CBB’s 2014 Top Posts and Blog Review!

This year on Canadian Budget Binder has been one of the best years to date and for that I want to start this post with a huge thanks to all the fans. The highlight of my year on the blog has been networking with so many personal finance bloggers and getting to know more fans through social media outlets. As you all know it’s been a super busy year for the CBB as we welcomed our baby boy into the family and I’ve worked my butt off to shift my career to new heights. With that came some changes to the blog where I had to decrease my everyday blog posts to a few each week. I take blogging seriously and when I write I spend hours on each blog post. I was worried that I might see many of you leave but to my surprise the blog kept going strong and my fans supported me along the way. I can’t tell you how much that support means to me. Thank-you! If you are a fan who has sent in a question that I’ve replied to in the form of a blog post, thank-you. I appreciate all the fan questions […]

How spending money requires time: Our Family Budget June 2014

SPEND WISELY AND STAY ON TRACK   Sure spending money sounds pretty easy to do but it’s not that easy when you just don’t have the time to spend. If you have kids and work full-time, appointments, chores etc. finding that time to spend becomes smaller and smaller. Many people spend out of boredom which means they roam the mall or shops looking for things that they might need as opposed to what they actually need. I try to get out to pick up what I need and get out although that’s easier said than done.   Spending money is not that easy   Yes, I know you can spend money online without leaving the comfort of your home or job but if it’s not something you normally do it’s likely no big deal to you. You probably don’t even think about spending money buying products online. If you’ve ever asked yourself how you can stop spending money I have the answer. The answer is to fill your day with activities that don’t cost you a cent. The other answer is to be mindful of your budget so you aren’t out blowing money that you simply don’t have. I suppose […]

Updating the budget breakdown after paying off debt: Our family budget May 2014

BUDGET MONITORING IS ESSENTIAL   Now that we are debt free since paying off the mortgage updating the budget breakdown is something we need to consider for July. We never gave much thought to making changes to the budget breakdown until we both sat down to put the numbers together for the budget update today. Scratching our heads and not knowing what to do next was pretty much what we had left sitting on our financial plates. We’ve talked about getting rid of the budget and net worth updates altogether since we no longer have a mortgage. That may be a possibility or we will combine the two posts and have percentages instead of monthly figures or a scaled down version with less personal financial detail. I’m not sure how much benefit the readers get from this post due to lack of feedback so if it’s not something the fans care for I won’t spend 8 hours per post putting it together. For all you readers who read behind the scenes and not comment, thanks I appreciate your support. The fans that do comment, thank you as well because this is one of the ways I can tell what you […]

Why you need to review automated bill payments: Our family budget April 2014

DOUBLE CHECK ALL OF YOUR BILLS   No matter what payment methods you choose to pay your bills with especially if it’s an automated bill payment you must review them. If we didn’t do just that with we would have paid around $594.96 extra per year for our auto insurance. I can think of many other areas of our finances where that money could be used. Whether you use a budget or a bill payment spreadsheet if you’re not careful you may be paying more for that automated bill payment like we just did. If it wasn’t for our budget and reading all of our bills and receipts we may not have caught the error. I know people who have any bill they possibly can set up so the bill payment is an automated bill payment directed that way mainly due to convenience. What is an automated bill payment? Well, it’s simple. It’s where you don’t have to do any of the work because the company that is billing you for a service they provided will debit your bank account for the amount of the bill. It’s that easy all you need to do is authorize that bill payment and […]

Our mortgage amortization schedule is going in the bin: March 2014 Net Worth Update (+0.75%)

 NO SWIFFER NEEDED JUST A FIRE PIT   Yes, that’s right no more checking the amortization schedule on our mortgage to see how far we have come and costs involved with our mortgage. The time is very near where we start the fire and light up those mortgage papers to say good-bye and good riddance. Although the last few months of our budget have been filled with unexpected expenses we are still on target to say goodbye to our mortgage, for good. Next months Net Worth update should be titled, Mortgage free at last…. or something to that effect lol. It’s been a long 5 years in this house but it was worth the sacrifices of using the budget (which is free if you want to download it) to save the money for all the necessities we’ve needed so we can be mortgage free before 40 years of age. Although we’ve had the money for close to a year to pay the mortgage the exchange rate for the UK is at an all-time high since I moved to Canada back a few years ago now. I’m pulling the money I have over there while I can. The last thing I […]

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