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 […]

Four Tips To Help Overcome Fear of the Budgeting Process : Our September 2016 Budget Report

  STOP ALLOWING FEAR TO GET IN THE WAY OF YOUR FINANCIAL PROGRESS   If you need help budgeting money do yourself a favour and don’t just “try” to understand how the budgeting process works without experiencing how it will and can affect your life. This is the problem with people who think budgeting is a joke and not needed, they place negative thoughts in their mind from the start instead of motivational action words like, “I will”. Not everyone needs a budget especially if money is not a concern for them. What I like to focus on here though is how much money they could be saving or putting towards other matters instead of spending without warning. So for example, if you spend $400 a month on groceries from a high-end grocer where you could get the exact products at a lower-priced grocery store why wouldn’t you do that? Take the extra cash you save and invest it, donate it or buy extra food to give to the food bank. My point is that we waste money like it’s water when we can conserve it and put it to good use. You don’t care? That’s fine too but don’t […]

Our budget plan is going up in smoke for 2014! : October 2014 Budget Update

INVESTING IN THE FUTURE   Budgets that work are great but remember that situations change month to month and so should your budget plan. We started the year knowing that our budget plan would change but now that our son has arrived we are starting to see just how much it must change. Not later, but now. I’ve read how some people create a budget plan and that’s their financial bible for the entire year. I’m not an investment reporter or a professional money manager nor do I invest on my own but what I do know is that putting what knowledge I do have financially to work for us WILL benefit us in the long run. Creating a budget and reviewing your budget plan is like getting a return on investment. If you just leave it and hope it works out for you then you might as well put all your money in a washing machine and hope it comes out intact. Likely it won’t happen. Little by little someone like that might find that they run out of money before the end of the month. Why? Situations change. If they don’t save receipts and document expenses rather they […]

March 2012 Canadian Budget Binder Budget Update

Hi there folks, I’m back with the March 2012 budget update for Canadian Budget Binder. You probably already know but we’ve just finished designing the Canadian Budget Binder Budget Spreadsheet and have tested it out this past month. We are continually trying to improve the sheet and so far we are very happy with the outcome. In the upcoming month we will look for a few volunteers to test it out and give us some feedback. Most of the excitement has come from the “projected expenses” the expenses we have decided to budget in each month and transfer to a separate account until they come due. Many of my fans agreed that when it comes time to pay one of these projected expenses they had to pull money from their savings or emergency savings to pay the bill as there was not enough money left in the budget.  Some even went as far as to put it on a credit card or use the line of credit as the money just wasn’t in the budget. It’s the small things we tend to overlook and I really don’t want to be dipping in our savings to pay for them. The Emergency Savings is […]