Bust our budget October 2013: Romance and money

BUDGET CATCH UP IN EFFECT   Just when you think you have everything under control life throws you lemons. You know that you can’t spend more than you earn but inside your head you say it’s ok to spend a bit more because you are worth it. Sure you could spend cash if you have extra money and no debt like us but it’s also important to realize why you are budgeting in the first place and whether your budget needs to be tweaked to fit your lifestyle.   In September we thought for sure that expenses would cool down a bit and they did for October just not as much as we would have liked. As you will see below we didn’t save a whole heck of a lot of money in our savings account but we did manage to balance the budget as per usual. I had to spend money for work as well we bought a universal home gym second-hand which cost us a bit of money. I have some gym equipment that we have been using but I wanted more weights and the system was a great price so I wasted no time picking it up. […]

How living life on a budget didn’t deter us

NO ONE SAID LIFE WOULD BE EASY   If you truly knuckle down and want to succeed, living life on a budget doesn’t necessarily mean you have to miss out, be unfit and eat unhealthy. It just means you have to adjust your brains wants and needs by thinking of alternative and creative ways to live the good life. We’re going to go back to the basics.   Back to budget basics   The other days post took everything back to basics so I thought going back to the basics would be a theme for this post too. I’ve always talked about how to budget, research ideas and products, pay for things with cash, avoid debt, invest your money and save for the future. You’ve probably taken some things away with you and applied them to your life. Not all people can live on a budget for a long time, the problem is, they assume you have to go without and that’s boring. You may not be able to do absolutely everything you want but you don’t have to live in a cardboard box either, just be prepared to combine all the budgeting techniques and financial tools you’ve learned and apply them on a regular basis. Sure, […]

Tic Toc… That’s the sound of your debt clock

DEBT AND TIME WAITS FOR NO ONE   We’ve heard it all before when it comes to debt especially from those people who are sinking and have no idea how to get out from underneath. Some people think that debt can build over time  like my friend Tony who had to pay back over $100,000 in debt, so it’s true. Debt isn’t all bad but recognizing that any money owed is debt and it’s a debt that needs to be paid back. Consequently you can also accrue debt faster than you can shake a stick at when you aren’t mindful of your finances. It’s just another reason I feel a budget is important for our financial health and what has helped us get out of debt.   What is debt?   We’ll keep this part simple and honest. You want to buy a mobile home that costs $20,000 and haven’t got the savings to buy it out right so you buy it on credit instead. Now you’re in debt, you are now obligated to pay for something you didn’t have the money for in the first place. There are two ways out of this, the first is to pay off […]

September 2013 net worth update: (+0.72%) Believe and see victory in numbers

Your Net Worth Is Seen Through Your Eyes So Open Them Wide I love reading about how other people grow their net worth because it’s motivating for me to see that if someone else can do it, so can I. I believe that having a positive attitude about money is a way to get from the bottom to where you want to go, after all we all started down there. Just the other day I finally included our Canadian Budget Binder Budget Spreadsheet to my Free Money Saving Tools which only took me 2 years to put together. I have had many people test out our budget for me because I wanted it to reflect our values as a couple in terms of finance but also to include elements that others might enjoy. Without our budget I can safely say that our net worth wouldn’t be where it is today although we have a long way to go in order to reach our personal finance goals. This past month our budget has taken a hit with all the spending we have been doing around the house mainly. Finishing the landscaping and purchasing 2 new computer systems cost us big time […]

Bust our budget September 2013: Free Canadian Budget Binder Budget Spreadsheet

A Money Smart Budget Begins With You   If you’ve been waiting for my free excel budget spreadsheet for the past 2 years the time has come that you can now download it free. If you have been following Canadian Budget Binder and have read my budgeting series and are still not sure if you want to budget then at least download it and give it a shot for one month. I often talk to fans who email me for budget help but they don’t use a proper budget or one that gives them the data they need to make informed decisions. You don’t need a budget that is so detailed you get lost with all of the information, at least we didn’t. There are so many free budget spreadsheets available on the internet it’s not a one size fits all system. I don’t think there is any one “perfect budget” out there but you can customize an existing budget to fit your lifestyle. I’ve used many online budgets, printable budgets and the pen and paper version so if at first you don’t succeed, don’t give up. You can’t win the battle if you hang up the towel at the […]

%d bloggers like this: