CBB Net Worth Update~November 2012

Money Bags

I can’t believe November has come and gone so quickly, now it’s time to get into the festive mode and thinking about our yearly goals for 2013. By posting our CBB Family Net Worth and Budget Update once a month here is a means to motivate ourselves to continue down our financial path. We are a Canadian couple who make an average salary and want to know where we stand each month. We want others to know that you don’t have to make 6 figures to have a Net Worth. There’s no race to the finish line because no one really knows where that line is. You could die tomorrow or you may live until you are 110 years old.

What does Individual Net Worth mean?

Net Worth is a snap shot of your financial health sort of like a picture. It’s a total of the value of your assets minus your liabilities. Posting our financial numbers is about showing others how budgeting has worked for us.

Who’s the Man behind Canadian Budget Binder?

My name is Mr. CBB and I’m the frugal guy that does all the talking around here. Yes, some women think Frugal Men are Sexy and I’m here to show you how to spot one! Well not really but I’m sure you will have a good idea just by reading posts I’ve written around this blog.

There is also a Mrs. Canadian Budget Binder but she does not currently blog here. Together we are Canadian Budget Binder. We started our Canadian Budgeting Journey to lead us towards a happier financial future. No one handed us money on a silver platter and we earned every penny whilst returning to school twice along the way. Toss in a huge move from the UK to Canada and you can see life has had it’s ups and downs for us financially. There are financial implications when you move across the world something I wasn’t prepared for.

I enjoy learning from others who enjoy finance and taking care of their future before the future takes care of them. No one will have the magical answers for your financial situation, you need to figure out what’s right for you. I can’t tell you what’s right or wrong, all I can do is tell you what worked for us. After all I’m not a finance professional and you should consult with one when dealing with your own money, just like we do.

I blog at Canadian Budget Binder to encourage, motivate and help others who think that budgeting is a waste of time and can’t help them out of debt. I also like to connect with people who believe a budget is what they need to get back on track and are positive about getting back on track.

If you aren’t serious or don’t understand the reality that budgeting is important than don’t waste your time. It doesn’t matter if you owe money, you need to see the numbers every month. Don’t make budgeting seem as if it’s only for people who are not in debt, because that’s the wrong way to perceive it.

How To Determine Net Worth?

Realize that no one can snap their fingers and make your debt disappear.  Figuring your Net Worth is not hard it’s just a step in the financial process that comes together as long as you have all of your numbers ready. When budgeting anything is possible, we are proof of that although we still have a long way to go in our journey.

These are our numbers and our goals, not a means of comparison towards your own goals. We don’t care how much money others make or if their net worth is more as it’s not a competition, it’s about hope. It’s about hope that we can follow a financial path in life that is not so stressful no matter if you have thousands or millions in the bank. I hope what I post for you, the fans, about our experiences perhaps will help guide you along that financial path towards debt freedom. Sometimes seeing our own numbers is what it takes to kick it into high gear like it did for us. I encourage you to learn what your own numbers are and make them work for you.

Money is Money, Debt is Debt, A Budget is SMART-Mr. CBB

Canadian Budget Binders Financial Health

I received a question last month about our Emergency Savings Account. In the past I have mentioned why it is so high but want to go over that again for those wondering. The money in our Emergency Savings account is the money we will use to pay off our mortgage in full in early 2013.  So there, now you know.

Let’s see how we did in November!

November Net Worth Update 2012(1)

Note : Double Click Photo to see it full size as I can’t make it any bigger for some reason.

In October when I did our Net Worth Update I did it a few days into the month and I made an error, sorta. What happened was I used the figures a week into November to calculate our net worth which made October artificially high and November artificially low including the mortgage. Silly mistake but we’re all human and mistakes happen. Although I try to get this done by the end of the month sometimes I have to push it back. I accidentally took the wrong numbers which I caught this month.

Remedy: So this doesn’t happen again if the post will be late I will pull the numbers at the end of the month so when I do write the post the numbers are  accurate. This will be a goal for next year although this was the first time I made this error. I also lost money on my pay this month when I took a week’s vacation as they used my wage from last year which was half of my wage this year. Starting in January 2013 this post will change as we will be paying off the mortgage and investing more of our money.  I may go to percentages instead of dollar increase/decrease unless you want to still see the $$ figures. It’s only up from here on in!

