Why you should think about your 2015 budget plan now: November 2014 Budget Update

DON’T JUST PARK YOUR VEHICLE…   The end of 2014 is staring us in the face and now is the time to start thinking about putting together your 2015 budget plan. The worst thing you can do is leave budgeting until the last-minute if your plan is to track your expenses over the entire year. Sure the ideal time to put a budget plan into action is the beginning of the year but starting a budget any time is better than no budget at all. Why is planning important? The first thing you need to ask yourself is why you are planning? Do you have a mission in mind? If yes then you need a plan. If using a budget is your mission then you need a plan. Planning is part of a strategic planning cycle that starts with a mission then goals, desired outcome, strategies, measures/target and finally results. That’s how we measure success and in our home the budget is critical to managing our financial success even more so now that we have a son. As we were going over the November budget we talked about how not having a mortgage has affected our budget. It really does […]

Why hiring help seemed smart even for our budget

ASKING FOR HELP IS NEVER A BAD THING   I know you are thinking that it can’t be possible that Mr.CBB would shell out money to hire help around the house but it’s true. Would you have spent the money we have to get jobs done or do you think we are crazy? Read on….. Not everyone has family around who they can lean on for help when it’s needed nor do you want to bug your neighbours for help in the summer. Sure I help my neighbours do the odd jobs but I would never ask them to help me with jobs that are easy enough for me to do on my own. Maybe that’s just me. I’m the first one to cringe but don’t complain out loud when our neighbours let their house fall apart because they fail to put any money into maintaining the home. Maybe communication would work better because you never know what someone is undergoing in their life and they could use some help. That’s also being a caring neighbour although some might view that as being nosey. You never win! I think just about every neighbourhood has one of every type of neighbour […]

What do you want money for?

We Want Money Only To Part With It How many times do you just go shopping and buy something because you say, oh I need that or I want that? Trust me, it happens to us but not as often as it used to. Its’ no secret that before we started to budget as a couple, spending was a free for all even though we spent less than we earned and made sure we had no debts. Money and marriage changed our lives but we put the plan in motion after getting marriage advice about marriage problems and money. There was never any thought put into what we want money for when we rented. Life was too easy for us at the time and that’s probably why so many people who leave home don’t understand why earning money is very important outside of living at their parent’s house. That is of course unless their parents taught them about money early and/or charged them rent. Now and then Before we bought our current home we were ready to sign the paperwork to purchase a business that would have changed our lives, even looking back today. Getting our finances and marriage off […]

How To Overcome Laziness And Save Money In 5 Steps

If you want to overcome laziness and save money then it’s up to you to make changes to your life. Overcoming laziness and procrastination are the hardest things for many people to do that don’t have clear goals in life. Even if they do they probably don’t like the path they are on if they are not willing to change or have some sort of enthusiasm about why they need to get something done. I’ve heard it all before when it comes to budgeting, how we don’t have time, it’s not worth our time, it makes no sense, but we need to find a way out of debt because we are drowning in it. Own up to your debts and make it right, do something about it. Not all people are lazy, some people are simply unable to do things on their own and those aren’t the people I’m talking about today. Many people with disabilities or seniors would love to do so much more but are simply unable to do so. Sometimes  age, illness and disability come at a premium because you have to hire others to help you get jobs done that you really want to do on […]

Becoming A Single Homeowner – Part 3 “Mortgage Options”

In our previous post Part 2 of this 3 part series- our potential Single Homeowner had their budget, credit, downpayment, and type of property all mapped out. But what about the mortgage itself? Understanding your mortgage options is the final and a critical step in order to increase your shot at owning your own home and not one to consider lightly. Related: Becoming A Single Homeowner – Part 1 “The Plan” Mortgage Options  With over 400 different mortgage products available to the Canadian consumer – it can be overwhelming to navigate this marketplace. I will cover off some of the major differences in the mortgage products here. Fixed vs. variable rate mortgage – when considering the potential savings of a variable rate mortgage we need to consider that this is tied to the Bank of Canada’s prime rate and the fact that this can change from time to time. Outside of this – on both fixed and variable rate mortgages – it is very important to ensure that we get the deepest discount to the interest rates available for the mortgage term on closing. One way to accomplish this is to wait until 30 days before the closing date of […]

%d bloggers like this: