Stay at home new mom causing financial strain and marital upset

LIFE CHANGES WHEN THE STICK IS POSITIVE   So many people get divorced after having kids and now I know why, parenting is not easy but 110% worth the effort. I don’t think there is anything that could prepare you for becoming a parent, not even having lots of siblings. When we found out we were having a baby we knew that our lives were going to change, including our finances. My wife also knew that she was going to be a stay-at-home new mom and feared not knowing other moms to hang out with. Over the past year she has met plenty of other moms on social media, at the park and other community events. She says it’s getting easier but she does miss getting out whenever she is inside for a few days at a time with our son. These days we tend to do lots together as a family which helps our relationship to grow and our son build a bond with the two of us. Mrs.CBB is a people person so it’s important for her to get out of the house to keep her spirits up even though our son is the light of her life. […]

Making extra cash with a part-time job: May 2014 Net worth update (+1.15%)

LIFE CHOICES AREN’T ALWAYS SIMPLE   It’s been one of those months for me where I’ve worked non-stop and although I’m making extra cash it’s been a month of exploring options. The good thing about our net worth update this month is that we no longer have a mortgage which is a great feeling on its own. We are also faced with something that we’ve dreamed about for many years and that’s the freedom to do what we want with the extra cash that we have. My parents purchased homes with extra money they had and now those homes are fully paid and rented so a nice portion of the rental income funds their retirement and maintaining the homes. It’s nice to see that my parents are secure financially in their retirement years and are able to travel throughout the year to destinations we could only dream of. They earn more money retired than they did working, go figure that out although they still work part-time together while they are not vacationing although they don’t consider house-sitting as work. I guess it gives them something to do which is great for them. I’m not sure if we’ll be following in […]

Summer Jobs For Students: Tips For Finding The Perfect Job

By: Katrina Now that school is over, at least for College and University students, it’s time once again to find those perfect summer job opportunities.  For the majority of students, the summer means 4 solid months of money-making time that should not be wasted. So, what can you do to make the most of those months to save up tuition money and expenses for the following school year or to start paying down OSAP loans or other school debts? If you are University or College bound prepare your finances now rather than later because money can mount up fast when you don’t have a plan. It’s also a great way to plan ahead for your student budget before heading back to University or College if you know how much money you have earned over the summer months. Below are some tips that I’ve learned over the years which worked for me or others that I know to find summer season jobs to make money. Don’t be afraid to put yourself out there, after all most employers are looking for employees that are creative, go-getters and want to work hard for their organization. Seasonal Jobs Many landscaping, painting, and window washing companies as […]

How I Changed My Life- I Won The Debt, Divorce, Drugs and Drinking Jackpot!

I won the debt, divorce, drinking and drugs jackpot because I wanted to take back what I gave away, me. My name is Cindy and in 2008, I decided to change my life and today I’m going to share with you my most compelling years in hopes of motivating others who believe there is no way out. I went from a single mom of 2 boys with a drug and alcohol addiction with no job and $10,000 in debt to debt free in less than 5 years. How I Changed My Life It all started when I was in a toxic relationship while living in the Southern United States. I quickly became addicted to alcohol and prescription drugs and driven into a life that seemed like it had no end in sight. We had every earthly possession that two people could want and a thriving real estate business, but it was never enough. We were toxic for each other. I didn’t have the strength or self-esteem to break away. He told me over and over I would never make it on my own. I felt trapped yet I kept telling myself I need to change my life. I needed a quick escape of the life […]

PF Weekly Reading List #16- I Give Up……………

What? I give up… it’s probably one of the hardest things I would have to decide to do or anyone for that matter. A part of us shatters when we are forced to make the decision to give something up in order to get out of a financial mess that we created or for reasons beyond our control. When times are tough and it’s hard to make ends meet or we simply are drowning in debt we have to give something up. Sure we may NOT have to give something up and could keep juggling money from credit card to credit card or consolidating debt in order to ease the pain but is that enough? If you answered “that’s all we have left to do” the you need to find a way because you can’t live your life like that. It won’t last forever, the walls will crumble down on you eventually. For some credit cards and consolidating debt over and over seems like the right thing to do but for others its way out in left field. For those that would do just about anything to get out of debt they would rather ‘give up’ something than to incur more debt […]

Making Money on Parental Leave In Canada

  Can I make money while on Parental and Maternity leave? This is a frequent question my Canadian Budget Binder fans want to know. So, I went to Mom Expert Sarah Deveau, Author of Money Smart Mom to share the inside scoop for our fellow Canadians wanting to learn about making some extra money while they are off work caring for their new bundle(s) of joy.   Parental Leave Earnings   Here’s what Sarah has to say…. If you’ve just had a baby and are living on the reduced income of employment insurance maternity or parental leave payments, you might be wondering how to bring in extra income. If you earn income while on the maternity leave portion of the benefit (the first 15 weeks), your earnings will be deducted dollar for dollar from your benefits. If you work while you’re receiving the parental leave benefit, after the first 15 weeks, in the past you’ve been allowed to earn $75 per week or 40% of your weekly benefits, whichever is higher. Any income earned above that amount will be deducted dollar for dollar from your benefits. However, due to the new Working While on Claim (WWC) pilot project, once you have served the waiting period, if your earnings are equal […]