Black Friday Shopping Is Now On Our To-Do List For 2 Reasons

black friday shopping is on our to do list for 2 reasons

MISS THE SAVINGS AND YOU MAY END UP PAYING THE PRICE   Black Friday shopping may be just another day to you but for many consumers it’s a day to save money in their budget and a great way to buy gifts for the holidays. I really don’t know why they call it Black Friday though when most retailers are starting sales on Thursday and some even going all week-long. Black Friday is not a one day sale anymore which I discussed last year but it seems every year some retailers add an extra day or wow factor to the day. Even the 2015 Canadian Tire flyer states “Black Friday Starts with Red Thursday“. Retailers may as well offer Black Friday shopping with a full month of savings for consumers in November and be done with it. Sooner or later it will be Maroon Monday Turquoise Tuesday White Wednesday Red Thursday Black Friday Sky Blue Saturday Sea Green Sunday There, I’ve done the work for them. All joking aside you get the point. My email inbox has been flooded with Black Friday promos this past week and once that’s done there will be another marketing extravaganza for the next big […]

I Doubled My 20% Savings Rate By Cutting Out These 5 Things

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YOU CAN ALWAYS SAVE   By: Des from Half Banked One of the fastest – and safest – ways to reach your financial goals is to increase your savings rate. I say that as a millennial who isn’t making the “big bucks”, so this is a widely applicable concept. Increasing your savings rate isn’t just for people looking to retire early! Related post: A Beginners Guide To Early Retirement Let’s say you’re saving $100 a month, and your goal is to build a $5000 emergency fund. At $100 a month, it will take you just over 4 years to hit your goal, assuming you’re saving your emergency fund in a high-interest savings account that pays 1% interest, compounded monthly. If you were to double that savings rate, and put $200 towards your emergency fund every month, you’d reach your goal in just over two years. You’ve just slashed the time it will take you to reach your savings goal in half, just by increasing your savings rate. You didn’t need to rely on any high-risk investments, and your emergency fund is good to go a lot sooner.   Why did I increase my savings rate?   As a millennial, I’m […]

How to handle negative people who criticize your budget : October 2015 Budget Update

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BUTT OUT COMES TO MIND…   In most ways we have a combination of positive and negative character traits although not everyone recognizes when the negatives outweighs the positive. When we let negative traits suffocate us we find it difficult to see the reasoning that others have for doing what they do whether you believe in it or not. There will always be people who criticize and it’s up to the individual how they handle these situations. Just recently I was helping a fan get started with our free budget download because she wanted to test our budget. In conversation I learned that over the past year she has saved $5000 and paid off over $8000 worth of consumer debt. She was a mall rat and every opportunity she could get shopping was where you would find her. These days she’s sitting behind her computer figuring out how to budget and how much money she can spend every month. Kudos to her and others that do the same because it takes a determined person to push themselves to get of debt and fight through outside turmoil. In her case… Her boyfriend is not happy about the budgeting because he is […]

Stay at home new mom causing financial strain and marital upset

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LIFE CHANGES WHEN THE STICK IS POSITIVE   So many people get divorced after having kids and now I know why, parenting is not easy but 110% worth the effort. I don’t think there is anything that could prepare you for becoming a parent, not even having lots of siblings. When we found out we were having a baby we knew that our lives were going to change, including our finances. My wife also knew that she was going to be a stay-at-home new mom and feared not knowing other moms to hang out with. Over the past year she has met plenty of other moms on social media, at the park and other community events. She says it’s getting easier but she does miss getting out whenever she is inside for a few days at a time with our son. These days we tend to do lots together as a family which helps our relationship to grow and our son build a bond with the two of us. Mrs.CBB is a people person so it’s important for her to get out of the house to keep her spirits up even though our son is the light of her life. […]

Buy the least expensive house in the most expensive neighbourhood

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BE PICKY WHEN HOUSE SHOPPING   Typically we like to buy quality when we shop which included shopping for our home. This is why we scoured every available neighbourhood around our city for the best deal. The only thing we don’t like is paying full-price which meant we had our work cut out for us. Thankfully, it worked out in our favour. When buying a house you want to make sure that if you are buying a $400,000 house that the neighbourhood matches the price tag or you might struggle to sell as fast as you’d like down the road. This is why we hear over and over not to over-renovate but then again a smaller house in a bigger neighbourhood might have more luck finding a buyer than a house that costs far more than smaller surrounding homes. Today I have an email from a guy who is a first-time home-buyer with his wife and wants to know if they should spend the money and get the biggest house they can or a smaller house but in a more expensive area. Note: If you have a question for me please send me a detailed email similar to below so […]

Single Man Wants To Know Where To Find Frugal Sexy Women


A CHANCE MEETING STARTS WITH HELLO   For some people love is more than what you feel in the heart, it’s also about how well you deal with money. Men today just like women are looking for someone who will complement their passion for frugal living. Let’s not forget though that a healthy relationship takes more than just money. That means money is only one part of the relationship pie. Back in 2012 I wrote a post asking whether frugal men were sexy and ever since then I’ve noticed quite a few visits to the blog where men were seeking advice about women. Yes there are men who want to date women who give some thought to their financial future. It’s funny how easy it is to generalize one gender over the other but there are no comparisons as we are both equal. The problem is that most men and women don’t know where to start when looking for love as they age. The older we get the harder dating seems to be especially if a career and family comes first. In our younger years we would go to the clubs dancing every weekend enjoying the night life but that […]

