How To Make Fast Money In Canada Using The 3 Z’s Of Finance : Our February 2017 Budget Update

WHEN YOUR BANK ACCOUNT NEEDS MONEY YOU NEED 3 SPEEDS OF EARNING POWER.   What would happen if your pay cheque was short $100 and you needed fast money to pay the bills? For many Canadians a small financial loss such as $100 is a huge hit to their monthly income. I know what it’s like to have an almost empty bank account in Canada. I’m the type of guy who likes to rely on myself so after Mrs. CBB and I got married I got down to business trying to figure out my earning potential. Starting from scratch in a new country is difficult just as it is for those who are already living here and have been for some time. It’s not about just who you know it’s also about the art of negotiating, communicating and networking. Living pay cheque to pay cheque is reality for many Canadians as prices soar in just about every budget category imaginable. Lately I’ve had some inquiries from readers who are either new to Canada, been here for some time or born here wanting to know how they can earn fast money. My first response would typically include me asking why they […]

What to Expect With Little to No Retirement Savings : Our June 2016 Budget Report

UNDERSTANDING HOW RETIREMENT WILL AFFECT YOU NOW IS BETTER THAN FINDING OUT LATER WHEN TIME IS NOT ON YOUR SIDE.   If you’re tired hearing about how much money you should have in your retirement savings to live comfortable in the golden years and want to hide because you’re not part of this elite group of savers- you’re not alone. Company pensions, in particular defined pension plans are becoming a perk of the past and Canadians are left will few options when it comes to retiring without living the rest of their years poking through a tight budget. I’d love to retire early but since the birth of our son we’ve seen our life goals change significantly where we were content living mortgage free in our house and living happily ever after. Now we are talking about buying a bigger house to have more room for our son to run around along with an in-ground pool. That means we’ll need to save even more money if we hope to pay cash for the next house or face added debt of a mortgage loan once again. Related: Retiring Early Should Never Be Expected I received an email from a reader who […]

Stop Blaming The Government For All Of Your Debt Problems

DEBT= Don’t Ever Buy Things On Credit   Debt for most Canadians is still a reality and likely will be for a long time unless something changes but not necessarily from a political aspect but a personal one. Is the Canadian government to blame for all of our debt problems or should we start taking responsibility for the way we are spending and saving money? The past few days I’ve spent what little free time I have in between working 7 days a week, family responsibility and blogging to catch up with what’s happening in the world of Canadian Finance. With the internet flooded with resent for the Wynne Liberal government who are under fire right now especially with the increase in hydro costs that are creating energy poverty for Canadians who simply can’t afford to pay these price hikes. Our hydro has more than doubled in the past year and our habits have not changed which means we continue to be conscious of utility usage. What’s even worse is there are plans in the works to phase out natural gas, homes will need an energy audit when put up for sale and renovations based on energy efficiency. This is […]

Does Your Property Listing Use Frosted Marketing Language?

BUYING A HOUSE IS MORE THAN JUST SWEET BUTTERED WORDS   How confident are you about every property listing you choose to visit that the house description will be 100% accurate? Probably not that confident and I don’t blame you. A property listing may be close to accurate but it may also be buttered up just a bit to motivate you to put an offer in on the house. Real Estate trends seem to be important big-ticket accessories for buyers and sellers but even then what is being sold should be what is depicted in the property listing. Have you really fallen prey to these marketing tactics in the real estate industry? Probably because they’ve been used for years because there’s no standards apart from, “Sell that house” as fast as you can. Does granite in a bathroom or kitchen turn on your buyers excitement? Make sure the granite counter-top that you may end up owning and paying big bucks for is the real deal! Buyers remorse is a sad place to be especially when you should be excited about your new home purchase. I read an excellent blog post that every real estate agent and private seller should read- […]

Young woman embarrassed of her low-income family : The Saturday Weekend Review #151

NOBODY KNOWS HOW MUCH MONEY YOU EARN UNLESS YOU TELL THEM     Not every low-income family struggles financially because views about wants and needs fall on different levels and some manage their money just the same. They may not have all the luxuries they desire but they are happy, the bills are paid and they keep debt to a minimum or have none at all. It’s always going to be an ongoing struggle but they manage with what they have. Shopping may be at second-hand shops and their budget may be tight every month but they are content. There are people who are opposite this and are resentful and unhappy about their life but do nothing about it or are unable to do anything to change the situation. When we were young we created a vision in our minds about how we wanted our lives to turn out. Not all of us will see that vision come to life. We live in a tough world but ultimately we are in charge of our happiness whether we have a fat bank account or not. When I moved to Canada I had no job which meant I was earning no income […]

Why you need to review automated bill payments: Our family budget April 2014

DOUBLE CHECK ALL OF YOUR BILLS   No matter what payment methods you choose to pay your bills with especially if it’s an automated bill payment you must review them. If we didn’t do just that with we would have paid around $594.96 extra per year for our auto insurance. I can think of many other areas of our finances where that money could be used. Whether you use a budget or a bill payment spreadsheet if you’re not careful you may be paying more for that automated bill payment like we just did. If it wasn’t for our budget and reading all of our bills and receipts we may not have caught the error. I know people who have any bill they possibly can set up so the bill payment is an automated bill payment directed that way mainly due to convenience. What is an automated bill payment? Well, it’s simple. It’s where you don’t have to do any of the work because the company that is billing you for a service they provided will debit your bank account for the amount of the bill. It’s that easy all you need to do is authorize that bill payment and […]

Top 5 things I love about Canada

Canada, A Place To Call Home   Since today is Canada Day I thought I would share my top 5 things I love about Canada and why I’m proud to be a permanent resident in Canada. I used to be a Canadian tourist and now I get to share my stories in hopes of inspiring those who want to visit Canada or move to Canada. Related: How I made my move to Canada from the UK Sometimes I still can’t believe that I am living in Canada a land that I never thought would pop onto my radar, but here I am. It’s been almost six years now since I landed in this beautiful country not knowing where my life was going to take me. What I knew at the time was that I had a beautiful wife who I was and still am deeply in love with to take me under her wing and show me the ropes.   Career and Education   Moving to a country where you don’t speak the same language is a challenge but moving to a country where you do speak the same language can be frustrating. Since moving here I really did have to […]