How A Guy Managed To Break The Poverty Chain: The Saturday Weekend Review #206

A CHANCE MEETING WITH A STRANGER CAN SOMETIMES PUT THINGS INTO PERSPECTIVE FOR YOU   Breaking the poverty chain seems like an easy thing to do especially if you’ve lived a life where money hasn’t been a stressful event for your family. You also don’t have to live in the hood to be part of the poverty chain even though there is a stigma attached to such neighbourhoods. It’s not just moms and dads collecting money from the government but also for those people who can’t seem to get ahead no matter what they do. Are they doing something wrong? Possibly, yes. There are plenty of families who have a dual-income that simply can’t manage their money which leave them struggling month after month. There is a face for poverty and then there is a hidden face for poverty that can weigh heavily on the shoulders of every family member, especially the kids. While I was making a tea at work there was a guy I had never seen before at the lunch table reading the Toronto Star and having a bite to eat. Out of the blue he says, “I don’t understand why people complain about price increases” to […]

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 […]

Our 2016 Financial Journey Has Come To An End: The Saturday Weekend Review #204

  WRAPPING UP ANOTHER YEAR OF FINANCE AS THE NEXT IS SET TO BEGIN. ARE YOU READY TO TAKE CHARGE?   It’s just about time we say goodbye to 2016 and get ready for the challenges that await us in 2017, and there will be some. With rising food costs, increased utility bills and the ups and downs of interest rates we’re in for another tight year of saving and investing. Every December I get an influx of emails from readers who want to put the year behind them and start anew with a fresh outlook on their finances. This is a great opportunity to set up your 2017 budget especially if you are motivated to do so. My blog budgeting plan for 2017 will include lots of budget talk and possibly a more in-depth look at a new budgeting series to compliment the first I wrote back in 2012. We’ll call it CBB Budgeting Series v.2 only because I’ve learned much more over the years and feel I should share everything I know about budgets. This is the last Saturday Weekend Review post for 2016 and I hope you’ve enjoyed all of the fun we’ve had here on CBB. […]

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 […]

grocery game monthly challenge

4 Simple Shopping Improvements To Battle Food Price Increases : The Grocery Game Challenge 2016 #1 Dec 5-11

WITH FOOD PRICE INCREASES ON THE HORIZON IT’S IMPORTANT TO TAKE ACTION NOW SO YOU UNDERSTAND HOW YOU PLAN TO TACKLE YOUR GROCERY EXPENSES.   When consumers distress about money the first two things that pop up are groceries and utilities followed by rent/mortgage, taxes and insurance. These are not always fixed costs which means they can fluctuate thus causing potential problems with budgeting. You are in charge of the outcome. If you have a budgeted amount to spend you must stick to it or cause potential losses to other budget categories even in the face of food price increases. Just because food prices go up that doesn’t mean your budget should increase as well. Most people just don’t have the spare cash to do so. It’s already a struggle for manyCanadians who can’t keep up with current food prices and balancing the budget. Mary, a financially savvy woman who has been a part of this blog since 2012 and participates in the Grocery Game Challenge understands the struggles. I agree with what she had to say on the topic of looming food price increases. Increasing your grocery budget assumes you have the extra cash to do so. I’m having […]

Why We Bought Our Toddler Christmas Presents At The Dollar Store

THE TOP TEN DOLLAR STORE CHRISTMAS PRESENTS FOR KIDS ARE SIMPLE BUT FUN.   Christmas presents are only part of the holiday season but one of the most expensive. While some parents might drop a jaw reading the title of this post and say they’d never spend money buying Christmas Presents at the Dollar store for their children other parents say this is all they can afford. Our little guy is working his way up to three years old and recognizes toys and anything that goes zoom from a mile away. That’s why we chose to find the Top 10 Hottest Christmas Presents for boys and girls at the Dollar Store this week. Whether you think the toys are cheap that’s up to you but remember what you buy will soon be buried and forgotten. How’s that for a smile and a wad of cash?   Kids only get what we give them. Your choice, Your money.   We have no issues with stopping by Mastermind Toys, Toys R Us or any other store that offers children’s toys with our boy. He’s perfectly happy just looking at the boxes and on occasion playing with toys that he can get his […]

11 DIY Easy Christmas Decorations For Your Home : The Saturday Weekend Review #199

DECORATE YOUR HOUSE THIS HOLIDAY WITH HOMEMADE CRAFTS ON A BUDGET   It’s that time of year again when we start to think about Christmas baking, Christmas gifts, Christmas Tree Decorations Ideas, Christmas theme ideas and all of this costs money. Lots of money, especially if you don’t budget for the holidays. You’ll certainly feel the crunch come January though when the bills come due. You can eliminate a chunk of the holiday financial stress by making homemade Christmas gifts including DIY Christmas Decorations. If you’re already tight for cash don’t go out and spend your money on Christmas decor that you can make at home for a fraction of the price. To be honest I really like homemade Christmas decorations over store-bought. One of my fans was showing off her DIY Christmas holiday frames that she’s made. I would have never have thought to re-purpose a picture frame with some spray paint, bows with sparkly Christmas balls dangling. Brilliant idea. There are some pretty cool Christmas decorations you can buy that are outdoor but you’ll pay big bucks for them unless you wait until the end of season. On Boxing Day consumers flock to the stores to grab deals […]

6 Strategic Money Management Motivators To Keep Us Focused : October Net Worth Update (+0.55%)

THREE M’S THAT CAN CHANGE THE WAY YOU LOOK AT YOUR MONEY FOREVER.   Budget your money, Budget your money, Save, Save, Save we are told, but that’s only a portion of the solution to what so many people are feeling when it comes to feeling the financial crunch. Financial affairs should always be part of your daily routine however just because you use a budget doesn’t mean you will become successful at running it. It takes far more work than just budgeting to achieve your financial goals. In fact it takes a hell of a lot of work outside of the spreadsheet and whether your committed or not will show in the numbers. Let’s talk about the numbers for a moment especially since November is Financial Literacy Month across the globe. Numbers aren’t the only way you’re going to become rich. Come on now we all want to have money in the bank and being rich to you might mean you are debt free or have more than $100 in the bank. Whatever the case may be always remember that those numbers didn’t become what they are magically. They had to come from somewhere, somehow and most likely that […]