How A Gift Closet May Be Your Secret Source For Savings : The Saturday Weekend Review #245

FINALLY A CLOSET THAT YOU’RE NOT AFRAID TO OPEN   I’d like to introduce you to our new savings source, The Gift Closet. Just about everyone I know has a junk drawer or closet where odds and ends gets tossed in hopes it may get used again. You know what I mean right? However, last week one of my readers gave me this idea about getting organized with our junk closets and opening up a gift closet. Sounds like you’re starting your own business but in a way, you are. If you consider savings for your bank account a business then you’re in business. It’s that simple. Not everyone has gifts they need to buy for people during the course of a year but there may be those odd times you find something that is too good to be true and you buy it. You may not want or need to use it right away so instead of it getting lost in the dust pockets of your home you open your gift closet. A good example for us are dish towels. Mrs. CBB has a love for dish cloths and towels and quality products are expensive to buy. When she […]

Extraordinary Co-workers Christmas Adopt A Family Story: The Saturday Weekend Review #244

IT’S AMAZING HOW THIS GROUP OF CO-WORKERS CAME TOGETHER TO ADOPT A FAMILY THIS HOLIDAY SEASON.   I’ve always wanted to learn more about the Christmas Adopt a Family program in Canada and when a Canadian Budget Binder fan mentioned that her company participates, I wanted to learn more. So far, I’ve learned that there are a multitude of Adopt a Family Christmas programs in just about every community across Canada. That’s amazing! There’s nothing and I mean nothing that feels better than giving during the holidays or any time of year. Mrs. CBB and I often reflect on how fortunate we are and often donate time or money to services in our community to help those in need. In Toronto alone there are over 5000 homeless people living on the streets hoping to get into a warm shelter this holiday season. On top of this there are families that are struggling to put food on the table and individuals that have no money or limited resources to get them on their feet. During the holiday season it’s terrible to be alone with no family or Christmas dinner and cheer to participate in. Some parents may feel sorrow because priorities […]

Homeless Care Package Ideas To Spread Christmas Cheer : The Saturday Weekend Review #243

MAKE ‘GIVING’ A FAMILY TRADITION FOR YOUR CHRISTMAS HOLIDAYS   As the weather in Canada gets colder the need for more shelters, beds and warm clothing is dire for the homeless in every community. Creating a homeless care package is not only simple and relatively inexpensive but life-changing for someone who has no one to turn or talk to when their cries for help are silent. I know that many of you reading Canadian Budget Binder love to save money using coupons and other means to stockpile family product essentials so I’m reaching out to you. Even if you’ve never seen a homeless person I can guarantee you there are many living on the streets where you live. I’ve only lived in Canada for 11 years and I’ve seen my fair share of homeless hovering in corners around the streets of Toronto. Just this past week we had an old friend of ours pass away from cancer only to find out that two years ago she was homeless and living on the street. She did not reach out to anyone and no one knew the status of her world. Although that troubles us and in ways we feel guilty we […]

Clever Online Shopping Saved Our Christmas Budget $400 So Far : The Saturday Weekend Review #242

MAKE ONLINE SHOPPING YOUR SOURCE FOR DEALS OVER THIS HOLIDAY    In general there haven’t been many people I’ve chatted to who don’t have some form of a Christmas Budget. Sounds odd since budgeting for the entire year seems to be one of the laziest financial tasks going even though it is mega easy to do, and valuable. Shopping for any holiday or special occasion without a budget makes for a potential financial disaster. Make sure you read the fine print on your credit card statement which states the length it will take you if only monthly minimum payments are paid. That should be MORE then enough to put the spending without a budget breaks on. Consumers who random-shop tend to spend more money on things they could have purchased cheaper somewhere else. If you care about your money then plan out occasions where you know you will be spending more than typical amounts of money. Compare random shopping to window shopping. Some people like to do their Christmas shopping on Boxing Day and throughout the year which is ideal but again a budget is necessary in my opinion. There were times when we would Christmas shop without a Christmas […]

Everything You Need To Know About Porting A Mortgage In Canada: The Saturday Weekend Review #241

