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 […]

grocery game monthly challenge

10 Smart Ways To Trim Daily Expenses on Travel Food : The Grocery Game Challenge 2016 #3 Feb 15-21


TRAVELLING IS NOT AS CHEAP AS EVERYONE THINKS…BUT IT CAN BE!   One of the toughest parts about creating a travel budget is planning a food budget for your travelling experience. Whether you stay in a hotel, resort, or you hop in your vehicle for a road trip daily expenses of food must be accounted for or even estimated to keep a tight budget from exploding. Here are ways we’ve learned to save money on food while travelling that we want to share with you so you don’t make the same mistakes we made along the way. Not everyone uses a travel budget when going on vacation which means the grocery budget or entertainment category may be the next two logical places to carve a bit of money from. The reasoning behind using the grocery budget is because if you’re not home to buy groceries you spend that money on travel food. Makes sense to me if it’s a simple road trip but a destination holiday may prove a bit more costlier. Related: How much should my grocery budget be? Most travellers are so focused on planning the trip that they put food on the back-burner because it doesn’t seem […]

Buying my first property: Was I too young?

Minimum Pay For Maximum Workload I bought my first property at the age of twenty-one even though some of my friends thought I was too young and crazy. I loved to work hard and equally play hard afterwards. It would have been comparable if I were to buy my first condo here in Canada or flat for those of a British background. I wanted to buy vs rent because with my down-payment I knew that my mortgage would be less than rent. My parents already had a few homes on the go and were renting them out so the mortgage would pay for themselves. It was the best decision they ever made, investing in real estate. They are still enjoying the benefits today of those mortgage-free homes and rental income. Somehow I wanted in on the action early so off I went and I found my first home fresh out of University. How much do you need to buy a home? More than I bargained for and many people suffer because they fail to plan. I was almost one of those people. Living pay to pay Contrary to popular belief, I know what waiting for the next chunk of hard-earned money […]

Bank Sales In Canada ….. Not The Same As Bank Foreclosures In The U.S.A

Since the economy took a turn for the worst, I have been inundated with requests for “bank sale” properties. A common misconception seems to exist where people assume that banks are basically giving away properties that are being foreclosed on, much like we see with the fire sale of properties in the U.S. So, what is a “Bank Sale”? Basically when someone cannot meet their obligation to the bank/lender, the institution that they have financed their home through will begin a process to take the home away from the owner. This can be a fairly lengthy process and in some cases will ultimately end up with the bank or lender selling the home to try and recoup their losses. While it is always possible to find a good deal in today’s housing market, it isn’t common for it to be a bank owned property. The rules and regulations that govern the Canadian banking system are far more stringent than the U.S equivalents (I use that term loosely, as they barely had any rules or regulations). Obviously if someone defaults on their home financing (mortgage, line of credit) the bank would like to get that bad debt off of their books. […]