Would you take half your spouses bonus as a stay at home parent? : The Saturday Weekend Review #123

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YOU WORK HARD FOR YOUR MONEY   Here’s a mock scenario. You’ve worked at your career for the past 8 years and every year you get a yearly work bonus of nearly $5000. When you go to work you work full-time and sometimes you work over-time which means you earn more money after the government takes their cut. While you’re off at work your wife stays home with your new baby for the next 12 months on maternity leave then you both decide she will stay home to care for the baby full-time and give up her career. She misses working because she enjoys challenging herself but loves to be a mother. Without a career and earning now she can’t go out and spend money on herself like she used to. No more purses, shoes, new wardrobes, manicure, new hairstyles etc. Now your wife wants half of your yearly bonus to spend on whatever she likes because she works just as hard as you do at home. Does this sound like your family?   Wife Bonus   I was reading this article today about this couple who splits the husbands yearly work bonus. They call it a “Wife Bonus” where […]

The Stranger way to borrow money online when you’re broke

money help from stranger

STRANGER DANGER IS EVERYWHERE   Strangers chat all the time because that’s the way we get to know people in certain situations although there are certain situations where you have to pull back and just walk away. For some of those people they don’t need to go to work in order to earn a living these days. All you need is a great story and people who believe it and donate to your cause. It could be friends, family but mostly it’s a total stranger who opens up their wallet to help out. Not all stories are B.S. but how do you REALLY know? Not everyone feels comfortable communicating with people they don’t know. I’m not one of those people as I’m a friendly guy who doesn’t mind chatting up a storm. Last year I wrote a blog post about scammers in parking lots who come up to unsuspecting customers and ask them for bus money. It is a scam that is ongoing to this day but it’s not the only one out there. The problem is trying to sort out what is real and what is actually a scam. Would you even waste your time and energy on a […]

grocery game monthly challenge

How to budget groceries for visiting out-of-town guests: The Grocery Game Challenge #4 May 25-31, 2015

how to budget groceries for visiting out of town guests

FOOD FOR EVERYONE   As you may know Mrs. CBB and I have out-of-town guests staying with us for 3 weeks. My parents are visiting from the UK which means our lovely grocery budget of $235 a month may just take a beating. Setting up the guest room and bathroom was the easy part. We cleared out the closets, put fresh linens on the bed, dusted and cleaned both rooms so it was ready for our guests. When we created our grocery budget we never thought much to having guests staying over at our house or to factor that in. If you are having guests stay over for a few days it likely won’t impact your budget much at all but if it’s for weeks or even months you may want to consider how you can budget the extra expenses into your grocery budget. Eating out is convenient when you have guests staying at your house but if you are anything like us YOU will pay the bill not your guests. That can get pricey if you start to eat out often so we opted to buy good food and cook it at home. The great thing is that my […]

Traditional Scottish Baps or Buns

traditional scottish baps

BREAD MAKING MADE EASY   Scottish Baps also called buns when homemade are fresh soft pockets of bread that are perfect for a sandwich. Just recently I started making buns again because the numbers in our budget were just getting too high. As you all know I love to be busy in the kitchen and looking for ways to help lower our grocery budget. One thing I like to do is make all the treats we eat in the house instead of buying commercially made products. My kids enjoy my Milk Toffee, Cinnamon Buns, Cherry Pie Minis, Granola Bars or even my Jam-filled Oatmeal Squares. Honestly, I could go on and on sharing recipes with the amount of homemade baking and cooking that I do. It suits our family and our budget. We have all discussed the cost of living, and living within our means lately and the biggest thing that was eating into our budget for a long time was bread and buns for sandwiches. I know you may think I’m joking but yes bread products can easily drive the budget higher each week. I was buying bread at reduced prices and freezing them but was finding they didn’t keep […]

Will 24 hour Facebook Auction Pages Make You Rich? : The Saturday Weekend Review #122

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SELL ITEMS ON FACEBOOK   What started as a place to connect with family and friends has turned into a money-making venture with Facebook Auction pages popping up all over the free social networking service. The 24 hour Facebook Auction pages have quickly become some of the best auction sites around because of the sheer volume of people who use Facebook. My wife and I are not shy to say that we love second-hand shops. We hardly buy anything new unless we need to because most often we can find it used for quite a bit less than retail or sale prices. If we aren’t scouring through the second-hand shops we are checking out Kijiji which is an online buying and selling website where you can post your Wanted or For Sale ads for free. Kijiji is much more than buying and selling though since it’s branched out to include vacations and employment as well. Over the years we have purchased so much from Kijiji we’re safe to say that most of the contents of our home has been previously loved. Another way we would score great deals was from the more traditional route in the form of a garage […]

