How We Let House Prices Influence Our Real Estate Budget: The Saturday Weekend Review #169

REAL ESTATE DECISION-MAKING CAN BE SCARY FOR ANY BUDGET   House prices can make or break you financially so it’s important to know your finances inside-out and make a decision to purchase a home based on affordability and sanity. Everyone knows that house prices have not burst as expected rather they have exploded and keep going up which means first-time buyers and graduates are struggling to slip into the housing market. Living in the Greater Toronto Area (GTA) I’ve seen some of the most expensive real estate in Ontario. Back in the UK house prices were and still are astronomical in comparison to what you can buy in Canada. I was never one to complain about house prices in Canada until I started earning a pay cheque and life in Ontario kicked in. When you are a tourist from out-of-town where the money is practically double and house prices are high it’s easy to get excited about the prospects of owning a gorgeous home with space. Although I didn’t struggle to sell my house in the UK when I moved to Canada the current owner is struggling and has been for years to sell because no one can afford the […]

Single Millionaire Paid The Price To Get Where He Is Today

WE ALL HAVE A STORY   People may criticize the way you live your life but they might not know the price you paid to get where you are today. Stories often go untold because people are shy to say what they had to endure to become the person they are. I don’t talk about my life growing up with my friends but if they want to talk to me about theirs I’m happy to listen. It’s quite amazing what you learn about people once they open up about their upbringing and past.   The price you pay   You might have heard or read about those rags to riches stories which for some people hit home because they too were faced with situations that were unique but they overcame them. You don’t have to be a superstar to be deemed successful today all you need to do is believe in yourself. Those that don’t put in the effort to achieve their goals are often the people who put down those who pushed the limits to achieve their own. Believing that everyone with cash has or had the easy life is absurd. Just like others some of these rich people […]

What pushes people over the edge financially?

FALLING ON HARD TIMES…   We all know someone who has struggled financially at some point in their lives and although it’s not easy to stay above the water how some people handle it is shocking. It seems like each time September rolls around the media is filled with articles about people who are getting into trouble with the law for reasons relating to money. Financially holidays such as Thanksgiving and Christmas can be a tough time for people who struggle with their money. Many struggle in silence. It’s no wonder talking about personal finance is taboo especially if people are ashamed of their debt load. This time of year it seems as if we hear more about thefts, robberies, fraud and scams leading into the Christmas holiday. Just the other day on Facebook my wife read a message on a group board from a mom advising other moms to make sure they lock their doors and take their gifts inside as someone had broken into her car and she lost everything. It only took me a few minutes online this morning to read another article about a couple who faked a pregnancy so they could steal products from an […]

How to lose your job with one dumb move: The Saturday weekend review #60

HANDS OFF MY CHOCOLATE   Most people don’t know what to do when they lose their job because it’s a stressful time when you get handed that pink slip. What happens though when you lose your job because of one dumb move that you made? I’ve heard of food cravings and obsessions with certain types of beverages such as our caffeine buddies coffee and pop and the occasional pick me up in a can but not like this one. Normally when I read Yahoo stories I’m either laughing, crying, or shaking my head at some of the dumb things people do. In this case I was both laughing and shaking my head. Typically most people take their problems at home to work. They carry the burden of whatever is bothering them everywhere they go and even the best people struggle to hide their emotions. Other people are straight out strange the way they decide to execute an idea like this guy I read about this morning. I’m not sure where his head was at but clearly going to his Human Resources department or management team was not on the top of his list. Most people don’t like to ask for […]

Is Budget Failure Your Own Fault?

An acquaintance of mine said to me once that “Budget failure is your own fault” when I asked why failure rates were so high amongst some people who try to use a budget then scrap the idea. I’m not so sure how much I agree with him but to a certain extent it’s not the budget that fails, it’s the operator of the budget and circumstances that surround it. It’s no surprise that some people have no problem spending more than they earn but they are first to challenge all the reasons why they can’t get a second job or earn extra income to pay down consumer debts. Then again anyone would agree that not much elbow grease is needed to spend money as opposed to earning it. When Cindy shared her story with us at CBB about how she changed her life after turning to credit cards because she couldn’t make ends meet she says, “it’s the one thing she wishes she had never done”. The greatest success for her was to budget and find a way to earn extra money working from home by making jewellery instead of giving up. Failure Is Scary Budget failure scares us a bit […]

What My Life Is Like With Terrible Credit

I am a person living with debt that I can’t pay and terrible credit. I am a single mother of a now 17-year-old son soon to be 18. Over the years there was never enough money and debt just seemed to keep piling up and I wasn’t sure what to do about it. I needed the car to get my son to daycare, then me to work. It  seemed every time I turned around there was a repair that needed to be made on it. My one credit card with the highest balance which is now in collections was typically used for repairs to my vehicle at the time. I was working full-time to pay some of the mechanic’s bills as well as to keep paying my everyday bills and putting food on the table which was hardly enough. That meant that the repair bills often ended up on the credit card. I eventually refrained from using that credit card because the balance was just too high but luckily had a low-interest rate of only 10%. What’s worse is the car had to be junked as it was no longer in a state of repair. I haven’t had a vehicle since that time […]

%d bloggers like this: