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 […]

Emergency Financial Assistance For Fixed Income Senior Parents : The Saturday Weekend Review #237

ONE OF THE HARDEST THINGS TO DO IS WATCH THE HEALTH AND WEALTH OF YOUR PARENTS DETERIORATE AS THEY AGE   One minute you can be fine with your money and the next you’re on the verge of disaster and in desperate need of financial assistance. Not everyone will admit to needing financial help because they are too proud but there comes a point where thinking about the best options is better than what something might cost down the road if other things start going wrong. It is not just the young folks who seek help with financial assistance, debt problems and health care. There are always seniors who keep themselves hidden away or placed in old-age retirement homes because they simply can’t do what they used on their own. That or they can’t afford it. Having senior parents who are living on a fixed income, small pensions and old-age security from government savings with no other savings apart from small work pensions can be heartbreaking. Although owning a house is good it may not yield enough to take care of them in retirement. I know many of you might say that it’s their problem for not saving money for […]

How To Be A Successful Money-Maker Instead Of A Money-Talker : The Saturday Weekend Review #236

THERE ARE WAYS TO BECOME SUCCESSFUL AND IT STARTS WITH BELIEVING IN YOURSELF OTHERWISE YOU’RE JUST WASTING YOUR TIME.   Honestly, I don’t think I’ve ever been a money-talker because I’ve had the money-maker motivation from a young age. If I talk about money these days it’s on this personal finance blog sharing our successes and failures. Essentially I’m in the mode of helping others become successful at whatever they choose to do. Becoming a money-maker is not as hard as you think especially if you know how to listen to others who have become successful because they’ve already crossed that bridge. A successful person always believes that they can have a better future considering where they came from and where they want to go. A successful person doesn’t do things on a whenever basis, they are consistent and make sure that what needs to get done gets done. This may mean giving up a couple of hours on a Friday night to make sure the budget is up to date or balancing the books. You have to make the time to be successful and you might even say that your business sense is always turned on even when you […]

Debt Free Mom Admits Becoming A Thrift Shopping Shopaholic : The Saturday Weekend Review #235

SPENDING MONEY NO MATTER WHERE YOU SHOP IS STILL SHOPPING   I can count off the top of my head about 6 thrift stores near me and we go to all of them at least once a month. Sounds shocking but it’s not especially when we are looking for something we need. Most often it’s clothes, craft supplies, CD’s and kitchen items. On occasion we find furniture or home decor but we really don’t need any of that stuff any longer. Shopping online sites like Kijiji or Craigslist is just as naughty as shopping secondhand because most often items purchased are well-loved  or deeply discounted by the owner. Thrift shopping online can be far more dangerous than going into the shop because you can do it from the comfort of your home. Sarah a mom of 2 young boys emailed me looking for some advice to help her curb her obsession with thrift shopping. She’s not alone in her plight to cut costs yet over-spend buying used and in some cases brand new items with or without tags. Here’s her story… Dearest Mr.CBB, My name is Sarah and I live in Hamilton, Ontario with my husband and two boys aged […]

8 Habits We Pursued To Became Powerful Savers : The Saturday Weekend Review #234

ONCE YOU FORM A HABIT IT BECOMES AUTOMATIC   Start to talk about money and everyone is all ears because not everyone is as rich as you think. Over the years I’ve come to realize that not everyone who wants to know about how savers get their money motivation actually want to do the same. I believe that reading about success stories for some people who want to become savers is like getting a high and then slowly coming down because they never take their goals to the next level. Mrs. CBB had her friend over the other day who just happens to be far younger than she is but our sons have grown up together. In fact they are best of buddies so we see them often and celebrate milestones together. Although, we could technically be their parents if we got pregnant at the same age they have, twice. I know, right, twice. They have two children under the age of 3 and they are barely out of their teenage years. They bought a second-hand newer model car, rent a basement apartment, go to school and work full-time. Who does that? Lots of people do and it’s not really […]

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