The Ultimate Guide For Beginner Budgeting From A to Z

FROM A TO Z YOUR MONEY MUST WORK FOR YOU   This beginner budgeting guide is meant for the person who hasn’t budgeted before or wants to learn more about various types of budgeting concepts and mistakes that could be made along the way. The importance of managing money and budgeting go hand-in-hand and if you want to create a results driven budget plan and are serious about your debt freedom you’ve come to the right place. We were and budgeting helped us go from renting a room in a basement to having a mortgage fully paid off before we turned 40. That was our goal. When I talk to budget first-timers they tell me that budget anxiety is one of the reasons they’ve stayed away from using a budget in the past. I hear ya, I get it and I don’t blame you because money IS a big deal. They were hesitant, worried and unsure of how to budget so they left their finances to the wind which eventually blew them away, literally. The good news is that if I just described you and you’re here, you’re well on your way to debt freedom. Taking the first steps are […]

30-ish Adult Freeloader Moves In With Mom Full Of Excuses : Net Worth Update May 2018 +(1.53%)

GET YOUR HEAD OUT OF THE SAND FREELOADER THERE’S NO FREE RIDE   To The Parent(s) who won’t ask their adult child to pay rent when they move back home THIS post is for you. To The Adult child who moves back home with his/her parents and doesn’t think they need to pay rent, THIS POST IS REALLY FOR YOU. Wouldn’t it be nice…. Free Rent or No Mortgage Payments No Grocery expenses No Chores Sure, it would if you were rich but if you’re not wake the hell up and stop acting like a child. I don’t care what excuse you dish out there is no reason to NOT pay your parents any money when you move back home. Consider this- If they weren’t there you would have to pay a landlord, live on the streets or in a shelter. Perhaps doing that for a day or two might fire up the dead battery in your rear-end so you understand the difference between being a freeloader and being someone with no where left to go but outside. If you are the type of adult who thinks your parents should back you free for life you my friend are in […]

What Is A Bare Bones Basic Budget? : May 2018 Budget Update

BUDGETING FOR THE FIRST TIME DOESN’T HAVE TO BE AGGRESSIVE WITH A BASIC BUDGET. LET ME SHOW YOU HOW EASY IT IS TO GET THE NUMBERS YOU NEED TO START SAVING AND PAYING DOWN DEBT TODAY.   Yes, yes, yes a basic budget is important and I will say it until I’m blue in the face. Don’t believe me? I don’t care because what you do with your money is your business and I can assure you that this blog is for the people who want money control and the weight of debt lifted from their shoulders so they can go on living life without financial burdens. It may sound unrealistic but if we don’t have anything to believe in then there’s no point budgeting in the first place or setting goals for that matter. If you already plan to fail then you’ve failed. If I  could go back 10 years now and tell myself that budgeting would allow us to live debt free in our 40’s including wiping out mortgage I might have laughed but certainly listened to what advice I had to give. My money mindset has changed today compared to then and it’s because I have experienced […]

Why A Second Income Sometimes Isn’t Enough: April 2018 Budget Update

MORE THAN ONE INCOME STREAM DOESN’T MEAN YOU’LL BE RICH!   When people tell me that they earn a second income I’m impressed and nosey at the same time. Who wouldn’t be? I’m always keen to understand why people choose to earn extra money whether it be to get ahead or to stay afloat. A few months back I had a gentleman send me an email to ask about a third income stream because the money he earned wasn’t enough to make ends meet. As you know I worked two full-time jobs for many years just to get my foot in the door to where I am now a permanent employee but it’s not something that was easy. Sometimes I dread thinking back to all the time it took away from my family but it was something I did for all of us. A second income however doesn’t mean a second full-time or even part-time job it simply means earning extra money aside from your main money source. There are many of you reading this right now who probably have multiple money streams and YES that is awesome but as we all know the best money earned is that where […]

Yearly Banking Fees of $1000 Seniors Could Have Avoided : Net Worth Update 2018 March (+0.51%)

MONEY OUT THE WINDOW OR MONEY WELL SPENT- THE CHOICE IS YOURS!   You might be paying banking fees for every bank account you own whether it’s with the same financial institution or not. I know plenty of people who bank with several Big 5 banks and I’m not sure if they understand the costs of monthly banking fees and how it may be affecting their overall yearly savings power. Banking in Canada seemed fairly straight-forward to me when I arrived as a permanent resident. I was fortunate to set up my bank account at the time through President’s Choice Financial since my wife banked there but before I moved to Canada. It made life far easier for me especially when I needed to transfer money from my UK bank account to my Canadian bank account. What I loved about PC Financial what is now known as Simplii Financial Canada was that there were no banking fees. We didn’t have to pay for cheques either. If we had any issues we could make a phone call or visit any Canadian Imperial Bank of Canada (CIBC) for help. In total since I moved to Canada over 10 years ago now we’ve […]

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