The Saturday Weekend Review #50: Should rich kids get off easy in the legal system?



I don’t know what it’s like to be rich with money but I do know what it’s like to be rich in love having both my parents teaching me right from wrong.

Drinking and driving is a huge problem all over the world and sometimes we have to learn the hard way even if it means we lose our own lives from the silly decisions we make or end up behind bars for taking someone else’s life.

I was reading a Yahoo article about a rich kid (well he has rich parents) from Texas who was drinking and driving with blood levels 3 times the legal limit (yes 3 ) who killed 4 people and injured 9 who were on the side of the road helping another motorist. The defense for his case said it was due to ‘Affluenza’ and so the teenager was only given probation.

What is affluenza you are asking? Good question…..they say it’s the failure of his parents to set boundaries for him. So in other words they are not that great at parenting.

Affluenza, a portmanteau of affluence and influenza, is a term used by critics of consumerism. The book Affluenza: The All-Consuming Epidemic defines it as “a painful, contagious, socially transmitted condition of overload, debt, anxiety and waste resulting from the dogged pursuit of more”.

The rehab center where he will be going to is more like a spa for the rich at $1200 a day with sports, yoga and massage and the people are upset that the judge obviously agrees with the defense that since he’s gotten off in the past there was no reason for harsh punishment this time around.

He’s a teenager and the only lesson that he has been taught is that if he messes up his rich parents influence may get him out of anything he shouldn’t have been doing. Being wealthy seems to have gotten him his ticket to luxury whilst learning his lesson about why drinking and driving is bad and the lives he’s claimed because of it.

Sometimes children of rich parents go hog-wild while the parents are off busy doing what they do to get rich and forget about their family. This teenager was given whatever he wanted, did what he wanted and raised himself according to his psychologist. I’m not shocked one bit but another reason why work life balance is so important.

Money can make people greedy and they keep wanting more and more and sometimes life falls by the waist and it’s only when something goes wrong they try to pay it off to make it go away.

Remember the movie, Remember Me starring Robert Pattinson… another case of rich kids parents coming to the rescue but forgetting about love and lessons along the way until it’s too late. You only have to look at the rich kids of Instagram to see how out of control many of them are.

They say this is a better fit for the child because they will be able to watch him over the next 7 years and if he breaks his probation that he will be sentenced to 10 years in jail.

The parents wealth seems to be from the facts shielding him from the harsh punishment that should be a reality kick for this kid.

Sometimes people don’t learn unless they learn the hard way. I’m betting the kid is breathing a sigh of relief he practically got out of this one but will her learn, likely not.

Whether it’s the parents spoiling children or in this case allowing them pretty much a slap on the wrist only shows society how flawed the system truly is.

How would this case have turned out if he was from a poor family? I’m betting different because money talks and how far the money took this case no one will really know but what is obvious is that this child is getting off pretty easy for his actions.

I’m not a parent and I don’t envy parents because it’s a tough role but what I do know is that if we teach our children wrong from right and instill values in them they might be less likely to do things that land them behind bars.

I’m not saying that’s always the case but not teaching them anything may have even worse consequences for them. I also don’t know if this would have had the same ending if in a Canadian court of law but either way kids need to learn and sometimes it may be the tough way, rich or poor… we are all human.

Do you think having rich parents influenced the judges final decision?

How do you teach your children right from wrong?


Canadian Budget Binder this week


If you missed any of my posts from the week here is the list of posts you can catch up on reading!


CBB at home and the blog


This past week has been so busy for me with training and being back at school for it has found me studying again and doing more testing. When you work in a role with constant change it’s imperative that you are educated on the best technology around and that is my life I’m afraid but I love what I do.

This next week I am off and away again for a couple of days so I’ve been busy prepping the blog and finishing up loose ends here for Christmas. All we really have left to do is bake which really isn’t baking it’s just making our festive holiday balls that we make every year.  You can find all of my recipes in my recipe index that I will be making such as peanut butter balls, coconut balls and snow balls.