Do you know how to calculate your own Net Worth? Why not go ahead and calculate your own using our Free Tool Net worth Calculator (Canadian Budget Binder 2012)

It's Not About How Much Money You Make It's How You Spend It

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Photo credit: Money Bags- Copyright (c) <a href=’http://www.123rf.com’>123RF Stock Photos</a>

The Grocery Game Challenge Dec 3- Dec 9, 2012 Festive Preparation

Barilla Pasta Sale $1.00- $0.50 coupon

Barilla Pasta Sale $1.00- $0.50 coupon

It’s a few weeks before Christmas now and the festive preparation has begun starting with our Holiday Snowballs and tonight Peanut Butter Balls. This is the first post for the December Grocery Game Challenge and I welcome all new fans that are joining in from wherever you are in the world! As I mentioned in my November Budget Update yesterday next year we will be making changes to our Christmas Budget.  Just when we thought we had it sorted out we were thrown another curve ball yesterday. This is where we feel the pressures of the holiday season but should be ready. One of our family members came up with the idea to have a “gag gift” for everyone to open on Christmas Eve. She says the amount to spend is $10 which is fine but we did not budget for this expense. Although it is only $20 total for the both of us it’s more money we need to factor in for next year, just in case. The Christmas season is so unpredictable that we will really take a look at our Christmas Budget to make it as realistic as we can. Any left over money can go towards boxing day sales or into our savings. It’s better to be safe than having to put it on credit if you don’t have to. 

Today I am putting up the Christmas Decorations and I can’t wait to tell you all about it… shhh.. that means a Christmas Blog Post is coming up soon!

So, since we went WAY over budget in November it didn’t leave us much to spend for December.  We have a total of $190 per month to spend and in November we spent a whopping $295.77 mainly due to stockpiling products that were on sale.  I’ll touch more on this topic in the new year and what we will do about our stockpiling budget. I know it sounds like alot of budgeting and it is but it’s worth it. In December we are now left with $84.23 to spend. Here’s to hoping we can pull this off!!!

Do you find you spend more money in your grocery budget in November and December?

Grocery Game Challenge Results

If you missed a couple of great posts that I put on Facebook yesterday about saving money on groceries, check them out below. My friends Kim from Eyes on the Dollar who plays the grocery game challenge and Catherine at Plunged in Debt (who doesn’t but I think we should all motivate here so head to her blog and corner her, lol) posted ways to save on groceries and mentioned our Grocery Game Challenge.  While you are there enter the $100 Give-away!

OK, down to the nitty-gritty!!!

Total to Spend $84.23 for the entire month, oh my!

Shoppers Drug Mart

  • 2x Egg Nog Sale $1.99
  • 4x Neilson Cream Sale $1.99

Total Out of Pocket $11.94

Food Basics

  • 8x Barilla Pasta Sale $1.00- .50 coupons
  • 3x white mushrooms Sale $1.00
  • 1x bag of carrots 3lbs Sale $1.50
  • 1x 5lb Russet Potatoes Sale $1.50

Total Out of Pocket $10.00

Wal-mart

  • 2x Christie Crackers (Christmas) Sale $1.67- $2.00 coupon wub2
  • 6x White Granulated Sugar Bags Sale $1.76
  • 1 bag of Onions- Sale $1.47
  • 5 limes $1.66 or $0.33 each
  • Lettuce Sale $1.00
  • 2x Dempsters Farmhouse Bread $FREE with coupon

Total Out Of Pocket- $16.42

Weekly Grocery Game Challenge Results for Mr. and Mrs. CBB

  • Total Grocery Budget for the Week: $84.23 (For the month of Dec)
  • Total Coupons Used this Week:$8.54
  • Total Scanning Code of Practice: $0
  • Total Spent This Week:$38.36
  • Total Spent So Far for December: $38.36
  • Total Over/Under spend this shop: $N/A this month
  • Total Over/Under spend for the month of December: $N/A this month
  • Total Left to Spend for the Month: $45.87
  • Total Coupons Used This Month : $8.54

Overall: I think we may be pushing our limit this month but with all the food in this house there is no reason we can’t do this. The hard part is if a bloody good deal comes up that we have coupons for.

December Canadian Coupons 2012

December Canadian Coupons 2012

Canadian Coupons we Found while out and about yesterday Dec 3,2012 at Food Basics, Metro and from the Ingredients Magazine that comes in the mail! Click HERE to sign up for your free magazine subscription. It’s an EXCELLENT magazine for recipes and coupons!

Free ingredients mag

Photo Credit: Ingredients Magazine

Our November Grocery Game Challenge Winner is………….. #43 ADELINE!!! Congratulations….

