How Smoking Affected The Cost Of Our Life Insurance Premium

We all know the health risks of smoking followed by the dent it can put in the budget just to buy cigarettes. Did you also know that it costs smokers more money when they apply for life insurance, like it did for us? Who knew there would be such a significant cost difference for life insurance for a smoker and non smoker as you will later find out. It’s been over a year now that we butted out (January 29, 2102) and are both still smoke-free today. We will always give thanks to all the support along the way from not only each other but external motivation such as family, friends, our family doctor, the pharmacy team and of course The Smokers Helpline. The Smoking Memory As time went on smoking became less of a habit for us and more of a memory and now we don’t even think about it. We won’t lie and say that if someone sparks up a smoke that the smell is captivating because it still is. We smoked for quite a long time and every smoker knows that the first inhale is the best of a newly lit cigarette. When I’m at work it no longer bothers […]

How I Reduced Our Grocery Budget From $1100 To $600 In 6 Months

ABOUT OUR FAMILY   We are on a very tight budget with food being the second greatest expense, preceded only by our mortgage. My husband and I have spent most of our family years raising our kids and figured we would have plenty of time to save for retirement. Retirement has arrived for my husband and is staring me in the face and we are trying to get our financial house in order. Our kids are the joy of our lives but raising 4 of them has proven to be costlier than we would ever have imagined. This is our story about how we are beginning to climb out of debt and onto the road towards financial freedom. It is never too late to take control of your financial future. My family is a single income family of 5 (two parents and three grown kids at home). Last summer, I sat bemoaning my situation (out of control debt and never enough money at the end of the month) and wondering where my money, which in theory should be sufficient to meet our needs, went. I am a professional person and make a modestly decent income, but through the wonder of the […]

How I Turned My Passion and Skills Into Making Extra Money

  HARD WORK AND DEDICATION REALLY DO PAY OFF   My friends always ask me how I make extra money and I tell them I took what I do best and turned it into cash! Up until 4 years ago, working a full-time job was as easy as getting up, going to work, coming home and collecting my pay-check. Then I had my son, which made things a little more difficult, 19 months later my daughter joined our family, followed 4 months later by a divorce. Not so easy anymore……Many nights I laid awake thinking “how can I do this all on my own?” How can I make extra money so that the kids can do things like swimming lessons and soccer? I could not wrap my head around how I could go back to work full-time. I have over ten years experience in the landscaping industry, but now I have a life that makes that job impossible. I have always enjoyed working so I decided I would look for a part-time job instead.   Part-Time Job   I found the perfect part-time job while viewing an online posting board. No experience needed!! I got that job and for two years now […]

How I Support My Family On One Income

IT IS POSSIBLE TO TAKE CARE OF YOUR FAMILY ON ONE INCOME   This is a Guest Post written by Tanya a CBB fan sharing her story about how she supports her family on one income in hopes to inspire others. Tanya’s Story: I live in Prince Edward Island with my two young children. Money wasn’t always streaming in to my bank account, but we were able to get by. The bills were being paid, we had just bought a house and we were comfortable. When I was pregnant with my second child, I ended up being put on sick leave. With my pay gone and my sick benefits nowhere in site yet, things started to get tight. With only my husband’s salary to go on, one child in full-time day care (I was on bed rest) and another child on the way, the bills started to add up. We started using my credit cards to cover the extra expenses, always saying we would pay them off as soon as possible, but the balances started to add up. It didn’t help that my husband refused to even try a budget – if he wanted to eat out, he did; if there […]

Three Best Things About Being Single When It Comes To Money

A year ago I would have never pictured myself as being a single mother. I’m sure no married mother actually pictures herself on her own raising her children. But life happens and there are just some things that we will never be able to change. Being single isn’t all that bad; there are actually many perks and being able to make your own personal financial decisions is one of them The three best things about being single for me when it comes to money are….. 1.)    You Can Make Your Own  Financial Plans. My ex-husband and I disagreed a lot when it came to managing our money. While he did let me have most of the control over the cheque book, he would often make comments like “I will work until the day I die.” Of course me being a personal finance junkie would just feel my eyes roll into the back of my head every time I heard this. Well of course, without a plan and some savings you will work until the day you die. I can now organize my game plan without having to beg somebody to jump on board. What I can Do Being Single…. If I […]

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