Why a cash only budget might be right for you

CASH MAY BE EASIER FOR YOU   Not everyone who uses a budget likes to use cash but some people were meant to use the cash only budgeting system because it’s right for them. A budget for us meant that it was going to help us build wealth and keep us debt free along the way. So far I have to say it’s doing its job but it’s not working on its own. It takes two, the budget and you to work. Cash is something that most people hang on to for dear life and not in the sense of saving but making sure they don’t lose it. Why? It’s simple. Cash can get you from point A to point B or buy you whatever you need. Cash is what makes the world go round and what keeps most people sane simply because when we have no cash, life sucks. The problem with cash for some people is that they don’t know how to hang on to it nor do they know how to use a credit card properly. Forget the credit card the debit card is a much easier form of plastic to blow money with and it’s used […]

What’s in your pockets? : The Saturday Weekend Review #63

CHECK THEM TWICE   Empty out your pockets folks, then donate. Donating pants, shirts, toys, furniture etc. to second-hand shops is a great way to help others out who are looking for a bargain. How many of you check through each article of clothing or furniture that you donate before you let someone haul it away? Probably many of you can come forward right now to say you are guilty of not checking pockets before you donate. If you plan to donate clothes make sure you know where that last mustard stain landed just in case you are that one person who forgets a wad of money in the pocket before you give them away. If you are like me you don’t like to keep every penny you own tied up in a bank or investment. You have a stash of money at home although nothing serious enough to go rampant over if it was misplaced it’s simply a bit of cash to get you by if you need some cash. I for one like to keep my money in the bank and don’t keep excess amounts of cash lying around the house although some people come up with unique […]

The power of plastic points

If you’re like most people, you probably have a wallet full of colourful plastic cards that are taking up space and making it harder and harder for you to close the clasp! If you look through them, you’ll likely discover that while some of these cards are useful credit and debit cards than a few are loyalty cards you just never use. It’s understandable how anyone can end up with such a collection. Practically every retailer offers a loyalty point scheme. At the time, it can be hard to think of a good reason to refuse and with a little effort, the points we collect with plastic can be worth it … as the following tips show.   Be selective of points cards   Before saying yes to every loyalty point card which is put under your nose, think about how often you shop in a particular store. Is it really worth the effort of filling out the application form? Think about where you would shop regularly even if you weren’t part of a loyalty scheme. Once you’ve identified these stores then take advantage of the schemes that they offer. One of our favourite shops to use a rewards points […]

PF Weekly grab a brew #33: Kindness from a stranger

Would You Do The Right Thing? I’d like to think that there are good people still in this world and I am one of them. There is nothing wrong with coming in second or third or not at all as long as you play the game right. We fear failure but when we see a way to buck the system we jump on it and for many with no guilt or after-thought. I can’t say that I’ve stumbled upon anything more than some loose change on the ground in a parking lot but you can bet if I found something that wasn’t mine I’d do my best to get it back to its rightful owner. My luck seems to be finding pets and  well, you can bet I’ll be do my best to get them home. So where are all these good people then? There are amongst us and although not everyone wants their good deeds broadcast to the world every so often something spectacular like this happens. Finding money One of those good people, Paul Williams of Sacramento who works at Wal-Mart did the right thing. He was on his way home and ready to catch the bus when […]

PF Weekly Reading List #11- Free Money, Want Some?

Free Money, imagine how fast that would spread like wildfire at the office. I had a laugh then a jolt of concern this morning while I was reading the news about this 12-year-old student who was handing out money at school to her classmates. I’m sure you can imagine hoards of kids running up to this student wanting to see what she had in her bag. The article  states it was quite the “show and tell” but I say likely none of the kids cared where she got it from so “show and get it while you can” was on the playground agenda. It’s free money after all who would turn that down? Most kids that age know that money can buy “stuff” so why not get in on the action. The money was later all retrieved by the school so they could hand it over to the police to investigate. To shorten up the plot a girl who lives in Detroit, Michigan (Student B) is given a backpack from her friend (Student A) who lives across the street from her. The scenario below is what I imagined going down with the money although likely far from it. I just like […]

Solving Spending Pressures of the Holiday Season

You’re probably at the beach or spending time in the pool and snow and ice are the furthest thing from your mind. It’s only July but thinking about the Holiday Season early can save you money and help take the stress down a notch with a an early planning strategy. The Holiday Season was special for my family in the UK and there was a feeling of  joy in the air every day in December. We celebrated Christmas in the UK but just not on the level as Mrs. CBB’s family does here in Canada. Looking back I think if we had the snow it might have had a bigger impact on us. You know how we are all dreaming of a white Christmas… well that is part of the experience but not all of us get it. My father used to always say,”I was lucky if I got an orange son,you don’t know you’re born“. In other words you don’t know how lucky you have it now compared to life before you were born. My Mum and Dad would always help us kids decorate a tree and we would all have gifts to open on Christmas morning followed by […]

5 Unusual Places to Stash Cash at Home

Stash Your Cash The Smart Way   It is always good to have a stash of cash around the house in case of emergencies or unexpected scenarios where debit cards can’t be accepted. Leaving money in a house does bring with it the inherent danger that it could be found by a less than trustworthy relative or discovered during a break-in. These risks don’t exist with banks, but money isn’t as easily accessible at banks either. If you need cash fast sometimes keeping a secret hiding spot at home might be your answer. It’s like having your own cash card whenever you need it. Luckily people have hidden cash in their homes for millennia so a few good, albeit unusual hiding places have been thought up. These five hiding spaces from We Know Savings may sound absurd, but they are likely the best hiding places anyone has ever thought up.   Inside fake plants   Photo Credit:  Marcelo Moura Fake plants are a perfect place to hide extra money. Nobody, burglars included, is going to go rooting through the “roots” (pun intended) of an artificial house plant. Most of these household decorations come with foam in a vase or pot to hold […]