grocery game monthly challenge

The Grocery Game Challenge Dec 31-Jan 6 #1~Happy New Year 2013

Happy New Year’s to all my fans here at Canadian Budget Binder. The Grocery Game Challenge has been amazing this past year and I know 2013 will be even better. We have had fans from Canada and the USA post their grocery shops weekly and we are growing each month with more people who want to stick to their grocery budget. If you are looking for ways on how to save money post your shop in the grocery game each week. I often have people email me to ask me “How much should my grocery budget be?” but the question should be “How much can I afford?” to spend in the budget.  I can’t tell you the amount of people who are looking for magic numbers telling them what they need to spend on groceries every month. I’ll tell you all loud and clear you are the one holding the answer to your question. No one on the internet can tell you what to spend. Once you figure out your monthly budget using your net income the numbers should fall into place. Balancing the budget is the only way you will know how much to spend and besides there may be […]

Back to School Student Budget For College or University

back to school

GRADUATE DEBT FREE   Do you need a back to school budget? I always say yes but it’s up you what you want to do with your life. I don’t think schools offer debt management degrees so either you buckle down or risk more debt than you can handle after school. A school budget is essential for most students I’ve talked to but the hard part is getting started and I’m going to show you how today.   Back to school Budget   I get so many emails from students wanting to know how they can budget their money when they go to school. You may graduate with student loans BUT you don’t need to graduate with tonnes of consumer debt. Budgeting doesn’t need to be stressful as it is fairly simple.Sometimes we put too much emphasis on not being able to spend money when we can IF we spend it wisely and budget our money. Now is the time to prepare your finances if you are University or College bound. Some people make a budget look harder than it actually is but for some just starting a budget is the most terrifying part of the process. A budget can […]

February 2012 Canadian Budget Binder Budget Update

$ How much did you spend this month? Well here we are again folks at the end of another challenging month for us. We have worked hard at making changes to our budget as we had found some flaws in our 2011 budget. We also went ahead and simplified the budget so we are putting away money each month for purchases we KNOW will happen this year. That way the money is saved bit by bit monthly and no surprises when it comes time to pay it. We also don’t want to use our emergency savings for bills that are not an emergency. So here are our last figures for February 2012.  I thought we would be over budget after the 20x points event at SDM but we are on track. These darn events are amazing but can put a dent in our grocery budget. The good thing though is we only buy items we WILL need and WILL use so our future grocery bill will be less. You can’t deny that  Shoppers Optimum Points is the best loyalty program out there. One reader asked about our grocery budget and what it includes. My answer was all household cleaning products, pet […]

How We Designed Our Budget Step 3-Tracking Receipts

Perhaps it’s been a bit of work to get this far in the budgeting process but it will be worth it. In Step 1 we learned what a budget was and what information you needed to gather before moving on to Step 2. While Step 1 might have been a daunting task Step 2 in Designing the budget should have been a bit easier. You learned how to divide your Net earnings into a budget and spend less than you make. In Step 3 of designing the budget you will learn the importance of documentation.  Documenting everything you spend is crucial to succeed when budgeting. Tracking all your Receipts Keep track of what you spend. Why you ask? Read the following scenario; If you spend $5.00 on coffee in cash and fail to document it that’s $5.00 you have lost a trail to in the budget. You now have to figure out why you are short $5.00. I always make sure I ask for a receipt even at Tim Horton’s. Another loss leader in the budget is trying to hide spending from your spouse/partner ,simply “don’t do it”. What do we do with all these Receipts? Every time we receive a […]