenses for a minimum of three months (six months is best). Keep in mind that it may take considerable time and commitment to reach your goals, but stick to it!
There are various ways to help you to stay true to the goals you have set - money jars or envelopes that contain the budgeted amounts in each expense category are best practices. Find the process that works for you and that you can stick to. Be aware that unconsciously using your debit or credit cards and attempting to “mentally” keep track of expenses invites failure.
4. Review and adjust
Once your goals have been established, you need to monitor them regularly to ensure they are being met and adjustments are made when necessary. When you start achieving specific goals, try setting new ones.
The budgeting process usually works best when done in conjunction with your pay dates, but can be done weekly, bi-weekly, semi-monthly or monthly. If you are not reviewing your budget at least monthly - you are missing the point!
Achievement of specific financial goals can be very rewarding and using this process to pay off credit cards or personal loans is a very effective way to become debt free. If at any stage you have come to the realization that your expenses exceed your income or it is going to take you 88 years to pay-off your debts, you should seek the advice of a licenced professional and discuss options to eliminate debt.
(1) 2014 Canadian Financial Capability Survey.