Husband is hoarding money and jeopardizing relationship

money hoarding

DEBT SCARES MAN TO THE BANK   Believe it or not there are people who have money hoarding tendencies because a fear of living without cash can push people over the edge. Just because someone is in debt doesn’t mean they are OK with it even though some people think that having consumer debt is normal. Some people get very ill thinking about their debt and it can cause great stress in their life mostly affecting their health, job and relationships/family. What else could money possibly affect? It’s hard to find a middle ground sometimes when money becomes the reason for living. I’m not saying money is NOT important because it is but for those who scare themselves off a cliff it’s serious business. Having millions of dollars in the bank when retirement comes around would be great but you don’t have to live like a miser to get you there. Even though compulsive hoarding is defined as hanging on to stuff that others may view as junk hoarding money is another way of stashing cash which someone is too afraid to spend unless they are forced to. ie: Paying the bills to live . Maybe hoarding might not be […]

grocery game monthly challenge

When to use Negotiation Strategies at the Grocery Store: The Grocery Game Challenge #3 May 18-24, 2015

when to use negotiation skills at the grocery store(1)

 INFLUENCE TO SAVE MONEY   Negotiation skills take time and practice so don’t be shy to haggle because you won’t become the master communicator you need to get the discounts you deserve.  It may sound deceiving when you use influence to get what you want but if you use the right negotiation skills it’s a win-win for both parties. Often when we go grocery shopping there is a product we find that we are able to get reduced in price. How? If you saw a box of cereal where the box was crushed you’d likely just leave it on the shelf and find one that is not damaged. Right? Not us! Throughout the day and night there is a stock person who goes around the store to stock and find products that are damaged or close to expiry and they typically reduce the price. They don’t always find every product so it’s up to you, the consumer to make sure you negotiate the price you want to buy that product. Besides, whenever you want to buy something you should inspect it for freshness, quality and expiry if the product is required to have one. This is the only way you […]

Milk Toffee the Scottish Tablet only 4-Ingredients

Milk Toffee

TRADITIONAL SCOTTISH TABLET   I was in the mood for something sweet so I made this creamy milk toffee which is a popular sweet in Scotland also called the Scottish Tablet. I picked this milk toffee recipe up from my mum and it’s my go-to recipe which reminds me of sweet moments when I was a little girl. This Milk Toffee recipe is also called Sucre Creme which happens to be my husband’s favourite treat and he asks me to make it at least once a month. The interesting part is that you can’t really get Milk Toffee in Canada unless you know somebody who makes it. Oh, wait a minute I do and now so can you. I just so happen to have my mum’s recipe to share with all of you today.   What is Milk Toffee?   Milk Toffee is a bit like Dulce Leche which is a toffee made from simmering condensed milk where it changes the flavour and colour of the condensed milk. It is also comparable to fudge. Milk Toffee although is sweet and hard but not as hard as a caramel toffee. If you are staring at a can of lonely condensed milk […]

Is Reducing homelessness by creating housing worth it? : The Saturday Weekend Review #121

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Soldier Of Your Own Dream   I have always been intrigued about homelessness because I often wonder why it even exists in a country that has so many resources. There is no reason so many people are homeless for so long. It makes no sense to me unless they don’t want to be helped which is certainly a possibility if you’ve become so accustomed to a way of life. At the end of the day I’m sure it’s safe to say that we all want a place to lay our head that is safe and food that will fill our tummy and clothes to keep us warm. Did you know that homelessness costs the Canadian economy a whopping 7 Billion dollars annually and if that number doesn’t blow you away or push you towards tightening the budget, nothing will. In Canada, though the median length of stay in emergency shelter is approximately 50 days, most people are homeless for less than a month (29% stay only one night), and manage to leave homelessness on their own, usually with little support.- Homeless Hub Canada I often wonder what we are doing to try and combat the situation so we can get […]

Senior shares trick to save money for retirement in three words : April Net Worth Update 2015 (+1.14%)

MONTHLY NET WORTH UPDATE

EMOTIONAL CONNECTION TO MONEY   We all want to know money saving secrets and this past week I learned something from a witty senior that will help you save money, although it may not come as a huge surprise to you. Do you feel stress coming on when you have to dip into your savings? We do at times because we aren’t getting any younger and know that life as a senior citizen can be difficult especially if you don’t have the funds to back up the lifestyle you need or want to live. There are people who are happy living from the Canada Pension Plan which is by the way max $1065.00 (2015) a month at age 65 but will it really be enough? Jim Yih at Retire Happy says, “Don’t count on the maximum” either when he talks about how much CPP will pay us in retirement. You would think with $120,000 savings that we have in the bank that it would be easy to spend money but it’s not especially after you know it may decrease your overall net worth and set you back a bit from attaining your retirement goals. This is why we budget and […]