Should We Bother Renovating Before Selling Our Home?

EMOTIONALLY INVESTING IN YOUR HOME RENOVATIONS IF YOU PLAN TO MOVE WILL COST YOU MORE THAN YOU NEED TO SPEND.   Lately I’ve been quite impressed with the house prices in our area but at the same time know that if we sell the cost to renovate and buy weigh heavily on our minds. Not only that but the real estate market in Canada might be hot right now but if you have renovating to complete that might set you back with missed money opportunities. The top 3 questions next to time-frame that you need to answer before putting your house up for sale are; Should we renovate our home to get better return? How much will our renovation budget be? Do we want to upgrade or downsize buying a new house? On our street for 2017 we’ve had 5 houses up for sale all of which sold in and around a week or less.  That might sound impressive and it is because houses don’t last long living in the Greater Toronto Area (GTA). With no more than 100 houses on our street that’s a huge number of nosey neighbour radars going off. That’s us ^^^^, we admit it.   Who […]

6 Simple Ideas To Generate Cash Money When You’re Broke

THERE’S ALWAYS A WAY TO EARN CASH MONEY PROVIDED YOU’RE READY FOR A CHALLENGE   There are some ways to make cash money when you’re broke but don’t expect to be rolling in the cash without some hard work. With Spring around the corner there will be more opportunities to make cash money rather than shovelling snow and praying you win TV Bingo. Wishing on a star is the worst way to earn cash money because you’re risking losing money you already don’t have to spend.   Cashing out the Cash Money   The first thing someone does when they are broke is find every possible source of cash money then could have. A friend of ours who was strapped for cash went as far cash in her RRSP’s so she could pay off debt. I don’t recommend going this route if you don’t have to however depending on a few factors such as age such as this might be an option. If you are under 30 you’ll have a far better chance of getting back into the investing game with many years to accumulate as opposed to being close to retirement age. Staring at your bank account on the […]

How To Find The Best Real Estate Agent For You

THE REAL ESTATE MARKET IS FLOODED WITH AGENTS READY TO SERVE YOU   Finding the perfect fit real estate agent to work for you and your housing needs is not a task to take lightly. You want a real estate agent that knows all about the latest real estate trends and who will guide you in the right direction. Find a real estate agent who will be just as excited as you are to see a Sold sign as they are to close a deal. A happy client who sends referrals and returns as a customer in the future means the agent went above and beyond. You want this real estate agent working for you, but how do you find them? Whether you are a first time home buyer or have had your feet dipped in the real estate market don’t rush to find a real estate agent. Taking the time to hand-pick the best real estate agent in your area that works best with you is key to your buying and selling success. Not everyone wants to hire a real estate agent as they choose to go it alone with for sale by owner or buying a house privately. […]

How Should We Budget $5000 of Discretionary Income?

PLAYING WITH SPARE CASH   Not many people can say they have extra discretionary income kicking about every month where they have to drum up ideas about how to spend it.  For those of you that do you can still manage that money with a budget if you want to stay on track with your financial goals. When Mrs. CBB and I paid off our mortgage in April 2014 it was a grand time for us. We managed to break down our mortgage into pieces and pay it off far sooner that we had ever dreamed of. The reason that happened was due to perseverance and a drive to be successful at whatever we did. I guess in a way we were pushing ourselves to earn more money but we knew in the back of our minds that it was all stepping-stones for our dream career roll. Now that our mortgage is paid we have lots of discretionary income which we just recently worked into our budget. Lots of people would be more than tempted to start spending money especially if they’ve hit it big time and the money is rolling in.   What is Discretionary income vs. Disposable Income? […]

Husband is hoarding money and jeopardizing relationship

DEBT SCARES MAN TO THE BANK   Believe it or not there are people who have money hoarding tendencies because a fear of living without cash can push people over the edge. Just because someone is in debt doesn’t mean they are OK with it even though some people think that having consumer debt is normal. Some people get very ill thinking about their debt and it can cause great stress in their life mostly affecting their health, job and relationships/family. What else could money possibly affect? It’s hard to find a middle ground sometimes when money becomes the reason for living. I’m not saying money is NOT important because it is but for those who scare themselves off a cliff it’s serious business. Having millions of dollars in the bank when retirement comes around would be great but you don’t have to live like a miser to get you there. Even though compulsive hoarding is defined as hanging on to stuff that others may view as junk hoarding money is another way of stashing cash which someone is too afraid to spend unless they are forced to. ie: Paying the bills to live . Maybe hoarding might not be […]

Ambitious Teen helps mom with family budget

LET ME HELP YOU WITH THAT MOM   There was a time in my life when I was a teenager and all I cared about was working, saving money and hanging out with my friends. I didn’t have to worry about what my parents did with our family budget nor did I care. Growing up in our household my parents were frugal to the point that if we wanted something we worked for it. They didn’t scour the weekly flyers because we didn’t have them but they would buy products reduced if mum was able to do something with them right away. My mums favourite was making pies with fruits that were ripe or ready to go off. That’s probably why I’m the way that I am in the kitchen. Being that it was Mother’s Day (Mothering Sunday) March 15 in the UK yesterday this email made me remember growing up and what life was really all about in our house. My mother was and still is our rock and I can understand how this young lady is so determined to help someone so special and close to her heart.   Help with the family budget   I received an […]

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 […]

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