Would you take half your spouses bonus as a stay at home parent? : The Saturday Weekend Review #123

The Saturday Weekend Review logo

YOU WORK HARD FOR YOUR MONEY   Here’s a mock scenario. You’ve worked at your career for the past 8 years and every year you get a yearly work bonus of nearly $5000. When you go to work you work full-time and sometimes you work over-time which means you earn more money after the government takes their cut. While you’re off at work your wife stays home with your new baby for the next 12 months on maternity leave then you both decide she will stay home to care for the baby full-time and give up her career. She misses working because she enjoys challenging herself but loves to be a mother. Without a career and earning now she can’t go out and spend money on herself like she used to. No more purses, shoes, new wardrobes, manicure, new hairstyles etc. Now your wife wants half of your yearly bonus to spend on whatever she likes because she works just as hard as you do at home. Does this sound like your family?   Wife Bonus   I was reading this article today about this couple who splits the husbands yearly work bonus. They call it a “Wife Bonus” where […]

grocery game monthly challenge

How to budget groceries for visiting out-of-town guests: The Grocery Game Challenge #4 May 25-31, 2015

how to budget groceries for visiting out of town guests

FOOD FOR EVERYONE   As you may know Mrs. CBB and I have out-of-town guests staying with us for 3 weeks. My parents are visiting from the UK which means our lovely grocery budget of $235 a month may just take a beating. Setting up the guest room and bathroom was the easy part. We cleared out the closets, put fresh linens on the bed, dusted and cleaned both rooms so it was ready for our guests. When we created our grocery budget we never thought much to having guests staying over at our house or to factor that in. If you are having guests stay over for a few days it likely won’t impact your budget much at all but if it’s for weeks or even months you may want to consider how you can budget the extra expenses into your grocery budget. Eating out is convenient when you have guests staying at your house but if you are anything like us YOU will pay the bill not your guests. That can get pricey if you start to eat out often so we opted to buy good food and cook it at home. The great thing is that my […]

Parents ask son to save money after they were homeless and poor

ave money student on laptop

SAVING MONEY IS YOUR CHOICE   If you want to save money then don’t wait until things come crashing down and you need that money, do it now! Being homeless and poor is not something to take lightly because it happens all around us. For those who have survived and experienced this life many go on to motivate others how NOT to land themselves on the streets. Today’s fan question shares some deep secrets about the time his parents found themselves living on the streets with no savings and nowhere to go. It’s either the parents writing to me or their children because for one reason or another money is a big problem. It doesn’t matter whether you are a student or have a high-profile job if you don’t know where your money is going it’s your own fault when you don’t have anything at the end to show for it all. I’m not talking “stuff” either. I’m talking about cash and investments. If you earn money you should have some sort of system to save money and budget or in the least know your expenses and track them.   Life Choices   It seems from my experience with fan […]

Will signing a room rental agreement feel like moving home?

room rental bedroom

BEFORE RENTING A ROOM……   Signing a room rental agreement could feel like you are moving in with your parents but it could be worse, you could be moving in with Sheldon Cooper. Although renting a room is a great way to save money in the budget it also comes with pros and cons but it’s best to do your homework first before signing on the dotted line. Not all families or couples are the same so like the homeowner who may interview you to see if you are the right fit to move in you want to do the same. If you are someone who likes to live in clean, quiet environment then search out rooms for rent that fit that description. If you don’t mind kids and pets you can easily find a room for rent because lots of families are looking to supplement their income if they have a spare room in the house. Kids are costly after all. Today I have a fan question that came in that I was easily able to answer since I’ve been in his shoes before. I’m happy when the fans do their homework because not only are they saving themselves […]

Holiday gas price increase hits the wallet: PF Weekly grab a brew #68

Fudgy Pie

DON’T WAIT TO FILL UP   With every holiday in Canada we see a gas price increase at the pumps but that’s only the beginning of what to expect. Although the gas price increase seem to be a tradition here in Canada there are no real Easter traditions for myself but the Mrs. likes to spend time with the family around Good Friday and Easter. This year is no exception and we have enjoyed a couple of days away and will eat lots of fish for our Good Friday meal today.   Gas price increase   While we have been off from work we noticed a sharp gas price increase, in fact where we are it shot up 10 cents per litre overnight. I was quite lucky because we had just filled up the day before the gas price increase which is fine for now but what about continuing on? Apparently the gas price increase is supposed to be hitting the $1.47 per litre mark sometime soon and people will have no other choice than to pay it. The other option is to get rid of the vehicle and ride a bike, take the bus, walk or car pool. This increase combined with the new […]

