grocery game monthly challenge

Top 5 Reasons A Food Budget Is Financially Smart : The Grocery Game Challenge #3 June 15-21, 2015

Food budget financially smart(1)

KNOW WHERE YOUR MONEY IS GOING   A food budget is a huge part of the overall budget in any household whether you decide to use one or not. If you don’t believe me think about how much you pay each time you go to the grocery store and use that to work out your average yearly food expenses. Even though that’s probably the worst way to do it because you probably spend more than you think you are it’s somewhat of a ballpark figure of your yearly expenses. Then again for those of you who do the math this way your final number likely isn’t that important to you but it should be. If you are someone with more money than you know what to do with you might not have a care in the world to know the amount it’s costing you to fuel your body. For those of us who have to worry about balancing our monthly budget a food budget in my opinion is an imperative step to overcoming debt, saving money and balancing the budget. The fact is that whether you document your expenses or choose to just spend your money freely the money will […]

Man uses hourly wage to spend less and save $5000

hourly pay purchases

SAVE $ THE WAY THAT WORKS FOR YOU   Should you use your hourly wage as the deal breaker for potential purchases? Every so often I meet people who have something to say about finance and it just so happens that I find these people like magnets. First thing to remember is that what you earn is not what you net. In other words if you make minimum wage you aren’t taking home $11/hr after various taxes. Same goes to those who earn a salary, you’re in the same boat. This is common knowledge though right? If so why are so many people in debt? Whatever you net is the money you get to play with in your budget. It’s amazing how many people forget about using the concept “Spend less than you earn” even though it’s fairly straight-forward.   Mr.CD meets Mr.CBB   While we were doing some shopping in Burlington last week I was feathering through the CD’s which were on sale for 50% off. It was an amazing deal for new release CD’s and other CD’s that I normally wouldn’t pay full-price for. It was pretty busy so space was limited and we were all elbow to […]

Savings competitions helped couple save $20k to buy a house

couple savings competitions

MONEY COMPETITIONS CAN BE FUN   I’ll admit that I was always the competitive type growing up because I wanted to be successful at whatever I did. When I did participate in something I did it to the best of my ability and tried to surpass any goals that I set for myself. I could easily say money is a big part of my life in the sense that we need it to survive so I compete to keep earning it while building my career. I don’t challenge myself to earn a certain amount of money although we do set financial goals for ourselves. If it happens, it happens but we do live a frugal lifestyle and use a budget to help the process along. If I didn’t push myself to live each day to the max my life would be boring. My wife would never be surprised with the special things I do for her to make her day easier. Our son would not have the dad that goes above and beyond for him if I didn’t have some form of competitive nature in me. I want the best for my family so I work hard for them every […]