Think you know what it takes to balance a budget? The Conservatives will deliver their federal budget for the 2013-14 fiscal year on March 21.

If you were in charge, what would you cut to get our finances in order? Would you raise taxes, cut foreign aid, trim transfers?

It's a painful process and to give you an idea of how hard it is, here's a selection of notable options below. It's not meant to be comprehensive, but spend some time nipping and snipping here and there and it'll give you an idea of how tough digging out of deficit can be. Make your plan to slash the deficit and share it with your friends and family.

Follow our budget coverage on Thursday to see what the Tories actually cut.