Everything You Need To Know About Porting A Mortgage In Canada: The Saturday Weekend Review #241

IT’S WORTH KNOWING THE INS AND OUTS OF YOUR MORTGAGE   It’s true and certainly something to always be mindful of, “It’s not about how much money you make, it’s how you save it.” When it comes to porting a mortgage in Canada, there are some things like interest rates that you need to factor into the equation, and we will cover these in detail in this article. Homeowners in Canada, and potential homeowners are faced with many important questions when it comes to mortgages. We are living through interesting times with respect to interest rates. The Fed is expected to raise rates further before the end of 2017, the Bank of England is clearly on a similar trajectory, and in time the European Central Bank will move away from quantitative easing towards quantitative tightening. What does this mean for mortgage holders around the world?   The Canadian Economic Scene   In Canada, the current bank rate is 1%. The BOC (Bank of Canada) decided to maintain the overnight rates when it met on Wednesday, 21 October 2017. The Bank of Canada forecasts that inflation will hit 2% by Q2 2018, later than economists projected. In 2017, real GDP grew […]

One Simple Habit You Need To Help Beat Budget Anxiety : October 2017 Budget Update

YOU HAVE THREE SCOOPS OF ICE-CREAM-WHICH FLAVOUR IS ON THE BOTTOM AND WHICH IS ON THE TOP?   Simply believing that everything will work out for the best financially is comparable to telling a child money grows on trees. Near the end of each year I receive emails from fans who complain of budget anxiety for a variety of reasons. I often reply back with making one simple habit change to ease the pain a bit to help them move forward. No, I’m not Doctor Budget but close. Financial burden placed upon anyone is a weight that you either work hard to build the strength to lift it or will cripple you. Those of you who have been to financial hell and back know exactly what I’m talking about. The journey is never pleasant and comes with a myriad of emotions that can sometimes take over your world. Controlling anxiety no matter what the cause is and it can be multiple things is not easy to do especially when you don’t know where to begin. One of the best resources for your anxiety is yourself and others who are going through what you are experiencing or have surpassed this with […]

grocery game monthly challenge

Unhealthy Food Choices Are Silent Budget Killers : The Grocery Game Challenge 2017 #2 Nov 6-12

HEALTHY FOOD CHOICES ARE JUST THAT, CHOICES YOU MAKE   Do you have an unhealthy food list? Discretionary foods also known as empty calories or junk food are those you ponder buying because you know they aren’t the best for your health and budget. The reason they are silent killers is because 9 times out of 10 they are cheaper to buy however it’s not really as inexpensive as you really think. Convenient yes, frugal not so much. Unhealthy food is not only saturated in the fast-food  and restaurant market but highly advertised at the grocery store. The only way to get around it is to avoid it. You almost need to pretend it doesn’t exist. Many shoppers are opting for click and collect, food delivery and online grocery shopping simply to avoid the temptation of buying foods they don’t need or aren’t necessarily healthy for them. Keep in mind what is healthy to one person is not to another but for simplicity we’ll stick to junk food and pre-made meals. What’s your motivation?- Ask yourself that and answer it. Smart shopping, saves money and they buy only what they need without extra motivations. The only down-fall is you miss […]

Woman Has Rich Family Poor Family Dating Concerns : The Saturday Weekend Review #240

SOMETIMES EVEN THE RICHEST PEOPLE IN THE WORLD THINK THEY ARE POOR AND THE POOREST BELIEVE THEY ARE RICH.   It’s amazing how all walks of life whether they come from a rich family or poor family have different perspectives about money and how to live their lives without outside influence. Sadly money IS a huge influence in relationships for many people and with good reason, no one wants to struggle financially. Growing up in a poor family means that you struggle to provide the necessities of life and have little to no savings. At least that was my understanding growing up in the UK when some of my mates would tell me that they couldn’t afford to attend certain events that cost money because their parents couldn’t afford it. This wasn’t just once, it was almost always. We weren’t rich nor were we poor, JUST HAPPY. I received an email from a CBB reader who wasn’t sure whether she should continue to date her boyfriend because she comes from what he would consider a rich family. She’s finding it increasingly difficult to come up with conversations that they can both relate to since he comes from a poor family. […]

