Top 6 Reasons People Go Into Debt!

Why do people go into debt? Well, over the years I have seen it all, heard it all and lived through most of it! I’ve come up with my list of why people go into debt but realize this list could be much larger. Your debt load depends solely on your own situation as people who have a high debt load are there for their own reasons. I’m not here to say what is right or wrong or to point fingers, rather simply to share the most common reasons that I have come across in my years. Reasons Why People Go Into Debt 1-Divorce or Separation- When couples split they don’t realize the amount of debt they can incur when dealing with lawyers, real estate agents or spouses debt etc. Factor in child or spousal support and that can take a big bite out of your pay leaving you short to pay the bills. Keep in mind money is the number one reason couples fight and split up! Rebuilding life and finances after a divorce is possible but like anything is a journey to a destination. 2– No Budget– I’ve said it over and over but a Budget is imperative no matter how much money you make. Some people […]

Keeping the Costs Down-Spring Cleaning in the Canadian Sunshine!

Spring is in the Air! We’ve been waking up to windows open and the sun beaming down on us in our bed with the birds chirping a beautiful song for a couple of weeks now. You know it’s time to get up when all the familiar sounds, sights and smells engulf your space. Visions of cleaning our home inside and out, top to bottom, fill our heads as I’m sure it does yours. Winter is nice to chill out watching a movie by the fire, so what you shovel here and there but the term “lazy winter” is what it is! The first day of  Spring quickly came upon us yesterday March 20 but for weeks now the weather has been more than cooperative all over Canada and the USA. As the snow began to melt the unsightly landscaping of surrounding houses reminded us that this year was our year~ We await the flowers to bloom and the bees to jump about in their glory. This year is the year we are not only tackling our “Spring Cleaning” chores but have to landscape our property before the wildlife mistake it for their new home.  We will also be using “Vinegar” , baking soda and lemons […]

grocery game monthly challenge

The Grocery Game Challenge-March 19-25 Week 4

In light of today being the first day of Spring that means fresh fruit,vegetables and meats will be in our meals more frequently in our home. We love fresh vegetables and fruits for lighter meals in the hot weather. So I thought some juicy red Canadian cherries to be proper as this weeks picture of choice! Well as I mentioned to most of you we will be over budget this month in the grocery budget. I realize that budgets aren’t bullet proof and sometimes we will go over budget- we are human!  We start this week at $244.75 that’s already $54.75 over our $190.00 budget this month.- See all updates at the end of post as this number has changed! There are 2 reasons why we are going over budget 1- We are stockpiling items that are a great price 2- Shoppers Drug Mart 20x point event I don’t know that every time there is a Shoppers Drug Mart event we take part in that we will go over budget but this time we have. We will see our grocery budget eventually go up starting in July as we host students from Europe for the summer. We begin to stockpile items […]

Paid by Cash In Canada- New Home,New Baby,New Garage Door Openers!

I’ve started a new Category devoted to my FANS who send me emails about how they paid cash for items they needed. Our first story today was submitted by Amanda Kosher who  lives in Ontario. She tells us her story which is both inspirational and touching. Saving to pay for what you need in cash keeps you away from the dreaded evil credit monster. Thanks Amanda for sharing your story with the Canadian Budget Binder community! Cheers, MR. CBB Here’s Amanda’s Story: We sold our house in last year and purchased a bigger one in Ontario,Canada. The house we sold had all the bells and whistles. We lived there for more than 15 years so we had updated everything. We built on a deck added garage door openers, put in a skylight, a hot tub, you name it, that house had it all. Our new house was a newer built 3500 sq ft estate home, which the original owners began to upgrade but ran out of money.  Although the home was new, big and beautiful, it had no deck, no garage door openers and no landscaping. Our situation not being like it was 15 years earlier where we could just do […]

It’s a Spicy Price to Pay for Convenience Foods!

With  most families having both parents working outside the home in Canada convenience in the kitchen seems to be the way to go. Take-out Pizza is on the menu at least once a week and that’s the day parents can simply chill out and get some backlogged house work done or spend time with the family. Is spending over $1000 a year on pizza worth it and at what cost? What other conveniences foods or items do we want in our Kitchen?  *Prepared Food or Spice Packets  Since trying to lower our overall budgeting costs we wanted to find ways to keep the budget with-in reach. Let’s look at Spices and those prepared packets we all buy. How many of you have bags and bottles of spices thrown in a drawer or a cupboard? That’s right I’m talking to you.. I know you are shaking your head saying yes I’m guilty! That’s ok we used to be as well. HOT HOT HOT!! Spice up your Summer cooking with our huge selection of Chili Peppers and powders at SpicesForLess.com I’m betting most of your spices are outdated or stale because you don’t use them often enough. The price of convenience reels you […]

Canadian Stockpiling Tips-Saving Money in the Budget!

STOCKPILE YOUR BUDGET   Every couponer knows that the key to long-term savings is building a successful stockpiling of everyday essentials. Having a variety of items on hand that you paid rock bottom prices for helps eliminate those last-minute, unplanned trips to the grocery store. Stockpiling is not as difficult as it seems and don’t be set-back or intimidated when you see those TV shows on TLC The Learning Channel). We can’t stockpile with coupons to the mass extent they do in the USA but stockpiling in Canada can be done. When you don’t stockpile on everyday products this is where you could end up paying full price. Here are a few tips to help you start, and maintain, a functional stockpile in your own home. More Savings for the Budget Canada- Are you listening?   Plan before you purchase   The first thing you want to do if you are considering stockpiling products is to plan out what you would like to stock, as well as how long you would like it to last.A good stockpile will go a long way if you plan out your shops. For example, if you would like to stockpile laundry detergent enough to […]

Our Canadian Home-Tips to Save for a mortgage Down Payment

A HOME IS A BIG INVESTMENT   Saving for a down payment on a home is probably one of the biggest goals many people set out to achieve when they want in on the real estate market. Are you thinking of making the move into home ownership? Deciding whether you should continue to rent or buy a home is a decision only you can make. People often ask me why I chose to buy a home so young when I was living in the UK. I decided to buy so young because my parents taught me the value of money early. I saved my money because I knew that I should be able to make more money over time if I invested it wisely. I also realized that I didn’t want to rent but that I’d rather own my piece of land in this world. I’m not going to lie and say it was easy as that’s simply not the truth. I worked hard and long hours to get me into the home ownership scene. I had no debt and paid cash for everything I needed. My wife was the same way growing up so we both had an understanding […]

%d bloggers like this: