How We Simplified Our Budgeting Process To Pay Off Debt : Our August 2018 Budget Update

YOUR BUDGETING JOURNEY MAY SEEM LIKE AN ENDLESS FIELD OF HARD WORK AND IT WILL BE   Without a budgeting process it’s easy to see how fast your debt free dream can crumble simply because you haven’t prepared your steps for success. In less than 7 years we managed to pay off a $265,000 home (worth $650,000), top up our retirement investments, buy a brand new $85,000 truck with cash (we got a deal of course), invest in our son’s RESP and sock away a nice savings. All of the above sounds wonderful when you read it BUT that is years of hard work, struggle, rejection, discrimination, sleepless nights, worry, anxiety, depression, tears and NOT giving UP. Yes, like most people we have been through it all which helps me to connect with my readers who are currently or have been in the same position. I didn’t fall into a 6 figure job, I fought for it and Mrs. CBB fights for her health without an income. The tables took a quick turn in our marriage and with only one working income it has been no walk in the park on a sunny day. No amount of money can give […]

How To Overcome The Emotional Effects Of Debt Guilt : June 2018 Budget Update

DON’T LET THE EMBARRASSMENT OF DEBT KEEP YOU FROM REALIZING YOUR FINANCIAL DREAMS   There are consequences of owning debt and for 30 year-old Margaret who is feeling the emotional effects of debt guilt there are things she can do to get over this hurdle. Margaret isn’t the first person to email me about debt guilt and even myself at times felt guilty for owing money and had to pay it back as fast as possible. I remember the time my mom and dad gave me $5000 just before I moved to Canada. My house hadn’t sold yet and my money was tied up in my house equity and I needed to pay for Canadian Immigration documents, applications for permanent residence, medical assessments, flights to Canada, shipment containers and so on. The money my parents gave me was helpful and the first time I’ve ever borrowed cash from them in my life. They knew I’d pay them back as did I but boy oh boy did I feel stressed that I had to ask them for money. I’ve since overcome that guilt because I’ve learned that our bodies all react differently to certain situations. Since I was the kid who […]

Stress Does Not Discriminate Based On Financial Status

 NOT EVERYTHING IS AS IT SEEMS BEHIND THOSE EYES   I’ve heard that not enough stress in your life means you’re not trying hard enough and too much stress can tear you down faster than you can peel a banana. It’s true, I’ve lived it, I still live it and so does my wife. If you told me you’ve never experienced stress I’d say B.S. because everyone has at one point or another. How it affects you may differ but you’ve certainly felt it. Can you recall a time where you wished you were a little kid again with no stress and playing was the highlight of your day? You’re not alone. I’m sure we all have. I’ve been blogging about money for 6 years now and not once have I battled the dark side of finance and mental health and that is stress management. Today, I’m opening up about our struggles with stress because we want to tell you that nothing is always what it seems. So many people think our life must be all flowers and freedom because we have no debt. Sadly, it’s never that easy and money sure as hell doesn’t make things better. The world […]

Property Theft And How To Stay Protected

FOR THOSE LOOKING TO MAKE FAST MONEY ILLEGALLY STOLEN PROPERTY GETS THE JOB DONE BUT IT DOESN’T END THERE.   I’m certain that I’m not the only one who has noticed an influx of property theft, personal theft, employment theft, bank robberies, retail theft and pharmacy break-in’s the past year. For those people who turn to theft they have to be at the bottom of the barrel to want to get their butt slammed in jail or even worse, killed. Related: Property Crimes Common in Western Canada A 2007 report by Statistics Canada suggested that property crimes are far more likely to occur in cities and towns than they are in rural communities. However, farms can be easy targets, especially when the owners are not present. That’s the simple truth. The hard truth is why is this happening and what are we doing as a community or government to help control the situation. Mental illness has long been shoved under the carpet but has now been the spotlight of many incidents across Canada that involve violence, theft, robberies and even death. Depression and addictions along with other illnesses can take hold of anyone.   What is property theft?   From […]

Poverty Stories: Growing Up Poor Made Me Rich But Not Happy

SOMETIMES WE KEEP LOCKED UP THINGS THAT HURT US THE MOST.   Fan Submission to Poverty Stories My parents married when they were 17 years old back in the early 70’s and lived in a town just outside of Toronto. Shortly after I was born into what was a loving family environment that did what normal families do. This was the happiest and scariest moments for my parents because financially they were just getting started. Luckily both of their parents lived in the same city and they were able to get help from them with babysitting and anything else they needed. Both my parents are the youngest of many siblings who watched their brothers and sisters grow up to become successful in their careers.   Walk down the aisle   Back in the early 60’s and 70’s it wasn’t uncommon to get married before the age of 20 years old so naturally having a baby was the next step. My mother was an accomplished musician among her peers and my father followed his passion as a plumber in the trades. By the time they were in their mid-twenties they were both working steady jobs and life was getting busy. My […]

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