Achieve Financial Success By Leaving Money Sins Behind : The Saturday Weekend Review #208

THE EASIEST WAY TO CLIMB UP IS TO START CLIMBING WITHOUT FEAR.   Are you a good person who fell off the financial train but want to finish what you started before being side-tracked? No one sets out wanting to create debt that could carry them into retirement if not paid back in a timely fashion. Many retire today with debt because they simply couldn’t keep up with expenses vs. income or they were spending too much money and didn’t adjust their lifestyle accordingly. It’s far easier to create the life that we want even if that means with money we don’t have rather than putting the wheels into motion so it becomes reality. Related: A Beginners Guide To Early Retirement I bumped into our neighbour the other day and I asked her how she was doing and if her daughter was still living with her. She smirked a bit and said yes she is still living with her but planning to move into an apartment by the end of May. That’s great news to which she replied, “She’s come a long way and now that her financial situation has improved.” I’m known as the go-to guy when someone has […]

How To Prepare For Short-Term Lost Income Before It Happens : The Saturday Weekend Review #207

    WHEN YOU NEED A FEW DAYS OFF FROM WORK WITHOUT PAY THAT LOSS OF INCOME CAN CAUSE FINANCIAL STRAIN ON YOUR BUDGET.   Lost income can happen when you catch the flu and must call in sick to work. This means you’ll be short money on your next pay cheque and won’t earn as much money as you expect to. Most employers won’t cover your wages if you are off for a few days to a week and even ask for a doctor’s note which may cost you upwards of $50 out of your own pocket. Related: Doctors admonish employers for requesting sick notes, send $50 invoices. Work benefits for short-term might not kick in until after a specific time away from the job.It’s best to know what’s covered and what you need to cover yourself. If you opt out of paying into your work benefits program it’s best to make sure that you are covered somehow, somewhere ahead of time. Rely on no one but yourself! The best income protection is your own because you don’t have to fight anyone for that nor do you have to wait to get the cash you need. Any time an […]

How A Guy Managed To Break The Poverty Chain: The Saturday Weekend Review #206

A CHANCE MEETING WITH A STRANGER CAN SOMETIMES PUT THINGS INTO PERSPECTIVE FOR YOU   Breaking the poverty chain seems like an easy thing to do especially if you’ve lived a life where money hasn’t been a stressful event for your family. You also don’t have to live in the hood to be part of the poverty chain even though there is a stigma attached to such neighbourhoods. It’s not just moms and dads collecting money from the government but also for those people who can’t seem to get ahead no matter what they do. Are they doing something wrong? Possibly, yes. There are plenty of families who have a dual-income that simply can’t manage their money which leave them struggling month after month. There is a face for poverty and then there is a hidden face for poverty that can weigh heavily on the shoulders of every family member, especially the kids. While I was making a tea at work there was a guy I had never seen before at the lunch table reading the Toronto Star and having a bite to eat. Out of the blue he says, “I don’t understand why people complain about price increases” to […]

How To Handle The First Blank Page Of Your 2017 Budget: The Saturday Weekend Review #205

MANAGING YOUR MONEY AND PAYING OFF DEBT STARTS NOW!   Tonight is the night where New Years is celebrated and the next day is when financially savvy people like us turn to the first blank page of our 2017 Budget. This isn’t one of those blog posts that tells you how your financial world is going to crumble if you don’t use a budget. Not at all, rather it’s more of a reminder about just how important your money is and why taking care of it is the best option. First things first, breathe and understand how important of a step you are taking for your present and future days ahead. You are not alone at Canadian Budget Binder with lots of reader support and myself here to help guide you. One of your New Years resolutions may be to Budget and to work on your finances in 2017 which you’ve never done before. Whatever the case may be it’s important to not think that a budget is going to tie you down or get stressed about using one. It should be the opposite feeling of empowerment. Yes, you need a budget but it’s entirely up to you how you […]

Our 2016 Financial Journey Has Come To An End: The Saturday Weekend Review #204

  WRAPPING UP ANOTHER YEAR OF FINANCE AS THE NEXT IS SET TO BEGIN. ARE YOU READY TO TAKE CHARGE?   It’s just about time we say goodbye to 2016 and get ready for the challenges that await us in 2017, and there will be some. With rising food costs, increased utility bills and the ups and downs of interest rates we’re in for another tight year of saving and investing. Every December I get an influx of emails from readers who want to put the year behind them and start anew with a fresh outlook on their finances. This is a great opportunity to set up your 2017 budget especially if you are motivated to do so. My blog budgeting plan for 2017 will include lots of budget talk and possibly a more in-depth look at a new budgeting series to compliment the first I wrote back in 2012. We’ll call it CBB Budgeting Series v.2 only because I’ve learned much more over the years and feel I should share everything I know about budgets. This is the last Saturday Weekend Review post for 2016 and I hope you’ve enjoyed all of the fun we’ve had here on CBB. […]

The Magical Moments Looking Back On CBB 2016: The Saturday Weekend Review #203

IF YOU’RE READING THIS RIGHT NOW, THANK-YOU FOR YOUR SUPPORT THIS YEAR.   You might not think that frugal and finance belong next to each other but when you have control over your money situation with a plan things start to ease up. Money pressures don’t have to rule your life but to change that awful feeling you must endure some of the toughest decisions you may ever have to make. This past year I’ve been fortunate to chat with many fans of this blog about their financial situations, answered questions and offered  tips. I even went as far to spend hours creating budgets for those that did not understand even when I had no time to spare. I care. In 2016 I was honoured to be featured a few times over at The Globe and Mail, The Brighter Life and Rockstar Finance. My posts have been showcased all over the personal finance world by bloggers sharing and you the fans spreading the word. I thank you for that support. How to curb holiday debt hangover– The Brighter Life/Sun Life Canada – January 4, 2016 How to include Fresh Produce in your diet when prices are high– The Globe and […]

How To Change Christmas Traditions You Can’t Afford : The Saturday Weekend Review #202

LET GO OF THE OLD AND BRING IN THE NEW BY ACCEPTING CHANGE AND CREATING NEW HOLIDAY MEMORIES.   Christmas around the world is different for everyone and there are no set rules to say how much to spend on festivities. Many people like to keep Christmas traditions going once they’ve moved out, gotten married or have children but can’t afford it. These parents want their children to experience the same traditions as they did however if money is tight things may have to change. According to Mrs.CBB when she was younger it was difficult to see under the Christmas tree for all the gifts that were stacked around it. Christmas traditions in their house began with a huge holiday morning breakfast and hours of gift-giving and receiving followed by plenty of wrapping paper clean-up. It was fun times she says and lots of memories were made but Christmas Traditions like that are hard to hang on to once you have a family of your own. Where you may run into problems is when some of the family members agree to change and others are not so happy about it. At the time there were no set financial limits when […]

10 Frugal Ideas For Gift Wrapping Christmas Presents : The Saturday Weekend Review #201

EASY CHRISTMAS GIFT WRAPPING IDEAS THAT WILL GLITTER WITHOUT THE HIGH COSTS OF LUXURY.   Unique gift wrapping is nice but the sometimes fake ooh la la only lasts for a few seconds before the recipient rips open their Christmas gift. Instantly he/she forgets about all that effort and potential money you sunk into gift wrapping. Wrapping gifts is more about the effort you put into the project because that’s really what it is, a project of love. I’m not saying that no one will care about your gift wrapping skills all I’m saying is not everyone will appreciate what you do so why not do it on the cheap. This way you can give an elegantly wrapped Christmas gift that you’re proud of even if they don’t care about your efforts. Plus, you won’t be spending a fortune on gift wrapping paper and ultra expensive accessories at places like gift card shops or Chapters. Luxury Christmas wrapping paper is for people who don’t care about how much they are paying for Christmas wrapping so they just pay the price because they like what they see. Some people like to show off so they buy the most expensive wrapping paper […]