6 Eye-Opening Strategies To Help Transition You Into A Budget Master : Our December 2016 Budget Update

IF THERE’S ONE LIFE SKILL YOU WANT TO MASTER IT’S HOW TO MANAGE YOUR FINANCES.   Every January social media lights up with posts about debt, money, savings, retirement, divorce, marriage and spending habits. Magically I see an influx of traffic to the blog that is out of the ordinary with searches always leading to budgeting, debt reduction and how to make money fast. Mrs. CBB had her friend over this afternoon and while she was making a tea in the kitchen the budget discussion came up. My wife lifted up a large Ziploc bag filled with our monthly receipts and said that she was working on adding the last few into the budget spreadsheet. When Mrs. CBB dropped the bag her friend said that she just finished writing out her family budget the other day.  With a second baby on the way and price hikes hitting Canadians hard at the start of 2017 she wants to make sure that they can continue to afford living where they do. Keep in mind this is the first time they’ve used a budget before so writing it out is sometimes an easier way to transition into a budget master. Baby steps are […]

grocery game monthly challenge

How To Calculate and Track Only Your Food Expenses : The Grocery Game Challenge 2016 #3 Dec 19-25

A FOOD COST ANALYSIS IS A GREAT WAY TO CALCULATE THE EXACT AMOUNT YOU’RE SPENDING ON JUST FOOD.   Working out food costs might sound boring but what’s exciting is knowing you’re working hard to save money by understanding your spending habits and tracking numbers. Over the years we’ve began to track our food expenses a bit differently than we have in the past. Originally we would calculate any receipt that came from the grocery store and classified those numbers our grocery budget. This is fine if all you want is a estimate of how much your food expenses are but you won’t get a true number. Some of you budget fans might not want to break it down and just dump the full expense into a dominant category depending on the store you shop at. Some savers like to keep their budget very simple with basic budget categories and then there is the wife and I who like to dig a little more. By this I mean we take our monthly budget and any category that we can think of that should be on its own or that we want to exclusively track throughout the year we give it […]

Why a cash only budget might be right for you

CASH MAY BE EASIER FOR YOU   Not everyone who uses a budget likes to use cash but some people were meant to use the cash only budgeting system because it’s right for them. A budget for us meant that it was going to help us build wealth and keep us debt free along the way. So far I have to say it’s doing its job but it’s not working on its own. It takes two, the budget and you to work. Cash is something that most people hang on to for dear life and not in the sense of saving but making sure they don’t lose it. Why? It’s simple. Cash can get you from point A to point B or buy you whatever you need. Cash is what makes the world go round and what keeps most people sane simply because when we have no cash, life sucks. The problem with cash for some people is that they don’t know how to hang on to it nor do they know how to use a credit card properly. Forget the credit card the debit card is a much easier form of plastic to blow money with and it’s used […]

grocery game monthly challenge

The grocery game challenge Aug 5-11, 2013, #1 – Skip the shopping cart and save

Carry Your Groceries And Save Money Whether you call it a cart basket, grocery basket, shopping basket, hand basket or even a basket shopping cart if you use one of these nifty baskets to grocery shop it may save you money. A grocery game challenge fan Christine (lovely lady) posted her shop this past week and was talking about how skipping the shopping cart and opting for a shopping basket might save money when grocery shopping. It never really occurred to me but in some way she may have hit the nail on the head with this one, only because when space is limited you can only buy so much. So I went over by $5.00 this week but because I was under so far this month I managed to be under for the month!!! So that $15.25 was dropped on the overage to bring it down just a little. I think not getting a cart and just getting what the two of us could carry at NF helped as we were loaded down pretty good by the time we got to the till!! It’s not much but it is a start for me…. Now to keep it up… and […]

PF Reading List #13- Good Friday, Good Food and Meeting Gail Vaz-Oxlade

Today is Good Friday, a religious holiday for many Christians which is celebrated the Friday before Easter Sunday all around the world.  It’s a time to commemorate the crucifixion and death of Jesus Christ. Since we observe this holiday, along with an afternoon mass we will be serving this day as a day of fasting eating one full meal and 2 smaller meals which are normally light meals. Others will be celebrating Easter this weekend with family traditions and lots of  Easter Chocolate and egg hunts. Easy Good Friday Meals Tonight we will be making a meatless meal which will be a lightly fried fish served over lentils and rice a tradition we started last year and hope to continue each year. Another great meal that my friend Megan at Cooking Whim’s posted is a lentil Sheppard’s pie which is another easy frugal Good Friday meal to make for the family. I’ll be posting my version soon but check hers out it looks delicious! You could also go modern and try my meatless lentil Sloppy Joe recipe for some new and exciting at the table that the kids might just love. Come Easter Sunday if you want to hang out with your friends and […]

January 2013 Canadian Budget Binder Monthly Budget Update #1

Learning to budget money is not always as easy as it seems to most people as it takes time and planning and continual revisions over the course of the year. Some people have no desire to budget monthly and only check in quarterly or yearly but not this guy. Most families are happy to start out with a basic budget sheet until they get the hang of the monthly budget items that they need and over time will graduate to something a bit better. In our case that is what we did and later designed our own CBB monthly family budget as an excel spending worksheet. In 2012 we learned alot about our spending habits and in 2013 we hope to challenge what we learned to make this year an even brighter year in terms of finance and savings. By April this year our mortgage should be closed and paid in full as this will be our 4th year into a 5 year term. We are currently in the process of getting this all sorted out so it’s a waiting game but one we are ready to celebrate when the time comes. Champagne anyone? You bet we are excited and why […]

March 2012 Canadian Budget Binder Budget Update

Hi there folks, I’m back with the March 2012 budget update for Canadian Budget Binder. You probably already know but we’ve just finished designing the Canadian Budget Binder Budget Spreadsheet and have tested it out this past month. We are continually trying to improve the sheet and so far we are very happy with the outcome. In the upcoming month we will look for a few volunteers to test it out and give us some feedback. Most of the excitement has come from the “projected expenses” the expenses we have decided to budget in each month and transfer to a separate account until they come due. Many of my fans agreed that when it comes time to pay one of these projected expenses they had to pull money from their savings or emergency savings to pay the bill as there was not enough money left in the budget.  Some even went as far as to put it on a credit card or use the line of credit as the money just wasn’t in the budget. It’s the small things we tend to overlook and I really don’t want to be dipping in our savings to pay for them. The Emergency Savings is […]

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