When the sole provider of the house loses their job

BE ONE STEP AHEAD OF THE GAME   When you are the sole provider of the house and you lose your job you’re now faced with a bigger reality that I hope you are prepared for. I enjoy getting emails from my fans and just this weekend I received one that really was unique and it’s a situation many people fear. I’ve talked about strategies to survive unemployment, job loss and disability when it comes to work and covered everything from emotional well-being, budgeting to emergency savings. A Canadian Budget Binder fan sent me an email the other day telling me her husband who is the sole provider for the family lost his job. She was thankful that she was ahead with the bills and had some savings to get them by but she was not sure where to turn next. They are not Canadians rather live in the USA and so they both took on the only jobs they could find which are commission based. The reality is that no matter where you live this could happen to you. This could happen to a single person, or a single parent with only one income.   Losing your job   […]

How to avoid home buying mistakes the first time

HOME SWEET HOME COSTS MONEY   Buying a house to make a home for you and your family can be a stressful time for anyone, especially when it’s your first home. We no longer wanted to rent any more so looking for our first home was something that came fast and furious for us. With that comes the urgency to own a home and sometimes you overlook some of the obvious concerns. I certainly won’t be making some of these mistakes next time around. I can remember the endless trolling through MLS listings online and then booking an appointment with our real estate agent to go and view them. Some houses definitely viewed better through photos rather than real life, but it’s always something every house hunter has to endure. When buying a house everyone has a list of wants and needs and a general style that they are looking for. For us, a more modern house was an easier choice due to lower maintenance costs and less chance that there was going to be hidden problems. The trouble for any couple or family starts when they discover hidden issues with the house they thought was perfectly fine. Other life events can throw […]

How We Renovated Our First House For Under $25,000

We renovated our first house for under $25,000 can you believe that? Purchasing your first house is an exciting yet stressful time for anyone. Trying to decide between ‘turn-key’ or a ‘fix-er-up-er’ is often a decision people face. There are advantages to both, but for us, we knew we wanted something we could make into a home with a little good ‘ol fashion blood, sweat and tears. This was always going to be our first home. We bought knowing we would probably be here 5-10 years until we built up enough equity to afford our forever home. Finding a home we could put some sweat equity into, but not get so deep into renovations we were knocking down walls and moving bathrooms, proved to be more difficult than I thought it would be. We were looking for a nice house that needed a little TLC.  We eventually found a house and managed to snag it up for a steal of a price. The sellers were motivated to sell due to a job taking them out-of-town. Saving as much money as possible on the purchase was important because we had a long list of things we wanted to renovate all within a […]

Paid By Cash- The New Addition For Our Family Home!

Guest Post By: Cynthia Guptill for Canadian Budget Binder Hi My name is Cynthia Guptill and our story starts back in 2007. Join me on our life’s journey to find out how we Paid Cash for our Dream Renovation. My husband Randy and I met in Calgary, AB,  when we were out there working alongside everyone else during the economic job boom. After we married I got pregnant and we both decided that the cost of living was far too much to try to raise a family in the city. We had to make some decisions for our little soon to be family. At the time we were paying a whopping $1100 a month rent for a basement apartment that met our needs but was far too expensive. Soon after we found out about the pregnancy, my husbands great-aunt passed away. We later found out that she had left her lovely home to my husband in New Brunswick in her will.  The petite home is very nice and boasts one bedroom, which was fine for the two of us. The problem was we had one baby on the way (Connor, now 5) and another baby soon after (Sadie,now 3). So, there were four […]