I’d like to thank Stacey Grant for writing Canadian Budget Binder with her “Paid Cash” story for our fans to read. Stacey and her husband have learned quite a bit about money and savings and want to share this special story with you. Thanks Stacey! Mr.CBB
Stacey’s Story
We started budgeting in the fall of 2011 as my husband and I were sick and tired of being broke. Now don’t get me wrong, our bills were being paid, and we had nice things, but there didn’t seem to be any “Emergency Savings Money”
We found out we were splurging EVERYWHERE, including spending around $120 a week at Tim Horton’s. You do the math that’s a whopping $1440 a year on coffee when we simply could have made it at home for less.
The first things we were told about money and savings were;
- Always use cash to pay
- Get receipts for everything
Within 2 weeks we had in excess of $400 in our regular banking account.
After learning about debt stacking, we were able to pay our 2 credit cards off (at Christmas time I might add) and pay cash for everything we bought for Christmas. I also purchased Canada Savings Bonds at work, and we opened a high interest savings account.
In January I started couponing, which has further stretched our dollar…..and because of the incredible savings…..
We are going to Las Vegas in August for 5 days.
We never did go on a Honeymoon after we married so this trip was worth waiting 10 years for. Not only was the trip entirely paid in cash, I was also able to put aside $2000 in spending money…WOW, I know.
As a surprise to my husband who really wants to do the “Nascar experience” I purchased tickets for him. This is a gift for all the years of love and happiness in our marriage which I paid $500 cash for.
This excitement and trip to Las Vegas might not seem much to some people, but from someone who couldn’t even save a dime…..this is HUGE accomplishment. I am also able to go some weeks shop-free for groceries which is a great feeling.
Our Tips
- Save and Pay Cash
- Budget your Expenses
Happy Savings,
Stacey Grant
If you have a “Paid Cash” story you would like to tell us about simply email your story to canadianbudgetbinder@yahoo.ca . Click here for rules or visit our Facebook page and click on the Paid by Cash Tab to enter.
Related Post: Paid by Cash In Canada-New Home, New Baby,New Garage Door Openers
Wendy LeDrew says
Great story Stacey! I bet you feel much better about finally taking your trip, knowing that you worked hard, and paid for it all in cash. I wanted to go on a trip this year, I have never been on one. But decided to save, and go next year! Hope that I can do it, I’m sure by reading this story, it will make me work harder to save. Enjoy your honeymoon:)
Stacey Mullins Grant says
Wendy, you will be able to do this. We are now saving for our second trip!!! This one will be the first for the whole family to get away!!! We are now saving for Mexico in January!!!!
Linda Leroux says
Love this story……….splurging sure does cost a lot…..and you don;t even realize until you add it up!
Hilda Hawco says
Great inspirational read. Thats a lot of timmies. Super job, keep it up.
LindaH says
WOW, what a great inspiration. I can’t save a dime, this gives me hope that I can change things around. Thank you Stacey for sharing your story and thank you Mr. CBB for posting it.
Canadianbudgetbinder says
You are welcome Linda.. Keep the faith and get that budget rolling and you WILL save at least a dime I promise you that! Cheers Mr.CBB
Stacey Mullins Grant says
Thank you Linda, and trust me, ANYONE can do this. I was the most skeptical person EVER. Now that we have Vegas covered, we are saving for a trip to Mexico in January!! This is a must as my hubby’s only sibling is getting married. But it is also an excuse for all 4 of us to get away!!
shelley gray says
That is an eye opener, i also love my Timmies. don’t spend that much but i’m sure i could cut back.
Canadianbudgetbinder says
I think when you see the overall dollar amount at the end of the year you might change your mind. Mr.CBB Thanks for your comment.
Stacey Mullins Grant says
It’s amazing what you find out when you keep track of everything…scary actually.
Michelle Beaver says
what a great story thank you for sharing. My Husband and I also didn’t take a honeymoon and I am desperately trying to get our budget started so that we can finally have that trip we always talk about. It’s not easy with only one income and to kids just getting started seems daunting.
Canadianbudgetbinder says
Thanks for your post! You’ve come to the right place to talk budget! If you wander around and have a read you will find lots of great info here at CBB! Mr.CBB
DoraV says
Awesome job! You are an inspiration to all of us trying to live frugally! You should be proud of yourselves. Have fun!
