How to Save Money on Airfares Using A VPN

TRAVELLING WITHOUT THE HIGH COSTS MEANS A BIT MORE WORK SOURCING DEALS BUT WORTH THE EFFORT.   We often do a lot of traveling, whether it is for business ventures or vacations. In fact, we’re heading to the UK next month for the first time since I moved to Canada 10 years ago. Travelling to Europe isn’t as cheap as it was when I lived there. I was able to score some great deals and travelled to many countries for cheap and vacationed like a king on a budget. In today’s technologically advanced world, we can hardly spend time away from our digital gadgets. We need to check our Facebook accounts, watch the trending videos and keep our friends updated about our whereabouts — even when we are traveling. But in doing so, we often risk our online security. Especially when we use the public or semi-public Wi-Fi at the airports, train stations, cafes, and hotels. Related: How I budgeted my travel expenses for work and for play Anybody using the same network can track your activities and fetch the information (usernames, passwords, credit card numbers, etc.) you send over the Internet connection. However, a VPN can be your savior. […]

How To Build Your Wealth Without Earning Big Bucks : April Net Worth Update (+1.96%)

YOU MUST BE EARNING BIG BUCKS IF YOU’RE DEBT FREE- Not exactly.   The misconception that you must be rich and earning big bucks if you’re debt free is SO WRONG. The first thought that comes to mind when a young person says they are debt free without a mortgage is that they must have inherited money from someone. Typically the parents are the first target of interest, but does that really matter? Not really. It helps but it’s not often parents have the spare cash to dish out but for those that get that kick-start if they aren’t money-wise they could lose it all. Buying a house depending on where you live in Canada is becoming out of reach for many people especially millennials looking to get into the real estate market. A recent house sale on our street went for nearly $700,000 at just under 1400sq feet. Have a look at how much we value our house at in our net worth chart below and you’ll see what I mean. Manulife Bank issued survey results on Tuesday that suggest 45 per cent of millennial home buyers received a gift of money or a loan from family. That compares […]

Crazy Notions About Being Young And Living Debt Free : The Saturday Weekend Review #221

IF YOU GET EXCITED ABOUT WHAT SOMEONE ELSE HAS DONE ASK THEM IF THEY WILL TEACH YOU TO DO THE SAME.   There was a time in my life where I would come down on myself hard because I was sick and tired of not being able to live the dream. Whatever that meant back then I can’t tell you but I know today that it means living debt free. If one of my mates had rich parents I would be jealous about it and wished I was that lucky. There was lots of wishing going on and not much doing. Once I had my first job earning money that’s all it took because I never looked back, only to say I’m sorry for judging you in my own little way. I wanted all the riches back when I was a boy but as I became older and lived through many financial experiences that super-charged my mindset. I’m finally at a happy place in my life where money doesn’t matter so much. It’s just nice to have and money stress is gone for the most part. I don’t go to work for the money, I go because I love it. […]

How to become Financially Free in a How To World : March Net Worth Update (+1.46%)

HOW TO LOSE A GUY IN 10 DAYS…   Remember that movie? Even the relationship industry has poured their hearts out to those in need of motivation for years and making a mint from it. Why? The words How and To can be compared to gold because finding the answers to something you need or want is a relief, a big one. Becoming financially free was something I wanted from a young age even though I was still learning about what the heck it meant. All I knew is that if you needed something you had to have money to pay for it. I knew that you had to work to make money and that it wasn’t always easy to find a job unless you specialized in something that was needed. I ask myself, ‘How to’ do something when I don’t understand what I’m doing and Google it. I did lots of that when I was in University and I still do it today for just about anything I need clarification on. Is it all true what we read online? No, so before you rush out to make millions of dollars from licking envelopes be ready to embrace the good, […]

How Should Couples Split Household Bills?

WHEN YOU MOVE IN WITH SOMEONE YOU SHOULD NEVER EXPECT TO PAY LESS OR MORE BASED ON YOUR INCOME LEVEL.   Moving in together is a big step for couples and with that comes an entirely new set of financial rules mainly called, splitting. When should you talk about money in relationships? Whenever it is right for the both of you but certainly before moving is ideal. Don’t be afraid to pull out the money card because if you’re thinking it then it is important to you as it should be. Living together may be economical especially if you are spending every day with someone you care deeply about however there is much to discover before you take that step. Some couples just end up moving in together without even knowing it. A shirt here, pants there and before you know it your bathroom counter shares his and her health and beauty products. What in the world just happened? You moved in together and with that comes financial responsibility. Unless you plan to fork over all the money for your partner who now lives with you, talking about splitting household bills is a good idea. Generally doing this before-hand is […]

University Student Makes Costly Friendship Mistake

SOMETIMES THE BEST PATH IN LIFE IS TO FIRST BELIEVE IN YOURSELF.   Friendship is a wonderful thing especially when you are networking and keeping doors open for opportunity that might come your way. It’s all about who you know right? In most cases, yes but you can’t just rely on friends. Do you tell yourself, “I need a friend” or ” I want a friend”? There is a difference between Needs vs. Wants that we talk about in the finance world and the same can be applied here. If you don’t need it then don’t waste your time, energy or money on it. If you want something then you have to work hard to save money to pay for it. Compare this to earning the friendship of someone new in your life. Don’t get me wrong, having friends is great but at the end of the day they do their thing and I do mine. Contrary to what you’ve read in children’s books growing up life isn’t all about rainbows. There are no unicorns, dolls and talking cars who will watch your back and give you advice. At one point you probably imagined that Spiderman was your hero and […]

3 Advantages Of Starting A Monthly Net Worth Calculation : December 2016 Net Worth Update (+1.88%)

THERE’S ONLY ONE ACTION YOU NEED TO TAKE WITH YOUR MONEY AND THAT’S CONTROL.   It amazes me how many people want to know the net worth calculation of everyone else but themselves. It seems that unless you know you’re doing well financially seeing a net worth summary is pointless. Hardly the case, let me explain. The first thing Mrs. CBB says to me when I bring her our monthly net worth calculation is,”How did we do this month?” Since I’m the one who completes the monthly net worth calculation I have to break the news to her whether our net worth went up or we took a hit. The next question is always, why? If the number decreased I get a sigh but if it increased she smiles which is likely the response from most people. Money and emotions can run high especially if you’ve invested lots or you grew up in a financially struggling household. One thing I noticed is that no matter what the monthly net worth calculation displays she wants to know, Why? The notion that net worth must increase when you spend less and balance the budget is misleading. These are not the only financial […]

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 […]