IT’S WORTH KNOWING THE INS AND OUTS OF YOUR MORTGAGE   It’s true and certainly something to always be mindful of, “It’s not about how much money you make, it’s how you save it.” When it comes to porting a mortgage in Canada, there are some things like interest rates that you need to factor into the equation, and we will cover these in detail in this article. Homeowners in Canada, and potential homeowners are faced with many important questions when it comes to mortgages. We are living through interesting times with respect to interest rates. The Fed is expected to raise rates further before the end of 2017, the Bank of England is clearly on a similar trajectory, and in time the European Central Bank will move away from quantitative easing towards quantitative tightening. What does this mean for mortgage holders around the world?   The Canadian Economic Scene   In Canada, the current bank rate is 1%. The BOC (Bank of Canada) decided to maintain the overnight rates when it met on Wednesday, 21 October 2017. The Bank of Canada forecasts that inflation will hit 2% by Q2 2018, later than economists projected. In 2017, real GDP grew […]

Woman Has Rich Family Poor Family Dating Concerns : The Saturday Weekend Review #240

SOMETIMES EVEN THE RICHEST PEOPLE IN THE WORLD THINK THEY ARE POOR AND THE POOREST BELIEVE THEY ARE RICH.   It’s amazing how all walks of life whether they come from a rich family or poor family have different perspectives about money and how to live their lives without outside influence. Sadly money IS a huge influence in relationships for many people and with good reason, no one wants to struggle financially. Growing up in a poor family means that you struggle to provide the necessities of life and have little to no savings. At least that was my understanding growing up in the UK when some of my mates would tell me that they couldn’t afford to attend certain events that cost money because their parents couldn’t afford it. This wasn’t just once, it was almost always. We weren’t rich nor were we poor, JUST HAPPY. I received an email from a CBB reader who wasn’t sure whether she should continue to date her boyfriend because she comes from what he would consider a rich family. She’s finding it increasingly difficult to come up with conversations that they can both relate to since he comes from a poor family. […]

10 Last-Minute Frugal Halloween Recipes For Your Party : The Saturday Weekend Review #239

  DON’T JUST DECORATE FOR HALLOWEEN- SERVE UP SOME DELICIOUS TREATS FOR YOUR EVENING GUESTS   Halloween recipes in our household have become somewhat of a tradition and it’s not because we are parents now because we started it years ago for a work party. I’ve never quite seen so many of my colleagues go mad for eating a finger before but I guess it’s an inside joke considering the line of work we are in. One of our most popular Halloween recipes on the blog are Spooky Witches Fingers which are super easy to make and inexpensive. They taste very similar to a buttery shortbread cookie with a hint of almond flavour. Delicious for dunking too. With Halloween days away we are planning on baking some Halloween treats for the kids in our neighbourhood who come by the house-and the adults too of course. Mrs. CBB and I are huge fans of baking treats for just about any occasion and creating crafts with our son to introduce him to kitchen fun and creativity. So far, he digs it especially licking the beaters after I make something with chocolate. Last year we made Oreo Halloween Rice-Krispies which were delicious but […]

If You Need Wedding Donations You Can’t Afford To Get Married : The Saturday Weekend Review #238

DONATING MONEY IS GREAT-JUST DON’T BE TAKEN FOR A FOOL   Why oh why are some couples in such a rush to get married? I recently stumbled up a few wanted ads on a popular buy and sell group where someone was asking for wedding donations. Along with the request for cash this person offered an address so willing strangers could stop by with the cash. Porch drop-off only I bet. Money has many faces and for those who go looking for it without lifting a finger except for typing ‘Money Wanted Ads’ risk put themselves in danger when strangers are invited by to drop off cash. Consider for a moment that this couple has money and doesn’t want to use it. They could be testing the online waters to see how many dummies are out there that would give them money. This can be a horrible situation however so don’t put it past anyone to scoop up cash from generous people and for other reasons than what was explained. On the other hand the couple could legit be broke and in need of wedding donations so they can walk down the aisle with little to no debt. If that’s […]

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