Alana says
wow what a wonderful story thank you so much for sharing Stacey Hope you had a great honeymoon
Sandy D says
Congratulations and thanks for sharing your inspiring story. I hope one day to be into the savings part of budgetting (after we are credit card debt free) and have a honeymoon that never happened either!!! As much as I love to travel, I hate debt more!!! Enjoy the trip and bask in the good feeling of paying in cash!!!!!!!!
Janice Dicker says
I found that the best way for me to stay on track with grocery shopping is that I make a months list of meals then I make out the shopping list for the meals. That way I go grocery shopping once a month so it saves on gas so we dont have to go out all the time to get food.
Canadianbudgetbinder says
Do you find you can easily stick to a budget? What about if items not on your list come up for sale but you know you will use them? Cheers thanks for posting. Mr.CBB
Sandie Kurisu says
How awesome! Enjoy your honeymoon!
meeshmaash says
Congrats on your savings and the huge successes you made in such a little amount of time!!
TacklingOurDebt (@TacklingOurDebt) says
I love Vegas! I hope you have a wonderful time!!
Where are you staying?
I hope you enjoy the heat as it is very hot there in August, but when you walk down the strip they actually have misting sprinkler systems that you can walk through to cool off.
Stacey Grant says
We are staying at the flamingo. My hubby is a big fan of history, and well the flamingo is the original Casino. Plus we are on a budget, so we will just be visiting places like the bellagio!!! LOL. I have also done HUGE research on Free things & very cheap things to do in Vegas. So much that I have half of a book full!!!
Thanks for telling me about the misting stations. I know we will need them!!!
I am super excited to go. All those lights??? WOW.
Stacey Mullins Grant says
We are staying at the Flamingo. My hubby is a big history nut, so staying there was a no-brainer (his words)….we are already expecting it to be sweltering. I think we were told somewhere around the 120 degree mark??
Jen P says
Great story Stacey and congratulations! I wish I knew even where to start! A vacation will be even more enjoyable knowing you’re not going into debt for it! I should try that some time! lol
nickydon40 says
What an azing story enjoy your belated honeymoon guys . Going forward we hope to do a non shop week just have to get the stock pile a big higher but jusg about there
Canadianbudgetbinder says
We wanted to have one this week coming but don’t think so with the 20x points at SDM now and some other amazing stockpile deals. We will see how bad it gets.. lol
Stacey Grant says
Thank you for well wishes. You will get there!!
Stacey Mullins Grant says
Ty Nickydon40…we are planning on having a blast. I was also given some coupons to use while there!! A friend of mine just came back!!
canadianmdinvestor says
I agree, I do not like debt. Budget and live within your means…
Canadianbudgetbinder says
True that mate!
denlyn3 says
Great story and advice. We are still working at having a week of no groceries. We have two sons living with us (21 & 23) that are more and more not around to eat our meals. If I ever adjust to just cooking for two we should save a lot of money on groceries.
Canadianbudgetbinder says
The no-shop week is very difficult. We are supposed to have one starting Monday but I doubt it’s going to happen. We did have one at the beginning of the month I believe as the weeks in the month were off.
When there are deals we can stockpile such as coffee, sugar, beef, chicken, milk, cream, cheese, we will do it because we know we will use it. We don’t want to pay full price because we said NO NO it’s a shop free week lol.. I also suggest if you do like us that you have the money in your emergency fund otherwise you just DON’T shop and put it on credit cards… that’s a big no no. Cheers
denlyn3 says
Yes, I agree about the credit cards. We use AMEX for a lot of monthly purchases only to get the year end rebate check. Last year we got over 300 in a rebate check.
Canadianbudgetbinder says
Wow that’s worth it then, as long as you don’t carry a balance which is hard for some to understand. You aren’t saving anything when you buy deals and use coupons and then leave it on a CC which you get charged interest. Mr.CBB Cheers.
denlyn3 says
We pay everything off each month. It is worth it to put gas purchase on AMEX, considering the $4.35 per gallon price today.
Canadianbudgetbinder says
We are the same we use the cards for points and extra money to spend… might as well if you have the cash to pay it off every month. Yes the gas it out of whack but not that bad compared to what it is back home in the UK..
denlyn3 says
What price are they paying in the UK these days?
Canadianbudgetbinder says
Pretty Scary Actually
UK price of gasoline at the pumps at all-time high, now at an average price of over 140.5p (£1.405 or $2.22) per litre, $8.39 per gallon.
denlyn3 says
I think I would just walk at that price. Crazy
Canadianbudgetbinder says
Yes we having nothing to moan about yet.