Our mortgage amortization schedule is going in the bin: March 2014 Net Worth Update (+0.75%)

net-worth-preceeding-12-months

 NO SWIFFER NEEDED JUST A FIRE PIT   Yes, that’s right no more checking the amortization schedule on our mortgage to see how far we have come and costs involved with our mortgage. The time is very near where we start the fire and light up those mortgage papers to say good-bye and good riddance. Although the last few months of our budget have been filled with unexpected expenses we are still on target to say goodbye to our mortgage, for good. Next months Net Worth update should be titled, Mortgage free at last…. or something to that effect lol. It’s been a long 5 years in this house but it was worth the sacrifices of using the budget (which is free if you want to download it) to save the money for all the necessities we’ve needed so we can be mortgage free before 40 years of age. Although we’ve had the money for close to a year to pay the mortgage the exchange rate for the UK is at an all-time high since I moved to Canada back a few years ago now. I’m pulling the money I have over there while I can. The last thing I […]

Are you envious of others’ success in life?

Envious of success

STOP THE GREEN EYED MONSTER   Envious definition for me means that someone wishes they could have your success but they just need to find their own path to reach their goals.  The minute your friends Facebook status goes up and says they got a new job, a new car or are in a new relationship do you get upset that it’s not you? Do you question why nothing good ever happens to you? Are you feeling jealous of other people’s success? Don’t be but if you answered no I’d say you are telling a lie because every one of us a tiny bit of envy towards something. It’s how we handle that envy that matters the most. No one likes to feel as if they failed at life and that they have no other options but to accept what they have been given. I think that we can do anything we want with this one life we are given if we find a way to make our dreams come true. Sometimes all you need is a positive boost from a friend or someone who believes in you and before you know it you will land your dream job. Never […]

grocery game monthly challenge

Do full-price items make it into your grocery cart? : The Grocery Game Challenge #3 Mar 17-23, 2014

full price grocery shopping

YOU ACCEPT PRICES OR YOU DON’T   Grocery shopping for full-price items makes us cringe but the reality is in some cases you either accept the price or you don’t buy it. At the end of the day it’s either you can afford it or you can’t. If you can’t you don’t buy it and find a cheaper alternative or knock it on the head altogether, if you can. Should I or shouldn’t I? Sometimes when I see people staring at a product in their hand I wonder what they are thinking to themselves. Let’s face it we all talk to ourselves when we grocery shop, admit it. Is this good for me? What are the ingredients? How many calories? What does it cost? Or should I buy it or not? I often think questioning purchase price is the burning question in shoppers minds when they are holding products with a confused look on their faces. Who knows? Many times we convince ourselves that we will find it cheaper even if we have rumbled through the sale flyers for the week. We know that it might mean going from shop to shop looking for an item on sale. One product […]

grocery game monthly challenge

Do you blow your grocery budget if you rush? : The Grocery Game challenge #2 Mar 10-16, 2014

grocery game march rush shopping

LET THE GROCERY GAME BEGIN   I guess only you can answer whether you bust your budget on groceries if you are in a rush. I can tell you what our answer to this question is but I’m betting every grocery shopping situation would be different. The key here is not so much the time it’s whether you are prepared the minute you walk through the doors at the grocery store. Alternatively I like to earn cash back on groceries meaning I like to use coupons and other means to trim the grocery budget like just recently learning about Checkout 51. Another way we save is by using our PC Points because saving money is important to us especially when it comes to groceries and other items that we can easily reduce on our own. Free money is good! You may find cash flows in as fast as it flows out if you aren’t watching where you money is being spent. Can you agree?   The grocery rush   Just the other week I watched a mother come zooming in to Wal-Mart with her child who immediately wanted to play on the money operated toys they have in the front […]