Couple Cancelled Wedding and Used $3000 Stag Party Cash For Debt

EVERY GOOD PARTY HAS AN ENDING   Unfortunately for this guy his stag party ended with excitement but his wedding never brought him to the alter. Every year couples get married but before the big day they may hold a party to raise money for the wedding. Some people are against being asked to participate in funding a wedding by attending a Stag Party (for men), Hen Party (for women) or a party for everyone also known as a Stag and Doe or Jack and Jill. There are no shortage of names for these kinds of money-raising events which consist of lots of drinking and plenty of fun games. That’s only the first stage because there may also be a wedding shower, Bachelor Party, Bachlorette Party and so on mainly orchestrated by the wedding party, family or friends. Some pre-wedding events are merely just getting out for the last time as a single male or female and partying with your friends. Personally I didn’t go out with my mates or have a Stag Party. My wife and I were pretty low-key about our wedding and saved the money ourselves, although it was a frugal wedding to begin with. A Stag […]

When the sole provider of the house loses their job

BE ONE STEP AHEAD OF THE GAME   When you are the sole provider of the house and you lose your job you’re now faced with a bigger reality that I hope you are prepared for. I enjoy getting emails from my fans and just this weekend I received one that really was unique and it’s a situation many people fear. I’ve talked about strategies to survive unemployment, job loss and disability when it comes to work and covered everything from emotional well-being, budgeting to emergency savings. A Canadian Budget Binder fan sent me an email the other day telling me her husband who is the sole provider for the family lost his job. She was thankful that she was ahead with the bills and had some savings to get them by but she was not sure where to turn next. They are not Canadians rather live in the USA and so they both took on the only jobs they could find which are commission based. The reality is that no matter where you live this could happen to you. This could happen to a single person, or a single parent with only one income.   Losing your job   […]

Too Many Bills Not Enough Money Each Month

Some Canadians are faced with the reality that they simply can’t get to the end of  the month before running out of money. We humbly turn to credit cards, lines of credit or even borrowing from family and friends to make ends meet. For some Canadians having a high debt load and spending more than they earn spells disaster and for some debt denial is better than acknowledging it. This ends up leaving no room for  retirement savings, the kids RESP let alone an emergency savings account. With grocery prices slated to increase in 2013 it’s time to buckle down and make a game plan before the going gets tougher. Do you feel like your hands are tied and you don’t know where to turn? You’re not alone but there are ways to tackle this problem so don’t give up. What do you need to do? You need to either improve your income or reduce your expenses meaning that you have to take a hard look at your finances. Do you know your net worth? You should. Do you use a budget? You should. Budget, but why should I budget when I don’t have enough money each month? That’s OK, you still need […]

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