How We Calculate Our Net Worth~Now Calculate Yours!

What is Net Worth? An easy definition for net worth is that it is a simple calculation where you add up all the things you OWN which is also called an “Asset” and minus the total of everything you still OWE also known as a “Liability“. Net Worth = Assets – Liabilities How to Determine Net Worth Items like your house value, current value of cars if sold today (remember cars depreciate over time meaning they will always be worth less in the future), any investments you have which could be TFSA’s, RRSP’s, stocks, bonds, work or private pensions or cash in the bank are all assets. Assets can be liquid cash or less liquid items such as bricks and mortar (house), less liquid items would have to be sold to generate cash. What Is A Liability? Then, add up all the things you still owe money on like your mortgage, car loan, line of credit etc. All these are called Liabilities which simply means, you are still liable for  them. In other words they still need to be paid whether you have a job or not. After working out what my Net Worth is, what’s it gonna do for me? Calculating your net worth […]

grocery game monthly challenge

The Grocery Game Challenge April 30-May 6-Coupon Savings!

This weeks Grocery Game Challenge is all about coupons. Every Thursday evening the flyers arrive at our door and we sit down to take a look at what’s on sale for the week. Although we don’t actually figure out what we will buy until Sunday (this is the day we set aside one hour to do coupon match-ups and our shopping list) we like to make sure we are organized to cut down on time spent on this task. One way is by utilizing not only the flyers but coupon match-ups which are completed weekly by my mate at Save Big Live Better. I thought it would be a great idea to post Save Big Live Better’s Weekly Coupon Match ups here for you to design your shopping list. Once you have your grocery budget for the week and your coupons you are now ready to rock and roll.  I find the match up list easy to use and saves us alot of time, and time is money right? The Grocery Game Challenge runs Mon-Sunday each week so the match-ups will reflect what’s on sale in that flyer rotation. So hopefully the coupon match up I add weekly to The Grocery […]

Time for a change?..DIY Oil Change That Is! Save $$

By: Canadian Budget Binder Is it worth doing your own oil change? Mr  Lube, Jiffy Lube, Canadian Tire, Economy Lube, there’s more places to change the oil and filter than my vehicles can handle in a 12 month period.  Not all, but most around the $53-$55 mark, that’s for an oil and filter change (my truck takes 5w20 synthetic). Our other vehicle would be around $35-$40, except this time it’s using 10w30 conventional oil. Some lube companies use their own filters, some places use bulk oil (cheaper) and depending on your maintenance schedule and your driving habits you could be back another 3 times during the year. The harder you drive it the more you’ll be caring for it Yes, you can Save $$ Money$$ if you know how to change your own Oil and Filter! I do my own oil and filter change, I use premium filters and premium oil. My engine maintenance schedule calls for 6,000 miles or 6 months (whichever comes first) for one and 5000 miles for the other (under ideal conditions)……both vehicles are lucky if they get 5,000 km annually. So maybe I maintain them a little too much?!? Truck $6.19 for one filter + […]

Mr.CBB’s Hot Chip Burger Buttie- $1.32 Per Serving

No, you are right this “Hot Chip Burger Buttie” is not the healthiest meal around but it is a nice little treat once in a while. Sometimes we like to splurge in the CBB kitchen as we eat fairly healthy all week-long and live and active lifestyle. You may think this splurge will cost you money in the grocery budget, it won’t cost you near as much if you were to eat out vs eating in; trust me when I say you can cook at home for much cheaper. Just think if you went out to a restaurant instead of cooking this at home what it might cost you. It’s not as costly as you think… read on! When we are feeling in the mood for something hot, gooey and oh so good, we turn to the “Hot Chip Burger Buttie“. We came up with the name for the shear fact that we both grew up eating something similar and thought it was a great way to reminisce of memories in the kitchen when we were younger. Putting chips and a burger in a sandwich is a great way to enjoy traditional burger and chips (fries). We decided to make baked […]

5 Exercise Methods That Cost Absolutely Nothing!

Guest Post Not everyone thinks of the simple exercise methods they can easily do at home costing them nothing at all. As the summer approaches, everyone steps up the effort to start looking a little bit better. Over Christmas and New Year’s we’re known to indulge in a few things that aren’t exactly beneficial for our weight, so the few months after are always a struggle to get back into shape. The best way to do this is to eat properly and exercise. Many people join a gym, but some people don’t have the money  or the time do be doing so. Here are 5 great ways to exercise and lose weight and save money at the same time. Running/Walking The most obvious and popular method is going for a run. On my way to work, I’m constantly having to shift over for runners to get past me. On average, a person can expect to burn 700 calories with an hour of running – so if you can keep to a balanced diet, that’s a pound lost every 5 days (3500 calories to a pound). It’s free and can be done pretty much anywhere. If you’re like me, however, and don’t like […]

Get Smart With Your Smart Meter!

Get Smart With Your Smart Meter! By: Canadian Budget Binder Everybody’s got ’em, some have ’em working already, others will be starting in May 2012 and most already hate ’em. You guessed it, I’m talking about the new TOU (Time Of Use) Smart Meters. Although not a new concept in the grand scheme of things, they’re here whether you like it or not. There are other countries that have had a variety of  “time of use” schemes for years.  I can remember as a child in  England me mum always had the hot water on a timer coz of “Economy7“. Having cheaper electricity at certain times of the day has been natural for me, but for the Canadians I know it’s quite the sore point. What’s the problem? Well the Canadian climate for starters isn’t exactly stable, where swings of 70 degrees Celsius between summer and winter exist. Heating and Cooling the house is a major player in the bills department. What did I do? For starters I got rid of my old Mercury switch thermostat and replaced it with a 7 day programmable. I can set the thermostat warmer for when the fans kick in on cheap rate, then have […]

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