What’s Stopping You From Managing Money? : Dec 2017 Year-End Budget Update

THERE’S NO WAITING GAME WHEN YOU WANT TO MANAGE YOUR FINANCES EFFECTIVELY   Whether you are in debt or not managing money must begin today if you want to feel good about your financial future. Personal finance management starts with a positive mindset where you believe your situation will get better and not waiting for opportunity to knock. Trust me, if I didn’t get my butt out there looking for a job when I moved to Canada or put myself back into school I’m not sure where I’d be today. I’d likely be working at a job I didn’t like but I would do it for the money. That’s the way the world goes but I certainly wouldn’t have ended my job search. Perhaps some of you reading this today may feel you are stuck in the same or a similar circumstance and although it may not be your ideal situation managing money must be a part of your routine.   To App or Not   These days there are apps for just about anything when you want to manage your money. There’s an app for your banking, budget, spending tracker, allowance tracker and so on. Personally, I think these […]

6 Eye-Opening Strategies To Help Transition You Into A Budget Master : Our December 2016 Budget Update

IF THERE’S ONE LIFE SKILL YOU WANT TO MASTER IT’S HOW TO MANAGE YOUR FINANCES.   Every January social media lights up with posts about debt, money, savings, retirement, divorce, marriage and spending habits. Magically I see an influx of traffic to the blog that is out of the ordinary with searches always leading to budgeting, debt reduction and how to make money fast. Mrs. CBB had her friend over this afternoon and while she was making a tea in the kitchen the budget discussion came up. My wife lifted up a large Ziploc bag filled with our monthly receipts and said that she was working on adding the last few into the budget spreadsheet. When Mrs. CBB dropped the bag her friend said that she just finished writing out her family budget the other day.  With a second baby on the way and price hikes hitting Canadians hard at the start of 2017 she wants to make sure that they can continue to afford living where they do. Keep in mind this is the first time they’ve used a budget before so writing it out is sometimes an easier way to transition into a budget master. Baby steps are […]

How To Handle The First Blank Page Of Your 2017 Budget: The Saturday Weekend Review #205

MANAGING YOUR MONEY AND PAYING OFF DEBT STARTS NOW!   Tonight is the night where New Years is celebrated and the next day is when financially savvy people like us turn to the first blank page of our 2017 Budget. This isn’t one of those blog posts that tells you how your financial world is going to crumble if you don’t use a budget. Not at all, rather it’s more of a reminder about just how important your money is and why taking care of it is the best option. First things first, breathe and understand how important of a step you are taking for your present and future days ahead. You are not alone at Canadian Budget Binder with lots of reader support and myself here to help guide you. One of your New Years resolutions may be to Budget and to work on your finances in 2017 which you’ve never done before. Whatever the case may be it’s important to not think that a budget is going to tie you down or get stressed about using one. It should be the opposite feeling of empowerment. Yes, you need a budget but it’s entirely up to you how you […]

11 Habits To Help You Budget Better In The New Year : Our November 2016 Family Budget Update

IT’S TIME TO RAMP UP YOUR BUDGET PLAN SO GRAB A PEN AND START TAKING NOTES.   If you want to budget better and stop stressing over your money issues accept that you must give up something to get something. With the new year approaching many of you might not be thinking about budgeting in 2017 but waiting until the bills start coming due is probably not a smart way to get a fresh start. Household expenses are expected to rise in 2017 and we’ve been warned in part about a few coming our way. With the average Canadian debt load up 3.6% or $22,081 (excluding mortgage) compared to last year it’s critical that we continue to budget better than ever. We will definitely see grocery expenses escalating up $420 per family, carbon tax introduction and other developments that will work their way into our budget. The great news is that budgeting has become a household name and not as frowned upon as it once was considered for people who couldn’t manager their money.  No, No a budget is for everyone even the rich who have proven it’s easy to lose it all when they should have been comfy for […]

Become Debt Free By Asking The Mirror These 3 Questions : The Saturday Weekend Review #192

FIRST YOU NEED TO STOP GOING INTO DEBT BEFORE YOU CAN GET OUT OF IT.   Now is the best time to become debt free and unleash yourself from the daily stress that accompanies owing money for stuff you’ve bought or already enjoyed. Debt is a dark place because you always feel attached to someone who can make or break you financially. Some people feel vulnerable because of money and having to take out loans or putting purchases on credit and they should be. We all are susceptible to the dark alley that accompanies debt if it’s not paid back to whom it may concern. As fast as it’s given everything we own can be taken away. That’s terrifying. Focusing on ways to work harder for ourselves so we don’t have to rely on credit or creating unnecessary debt is possible but without your support you’ll never succeed. Having a student loan or a mortgage is just as important as consumer debt however these are debts that most people have. We take these debts on in hopes of getting ahead financially with a solid career and having equity in real estate. If you want to become debt free and wipe […]

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