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

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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 […]

grocery game monthly challenge

When Your Food Budget Is Out of Control You Should Do This! : The Grocery Game Challenge #2 Sept 14-20,2015

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FINANCIAL TRUTHS OFTEN HURT   Most people struggle with an out of control food budget and maybe why you might want to read this post today. I’m here to tell you that there is only one thing you can do to fix your out of control food budget. Don’t worry, I’ll get to it below but I want you to read something first. Unfortunately, not everyone is ready for the truth when it comes to debt and their money until they need to do something about it. Self-control is easy for anyone to forget until we have to consider it in our lives. For some people it’s easier just to live free and go with the flow which only works on certain aspects of our lives. Our worst enemy was using coupons because we spent more than we should have just to save money. It turned out we bought too much food, went over budget and wasted quite a bit in the end. We kept telling ourselves that it would save us money in the future. To an extent it did BUT it got to the point we had no interest in the tonnes of food we were stockpiling. We […]

Could you survive a recession in Canada? : The Saturday Weekend Review #137

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EVERYONE VIEWS MONEY DIFFERENTLY   Whether the economists believe Canada is in a recession or not the fact remains that we should be prepared. If you’ve noticed that your pay rise has been overlooked or even so slim you’d hardly tell a difference in your bank account, you’re not alone. Even though Canada added 12,000 jobs in August the unemployment rate went up and sitting at 7.0 percent. This happened because there was a large drop in part-time jobs. These are the jobs that most people rely on for extra income or to make ends meet. I read an article about the so-called “Recession” in Canada presenting what questions would most often come up over and over and what expert economists had to say about them. In Canada we’ve been through 12 recessions since 1926 which is when data started being recorded. It is said that we go into a recession about every 7 years which is why we shouldn’t overlook the obvious, our own finances. A recession is a BIG deal and although I’ve only been in Canada since 2007 I was here to feel the financial crunch of 2008 which was big for us. My wife’s investments like […]

grocery game monthly challenge

Top 5 Grocery Shopping Methods Revealed…What’s Yours? : The Grocery Game Challenge #5 Aug 31-Sept 6, 2015

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THE RIGHT AND WRONG WAY TO GROCERY SHOP   Honestly, there is no right or wrong method to go grocery shopping BUT there may be consequences if you overspend. While at the grocery store today I wasn’t in the mood for any shopping so my wife led the way with our handy grocery list. What I did do was people watch other grocery shoppers while they were shopping. I guess you could say I was creeping their shopping carts. At the same time I was trying to figure out their shopping method because I realize that not everyone is as organized as we are and walk into a grocery store armed with a grocery list. I observed one woman walk through the grocery store doors with her cell phone in one hand chatting away and a basket in the other. She would wander around the store just grabbing items off the shelf as she toggled the phone from from her hand to her neck and ear. I started to follow her from a distance and noticed she had no interest in sales because she put the more expensive products in her basket as opposed to comparable products on sale. I’m […]

Why Are You Being Frugal When You Don’t Have To Be?

why are you being frugal when you don't have to be

MIND YOUR OWN FINANCIAL BUSINESS   The whole saving money and being frugal movement is always filled with people who just don’t get it. Wanting to save cash is not a new concept even if you think someone shouldn’t have to. It’s amazing how saving money ideas are crucial when running a business but not when it comes to personal finance for some people. Even if you don’t own a business you can bet your employer successful or not is always looking for ways to curb spending. You don’t have to be budget poor to live a frugal life and you can be rich and frugal at the same time-Imagine that! Mrs. CBB and I were at a friends dinner party about a week ago enjoying some of the finest foods including triple brie, prosciutto, melons and a main dish that we would only make for a special occasion. I guess that means we were all special. Most of the people in attendance would be considered “rich” or “well-off” because they own successful businesses or have thriving careers in the medical field. My wife and I don’t typically talk about personal finances with anyone however sometimes we’ve been happy to […]

3 Ways A Budget Can Help Ease Your Money Stress : July 2015 Budget Update

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FINANCIAL HARDSHIP CAN WEIGH YOU DOWN   Money stress is no stranger to most people simply because they’re not made of money and everyday bills can cause people to juggle money to make ends meet. When someone is deep in debt and the money stress is building up it can get overwhelming trying to find a way out. I’m not a financial advisor nor a doctor two people you may want to meet with if you feel you just can’t handle your money situation. If you’re up for the challenge I can assure you a budget will get you back on track. It may not happen right away BUT you will slowly feel the release of stress once you know where your money is going and how much you have left every pay to spend. While searching Kijiji this month for some used items for our son we noticed good friends of ours selling stuff. If you sign up for Kijiji and use the mobile app it shoes you people in your neighbourhood who are also selling items. This is great because if your neighbour has something you want to buy you don’t have far to go. It was a […]