It's Not About How Much Money You Make It's How You Spend It

FAQ’s- Grocery Game Challenge RULES…..

  • Do I have to be Canadian to post my Grocery Shop?

No, you don’t have to be Canadian to post your shops only to win a monthly prize. We have a few posters from around the world.

  • When does the Grocery Game Close each month?

The Grocery Game Challenge Closes at Midnight of the last Sunday of the last post for the month. You can post your shops all month-long.

  • Does Your Grocery Budget Include Health and Beauty and Laundry?

Yes our Grocery Budget includes such items as shampoo, conditioner, laundry soap, fabric softener, dish soap etc. We don’t mind stockpiling items that won’t be effected by expiry dates or have long expiry dates but not so much food any more. It’s just one way to help cut your budget to save money.

There are many places you can find Canadian Coupons whether it be in store or via the mail.

Canadian Coupon Match-Ups- Match your coupons with flyer sales!

Here are your latest Coupon Match-ups  of the week from around Canada compliments of Save Big Live Better.

Are you NEW to Canadian Budget Binder?

Would You Like To Guest Post for Canadian Budget Binder?

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The Grocery Game Challenge Nov 26-Dec 2,2012 Let it Snow!

snow

This is the last week for the Grocery Game Challenge for the month of November. As we ramp up for the next few weeks of snow, shopping, wrapping and parties we will try our best to stick to the budget. We thought it would be one of those month’s that we could make it through but we were wrong. There’s something about November and December and our grocery budget that it just sky rockets if we are not careful. We were doing well up until last week when we had just over $1.81 in the budget to spend but so many great deals popped up. We realized it can be hard to say no to these amazing deals that you know you can stockpile because you WILL use them. The harder part is knowing you have the money to pay for them. So, sadly we went over budget this month BUT the good news is we are away for a couple of weeks in December so we won’t need much. The hard part is IF great deals pop up which we are betting they will. This time of year the shops are in high competition mode and the deals just sort of jump out.

Mrs.CBB and I discussed our Grocery Budget this morning and came to some conclusions.

  1. We can’t afford to add pet food into our $190 budget every month
  2. We need money for bulk buying great items with or without coupons
  3. We will need to add more money in our grocery budget for 2013 to compensate for inflation
  4. We need to add more money to our Christmas fund for Christmas items

What we have done is moved the pet food purchases (including bird seed) to the pet category of our budget. I will change the numbers come December. Come January our grocery budget will jump around 2% and we will have a category for bulk buying. The bulk buying will be a projected expense so we don’t go ahead and think we have x amount to spend each month and spend it all. It’s only there for bulk buying or great deals using coupons. If not it gets saved and at the end of the year we will roll what’s left into our emergency savings account. We will also make changes to the Christmas Category come the new year. I’ll get more into all of this in my budget update for November and December.  I just wanted to let you know that we are analyzing our spending pattern based on our shops in the grocery game challenge so we are being realistic with our goals. This grocery game has really been one of the smartest things we have done for our budget this year.

Let it snow seems to be the theme around our house although I’m not the chief motivator praying to the environmental gods above. Mrs.CBB wants to see the white fluffy snow as I do too just not so much that I have to shovel every hour on the hour. So please be kind mother nature but make sure there is enough for all those that need it and desire it. I am hoping for a white Christmas as it’s something I often did not see growing up.

Do you enjoy a White Christmas?

Grocery Game Challenge Results

No Frills

  • 3 x Crispers Sale $1.00-$0.50 coupons (Christmas snacks for guests)
  • 3 x Taco Kits (the gift that keeps on giving so we can use the $4.00 beef coupons Sale $2.99 each. (dropped off at Metro to donate)
  • 30 x Alymer Accents Tomatoes $1.00 each – 15 x buy 2 save $1.00 Bulk Buy
  • 6 x Bertoli Extra Virgin Olive Oil- Sale $2.47-$1.00 coupons Bulk Buy
  • 10 x Asian Noodles Sale 2/$1.00
  • 1 x Crisco Shortening Sale $2.00-$1.00 coupon
  • 8 X Dempsters Whole Grains $1.99- 50% pink sticker
  • 3 x beef all free with taco kit $5.56-30%-coupon=FREE,$5.59-30%-coupon=FREE, $5.46-30%-coupon=Free
  • 1 x Pineapple Sale $1.00
  • 1 x Cabbage Sale $1.04
  • 3 lb Red onions Sale $1.77
  • 1 x Romaine Lettuce Sale $0.87
  • Gala Apples $1.97

