PF Weekly grab a brew #53: Free excel budget template takes off for 2014

BUDGET ON THE BRAIN?   Unlike New Years diet and exercise videos, budgeting your finances doesn’t have to be painful. Having only enjoyed two days of the New Year I have noticed a common influx from viewing site statistics. My Free Excel Budget Templates for creating your own budgets have been popular to say the least. There is no better time than right now to start your budget and for some eager viewers, they have wasted no time in showing that. The beginning of the year is the best time to start your new budget if you’re already familiar with them or to start your first budget from scratch.   A reason to budget   For some people January bills can be daunting especially after the holiday period. I’m sure there’s always some items you bought before Christmas in the grand hopes of using them and yet failed to utilise them. I’ve done it a few times, I just learned and moved on. That’s what budgeting is all about, learning where your money goes and then correcting the situation. Information is the best tool you have and only you have all the information to start your own budget spread sheet.   Being on a budget is good for […]

Money isn’t everything happiness is

You Can’t Expect Money To Buy It All Money isn’t everything happiness is and to some people having money in the bank means you must be rich or you have a good job. That is far from the truth but only those who can see past what others have then they too can focus on creating a life for themselves that makes sense to them. This week has been all about relationships and money and to be honest it’s a topic I enjoy because the struggles that many people go through when it comes to money and personal life need to be heard. There are things money can buy and things it can’t such as love, respect, happiness and likely a whole host of things that many people take for granted because money is involved. Is it better to be rich and miserable or poor and miserable? I guess only you can answer that question. How many times have we heard of famous actors and musicians committing suicide and they have all the money in the world? Money sure is powerful but is it powerful enough to take away the passion for life that is deep inside your heart? Money is […]

How we quit comparing financial numbers

Adjusting Your Financial Focus  Some people like knowing what their friend’s financial numbers are, other’s don’t. Comparing what you don’t have to what they do have could hurt you in the long run if you don’t view it from a positive angle. People will complain, moan and groan about what they have or don’t have and why they deserve more or how they worked hard but life crumbled on top of them. Sure everyone has a story and likely a story worth listening to but will anyone really care about what you didn’t do in order to be happy with your life? Note I said happy, not rich and famous. I’ve talked about it before how both my wife and I never did use a budget when we first got married.  We simply spent less than we earned and packed away money when we could after our everyday expenses were paid. That seemed like the common sense approach to personal finance and how people would amass their net worth. We knew that it didn’t matter how much money we earned it was how we were saving it that mattered. You can make $1000 a week but if you blow $950 […]

Canadian Students College or University Bound Prepare Your Finances NOW!

I remember when I was a young bloke and on my way to University the world was in the palm of my hands (so I thought).  I truly believe I had my head on straight back then and today given the way I continue to pay myself first. That doesn’t’ ring true for most of my school mates, at least what I witnessed even here in Canada. I went back to school for 5 years and learned that debt is debt no matter  what country you live in. Most of my mates who did work while attending University simply blew the money on pints of beer down at the pub and buying crap they didn’t need. I was a simple guy who just wanted an education and a good career. Before cutting the umbilical cord from me mum and dad to start what would be a journey of reality I set some clear goals for myself. I knew I didn’t want to come out of school with any debt. I was young when I started to learn about the value of money so this was a must. I worked on weekends and in the evening to save money for University. I […]

Kick the Smoking Habit, Save your Health and Budget- Ending Week 2

Forever is just the beginning to a Healthy New You! Baby Steps, baby steps, you can do it, the words of our support system. We have ended week 2 quitting smoking and thus far its been the best decision in our lives besides marrying each other. Aweeee… I know, I’m sweet that way! Have you ever considered quitting smoking? We had over the years but mostly my wife as I never thought I could do it. Most of the time the negative reasoning got the best of me and ended any further conversation on the subject. What thoughts were running through my head? I love smoking too much What will I do with my time What do you mean I smell, I don’t smell anything I don’t smoke much I can’t, I need it to relax after I eat, at work, in my truck Everyone I hang out with smokes, I can’t possibly quit What I was missing were 2 important facts; Smoking Kills! My father passed away while having Heart By-Pass Surgery Smoking costs a fortune at $30 a week you crunch the numbers. I know some couples that spend $150 a week…. OUCH! What side effects have we […]

Our Goals 2012 and a look back at 2011!

As we look back in 2011 we can see many areas we could have saved more money but that’s what budgeting is all about, learning. Keep in mind we don’t make huge incomes so the frugal lifestyle we lead is imperative to our savings whilst still enjoying life. I don’t predict the same extra income in 2012 so a tighter budget has been put in place. We are hoping to get a bathroom renovation completed and landscaping of our yard by the end of the year. Our main goals for 2012 although I’m sure this list will grow! Spend less on grocery $190 a month. Save more with a shop free week each month and playing our grocery game challenge. Collect enough Optimum Points at Shoppers Drugmart for 2 Redemptions. We accomplished 4 at top-level in 2011. Figure out what to do with our Savings Max out both TFSA (Tax Free Savings Account) Invest more in RRSP (Registered Retirement Savings Plan) Pay down Mortgage currently $157k, $164K was 265K when purchased in 2009. Current Market Value Aprox $339k. Accelerated Weekly 3.9% 5yr fixed 25 yr Amortization Build Emergency Savings by $ 8k Renovate Bathroom under 5k Educate myself on Investing, read more […]