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 […]

5 Point Checklist For Hosting A Successful Moving Sale : The Saturday Weekend Review #233

NOT ALL SALES ARE EQUAL ESPECIALLY WHEN SELLING YOUR BELONGINGS.   Whether you’ve lived in a house for one year or 25 years you will accumulate stuff that gets shoved away in a dark corner and collects dust. We all do it unless you’re an extreme minimalist which wouldn’t be so bad for some people who can’t stop shopping for stuff to fill up their home. It’s after you are ready to move house and de-clutter for your first moving sale that memories and things start popping up. Then you have to make decisions about these items and sometimes selling or donating memories can be the hardest thing to do. Two questions pop into my head when I find stuff I haven’t used, we haven’t used or won’t use; Did we spend our money to buy it? Should we sell it or donate it? If it wasn’t our money then we don’t have to worry about a loss because we didn’t fork out the cash for it. Do you sell the stuff or do you take it with you? This is a question you need to ask yourself or sit as a family and discuss before even beginning to think […]

The Ultimate Off-Campus Student Housing Needs List : The Saturday Weekend Review #232

DON’T PACK MORE THAN YOU NEED WHEN MOVING AWAY FOR SCHOOL.   I’m already getting emails from students asking for advice about moving into their first apartment to attend University or College. I thought student housing would be an excellent topic to discuss before students rush out and spend money on things they really don’t need. When we are younger we have a preconceived notion about what living on our own is like because we typically associate living at home to be the same but on a smaller scale. It is and it isn’t which is why you don’t need to hire a moving truck unless you plan to stick around for a long time. When students start returning back to town typically we see trucks and U-haul trailers filled with stuff for students living off campus. Most first-year students tend to stay on campus because student residence is a great place to meet people. It’s also a security blanket for many who also have meal cards and eat at the university and college as well. Other students who may have older siblings at the same school or a few friends may opt to rent a house or 3 bedroom […]

I Handed In My Resignation Letter And Quit My Job : The Saturday Weekend Review #231

WORKING SIX DAYS A WEEK WITH YOUR FOOT IN THE DOOR   For the past three years I’ve spent most of my time at work which means I’ve missed out on lots of time with my wife and our 3-year-old son. Over the years readers of this blog would email me and ask why I was working so much if we were debt free. I could understand why they wanted to know but at the same time it’s not unusual as many families struggle on one income or even two. Related: How we became debt free in 5 years There were plenty of days when I asked myself the same question but I continually received the same answer. I’m doing it because I want to work in a career that I will love until I retire. It’s not about the money. Sometimes you just have to look at what you are doing and picture yourself as you age and wonder whether you can continue doing it. If no, find something that you can do or that is sustainable for the long-haul that will make you smile and bring in the income you need. Some careers are great when you are […]

How To Port A Mortgage In Canada Successfully : The Saturday Weekend Review #230

SHOULD YOU BREAK YOUR MORTGAGE OR PORT IT WHEN SELLING AND BUYING A NEW HOME?   Whether you can port a mortgage depends on a few factors but ultimately it all has to do with numbers. Porting a mortgage may not be in your best interest especially if you’re not happy with your current lender and want to search out a new one. The good news is that if you can save money and you’re eligible to port your mortgage you’re doing alright. Renewing a mortgage is far different from porting a mortgage which I’ll get into a later but in the mean time wrap your head around this question- How much do I know about my current mortgage? If you haven’t read the fine print now is a smart time to break out the paperwork.  Why am I talking about how to port a mortgage today? Honestly, I had no idea about how to port a mortgage in Canada but I do know that it’s a common practice in the UK where I was born. What I’ve learned while living in Canada as a permanent resident is that I can’t compare apples to apples from what I know in […]

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