Mortgage Freedom Means You Still Need To Run : Our May 2017 Budget Update

EVERY DAY IS LIKE A FINANCIAL ROAD TRIP WITH BUMPS, DETOURS, GREEN LIGHTS AND FLAT TIRES.   Teach me how to get rich my sister-in-law asks me surprisingly a few weeks back since finding out we’ve been mortgage free 4 years as of May 2017. I don’t know about the “Rich” part but I can certainly talk for hours about budgets, frugal living and the importance of it all.   Mortgage Freedom is just the beginning   Since burning our mortgage papers Mrs. CBB and I have done one thing that some people might stop doing. Do you want to know what it is? Of course you do. Related: How we became mortgage free in 5 years We never stopped with the financial discipline we’ve ingrained into our routine over the past 10 years. Sometimes it’s hard to look back and think it has been that long but not really when you consider the life of a typical mortgage is 20-25 years. I don’t have all the answers but I do know that if you aren’t prepared to invest in your finances then you must deal with what you have. I don’t care if you’re already rich, collecting welfare, earn […]

Should We Bother Renovating Before Selling Our Home?

EMOTIONALLY INVESTING IN YOUR HOME RENOVATIONS IF YOU PLAN TO MOVE WILL COST YOU MORE THAN YOU NEED TO SPEND.   Lately I’ve been quite impressed with the house prices in our area but at the same time know that if we sell the cost to renovate and buy weigh heavily on our minds. Not only that but the real estate market in Canada might be hot right now but if you have renovating to complete that might set you back with missed money opportunities. The top 3 questions next to time-frame that you need to answer before putting your house up for sale are; Should we renovate our home to get better return? How much will our renovation budget be? Do we want to upgrade or downsize buying a new house? On our street for 2017 we’ve had 5 houses up for sale all of which sold in and around a week or less.  That might sound impressive and it is because houses don’t last long living in the Greater Toronto Area (GTA). With no more than 100 houses on our street that’s a huge number of nosey neighbour radars going off. That’s us ^^^^, we admit it.   Who […]

5 Family Day Fun Events That Cost Us Nothing : The Saturday Weekend Review #211

FREE FAMILY DAY FUN IS ABOUT TO GET BUSY IN THE CBB HOUSEHOLD.   If you’re as excited as I am for the Family Day holiday then you’ve probably scheduled a line-up of activities to keep everyone busy like we have. This year we’re prepared for Family Day fun as we found so many free events with neighbours, family, friends and our community. You don’t have to spend money to spend time with your family. For the most part any free events that we attend accept Food Bank donations. This is a great way to give back to the community and help those fellow citizens who are in need, especially during the winter months. Related: Types of Food Bank Donations This year we will be donating two boxes of diapers that we have leftover from our son when he was a baby. We kind of went overboard buying them on sale thinking we’d use them but our son grew so fast and we can’t return them. Instead of selling them we decided to donate them. You don’t have to be related to someone for them to be family.   When is Family Day?   Family Day 2017 is celebrated on […]

Free Stuff To Do During A Heat Wave To Keep Cool : The Saturday Weekend Review #182

DON’T LET THE EXTREME HEAT WARNINGS GET YOU DOWN THIS SUMMER   Spending time together this summer with your friends and family outdoors especially during a heat wave will include water, water and more water. Whether you are splashing in it or drinking it water seems to be the highlight of the summer all across Canada. The Weather Network (TWN) has forecast dangerous heat warnings for most of Southwestern Ontario as of Monday with the humidex values reaching near 40. Yes, that’s Hot, Hot, Hot. It’s critical that we stay cool in these types of heat waves and to drink plenty of water. If you live in the GTA and have had a sneaking suspicion that this year’s meteorological summer has been hotter than last years, you’d be absolutely right. -TWN What is a heat wave? According to The Weather Network a heat wave is; No official criteria Generally 3+ days over 32 degrees Celsius is accepted Dew point and humidity not taken into account. With many cities applying a water ban for homeowners it’s easy to see that grass is looking lifeless and plants are screaming for rain. I’m sure many of you will agree with me but one […]

