Should We Bother Renovating Before Selling Our Home?

EMOTIONALLY INVESTING IN YOUR HOME RENOVATIONS IF YOU PLAN TO MOVE WILL COST YOU MORE THAN YOU NEED TO SPEND.   Lately I’ve been quite impressed with the house prices in our area but at the same time know that if we sell the cost to renovate and buy weigh heavily on our minds. Not only that but the real estate market in Canada might be hot right now but if you have renovating to complete that might set you back with missed money opportunities. The top 3 questions next to time-frame that you need to answer before putting your house up for sale are; Should we renovate our home to get better return? How much will our renovation budget be? Do we want to upgrade or downsize buying a new house? On our street for 2017 we’ve had 5 houses up for sale all of which sold in and around a week or less.  That might sound impressive and it is because houses don’t last long living in the Greater Toronto Area (GTA). With no more than 100 houses on our street that’s a huge number of nosey neighbour radars going off. That’s us ^^^^, we admit it.   Who […]

PF Weekly grab a brew #37: How small is too small of a house?

Tiny House Sale Is Not Surprising Many of us all have our dream home purchased in our minds before we even set foot on the pavement to search for the home that has it all, or at least what we need. Depending on where you live your dream home might be a distant dream because the price tag on most homes in major cities in Canada are just too high for many to handle. Even in smaller communities we can see house prices are still higher but jobs are far and few for most who opt to commute just to bring in the money to live comfortably in a decent sized home. If you are out of school and have lots of OSAP and other debts to pay off it may be a long time before you even get into the real estate market. It’s tough enough trying to pay back any debt that most people carry let alone saving for a down payment on a home that will cost them an arm and a leg these days. Sometimes I wonder how we were able to get into the real estate market so fast living in the Greater Toronto Area […]

How I Paid Off My OSAP Loan Fast

A STUDENT LOAN IS A BIG DEAL   I never dreamed that I’d have such a large OSAP (Ontario Students Assistance Program) loan when I finished my education. Sure I would sign off twice a year to receive the money but when you are only accepting a couple of thousand at a time it is hard to picture the total amount of money that I had been given. If I only knew then what I know now than I may have made different choices when it came to my personal finances. I hope that all the parents and students who read my story can take away some valuable tips to use along their path towards financial freedom. My OSAP loan story   My name is Carla and I grew up in a second generation Italian home in a nice neighbourhood with my parents and two siblings in the Greater Toronto Area. As kids we never went without, our parents put us in many activities, sports, etc. We did not go on fancy trips but we still had a great lifestyle. My parents never involved us in finances nor explained budgets or bills, everything was always paid for and that was just what was expected. My parents saved for some […]

CBB Family Net Worth Update~October 2012

Posting our CBB Family Net Worth and Budget Update once a month here is a means to motivate ourselves to continue down our financial path. We are a Canadian couple who make an average salary and want to know where we stand each month. We want others to know that you don’t have to make 6 figures to have a Net Worth. There’s no race to the finish line because no one really knows where that line is. You could die tomorrow or you may live until you are 110 years old. What does Individual Net Worth mean? Net Worth is a snap shot of your financial health sort of like a picture. It’s a total of the value of your assets minus your liabilities. Posting our financial numbers is about showing others how budgeting has worked for us. Who’s the Man behind Canadian Budget Binder? My name is Mr. CBB and I’m the frugal guy that does all the talking around here. Yes, some women think Frugal Men are Sexy and I’m here to show you how to spot one! Well not really but I’m sure you will have a good idea just by reading posts I’ve written around this blog. There is also a Mrs. Canadian Budget Binder but she does not currently […]

grocery game monthly challenge

Welfare Food Challenge- $26 A Week for 1 In The Grocery Budget

If you are following Canadian Budget Binder on Facebook you may have read that I have joined the Welfare Food Challenge out of British Columbia beginning Oct 15-22, 2012. Although I live in the Greater Toronto Area my mate Steve Zussino at Grocery Alerts  who is also taking part in the challenge knew I ran the Grocery Game Challenge and encouraged me to join. In Ontario there are 2 programs Ontario Works which is temporary assistance to those in need and Ontario Disability Support Program (ODSP) for those with disabilities. Together these programs alone help over 850,000 Ontarian’s each year. What is the Welfare Food Challenge? This challenge was put in place to show the government in BC that of the $610 they give monthly to a welfare recipient $26 a week for food is not sufficient considering this does not include other necessities such as a hair cut or clothes. Although Mrs.CBB and I have only $190 a month in our grocery budget outside of this challenge that leaves us $47.50 per week for us to shop for 2. The difference with this challenge is you are starting from scratch meaning you have zero items on your pantry list and you […]

September 2012 Net Worth Update Canadian Budget Binder

If you are a new fan here at Canadian Budget Binder I post our household Net Worth and Budget Update once a month. This isn’t a page where you will find celebrities with the highest Net Worth, far from it. We are just a normal couple who make an average salary and want to know where we stand each month. What does Individual Net Worth mean? Net Worth is a snap shot of your financial health sort of like a picture. It’s a total of the value of your assets minus your liabilities. Posting our financial numbers is about showing others how budgeting has worked for us. It also helps us stick to our 2012 goals and budget. Who’s the Man behind Canadian Budget Binder? My name is Mr. CBB and I’m the frugal guy that does all the talking around here. Yes, some women think Frugal Men are Sexy and I’m here to show you how to spot one! Well not really but I’m sure you will have a good idea just by reading posts I’ve written around this blog. I enjoy communicating with my fans daily and learning from them as well as sharing our financial triumphs and failures. I’m easy-going with a sense of humour and like to keep the conversation fun!! If you don’t understand British slang, well get […]