The snow has been coming down the past few days so shovelling has now been factored in to my time. It’s amazing how some people forget to factor in the winter warm up the car and shovel before you leave regime. Although we have a double garage and I park both vehicles inside I still have to get up earlier in the morning to shovel so those people using the path have ease of walking in less than optimal conditions.

I’m currently accepting a couple of guest posts from personal finance blogs only. If you think you’ve got what it takes to write a minimum 1000 word blog post shoot me an email and lets chat.


Fan deals and inspirations 


Submit your Brag or Inspiration

If you have a brag that you want me to share email me at canadianbudgetbinder (@) [yahoo] [.ca] or fill out my contact form by Friday each week to have your brag considered for the Saturday post.


The holiday season is upon us and as we know there are families all around us who struggle and food banks and other organizations are always looking for donations. Coupons have helped many people that we know to donate so much to these organizations who in turn help those in need.

It warms my heart when I see how people open up their wallets and their stockpiles to give to the less fortunate. I know that anyone who needs to use these services are touched by the generosity of those who give and want to help out.

This Christmas if you can give what you can to help someone or make someone smile take that opportunity, giving is an amazing feeling inside.

If you want to start using coupons or learn more about where to order Canadian coupons I have all the resources here for you at Canadian Budget Binder from some of the hottest coupon and savings websites in Canada.

Learning about saving money in your grocery budget using coupons, finding deals and learning about rewards points, scanning code of practice etc are all tools that you should know about.

You can read all you need to know in my grocery game challenge post every Tuesday where I share some of the hottest blog posts for savings in Canada.


Christmas donations


Every year at my work staff identify families in our own school that are “in need” to help out for Christmas. Each department usually takes a family or two to buy for and everyone tries to contribute.

Because I am a couponer I choose to donate items rather than money as it is better for my budget. I can donate hundreds of dollars worth of items for next to nothing. The products I donate go to whichever families need them the most.

I save items that I purchase through the year with coupons for free or nearly free, 50% pink sticker items, or free samples mailed to me in a large box to donate at the end of the year.

I also ask my dentist every year if he has anything to donate as they always seem to have samples for their patients.

This year he was able to contribute over 30 small tubes of Crest Pro Health, over 10 tubes of Pronamel for children, approx. 12 children’s and 15 adults toothbrushes.

Pictured is what I was able to donate for the 2013 year. Missing from the picture is two boxes of All Bran cereal.

I feel good being able to contribute to this every year as it helps a great number of people out and I can easily incorporate it into my budget.


Making a difference


Making a difference is a part of this post where I share a personal finance blog that I interact with daily and has made a difference in my life.

I have asked the blogger to introduce themselves, their blog and how they want to make a difference with their blog for the fans and for themselves.

Today, I bring you my good friends from 2 Copper Coins. If you would like to be featured please contact me today.


Hello, my name is Krista and my husband Jon and I started 2 Copper Coins, we are thrilled to be featured by Canadian Budget Binder.

We started our blog after realizing some of the challenges facing our peers in similar vocations. Jon and I hope to build careers in helping professions working for non-profit organizations.

We realized those headed for lives of service were falling victim to the fallacy that low income is synonymous with an inability to save, pay off debt, live comfortably and be generous.

Knowing this was not true we brainstormed ways we could share our belief that anyone can live simply and secure their financial future if they’re willing to put in a little effort. From this conversation 2 Copper Coins was born.

The title 2 Copper Coins comes from the biblical story in which a wealthy man puts his money into the offering coffer at the Synagogue and impresses those around him with his generosity.

A poor woman follows him with just two small copper coins, placing them in the same coffer. Christ points out to those snickering nearby that this woman made a greater sacrifice, for these two coins were all she had.

There are obvious connections to this story and our belief in generosity. We also feel it’s important to remain open about your finances with those around you as both a way to release the idea that your income reflects your value and as a way to invite your community into your financial journey.

What we hope to offer our readers is both the invitation and the support needed to be generous with our income. Whether we’re making ‘pennies’ or millions, we have a lot (financially and otherwise) to offer the greater community and we should never let uninformed financial decisions hinder that contribution.

