How To Maximize Your Mortgage

  TAKE ADVANTAGE OF SHAVING YEARS OFF YOUR MORTGAGE Many people get into their first home and are so busy fixing it up, moving in and just getting used to their new home they quickly forget about their mortgage, other than that big chunk of cash that goes out of their account every month. They are losing money by ignoring it! Many banks don’t explain much in the way of “best practices” with mortgage repayment.  One of the simplest is paying your mortgage on either a Weekly or biweekly basis to speed up the repayment process, but beware, some banks offer non-accelerated weekly or biweekly which do nothing to pay back your mortgage faster! Follow this simple system when setting up your payments: If you are paid every 2 weeks, pay your mortgage with biweekly accelerated  If you are paid any other way, pay your mortgage weekly accelerated. The reasoning is simple, say your mortgage is $1000 per month, paying biweekly accelerated puts more onto your mortgage in a year ($500 x 26 = $13,000 vs. $1000 x 12 = $12,000), same with weekly accelerated ($250 x 52 = $13,000). So apart from your mortgage payment, what else can you […]

Paid By Cash In Canada- Bought My EMMO Bike-My Dreams Came True

Guest Post By: Janice Dicker Janice submitted her “Paid By Cash” story to Canadian Budget Binder to share how easy it is to reach a goal when you put your mind to it! Saving is easier when you budget and think outside the box like Janice! About Us Hi my name is Janice Dicker and I would like to start out here and let you know that I’m disabled. I’m not ashamed of my disability and I’m working hard on trying to make ends meet with my disability pension along with my husband who is also disabled. Together we  have a comfortable small house, a wonderful son, 4 dogs and a reliable car that gets us from point A to point B. The problem is this reliable car is costing us more money than we can truly afford. After paying the bills each month we use what money is left to buy groceries for the family. This is all the money we have and are unable to save for a rainy day. I’ve thought of ways that we could maximize on what we have to save some money and create an Emergency Savings Fund  for when something would happen. I needed […]

grocery game monthly challenge

The Grocery Game Challenge April 2- April 8 Happy Easter!

Since Easter is just around the corner I thought it be proper to highlight this special occasion for most families around the world.  I’m sure this weeks shop will include Ham, Potatoes, apples, stuffing, vegetables, gravy and dessert (brownies will be our number one chocolate pick of course) ha! One of my favourite recipes is what I call our Easter Dinner In The Crockpot which was sent by Shelley C. a Facebook Fan.  I ran with her  potato and ham idea and  made it my own jazzing it up with various spices and variations so that we could use it for Easter or any night of the week. It was a hit so try out my version and see what you think! Thanks Shelley! We love getting recipes at Canadian Budget Binder so simply email me your recipe along with your name and if I use it on my blog I will make sure you get the credit you deserve! Although we will be heading to the relatives for dinner this year we still made it to the shops to pick up some quick items.  When I finished our March Budget update and actually saw our $200 overspend on groceries it really […]

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 […]

How We Designed Our Budget Step 7- Balancing Our Budget

I’m going to warn you this is a bit of a long post so take your time reading it. Don’t worry I will be putting together a step by step sheet that shows you what we do each time we visit our Canadian Budget Binder Spreadsheet. Balancing the budget is a fairly simple task provided you have enough money to go around. If you are not balancing a budget or using one  you’re likely tossing money out the window without even thinking about it even IF you think you aren’t. It doesn’t  matter how much money you make each month, it’s  all about what you do with it. A budget keeps track of what’s coming in and what’s going out and what you’ve got left. If you don’t keep track of your money you could be spending more than you think.  It’s your choice, your life! Balancing a budget takes time and won’t happen over night. Once you think you have everything something else creeps in. When we talked about How we designed our Budget Step 1 – Gathering All the Information, where I asked you to round-up everything you need to pay, this is the part  where it is going […]

Driven To Quit Smoking Challenge Has Ended- A Lifestyle Change For Love,Health,Money

As you may know we quit smoking on January 29,2012 because it was the right thing to do. We have been tossing the idea in the air for over a year and we had to jump in head first. Our mates were very excited for us when we finally told them because they truly wanted to see us live a healthier lifestyle.  I am naturally fit as my job keeps me that way but I do all the right things including lifting weights, sports and eating healthy. Smoking was always our downfall and a way to cope with stress and everyday life. Here are some changes we noted since we have quit: When I’m working out at the gym I don’t get winded as fast. I feel like my lungs are wide open and fresh and that I can carry out anything I set my mind to.  If you want to lead a healthy lifestyle just being active 3 days a week is important. You don’t have to be a big gym buff like I am but simply walking the dog or to the park gets you out of the house and moving is what is important.  This is what […]

Mr.CBB’s Sloppy Joe~ So Good, So Easy, So Frugal $0.95 each

I was going to BBQ some burgers last night but time out with the boys at the gym brought me back a bit late to turn out my burger recipe. What I do is change it up by turning my lean beef into Mr. CBB’s famous Sloppy Joe’s. The wife and our mates just love these and I also make them when I’m in a pinch just like tonight. The recipe makes 8 Sloppy Joe’s and trust me they will be gone especially if you have hungry mates like I did last night! The cost to make this recipe is  around $0.95 each Sloppy Joe and I was on the top end with prices. This could even be much more frugal than it seems! So here we go…… Total Time start to finish under 30 minutes! Tools Large frying pan Spatula Ingredients 8 fresh Hamburger Buns or any Round Bun 1 can of Tomato paste 6 ounces 1 teaspoon salt 1 teaspoon pepper 1 teaspoon paprika 2 table spoons white distilled vinegar 1 table spoon Worcestershire Sauce 1 teaspoon of dry mustard 1 teaspoon dry oregano 1 teaspoon of dry basil 1/2 cup of  Tomato Ketchup 3/4 cup of water 2 yellow onions […]

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