How A Life Changing Illness Shaped Our Financial Future

JUST WHEN YOU THOUGHT EVERYTHING WAS GOING WELL YOU’RE HIT WITH AN ILLNESS THAT WILL FOREVER CHANGE YOUR LIFE.   I’ve been writing about money for much of the past decade but I didn’t always have my act together, financial speaking. In fact, I spent most of my twenties deep in debt, and it took a big, scary, life-changing event for me to have my financial awakening. I’ll never forget the day when my world changed. It was 2008, and my wife had complained of a headache – a pain behind her right eye, to be exact. She was in excruciating pain and nearly went blind, temporarily, seeing only red spots out of her affected eye. An ophthalmologist confirmed it was optic neuritis, an inflammation that affects the optic nerve. After prescribing an incredibly high dose of prednisone to bring down the inflammation, the doctor referred my wife to a neurologist who diagnosed her with Multiple Sclerosis. We were devastated. At the time, we didn’t know much about MS and how this disease would impact our lives. All we knew was that each flare-up of the disease caused nerve damage, which would gradually get worse over time and lead to […]

Budget help for families who want out of debt

Never Be Afraid To Ask For Financial Help I had a reader contact me the other day and asked me for my Canadian Budget Binder excel spreadsheet that you see me post snap shots of each month when I post our budget update because he said their finances are in chaos and they risk losing everything. It’s not easy asking for help when it comes to finances because for many people talking about their money is taboo so they suffer in silence and continue to pile debt on top of debt. Although it seems like lately I’ve seen a shift in those wanting to break-free from their debt and the emails to my inbox have been flowing through daily asking for help. Sinking your financial ship doesn’t have to happen nor do you have to feel shameful of why you are where you are financially because we all have our reasons and no one should ever judge. What I do encourage is for people to speak up whether they are already in a crisis or believe they are headed that way. Most people already know they are going to be in trouble financially but there are those few that will […]

Bust our budget August 2013: Save or splurge?

The Urge To Splurge Can Be Forceful Save or splurge really wasn’t going through our minds this month only because there were certain items that we needed to get which we were putting off for a long while, if not years. It was a funny month because it seemed as if everything that could go wrong, did go wrong. My Facebook fans got to listen to me whine this month every time we spent money that was out of the blue. When we put our money in the bank we hope to see it grow but there are times when we have to spend a little to enjoy the fruits of our labour. I won’t get into too much detail about our extreme emergency this month because I’m going to blast your computer screen in an upcoming blog post all about how I cost us $1400 in the budget this month. I also managed to take my wife out on a well deserved shopping splurge at the mall. It was national splurge month for us and we will certainly evaluate our year-end numbers to see if this is something we should add into the budget or whether it was a […]

March 2013 CBB Budget Update #3- A Quiet Month With The Budget

Well, here we are at the end of March 2013 with another budget update which with confidence I can say is a bit better than our February Budget Update. Sometimes it’s a good thing to have a quiet month with the budget because it helps to put things into perspective. Sometimes budgeting and saving money doesn’t always happen depending on what your priorities are that month. As an example, last month we saved no money in our emergency savings, a big fat zero. We actually spent more than we earned in February which can be discouraging but also motivating to do better the next month.This month we didn’t have any big-ticket expenses like our water softener that cost us over $1000 in February. We didn’t have alot going on this month in terms of expenses but we did pre-pay the full 20% of our mortgage of over $32,000 for the 2013 year which I will get into in an upcoming blog post. I’m expecting next month to be costly for us with having another installment of city taxes to pay and our hydro./water bill will be coming due. Other than that with spring and then summer just around the corner I will […]

January 2013 Canadian Budget Binder Monthly Budget Update #1

Learning to budget money is not always as easy as it seems to most people as it takes time and planning and continual revisions over the course of the year. Some people have no desire to budget monthly and only check in quarterly or yearly but not this guy. Most families are happy to start out with a basic budget sheet until they get the hang of the monthly budget items that they need and over time will graduate to something a bit better. In our case that is what we did and later designed our own CBB monthly family budget as an excel spending worksheet. In 2012 we learned alot about our spending habits and in 2013 we hope to challenge what we learned to make this year an even brighter year in terms of finance and savings. By April this year our mortgage should be closed and paid in full as this will be our 4th year into a 5 year term. We are currently in the process of getting this all sorted out so it’s a waiting game but one we are ready to celebrate when the time comes. Champagne anyone? You bet we are excited and why […]

grocery game monthly challenge

The Grocery Game Challenge May 28-June 3 Hot Hot Hot!

We are now in the last week of May and it sure has been abnormally HOT for most of us in Southwestern Ontario.  Please let it rain mother nature! We’ve  been using the barbeque quite a bit for the past couple months.  Nothing like a bbq, and nice cold beer and having your mates around. Since purchasing a new gas barbeque earlier this year we are happy with our decision of  buying one with the side burner and rotisserie. We use the side burner to boil potatoes, corn and small fry ups.  This saves us money rather than using the electric stove in the house with the added bonus of  not heating up the house. We have yet to put our Central Air on likely around July same as last year although we hardly use it. We have also been cooking from scratch lately and rather enjoying the recipes I’ve developed in the kitchen. Recently I made Mr.CBB’s Slammin Chili with a Spicy Cheddar Bacon Corn bread which was so good and paired well with the chili. I’ll be posting the chili recipe later this weekend. With that being said, this week was a slow week in terms of shopping as it […]

%d bloggers like this: