Bust our budget: July 2013 Saving money

Over Half Way Through The Year Saving money this month was a bit easier since we refrained from going into too many shops. We had a bit of a quieter month in terms of our expenses especially since May and June were filled with landscaping materials and pet costs. It was nice to actually beat the budget in July in comparison to our overspend in June. We are over half way through the year now and so far things are looking good but I’m sure we will be making changes at some point, we always do. Even when an emergency arises and we spend the money we have saved in our projected expenses (PE) our overall net worth will take a hit, thus life. Personally, I don’t worry so much about that, all I worry about is that we are on the right track to meeting and beating our goals. Sometimes people get hung up on the numbers but for the most part we are critical to an extent and try to fix our overspend but we know there is only so much we can do. No budget will ever be perfect and that is why it is critical to […]

Bust our budget update: June 2013 #6 Bills and payments

When The Budget Numbers Make Sense This was another one of those months where we had bills and payments come due that were big expenses so our budget took a hit on the nose. It won’t look as if we have any money going to our savings account for June as we spent $228.64 more than we earned but that’s not the case. The good part was that most of the big expenses were projected expenses so there will be a savings recognized in our net worth update for June. As you know our dog had to have some extensive work done at the veterinarian this past month so you will see the pet category well over $500 for June not including the work he had done in May. This should be (fingers crossed) the last month for high pet expenses. On a good note, he’s doing very well so it makes the money that we spent and saved worth every penny. We also had our annual tax installment due this month which was a bit higher than the last for this installment coming in at $935 although the money was saved. Other than that our home maintenance is still high as […]

March 2013 CBB Budget Update #3- A Quiet Month With The Budget

Well, here we are at the end of March 2013 with another budget update which with confidence I can say is a bit better than our February Budget Update. Sometimes it’s a good thing to have a quiet month with the budget because it helps to put things into perspective. Sometimes budgeting and saving money doesn’t always happen depending on what your priorities are that month. As an example, last month we saved no money in our emergency savings, a big fat zero. We actually spent more than we earned in February which can be discouraging but also motivating to do better the next month.This month we didn’t have any big-ticket expenses like our water softener that cost us over $1000 in February. We didn’t have alot going on this month in terms of expenses but we did pre-pay the full 20% of our mortgage of over $32,000 for the 2013 year which I will get into in an upcoming blog post. I’m expecting next month to be costly for us with having another installment of city taxes to pay and our hydro./water bill will be coming due. Other than that with spring and then summer just around the corner I will […]

February 2013 Canadian Budget Binder Budget Update #2- Big Ticket Expenses Hurt!

February 2013 is a month we hope to forget but also learn from as our budget took a right hit coming out into the negative. As you already know we had our water softener go belly up and I had to replace that to the tune of over $1100. The good thing is I received Sears points and Canadian Tire MasterCard rewards points as well have 90 days to hope the unit goes on sale for less than $899.99. That way I can go in to Sears and get a product price adjustment. We also had Union Gas around to change our old meter to a new updated meter so I’m guessing we can expect higher bills from now on. Over time the older meters don’t read correctly, hence Union Gas wanting to change them. It was good while it lasted. We also had an increase in our telecommunications bill which I touch on later in the blog post. Let’s see, we had to pay city taxes, our electricity and water bill which comes every 2 months. I noticed a spike in our water bill and once I get the next bill I should be able to pinpoint why and I’ll blog […]

December 2012 Canadian Budget Binder Budget Update

What happened in December in the CBB House?  Christmas and New Years have come and gone and now the bills are going to come piling in. Like many others December is a busy month for our budget although we do somewhat prepare for these expenses. We did go over in some categories like clothing for example where Mrs.CBB needed a new winter jacket and pair of winter boots. Both of which we were able to score for %50 off and they are a great quality product. Sometimes it’s worth waiting for those great boxing day sales in Canada. You can actually take that expense of $247.97 and double it and $495.94 would have been what we would have spent if not for the sales. Our gas was up slightly this month, not over budget but we spent more because we had to travel for the holidays. We also paid a bit more on the mortgage this month to make it an even $154,000 that is left to pay. Yes we have had the cash to pay that in full since last month. I’ll be talking more about this in the next little while. If you live in Ontario you know that […]

Finances In The New Year + New Budget = Success Formula

Finances In The New Year: What’s your Success Formula? Today is officially the start of a New Year and for most that means the beginning of new goals but for us a new budget. For most debt and tackling personal finances will and should be their top priority when it comes to financial health in 2013. Nothing is getting cheaper and the average Canadian debt load is still at any all-time high. People are always emailing me asking “help me with my budget” and really it can be as easy or as difficult as you make it. We have been using our family budget for the past 2 years and this year will be no different. The budget has taken us both by storm and helped us develop a lifestyle mindset that we hope others will grasp. Looking over our budget this year we realized that we would not have been able to save enough money to help us pay off our mortgage or accomplish some of the short-term goals without it. What we did not do is accumulate debt something that is so hard for many people to do. I know when we quit smoking at the beginning of 2012 most of our family […]