Sub Total- $101.48

Total Coupons Used $42.86

Total Out of Pocket- $58.62

Food Basics

  • 4 x Indian Tea 72′s reduced $0.99 Bulk Buy
  • 4 x Nescafe Instant Coffee Sale $3.88 Bulk Buy
  • 2 x Broccoli Sale $0.88 ea
  • Fresh Ginger $0.72
  • 2 x packs of Cedar Black Olives Sale $2.99 ea Bulk Buy
  • 4 x extra old cheddar sale $3.88 ea Bulk Buy

Total Out of Pocket- $44.35

Shoppers Drug Mart

  • 2 x eggs Sale $1.99 each

Total Out of Pocket- $3.98

Total Grocery Budget for the Month for 2 Adults: Goal-$190.00 at $63.33 for 3 weeks of shopping with 1 No-Shop Week per month.

Weekly Grocery Game Challenge Results for Mr. and Mrs. CBB

  • Total Grocery Budget for the Week: $63.33
  • Total Coupons Used this Week:$42.86
  • Total Scanning Code of Practice: $0
  • Total Spent This Week:$106.95
  • Total Spent So Far for November: $99.21+75.13+$14.48+$106.95=$295.77
  • Total Over/Under spend this shop: $105.14
  • Total Over/Under spend for the month of November: $105.77
  • Total Left to Spend for the Month: $0
  • Total Coupons Used This Month : $45.33 + $10.00 Spending Card+$15.99+$17.50+$42.86=$131.68

Overall: With the overspend this month we will deduct it from Decembers grocery budget leaving us $84.23 to spend for December. We finally got rid of those taco kit coupons. We bought them in the summer for our guests so they could try tacos in Canada when they visited. This year has been an eye opener for us and I hope for you as well if you post your shop. If you want to share your grocery game story for the year send me an email.

It's Not About How Much Money You Make It's How You Spend It

FAQ’s

  • Do I have to be Canadian to post my Grocery Shop?

No, you don’t have to be Canadian to post your shops only to win a monthly prize. We have a few posters from around the world.

  • When does the Grocery Game Close each month?

The Grocery Game Challenge Closes at Midnight of the last Sunday of the last post for the month. You can post your shops all month-long.

  • Does Your Grocery Budget Include Health and Beauty and Laundry?

Yes our Grocery Budget includes such items as shampoo, conditioner, laundry soap, fabric softener, dish soap etc. We don’t mind stockpiling items that won’t be effected by expiry dates or have long expiry dates but not so much food any more. It’s just one way to help cut your budget to save money.

There are many places you can find Canadian Coupons whether it be in store or via the mail.

Canadian Coupon Match-Ups- Match your coupons with flyer sales!

Here are your latest Coupon Match-ups  of the week from around Canada compliments of Save Big Live Better.

Photo Credit: Copyright (c) <a href=’http://www.123rf.com’>123RF Stock Photos</a>

 

Mr.CBB’s Weekly Blog Post Picks Nov 16,2012

Mr.CBB's Weekly Blog Post Picks

This week has flown by and since I was on vacation for a few days I was able to get out and source out a new kitchen. This past week we made a trip to IKEA to pick out the kitchen we wanted as well as all the extras. We’ve went to all the big box stores and really you will get the same thing just for a higher price. In my house in England I installed an IKEA kitchen and loved it. I did all the work myself which was pretty easy to me and when it came time to sell the buyer fell in love with it. We’re looking forward to the renovations but not as much as we are looking forward to paying the mortgage off in full!

Have you renovated and put in a new kitchen? How much did you spend and what did you put in?

Santa Strawberries

In no particular order, sit back, go ahead grab a hot beverage some Stuffed Santa Strawberries then enjoy these good weekend reads.

Note: Next Week I will rename it the Mr.CBB’s Top 20 Blog Post Picks so I can control the length of this list. I know some of you might not care but for those that do thanks for your continued support! Mr.CBB

Recipes of the Week:

Twitter  Personal Finance #PF  and Other Peeps to Check Out!

This is a list of the Twitter Peeps That I Follow that Tweeted 2 times or more from Friday to Friday Canadian Budget Binder Blog Posts according to the Follow Friday Helper App.  If I miss you, blame the app and let me know please. Cheers!

Facebook Follow Friday

Here are a few awesome Facebook Pages to Check out! These page owners came around, chatted and shared my posts with their Facebook Fans! If I miss you.. let me know as I can’t always see the posts you share. So don’t be shy come say hi!

It's Not About How Much Money You Make It's How You Spend It

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