Should I Buy A Cheaper or More Expensive House? : The Saturday Weekend Review #181

DON’T BE A FOOL TOWARDS THE SHIMMER AND SHINE IN THE REAL ESTATE MARKET   The most expensive house in the world is the one you are living in or contemplating purchasing. Owning a home becomes your world even though some people consider a roof over their heads a house and never a home. Buying the most expensive house on the block is not something I would do unless I was paying cash or was 100% certain that I could maintain it even through unforeseen circumstances. The problem is that there are people who aren’t considering what could happen which could promote a for sale sign on their property. Plus, if you think those are expensive homes now just wait and see what happens if you find major issues with the home down the road. Be ready to part with money you thought you had saved for something more than surprise home renovations. Whether you buy a cheap house or an expensive house you are now holding something expensive that could cost you even more.   The hometown living vibe is slowly being lost   Many families are being forced to move away from their hometown mainly Toronto and Vancouver […]

Forever Debt “Spend Money Like You Have It”: The Saturday Weekend Review #176

LIFE GIVES US OPTIONS AND WE MUST DEAL WITH THE CONSEQUENCES OF OUR CHOICES EVEN IF IT’S A COMMON SENSE LESSON   Since Father’s Day is around the corner I thought this email from a fan was fitting and likely one of the reasons she submitted it when she did. A timely lesson about wealth, money and debt. Liz learned her lesson the hard way and now she’s digging her way out of $50,000 worth of  potentialforever debt because she believed that if you spend money like you have it then everyone will think you’re successful. That’s the situation which 30 year-old Liz is battling now that she is done University, living on her own and has nothing or nobody to fall back on, not even her credit cards. The safety net which she called “plastic” has since been cut up and she was forced to put herself on a cash diet and a strict budget. Her story details the life of an entitled child who was handed choices but with consequences just like any other person. No one likes to succumb to a tight budget but you if you spend money like you have it then you must suffer […]

grocery game monthly challenge

How To Enjoy Gourmet Food On A Tight Budget – The Grocery Game Challenge 2016 #1 Mar 7-13

EATING GOURMET FOOD CAN FIT INTO ANY GROCERY BUDGET WITH A FEW KEY PANTRY INGREDIENTS TO SPRUCE UP A MEAL   Long before the big box grocery store there were and still are gourmet food stores, specialty stores, farmers stands and markets across Canada that supply some of the freshest food to our country. Locally produced foods in Canada are often thought to be out of reach for those who think they can’t afford to eat gourmet food at it’s finest. Not only that but unless you submerge yourself into the foodie scene you don’t often hear about places you can buy gourmet food, organic or farm grown products. Educate yourself with what is available in your local area and go see for yourself. I’m here to say, yes you can include gourmet foods in your diet if you plan your meals accordingly. I’m almost positive that if I conducted a survey and asked what the word gourmet meant I’d be told: Higher Price Tag Rich tasting Unheard of brands Imported products The word gourmet has long since been associated with being posh and possibly ingredients that only chefs or hard-core foodies would use in the kitchen. Gourmet is like […]

grocery game monthly challenge

Big City Savings Tips To Survive Grocery Shopping : The Grocery Game Challenge 2016 #4 Jan 25-31

OPTIONS ARE ENDLESS IN THE CITY   Many people who live in the big city choose not to drive, can’t drive or can’t afford to drive. This means rolling their shopping cart into a large parking lot to load groceries only to whiz home around the corner is not an option. Many of us take for granted the luxuries of living in a smaller city while shopping especially when it comes to parking and space. You’ll get more of that than you will living in the big city where space is at a premium. Related: How a small town family saves money on groceries The smartest tip that I can share with you today about shopping in any city is to be ORGANIZED. Without organization you risk having a less than ideal shopping experience. I find when we have things planned out it’s almost always smooth sailing. Unless of course we have a tired toddler, dirty nappy or it’s feeding time. Download my Free Printable Tools to get you started on the organizational train. With millions of people who live in Toronto and the Greater Toronto Area you will certainly find just about every grocery store on the market. In […]