How Financial Sacrifice Helped Us Become 40 and Debt Free : The Saturday Weekend Review #212

SORTING OUT OUR FINANCIAL AFFAIRS TAKES MORE THAN SIMPLE MATH   For the first time in her life Mrs. CBB bought a brand new cell phone but it took her 20 years to make the decision to do so. Financial sacrifice has been a huge part of both of our lives from the time we were young and even today now that we have our mortgage paid off, $200,000 in the bank and almost all of our investments topped up. It’s not much really considering we could have done better saving using a budget earlier on in our lives. But to someone else that’s a success they dream about. Let me tell you something, it wasn’t easy and it won’t be easy for you. We gave up lots to get ahead and not a day goes by where we regret anything we’ve done.   Unlimited Moves   The other day we made a phone to Rogers our provider for home phone, cable, internet and Mrs.CBB’s new Samsung Galaxy 7 (S7). The reason for the call was to ask about new Rogers promotions that might help us lower our monthly bill and talk about costs of a data plan for the […]

5 Vital Personal Budget Audit Questions To Consider

DEBT FREEDOM CAN HAPPEN AS LONG AS YOU PREPARE, EXECUTE AND EVALUATE.   A budget audit really is serious stuff not to be missed or forgotten. No excuses. If you don’t care about how your budget is working for you stop reading this post now and get on with your day. If debt freedom is on your to-do list then continue to learn how we audit our budget and the importance of continuing to do so even when you have no debt. Become a leader and do not simply focus on short-term results or you’ll miss important financial opportunities. Giving your budget the once-over is never enough especially if you are serious about saving money, paying bills and becoming debt free so you can continue to build wealth. This is your opportunity to be the big boss, the one in charge of something so important that it could make or break you financially. How do you think the rich get richer? Well, not all of them do but when you have money you can build your empire if you do it right. I can assure you the financially savvy rich folk don’t spend money frivolously unless they have so much […]

Spending less: Kids’ birthday parties on a budget

A Birthday That Won’t Break The Budget Spending less for a kids’ birthday party while still having fun is easier than most people think. You don’t have to spend like the “Party Mamas” (yes the Slice TV program) and have the event catered in with the entire circus, Justin Bieber and custom-made attire for your child to make memories that last a life-time. Budgeting for your kids’ birthday party is something you can easily plan into your monthly budget so you don’t have to dig into your emergency savings or put the birthday party on a credit card. We recently celebrated my daughters’ 3rd birthday this past weekend and to save money I planned a private party well in advance. We had friends and family over for the afternoon to enjoy a backyard barbecue and no birthday is complete without cake and ice-cream. I had planned some outdoor activities for the kids but unfortunately there was thunder and the threat of rain all day which put a hold on any outdoor fun. I still grilled burgers and hot dogs but we ate inside. The kids ended up playing on the new scooter my daughter received for a gift. They took turns going from […]

PF Weekly Reading List #15- Bieber Wants To Help Your Kids “Get Money”

Justin Bieber and financial literacy who would have thought that he would want to teach teens how to “get money”. I almost thought I was seeing things for a moment when reading the news this morning but turns out my coffee was indeed strong enough. I’m not a Belieber but I am a believer in spreading the word about financial literacy. Bieber has stepped up and is backing a real-time monitoring debit card for kids through a Spend Smart Payment company in an effort to spread financial literacy awareness to the teens of today. We’ve talked here at CBB about how the school system should teach kids to “get money” (in other words to understand) so they can live a life not riddled in consumer debt, and now this new type of debit card is in the spotlight. If parents struggle to talk to their kids about money this is the perfect way to bring the topic to the table but in a “cool-kid” type of way. I’ve said it more than once on this blog that “convenience costs” and that’s pretty much what this service will be, a money lesson with a convenience price tag. The card which apparently has […]