How We Simplified Our Budgeting Process To Pay Off Debt : Our August 2018 Budget Update

YOUR BUDGETING JOURNEY MAY SEEM LIKE AN ENDLESS FIELD OF HARD WORK AND IT WILL BE   Without a budgeting process it’s easy to see how fast your debt free dream can crumble simply because you haven’t prepared your steps for success. In less than 7 years we managed to pay off a $265,000 home (worth $650,000), top up our retirement investments, buy a brand new $85,000 truck with cash (we got a deal of course), invest in our son’s RESP and sock away a nice savings. All of the above sounds wonderful when you read it BUT that is years of hard work, struggle, rejection, discrimination, sleepless nights, worry, anxiety, depression, tears and NOT giving UP. Yes, like most people we have been through it all which helps me to connect with my readers who are currently or have been in the same position. I didn’t fall into a 6 figure job, I fought for it and Mrs. CBB fights for her health without an income. The tables took a quick turn in our marriage and with only one working income it has been no walk in the park on a sunny day. No amount of money can give […]

How To Live A Simple Life And Avoid Consumer Debt

YOU DON’T REALIZE THE POWER OF YOUR WORLD UNTIL YOU RELEASE THE CLUTTER AND INCREASE SAVINGS POWER   The other day Mrs. CBB and I were driving in the truck when all of a sudden she says to me, “I just want to live a simple life” which was surprising but given recent events in our lives, not really. After her father passed away it was constant trips to her parents house to sort out all of his stuff and boy did he have lots of stuff. It took us weeks of travel and hours of hard work just to get through what we did and we’re still not done. There wasn’t a time throughout the process that we didn’t complain about how much stuff there was and how we would never do this to our son. It was tough, we’ll admit it over and over again and I think it has taken its toll on us both. Over the last month we managed to take our entire 10-year-old living room set and binned it because it was that pleather material (fake leather) which was peeling and getting on our nerves. I had it in my mind to chop it […]

How To Sell Personal Possessions For Maximum Return

THE IMPACT OF WHAT YOU LEAVE BEHIND MAY COST YOU MORE THAN YOU’RE SAVING   If you own something free and clear then it belongs in the personal possessions pile of your life. Getting rid of clutter has been our biggest goal for 2018 especially since the passing of my father-in-law and now my mother-in-law who has been diagnosed with onset Alzheimer’s disease. Since then she has purged the entire home because she wants very little in it. She continually says, “I’m just one person” although when my father-in-law was alive it was only just the two of them and boy did they collect lots of things over the years. Honestly it looks like the house is for sale but it’s not. She’s just is sick of the clutter and wants it gone and in some ways, I don’t blame her. Our space should be important to us whether we have a large space or a small space and filing it up only takes away from our room to move freely, something we should value more than stuff.   The time to purge is every day   Out with the old and forget about anything new or used.  Stop bringing […]

Men, Women, and How They Think About Money

MONEY IS MONEY BUT ADD GENDER TO THE MIX AND THE MEANING BECOMES SOMETHING MUCH DIFFERENT.   Money is central to our existence and we all know it. We need, want it and got to have it. There’s nothing new to report here about any of that. It’s the basic reason we all get up every morning, battle the elements and the traffic, and hunker down at our jobs every day. Whether you are a Canadian or an American like me, there are differences between the genders. If you’re a man, you’re more likely to be coming home from work each day, unwinding and spending your time as you see fit. If you’re a woman, not so much. For as long as there have been people working outside the home, women have born most of the burdens of taking care of the home, kids, chores, and those kinds of things. When you look at the last 30 years of changes to our society, i.e. the big addition of women to the workforce, there may have been some changes in that old school approach…but not enough. Men still fundamentally think of women as the responsible party when it comes to family, […]

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