If this sounds like a conversation you would like to join, please swing on over to 2 Copper Coins and share with us.

The more diverse our audience the richer the conversation becomes.



Blog post sharing


I really appreciate when other blog owners recognize my hard work at Canadian Budget Binder and share my posts with their fans or even mention my blog on their blog or website.

Here are the blogs that did just that this past week, so please head over and check them out. If I’m missing you it’s because I didn’t get a ping back so please send me an email and I’ll add you next Saturday.


What is a blog carnival?


Some fans have asked me just what is a blog carnival so a little explanation is due here for anyone reading for the first time or for my long-time fans. A blog carnival is where a blog or website hosts what we call a carnival of blog posts from around the web.

Most blog carnivals have a theme and certain rules for submitting which must be followed. If you are a blogger and would like to learn what blog carnival directories I submit to each week you can find the information in a previous Saturday Weekend Review post that I wrote.


Carnival Glory


A big thanks to these pages for accepting my blog posts and sharing them in the following carnivals………..



Every week I get thousands of people visit Canadian Budget Binder because they did a search online and found my blog. Here are a few of my favorite searches that may have even brought you here and you’re reading this, right now.

  • smarter, better looking, richer- bla bla bla
  • budget losers – haha.. so harsh
  • do you need to wait to put ornaments on a tree until after you put it up-  I’m probably still laughing at this one
  • you don’t need people- well i disagree but to each their own




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Photo credit: “Cash In Hand” by James Barker freedigitalphotos. net

The Saturday Weekend Review #43: Demanding kids and budget Halloween costume ideas



Not everyone has the creative flair when it comes to Halloween and spending less on candy and decorations but with a bit of planning you can celebrate without breaking the bank.

Kids and costumes


Kids can get pretty demanding when it comes to Halloween because they want to dress up in what they want and once they have an idea in their head they stick to it.

My best friend’s daughter wanted to be a character from Pacific Rim and has her heart set on being a giant robot. He will do anything to make his daughter happy so he set out to Wal-Mart to buy all the materials to create this costume for her.

The cost for the materials came to $54 so far and he still has to figure out materials to make the arms.

That’s a pricey costume for a child but if you want to see your children smile and you can afford it in your budget than why not go all the way to make the night a magical moment for your child. Another alternative is to have the child save part of their allowance or if they have a paper route or earnings to set a portion aside as we do in our projected expenses account. This way you can pay a portion and the child can pay a portion and learn about saving money for what they need.

Creating a homemade costume can be a frugal idea or a costly idea depending on how far you want to take the details and accessories and of course where you purchase them and for how much.

Creating a costume also teaches children how to bring out the creative monster inside of them because we don’t always have to run to the store to purchase convenience such as the ready-made costume.


Halloween costume ideas


A friend of ours was telling us the other day about how her and her best friends all purchased pizza slice costumes off the internet and went to a huge Halloween party together. They managed to all lay on the ground to get a group pizza photo of the entire pie.

True friendship in the form of a pizza and to be honest I thought it was a brilliant idea. I didn’t ask how much the pizza slice costume cost but like any other costume you could list it on Kijiji for sale and I’m sure you could make back some of the cash.

Suiting up for one night of fun for those that are Halloween fanatics spending the money is of no object. I think it’s a great idea as long as the money is in the budget and not coming from savings that really should be used for emergencies only. Friends of ours up the road decorate the entire house and front yard coupled with scary Halloween music for the October 31 night of fun.

They also make sure to bring out the shots of alcohol for any parents who need a pick me up while walking their kids from house to house. They became our new best friends on Halloween when they gave us a few shots each… geesh and we thought Halloween was just for kids.

It’s nice to see adults getting involved with Halloween like the kids because it is a time when we can let out the kid inside or whatever you fancy.

Our friends said they try to come up with couples Halloween ideas because they want to encourage couples especially with kids who might not be able to head out to an adult Halloween party to get in the spirit of it all.

I’ll admit I’m not a big Halloween fan but my wife is however I do love to decorate the outside of the home. My wife hands out the candy as I’m also not a big fan of doing that although she forces me at times because she runs off nowhere to be found and then the doorbell starts ringing.

The year just past she encouraged me to sit in the garage with the pumpkin lit, candy bowls, tea and scary music.

It was a great time and although I don’t dress up it’s great to see all the kiddies in their costumers whether they are a store-bought costume or the quick Halloween costumes that are budget friendly such as the pumpkin on the head (haha no kidding) and street clothes. A real, walking, talking pumpkin head. :)


Best Halloween costumes


I was reading this year online at Yahoo that twerking and Miley Cyrus was going to be the top pick for best Halloween costume and it doesn’t surprise me. Neither does the fact that a Scotia Bank poll revealed Canadians will spend an average of $70 per person on Halloween including the candy.

I wonder if going out in a naked suit with a chain and wrecking ball attached is going to make headlines around the world after her successful wrecking ball song and video which has astronomical views on You Tube with over 250 million views.

Now I’m not sure what sexy male Halloween costumes are going to be popular this year but a sexy fox costume or any costumes in the YLVIS music video “What does the fox say?” might be a hit with all ages. Robin Thicke the sexy male singer who dresses in a black suit, white dress shirt opened wide with black sunglasses and a hair style that puts Robert Pattinson to shame might grace adult Halloween parties for any male who wants to dress down but still look hot for the crowd.

Some of the best costumes I’ve ever seen are not expensive costumes and are homemade Halloween costumes. If you don’t want to fork out the cash you can head to your local charity shop and scour the store for some awesome Halloween costume ideas.

I find that Value Village is getting pricier and since we were in the shop this past week and the prices really aren’t much different from buying something new at the big box store.

If you locate articles of clothing or accessories that aren’t labelled Halloween you may find the bargain you are looking for which I suggest. Any time you go into a store for a seasonal product be prepared to pay until the season is over.

The best deals are at end of season when you can pick up decorations, costumes, candy etc for a fraction of the cost up to 90% off at times depending where you shop and how fast they want to move the product out of the store.

We normally go in the next day to see what markdowns we can find to save money in our budget for the following year. If you want to save money you have to think smart and thinking ahead is never a bad thing especially if you know that you will need something at that point in time.

Homemade Halloween costumes for kids can be more expensive but they don’t have to be as opposed to shopping at the big box store or costume shop to buy a Halloween costume in a bag or one that is ready to go.

You can also check out Freecycle to see if anyone is offering Halloween costumes for free or hand me downs from friends and reduced prices on Kijiji from others looking to swap out last year’s costume.

Canadian Budget Binder this week


Just in case you missed any of the awesome posts at CBB this week I’ve got them all below for you. Happy Reading.


CBB at home and the blog


If you weren’t aware I was on vacation the past week so I haven’t been around much to comment on blog posts or chat to the fans like I normally do. To all the bloggers and fans who still came around to read CBB posts and comment thank you kindly. I respect that you take the time to visit and read even when I’m not always around or passing by your blog. It really shows me who really likes hanging out and listening to my ramblings every day!! So big thanks to all of you.

The blog has been moved and re-designed as you know and Greg is still working with me to remove any bugs or problems that we had missed but so far so good. I haven’t yet ventured into any form of major advertising but the emails keep coming in.

Other than that I hope to see the blog make some money so I can put it back into the blog and share it with my fans. I do this because I love it. I don’t do this for the money although making some extra cash on the side would be great to continue to make CBB the number one stop for personal finance, budgets and just a community of fans who are dedicated to making this space their own.

My wife has recovered from her surgery so to all of you that have emailed or sent kind notes to her she says thank you so much for the support during her recovery.


Jen’s garage sale finds


garage sales

Jen set out in the rain this morning to tackle a few garage sales and wanted to share her awesome finds with all of us. I thought the end of season for garage sales was over but the season just keeps on going. I guess until the snow is on the ground there will be garage sales and more deals to find.

Buckets of sidewalk chalk 2 x $.50=$1.00 LED light up garland (matches one I already have so now I can decorate my whole banister instead of half lol) $1.00 Total $2.00


Making a difference



Hi, my name is Anthony. I’m a 34-year old husband, father of two beautiful little girls, and the dad behind the blog – A site dedicated to influencing and empowering parents to make better financial decisions for themselves and for their children.

My story is not a terribly exciting one of overcoming massive amounts of debts in a short amount of time. Rather, it’s one of growing up and making mostly responsible choices that never got me into debt in the first place.

Then I met my wife! An amazing woman, carrying a less-than-amazing $40,000 debt load (now zero!). But it opened my eyes, to not only how easy it was to fall prey to debt, but I also learned how making a few better decisions, can quickly reverse the trend.

Growing up, my parents rarely lectured me about money, but their behaviour and attitude towards money went a long way into shaping my money habits. And it’s those lasting impressions we make, that can influence our children’s money habits for a lifetime. started in September 2012, where I share my thoughts on saving, investing and all things thrifty and uncomplicated.

As much as it’s become an outlet for me, it was created as a way to connect to others in the hope that we can reverse-engineer our bad money habits and exchange them for good ones.

When we’re all better informed, we can all make better financial decisions together.

Blog post sharing


I really appreciate when other blog owners recognize my hard work at Canadian Budget Binder and share my posts with their fans or even mention my blog on their blog or website.

Here are the blogs that did just that this past week, so please head over and check them out. If I’m missing you it’s because I didn’t get a ping back so please send me an email and I’ll add you next Saturday.

If you missed my Interview with EVA from Teens Got Cents it’s a must read as the spin she takes with the interview is brilliant!!! -Mr.CBB -Anonymous Blogger Revealed


What is a blog carnival?


Some fans have asked me just what is a blog carnival so a little explanation is due here for anyone reading for the first time or for my long-time fans. A blog carnival is where a blog or website hosts what we call a carnival of blog posts from around the web.

Most blog carnivals have a theme and certain rules for submitting which must be followed. If you are a blogger and would like to learn what blog carnival directories I submit to each week you can find the information in a previous Saturday Weekend Review post that I wrote.

A big thanks to these pages for accepting my blog posts and sharing them in the following carnivals………..


Carnival glory




Every week I get thousands of people visit Canadian Budget Binder because they did a search online and found my blog.

Here are a few of my favorite searches that may have even brought you here and you’re reading this, right now.

  • Canada Budget Game- That’s great… come on down and play The Grocery Game Challenge!
  • Women want money-  I don’t know many people who would say they don’t want money
  • Money can buy everything even happiness- I’m not sure I agree with this
  • Recycling bin strawberry growing- This is a great idea

That’s all for this week’s edition of The Saturday Weekend Review #43.

Join me next week same time, same place to see what trouble I can get myself into.

Have a great week everyone.



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The Saturday Weekend Review #6 November

Saturday Week In Review Mr.CBB

Mr.CBB’s  Saturday Weekend Review

So the snow touched down in Ontario yesterday and boy and I smiling from ear to ear. I was more than happy that the Christmas lights went up when it was nice and toasty out. Not alot happened on the home front this week besides the usual work and cleaning up the garage. I’ve managed to get everything off the ground (tire racks are great) so we can park both of the vehicles inside for the winter as intended. I could never understand why some people pack their garage floor to ceiling instead of wanting the ease of getting in and out of their vehicle during the winter months. I have no problems sipping on my coffee and waving to neighbours as I drive past as they are giving their wind-shield death with the ice scraper.  Scenario: Mr.CBB opens window, waves, “have a nice day Mrs.Jones” while enjoying his hot beverage, driving away in his toasty vehicle.  Do you park your vehicles in your garage if you have one?

Cineplex Theatre Mag - Twilight Breaking Dawn Part 2

Finally as promised I told you Mrs.CBB and I were going on a “date” to see the final movie in the Twilight Series Breaking Dawn 2 on Monday. Yes I did endure the entire movie and there were plenty of men to ease the pain. I must admit they picked a lovely young actress, Mackenzie Foy to play Renesmee Cullen who fit the role nicely.  OK, it wasn’t so bad since I had seen all the movies with the Mrs. It seemed to be a triumphant ending yet sad time for the fans. A standing ovation and clapping by most really hit home how much this series affected the viewers. Not to mention the bank accounts of all those involved including leading actors Robert Pattinson, Kristen Stewart, Taylor Lautner and the writer Stephenie Meyer.  But it ain’t over until the fat lady sings they say. Meyer would only comment that “there’s a chance I’ll go back to their story” on whether Jacob could father a child with Renesmee. Who wouldn’t if they already knew it would be worth millions. Long live the Vampires! Oh and yes Mrs.CBB picked up the Cineplex Theatre Magazine to read more about Robert’s feeling on the ending of the series. Wiping tears.. **

Financial News Mr.CBB

What’s Been Happening at Canadian Budget Binder

I’ve been all over the place with the blog this week as I’m heading towards a new design as I might have mentioned earlier. I’m not sure when the unveil will happen but asking my Facebook fans about what they would like to see with Canadian Budget Binder has been fun. I’d like to take this opportunity to ask my blog fans and any others who read CBB to share your comments on what you would like to see here. I think a site that is designed with ease of use and enjoyment for the fans and the owner benefits both parties.

We’ve had some great guest posters over the past few weeks and more to come. I’ve also written some guest posts which will be going live soon on other amazing blogs. I enjoy having others share their expertise and experiences with my fans so if you are someone who owns a blog and wants to guest post get in touch with me today.

Canadian Budget Binder’s Weekly Post Recap

  1. Mr.CBB’s Weekly Blog Post Picks November 23,2012 Shop Til You Drop
  2. Killing Your Mortgage In 3 Easy Steps
  3. Reader Question: Homemade or Store Bought Which is Cheaper?
  4. The Grocery Game Challenge Nov 9-15 Black Friday and 35 Days Until Christmas
  5. Book Review: How To Be Ricer,Smart and Better Looking Than Your Parents
  6. Mr.CBB’s Cream Filled Homemade Twinkie Style Cakes

Top Blog

This is where I will share the top website that sent me the most traffic for the week! The Top Blog To Drive Traffic To Canadian Budget Binder for this week goes to…… Christine at Coupon Christine!

Weekly Top 2 Honourable Mentions

  1. Jeremy at Modest Money
  2. Mark at My Own Advisor

Top 5 Blog Commenter’s: 

I Like You

Blogs That Shared Us With Their Fans This Week!

(If I miss You..please let me know and I will include your post next week as this runs Sat to Sat so if you linked me on Sat it will show up next week)

web search terms

What People Searched to Find Canadian Budget Binder on the Web

Search terms of the week are really a hoot! Here are a few of them for your viewing pleasure.  What are you saying about them? Any typos below are simply the person who searched who made the error or me ;-)

Top Pick- Giant Santa Cupcake- So big that you eat it for days….

  • Wish you could notice me- there I just did, I noticed
  • Best time to go to Value Village- When they are open
  • Knock Off Twinkies- You bet I knocked them off, please..
  • Outings without cash- The backyard
  • How do you make the cream in filled stick donuts?- Is that what they are calling Twinkies these days, filled stick donuts lol

That’s all for this weeks “The Saturday Weekend Review” head on back next week, same time, same place.-Mr. CBB

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

Are you NEW to Canadian Budget Binder?

If you are new to Canadian Budget Binder >>>Start here!

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Photo Credit: I like you- Copyright (c) <a href=’’>123RF Stock Photos</a>

October 2012 Canadian Budget Binder Family Budget Update

Canadian Budget Binder Family Budget Update

What happened in October in the CBB House? 

The Budget Saga, no, not the Twilight Saga continues here in the CBB home although I’ve been reminded Twilight Breaking Dawn part 2 comes out in theatres Nov 16,2012 and the red carpet premiere is Nov 12, 2012. I don’t know what it is about the ladies and Robert Pattinson but Mrs. CBB says he’s sexy but not as dreamy and sexy as me and my accent is just as drool worthy (ha, ya that’s what they want us to believe). I also think it’s a way to drag me to the movie release for a date night.. because she has free tickets and has made me watch every other Twilight Movie. That’s Ok, there’s give and take now because I have the remote control so she watches what I watch lol.

Actor Robert Pattinson after the Twilight Saga...

Actor Robert Pattinson after the Twilight Saga Film New Moon (Twilight Chapitre 2 Tentation) Photocall at the Crillon Hotel in Paris, France on November 10, 2009. (Photo credit: Wikipedia)

Anyhow… enough Vampire talk… the budget saga continues in the CBB home as it should with any home as the budget can change at any moment so it’s important to keep on top of it. This month we see a change in our communications category although it’s no surprise really.

Good News from Rogers Communications who says the CRTC LPIF FEE of 1.5% of your recurring TV bill is being reduced by a whopping 0.5% and will disappear by 2014. Yippie, Yahoo, Yay! Don’t break out the champagne just yet. BUT Wait…(no they didn’t throw in a free IPhone)  they wiped the smile off my face faster than I could say, woohoo, by charging us more for our monthly services. Business is Business, I know, I get it.

I noticed an increase on our bill only to find out that they took back the 15% bundle savings on Mrs.CBB’s cell that we negotiated and gave us 12%.  They are also increasing our internet by $2.00. Apparently I didn’t get the letter in the mail to inform me of the bundle decrease according to one agent and the other said, “well it was on your bill“.

So, if you bundle your services with Rogers.. check your bill (I failed to read all 10 pages)- lesson learned!

If you have

  • A 5% discount will be reduced to 4%
  • A 10% discount will be reduced to 8%
  • A 15% discount will be reduced to 12%

What does contract and deal mean any more? It means if you weren’t one who negotiated a deal you are getting it up the arse even worse! Prices in the UK for communications when I left in 2007 weren’t near as expensive as in Canada. I don’t mind negotiating and haggling for the best prices  although it gets tiring begging for a deal. Maybe it’s time to look elsewhere.

Anyhow, I’ve had to make changes to the budget again for this increase of $1.73 per month or $20.76 per year until the internet increase. Best part of it was when I was told over the phone when I questioned the increases, “it’s only a couple dollars” “every dealer does it“. I’m sure that was her way of saying don’t bother looking or leaving they will all do this to you. Maybe she’s right, maybe she’s wrong, but that won’t stop me from looking.

Do you negotiate your Cell phone, Cable, Home Phone and Internet bill with your provider if you are a long term customer? Who has the best rates in your opinion?

I participated in The Welfare Food Challenge In September so you will see a decrease in our grocery spending for the month.

October 2012 Canadian Budget Binder Family Budget Update

Changes to the Budget This Month

  • Communications bill went up by $1.73
  • Under in our  Lottery category as I forgot to play one week.. oops
  • Added in A/C Service/Maintenance, Birthdays, Extra Mortgage Payments that we save for the months with an extra payment.

Net Income for the month of October was higher/lower due to 

  • Interest from the Savings Accounts $0.08+$105.87+ $4.11=$110.06
  • Overtime Pay/Training for Work – Yes
  • Benefits Reimbursement $18.50
  • Work Travel Reimbursement Yes
  • Paid Volunteering $25.00, $25.00, $25.00
  • Gift Cards Received $10.00 + $10.00 (these were from a Shoppers Drug Mart Promo)

 October Monthly Overview

We have 3 Canadian Bank Accounts with our chequing account being with President’s Choice Financial. We chose PC Financial as one of our banks because we didn’t want to pay any bank fees. We also have never felt the need to see anyone personally inside of a bank but if we do Canadian Imperial Bank of Commerce (CIBC) will gladly help us out as PC is affiliated with CIBC.

  1. Chequing- This is where all the bills get paid from.
  2. Emergency Savings- This is where our Emergency money sits.
  3. Savings- This account holds money for projected expenses.

The CBB Family October Budget Breakdown

    • Monthly Budget Total: $5797.85
    • Monthly Net Income Total: $7286.25 a 2.18% Decrease from September
    • Total Coupons Used (this includes everything such as points redeemed, big box store coupons, not just grocery coupons: $121.16 down from $192.75 in September
    • Projected Expenses: These are expenses we know we will pay for throughout year and save monthly for = $1224.89
    • Total Expenses Actually Paid Out is$3705.10

Total Expenses Actually Paid Out Calculated is $7286.25 (total monthly income) –$2356.26 (total monthly savings)–Projected expenses $1224.89 = $3705.10

Actual Cash Savings Going Into Emergency Savings Funds$2356.26  which is an 18.01% Increase from September 2012 Savings

Calculated is $ 7286.25 (total monthly net income) – $3705.10 (actual expenses paid out for the month)–$1224.89 (projected expenses) $2356.26 (Total Savings for October)

The Outcome: October

PE=Projected Expense  is money which is automatically saved so if we go over in a category the money will come from the PE Account where it accumulates all year. The key is to make sure that you are not spending more than you are saving each month over the course of the year.

Example: Clothing we budget $10 per month. If we don’t spend it we move it to the projected expenses account. This means we should have $120 per year for clothing to spend. We have to track that expense as we spend it. If we see we need to adjust the budget because the number is far too low or high we will do that. I may add a Year to Date starting in January 2013 to this update so I can track it along with all of you.

Total Net Income October: $7286.25

  • A/C Service /Maintenance- PE $12.50
  • Allowance $15.00 Spent $0
  • Birthday PE $10.00 Spent $30.00 Over by $20.00
  • Car Repair/Maintenance PE $23.50 Spent $0
  • Christmas PE $25.00 Spent $o
  • Clothing PE $10.00 Spent $46.05 Over by $36.05
  • Dentist/Prescriptions PE $5.00 Spent $17.95 Over $12.95 (will get reimbursed)
  • Electricity/Water PE $153.05  Spent $344.13  (This bill comes every 2 months) Over $38.03
  • Entertainment-$7.00  Spent $7.90 Over $0.90
  • E-test PE $4-Spent $0
  • Extra Mortgage Payment 5 week- PE- $101.26 Spent $0
  • Furnace/Hot Water Rental PE$112.38 Spent $0 (This bill is every 3 months)
  • Union Gas (domestic)-$59.19 Spent $32.36 Under $26.83
  • Gasoline/Diesel (vehicle)-$192.00 Spent $220.51 Over $28.51
  • Grocery- $190.00 Spent $96.33 Under $93.67  Play The Grocery Game With us to Save!
  • Home Maintenance PE $329.00 Spent $126.41
  • Car/Home Insurance-$205.17 Spent $205.17
  • Income Tax Filing PE$2.50 Spent $0
  • Investment-$767.00 Spent $767.00
  • Licence Renewal Fees PE $11.84 Spent $56.50 Over $44.66
  • Life Insurance-$135.05 Spent $135.05
  • Lottery-$12 -Spent-$9.50 Under $2.50
  • Membership/Club/Sports PE $6.00 Spent $0
  • Miscellaneous-$125.00 Spent $190.28 Over $65.28
  • Mortgage-$1389.12 Spent $1389.12
  • Parking-$5 -Spent $5.50 Over $0.50
  • Pet PE $83.33 -Spent $0
  • Property Tax PE $287.45 Spent $0
  • Emergency Savings-Saved $2356.26
  • Vehicle Sticker PE $16.00 Spent $o
  • Cable/Internet/Cell/Home Phone-$146.19 Spent $146.19
  • Work Tools PE $50 Spent $14.20 Under $35.80

Overall: Not so bad of a month for us and we are working on goals for 2013. Do you set financial goals for your family?

Check in at the beginning of  December to see how we did in November!

  • How did you make out with your budget for September?
  • What changes do you need to make to your budget?
  • Follow Canadian Budget Binder and Budget along with us!

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

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