How To Prepare Yourself Financially For a Union Strike

A UNION STRIKE AFFECTS EVERYONE FINANCIALLY WHO ARE DIRECTLY AND INDIRECTLY INVOLVED   When a union goes on a legal strike not everyone is prepared financially especially when the union strike lingers on for weeks and in some cases months. I’ve followed current College strike news in Ontario as the teacher’s head into the third week on the picket lines and wanted to learn more about the financial plight that everyone suffers, including students and businesses. The last thing you think of when you start the College year whether you’re away from home or not is how you will survive a union strike. Listen, I’m not union expert but what I am certain of is the financial impact a union strike can have and I’ve got some critical financial planning tips today for those of you who work for a union or are directly involved with a union. Most of the post will revolve around the current Ontario Colleges Union strike as an example. What does it mean to go on strike? A union strike means that the union and management are unable to come up with negotiations that meet each others needs. After this the workers walk off the […]

grocery game monthly challenge

20 Basic Baking Essentials To Power Up Your Frugal Kitchen : The Grocery Game Challenge 2017 #1 Oct 30-Nov 5

STOCK YOUR KITCHEN WITH THESE MUST-HAVE BAKING ESSENTIALS   If you want to become your own frugal baker consider these 20 Basic Baking Essentials which I believe every kitchen should own. Today, I’m going to show you where you can find the best deals and even better deals if you’re down and ready for some old-fashioned thrift shopping. Bakery products such as muffins, cookies, cupcakes, squares and even cakes are expensive to buy because they are made outside of your kitchen. That’s obvious. This means that morning muffin you pick up at the local coffee shop might be costing your wallet big bucks. Probably just as obvious. If I asked customers who buy their coffee and baked goods from a coffee shop nearly everyday why I bet the reasons would go something like this. It tastes so good I don’t have time to bake I don’t know how to bake I don’t have room in my kitchen I don’t have an oven or it’s broken I don’t have the proper baking supplies to bake Baking is too expensive It will go bad before I eat it all if I bake at home It won’t  break the bank You might also […]

Low Carb Sugar-Free Salted Caramel Cheesecake

MAKING THE BEST HOMEMADE CHEESECAKE IS EASIER THAN YOU THINK-SAVE YOUR MONEY AND DO IT MY WAY!   A couple who are friends of ours absolutely adore cheesecake so when we invited them over for dessert last week we thought we’d surprise them with this decadent  low carb, sugar-free Salted Caramel Cheesecake. Oh yes, they were surprised! We are also huge fans of cheesecake especially the salted caramel cheesecake but most importantly there must be two things present; Thicker Crust Thick Cheesecake If you can carry out those two aspects of a cheesecake you’ve got yourself a winner. I’m actually quite amazed at how many people think cheesecake is a difficult recipe. That is far from the truth. When we created our salted caramel cheesecake we wanted to keep it simple so our guests could add any variation of toppings we offered. What I like about toppings and cheesecake is that you can add just about anything. Since the CBB house has went low carb and sugar-free just about everything we make takes that path. It has been 2 years since Mrs. CBB gave up sugar and she feels great and doesn’t crave it like she used to. For this […]

10 Last-Minute Frugal Halloween Recipes For Your Party : The Saturday Weekend Review #239

  DON’T JUST DECORATE FOR HALLOWEEN- SERVE UP SOME DELICIOUS TREATS FOR YOUR EVENING GUESTS   Halloween recipes in our household have become somewhat of a tradition and it’s not because we are parents now because we started it years ago for a work party. I’ve never quite seen so many of my colleagues go mad for eating a finger before but I guess it’s an inside joke considering the line of work we are in. One of our most popular Halloween recipes on the blog are Spooky Witches Fingers which are super easy to make and inexpensive. They taste very similar to a buttery shortbread cookie with a hint of almond flavour. Delicious for dunking too. With Halloween days away we are planning on baking some Halloween treats for the kids in our neighbourhood who come by the house-and the adults too of course. Mrs. CBB and I are huge fans of baking treats for just about any occasion and creating crafts with our son to introduce him to kitchen fun and creativity. So far, he digs it especially licking the beaters after I make something with chocolate. Last year we made Oreo Halloween Rice-Krispies which were delicious but […]

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