Should you be sent a bill if you are a party no-show? : The Saturday Weekend Review #106

The Saturday Weekend Review logo

NO SHOW FEE IS NO JOKE   The budget is tight these days for most people so if you plan to accept an invite to a party be warned that if you are a no-show you might be sent a bill. That’s right you might just miss that one event which you confirmed you were going and bam… you’re on the hook for your spot at the party. No it’s not going to become a law (yet) but make sure you read the fine print (if any) on your next invitation or the party patrol might hunt you down. It might read something like this… If you (person named on invite) are a no-show after confirming that you will attend this party please be advised that you will receive an invoice in the mail for the cost of your portion of the event. Payment can be made to my bank account or I don’t mind cold-hard cash $$$. I know I’m having a laugh as there wouldn’t be an legality behind this that I’m aware of but this really did happen for one dad in the UK. There are two-sides to the story and an easy solution.. in my opinion. […]

Mom has meltdown over teen and financial responsibility

teenager financial responsibility

TOUGH LOVE, TOUGH LUCK   When a CBB fan came to me via email yesterday to help her with a problem she is having at home with her daughter I said sure. I thought to myself how difficult could it possibly be? I thought maybe she wanted a lesson on how to help her teen budget money or find ways to earn extra money on the side. Sadly, I was only half right. Teaching your kids financial responsibility starts from a very young age and some kids, well they just don’t get it. It’s easy to for kids to not understand just how costly it is for their parents to raise them and believe they are ‘entitled’ to handouts until they leave home, if they leave home. If you aren’t part of the process you won’t understand the process and that’s why it’s not until we are older that we look back on our lives and understand why our parents did what they did. I’ll be honest and say that when I first read her question the evil side in Mr. CBB came out and I thought… Why don’t you just kick your “teen with an attitude” out and teach […]

Engaged? Five money conversations to have before you say ‘I do’

engaged

IMPORTANT TALKS TO HAVE   You just got engaged. Congratulations! It’s a busy and exciting time full of planning for the future. But in the midst of choosing bouquet flowers and planning the honeymoon, the one thing you can’t neglect talking about before you tie the knot is money.For a lot of people, money isn’t something they enjoy discussing. As someone who is newly engaged, maybe you haven’t had many conversations about money with your partner before. It’s time to start talking. Financial stress is one of the leading causes of divorce, so if you want to retain the blissful happiness you feel as an engaged couple, it’s important to get on the same page about finances early.I got engaged in June 2013 and married my husband in June 2014. It was a whirlwind leading up to the wedding, but these are some of the conversations that we had before and during our engagement. Being open with one another about finances, knowing what each person expects, and understanding each other’s views on money has made our transition into married life fairly smooth.Have these five conversations while you’re engaged and you’ll help ensure a solid footing for your marriage.   The […]

CBB Year-End Financial Report : December 2014 Net Worth Update (+1.29%)

MONTHLY NET WORTH UPDATE

FINISHING UP THE YEAR   As another year ends we look back on what occurred to make the gains we made and the losses we took a hit on with our year-end financial report. The objective of financial reporting at the end of the year helps us to create goals for the following year and to somewhat forecast where we are going financially. For the first time in our lives we have been able to say we are mortgage-free and that happened back in April/May of 2014. This was not only an achievement for ourselves but set us on the right path to save and invest even more for a healthy retirement in the future. There hasn’t been one point during the last 4 years of using a budget that we thought, this isn’t worth it. It was and continues to be the best thing we ever did for our finances. In 2014 January to December we saw a 11.34% increase in our overall net worth which is more than we ever imagined. Thrilled, you bet. Motivated… beyond belief! Below is our final numbers for the 2014 year.   Our 2014 Financial Report   Below you can click the links […]

Setting Goals Like the Wealthy

setting goals

MAKE  YOUR FINANCIAL SUCCESS COUNT   You may never be as rich as Bill Gates or Warren Buffett, but setting goals like the wealthy is just as important for you as it is for them!   Importance of setting goals   I’m sure you’ve already heard people preach on the importance of setting goals. ‘Make your goals specific, easily visualized, and attainable,’ they often say. That’s important advice for people to hear. But it’s not really enough to be helpful. As Mr. CBB recently posted , planning ahead is a critical part of financial success. But it is just as critical to plan ahead when setting your career goals!   Planning ahead   When I was growing up, my parents constantly told me to plan. The problem is that when I tried to do that, things usually didn’t work out anywhere near the way I expected them to. It didn’t take long to figure out that my efforts to ‘plan ahead’ were useless. I don’t know about you, but I don’t like to waste my time on useless endeavors! I can hear you thinking, That’s an odd story to tell when you just said that planning ahead is critical to […]

The Time I Overpaid For A House Cleaning Service

House cleaning Service

Too Good to be True?   Doesn’t someone else cleaning your house sound glorious? Elbow grease besides your own scrubbing and buffing until surfaces are gleaming? It sounded great to me until I actually went through with it! House cleaning wasn’t something I had ever considered until this fall. I was moving into a new apartment 1,200 miles away, and I was doing so in a hurry. My husband’s relocation gave us two weeks to find an apartment in a city neither one of us had ever stepped foot in and move our entire lives there. The process started with frantic apartment hunting online in an attempt to secure housing from a distance. An unsuccessful week later I took a one way flight to New York City to rent an apartment and rent it quickly. I wouldn’t leave until I had a lease with my name on it. Within a few days I found an apartment, signed on the dotted line, and booked a flight back with one day to pack belongings before hitting the road in a moving truck New York bound. If you think that sounds crazy, it was. With all that craziness I knew that the last […]

15 Frugal City-Living Tips To Save Your Budget

Frugalwoods_City_Living

LIVING IT UP ON A BUDGET   Living in the city isn’t for everyone—it’s hectic, expensive and not the most natural outlet for frugality. Or is it? I’ve found that city-living actually lends itself very well to the frugal life. There are plenty of ways to extract value and reduce your expenses while living in traditionally high-cost locales. Mr. Frugalwoods and I have done the city thing. Since graduating from college, we’ve lived in New York City, Washington, DC, and Cambridge, MA (twice). Why would we, as notorious frugal weirdos, live in some of the most expensive cities in the world? Well, to be honest, because we wanted to. We were both raised primarily in the mid-western United States and had romanticized visions of the chic, cutting-edge, cultured cities of the fabled east coast. We wanted to prove we could make it, that we could succeed in these notoriously competitive job markets, and that we could maintain our frugal wits in these havens of lifestyle inflation. And we have. The past 8 years have been an incredible experience for us. It has also been instrumental in teaching us what we really want out of life, which, as it turns out, is the exact opposite of […]

Does your neighbours home improvement really affect your property value? : The Saturday Weekend Review #101

house property value

BABYSITTING THE PROPERTY MARKET   Your property value is determined by many factors and whether your neighbour paints his garage door pink or purple that has nothing to do with how much your home is worth. Sometimes I can’t get over how some neighbours pick on each other for the silliest of things. Earlier this year we talked about one of our neighbours who hardly ever cuts the lawn. We got serious about overcoming laziness as a homeowner and joked about renting a goat. That was a legitimate complaint because there is a city by-law against leaving your lawn to grow to a certain height. Sure if the homeowner were to sell his house it may impact how much someone would be willing to pay him. The house might deter potential buyers of other homes that are well-kept but for the most part I don’t think it would bring down property value of all the homes. When a homeowner lets their home fall apart that’s when I’d start to worry but not if they are making improvements to the home and keeping the property looking good. It becomes a pain in the butt when the neighbourhood patrol group picks on […]