With the Canadian dollar on the decline and core inflation on the rise, introducing a stricter monthly budget would be a shrewd decision. Proactive choices often outperform reactive ones, and in finance, this can be doubly so. Whatever budgeting split you land on, always set a portion aside to pay off high-interest loans and tuck some away for the future if possible. As Ellis says, there “will be attractive investment opportunities that surface for those in a position to add to their savings.”