How one guys financial problems became his hobby

THERE’S NO PERFECT FINANCIAL MODEL   Let’s face it, if you owe money to people you have financial problems that need to be addressed and attacked with a plan. Your money issues might not necessarily be problems that will cause you financial stress. On the other hand if your debt keeps growing you may want to re-think how certain events might affect your stress levels. Finances are for life not just until you are debt free because financial problems never really go away they just get masked with dreams. Financial problems may be considered consumer debt, facing bankruptcy, creditors calling, owing money to family and friends, no money to pay bills and even the unknown. The list is endless BUT people with little to no money aren’t the only people with financial problems. When you are in debt that can easily change if you lose your job and can’t pay the money you owe. Can you see how that might be a problem?  The birth of Canadian Budget Binder was created to share a journey of inspiration, new life and financial problems. I’m that “guy” Mr.CBB A.K.A (MO), welcome to my blogging hobby! Since the first blog post at CBB […]

Single Millionaire Paid The Price To Get Where He Is Today

WE ALL HAVE A STORY   People may criticize the way you live your life but they might not know the price you paid to get where you are today. Stories often go untold because people are shy to say what they had to endure to become the person they are. I don’t talk about my life growing up with my friends but if they want to talk to me about theirs I’m happy to listen. It’s quite amazing what you learn about people once they open up about their upbringing and past.   The price you pay   You might have heard or read about those rags to riches stories which for some people hit home because they too were faced with situations that were unique but they overcame them. You don’t have to be a superstar to be deemed successful today all you need to do is believe in yourself. Those that don’t put in the effort to achieve their goals are often the people who put down those who pushed the limits to achieve their own. Believing that everyone with cash has or had the easy life is absurd. Just like others some of these rich people […]

Parents ask son to save money after they were homeless and poor

SAVING MONEY IS YOUR CHOICE   If you want to save money then don’t wait until things come crashing down and you need that money, do it now! Being homeless and poor is not something to take lightly because it happens all around us. For those who have survived and experienced this life many go on to motivate others how NOT to land themselves on the streets. Today’s fan question shares some deep secrets about the time his parents found themselves living on the streets with no savings and nowhere to go. It’s either the parents writing to me or their children because for one reason or another money is a big problem. It doesn’t matter whether you are a student or have a high-profile job if you don’t know where your money is going it’s your own fault when you don’t have anything at the end to show for it all. I’m not talking “stuff” either. I’m talking about cash and investments. If you earn money you should have some sort of system to save money and budget or in the least know your expenses and track them.   Life Choices   It seems from my experience with fan […]

Free Trial Offer Costs Woman $232 in Credit Card Charges

FREE MEANS YOU PAY NOTHING!   Just because someone says something is free doesn’t mean it truly is free. We hear and see free trial offers all the time for certain products although not all are scams be cautious or it may cost you big bucks. Most often we get suckered into buying something especially if the price is right and marketers know that adding in the word “free” is a sure-fire way to reel people in.   Believing what you read   Living on a budget is not always easy but it doesn’t mean that you have to cut corners or believe everything you read or hear just to save a few dollars. The internet is the worst place for people to shop sometimes because it’s easy to get caught up in fake reviews of products or celebrity endorsements like this CBB fan who wrote to me so she could share her story with all of you. To be honest I have never really given much thought to free trial offers before except for magazines from Rogers but once that free magazine subscription was done we opted not to renew. We didn’t however give out any credit card information […]

Mom has meltdown over teen and financial responsibility

TOUGH LOVE, TOUGH LUCK   When a CBB fan came to me via email yesterday to help her with a problem she is having at home with her daughter I said sure. I thought to myself how difficult could it possibly be? I thought maybe she wanted a lesson on how to help her teen budget money or find ways to earn extra money on the side. Sadly, I was only half right. Teaching your kids financial responsibility starts from a very young age and some kids, well they just don’t get it. It’s easy to for kids to not understand just how costly it is for their parents to raise them and believe they are ‘entitled’ to handouts until they leave home, if they leave home. If you aren’t part of the process you won’t understand the process and that’s why it’s not until we are older that we look back on our lives and understand why our parents did what they did. I’ll be honest and say that when I first read her question the evil side in Mr. CBB came out and I thought… Why don’t you just kick your “teen with an attitude” out and teach […]

Sneaky wife teaches husband a money lesson he won’t forget

MY MONEY YOUR MONEY OUR MONEY   It’s unfortunate in relationships when both partners aren’t on the same page financially and extreme measures are taken to teach a money lesson. It sounds a bit daft but to be honest when I read this fan question I felt sorry for her but I also applauded her for taking such a desperate step to teach her husband that money is a weighty issue. Although I am completely on board when it comes to telling all of you to talk about finances BEFORE you are married I also understand that for some people it never happens. In fact some couples assume the man is in charge of the money which seems a bit odd but that’s the way it goes. Most people I’ve ever chatted to it seems like the woman does all the money hugging and pays all the bills while the husband nods and takes it all in with a smile. Let’s be honest here money management isn’t a fun job for lots of people especially when there isn’t cash to splash around. I’m pretty sure when debt is deep or when money is on the brain because creditors will come […]

Setting Goals Like the Wealthy

MAKE  YOUR FINANCIAL SUCCESS COUNT   You may never be as rich as Bill Gates or Warren Buffett, but setting goals like the wealthy is just as important for you as it is for them!   Importance of setting goals   I’m sure you’ve already heard people preach on the importance of setting goals. ‘Make your goals specific, easily visualized, and attainable,’ they often say. That’s important advice for people to hear. But it’s not really enough to be helpful. As Mr. CBB recently posted , planning ahead is a critical part of financial success. But it is just as critical to plan ahead when setting your career goals!   Planning ahead   When I was growing up, my parents constantly told me to plan. The problem is that when I tried to do that, things usually didn’t work out anywhere near the way I expected them to. It didn’t take long to figure out that my efforts to ‘plan ahead’ were useless. I don’t know about you, but I don’t like to waste my time on useless endeavors! I can hear you thinking, That’s an odd story to tell when you just said that planning ahead is critical to […]

My wife is blowing my salary increase before I get it!

IN ONE HAND OUT THE OTHER…   We all go to work every day in hopes that at some point we get a raise because a salary increase means we can do more with our money. What we don’t expect is that when it happens that it’s gone before the money hits the bank account. Today’s post is from my reader mail bag. I found this question below to be interesting as we are going through something similar. Just recently I wrote a salary increase letter to my employer because I thought it was about time I got an increase. Some people may shy away from doing this but don’t as you might be waiting forever for a raise. I am getting one but I’m just waiting for the paperwork to go through human resources, red tape. If you are wondering what I wrote in that letter it was pretty simple, why I deserved a salary increase but not before sharing what I’ve done for the organization over the past year. When you find out that you are accepted for a salary increase it makes you proud knowing that your hard work is important to the organization. I can’t imagine […]

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