6 Eye-Opening Strategies To Help Transition You Into A Budget Master : Our December 2016 Budget Update

IF THERE’S ONE LIFE SKILL YOU WANT TO MASTER IT’S HOW TO MANAGE YOUR FINANCES.   Every January social media lights up with posts about debt, money, savings, retirement, divorce, marriage and spending habits. Magically I see an influx of traffic to the blog that is out of the ordinary with searches always leading to budgeting, debt reduction and how to make money fast. Mrs. CBB had her friend over this afternoon and while she was making a tea in the kitchen the budget discussion came up. My wife lifted up a large Ziploc bag filled with our monthly receipts and said that she was working on adding the last few into the budget spreadsheet. When Mrs. CBB dropped the bag her friend said that she just finished writing out her family budget the other day.  With a second baby on the way and price hikes hitting Canadians hard at the start of 2017 she wants to make sure that they can continue to afford living where they do. Keep in mind this is the first time they’ve used a budget before so writing it out is sometimes an easier way to transition into a budget master. Baby steps are […]

11 Habits To Help You Budget Better In The New Year : Our November 2016 Family Budget Update

IT’S TIME TO RAMP UP YOUR BUDGET PLAN SO GRAB A PEN AND START TAKING NOTES.   If you want to budget better and stop stressing over your money issues accept that you must give up something to get something. With the new year approaching many of you might not be thinking about budgeting in 2017 but waiting until the bills start coming due is probably not a smart way to get a fresh start. Household expenses are expected to rise in 2017 and we’ve been warned in part about a few coming our way. With the average Canadian debt load up 3.6% or $22,081 (excluding mortgage) compared to last year it’s critical that we continue to budget better than ever. We will definitely see grocery expenses escalating up $420 per family, carbon tax introduction and other developments that will work their way into our budget. The great news is that budgeting has become a household name and not as frowned upon as it once was considered for people who couldn’t manager their money.  No, No a budget is for everyone even the rich who have proven it’s easy to lose it all when they should have been comfy for […]

The Secret Society Of Knock-Off Rich People : Our October 2016 Family Budget Update

THE SHOW MUST GO ON EVEN IF YOU’RE BROKE   I’ve had enough of playing the role of rich person when I’m not and I just want to be normal. This was part of an email conversation I had with a fan who is struggling with guilt over his debt and underlying reasons for wanting to appear rich when he’s just part of a secret society of debt clogged consumers living in Canada. Pretending to be wealthy won’t make you wealthy, it makes you clumsy with your money which can and potentially will affect your present and future. If you truly believe that you can succeed by sloshing through crowds of affluent people with a line of credit or a slew of credit cards will help achieve your fortress then follow your dream.   Upscale performance of a life-time   The most expensive position you will ever have in your career is the one that you created that doesn’t exist. So you landed a role in the movie titled, “Upper Class” and you’re the star of the show. Is that a real Gucci Bag? Heck ya, I bought it when I was travelling in the UK. Lights, Camera, Action…you’re LIVE. […]

Four Tips To Help Overcome Fear of the Budgeting Process : Our September 2016 Budget Report

  STOP ALLOWING FEAR TO GET IN THE WAY OF YOUR FINANCIAL PROGRESS   If you need help budgeting money do yourself a favour and don’t just “try” to understand how the budgeting process works without experiencing how it will and can affect your life. This is the problem with people who think budgeting is a joke and not needed, they place negative thoughts in their mind from the start instead of motivational action words like, “I will”. Not everyone needs a budget especially if money is not a concern for them. What I like to focus on here though is how much money they could be saving or putting towards other matters instead of spending without warning. So for example, if you spend $400 a month on groceries from a high-end grocer where you could get the exact products at a lower-priced grocery store why wouldn’t you do that? Take the extra cash you save and invest it, donate it or buy extra food to give to the food bank. My point is that we waste money like it’s water when we can conserve it and put it to good use. You don’t care? That’s fine too but don’t […]

Add 1 Cup of Budget Inspection And Watch Your Bread Rise : Our August 2016 Budget Report

DON’T MAKE THIS MISTAKE WHEN CREATING YOUR FINANCIAL RECIPE.   By mistake I don’t mean turning the oven on and burning your budget either as I know some people despise using a budget. I have nothing against you because what’s yours is yours and what’s mine is mine. Those of you who WANT to get RID of DEBT and build a thundering savings account and sizable retirement fund I have one unique financial tip for you-learn to read a recipe. I’m not the Mike Holmes of Budgeting nor the Jamie Oliver of the kitchen but I do know how to read a recipe and I do know how to use a budget. What I’ve learned is that it’s not about just the planning stage it’s everything in between and on-going maintenance similar to being a homeowner or naked Chef.   Read a recipe and savour your budget   Once you understand the basics of a recipe especially when it comes to baking you will understand just how precise you need to be to have the best product. Finding a recipe you are interested in creating at home means you should read the entire recipe from beginning to end. Today we […]