THE GIFT OF DEBT FREEDOM
I’m excited to share this amazing journey about a couple who are 18 months away from paying off $40,000 worth of consumer debt.
Do you want to know how they are getting rid of their debt?
It’s easy…they spend less than they earn and they are budgeting. I hope you weren’t expecting some wild formulas or the easy way out because there are none.
Couple tackling debt
Canadian Budget Binder fans Jen Peacock, 36 and Ken Blowes, 35 from Georgetown, Ontario shared their debt payback story with the world in a video at The Globe and Mail online.
I was humbled to hear how much I had influenced their budgeting journey but as you all know I worked pretty close with the Jen and Ken to help them along because I knew Jen was serious and needed the help.
This is probably a Mother’s Day she won’t forget because it’s been an on-going battle with debt where they can now “finally see the light“.
Since Jen first chatted with me at CBB she has written “Budgeting with Mr.CBB got us Back on Track” as well as their struggle with infertility. Jen and Ken just recently welcomed their second son Connor into the world little brother to Adam their oldest son.
Jen also contributes to this Saturday post during the summer months sharing her Garage Sale deals.
The money she saves buying used and even brand new items always amazes the fans of CBB.
She is also an avid coupon user who has posted her grocery shops in my weekly Grocery Game Challenge since it began in 2012.
Recently she stopped posting due to the birth of their son but she knows I’m getting ready to motivate her back on board when she’s ready.
I really do miss reading about her amazing shopping trips and how much she is able to save for her family.
She is certainly taking the term “Debt Binge” to a new level but it’s working for them and that’s what matters.
Some people would rather sulk in their debt instead of doing something about it but not Jen and Ken.
Becoming debt-free clearly is not a gift that is given freely but a road travelled that people take on because they are tired of owing money and getting stuck in the never-ending debt cycle.
If you complete it then it is a gift you’ve given yourself.
What I love about Jen and Ken is their determination and they are so honest about their debt and how they accumulated it.
This is a HUGE problem for most couples today because coming up with excuses won’t pay the debt off and neither will waiting for the “right time” to start fixing the problem.
The time is now!
Once you accept responsibility it’s easier to get down to business. Even though it took Ken a while to get on board he eventually would see just how important it was to ask for those “receipts“. Hey Ken, I do the same thing mate with the receipts and you know what, Debt Freedom feels good, so don’t stop!
In the video when Jen gives kudos to other young couples who are able to become debt-free and mortgage free she says something that I hope inspires many.
I want to be one of those people and I want my sons to be one of those people
Jen and Ken have learned valuable lessons here that they WILL pass along to their two boys.
I’m going to do everything I can to teach my boys about money so they do not have to deal with debt.
What I didn’t do was give Jen and Ken all the answers, I made them do their homework.
If Jen didn’t understand we went over it or I’d ask her to find the problem which I could see but she missed.
If you are always told what to do and how to do it you will never learn how to do it on your own.
Growing up my mother always told me to “look it up”, “read about it” or “figure it out” with a little push in the right direction.
This has helped me grow into a man who most often challenges himself to do things on his own or who finds a way to get something done.
I do ask for help but I do my best to see if I can find the answer first.
If you are serious about getting rid of your debt then consider using a budget.
Whether you have debt or not a budget is always a smart financial choice.
You can download our budgets and other lists FREE from the blog. I don’t want your money, I just want to see you happy and on the road to debt freedom.
I wish all of my fans the best of luck on your budgeting journey and to Jen and Ken, I’m proud of you both for your hard work paying back your debt.
If you haven’t watched the video above take a few minutes to do so. Big thanks to Hannah at The Globe and Mail for sharing CBB with the world.
CBB Week At A Glance
Thanks for dropping by this week again. You will all be happy to hear that I FINALLY got the garage door opener up and running.
It’s much quieter and the keypad is not intermittent like our old one.
This week I also managed to mow the lawn and put out some mulch.
I was happy to see that no weeds came through the weed barrier in our new rock garden. I love how our front landscaping takes no effort at all now.
If you do it right the first time maintaining it should be a breeze.
All I have to do now is buy some ferns for our hanging baskets and other greenery for our large pots.
I’m hoping to finish that up next week. I bought the soil at Canadian Tire and a bunch of other things to finish sanding and sealing the deck this past week.
I started sanding with my new toy the other night and boy am I happy I bought it rather than using sandpaper-like I normally do.
This will save me time and money in the long run so the $79.99 was well worth the money I spent.
I also made brownies this week and I will be sharing that recipe with you tomorrow. I created a lemon-lime cheesecake brownie and they turned out better than I could ever imagine.
My wife loves them so that’s part of her Mother’s Day gift.
Other than that I’m thrilled to be home a bit more now but that only means I have lots to catch up on.
Have a Happy Mother’s Day to all and enjoy your weekend.
Published This Week
Just in case you’ve missed any of my blog posts this week I will share them all below.
If you have a question that you would like to ask Mr.CBB to fill out the Contact Mr.CBB form on the Home Page and send in your questions.
If you want to share a story please ensure that there is a minimum 500-1000 words and details… we love details!
Mr.CBB (that’s me) will look in his mailbag weekly and pick a question to answer on the blog.
This week on Canadian Budget Binder:
- Airbnb can be a potential goldmine or a financial disaster
- Thai Chicken Soup
- How to grocery shop 7 days a week and save money
- How a t0-do list stopped me from playing superhero with my life
Submit your Deal or Brag:
Saving money while grocery shopping is essential in the CBB family and that’s why we share our grocery shops every week in The Grocery Game Challenge 2015.
What I love the most is when my fans share their amazing shops with me whether it be groceries or other deals they find at a garage sale, online or freebies!!!
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.
This week CBB fan Jen Peacock is back at the Garage Sales and wanted to share this score with all of us.
Here is today’s garage sale haul:
- 18 pairs baby socks, 12m snowsuit, 2 winter hats, winter boots, 2 pairs of mittens, red onesie, shirt and track pants – $5 (they were asking $5 for the snowsuit and $.50 per piece of clothing)
- 2 shirts, jeans, 2 pairs PJs, emergency cell phone charger – $2 (they were asking $.50 per piece of clothing)
- Duckie watering can – free
- Small thermos – $.50 (they were asking $1)
- Baby bottle brush – $.50 (they were asking $1)
- Baby bottle nipple and pacifiers – free
- Flashlight/glow stick and goldfish cracker holder – $4 (they were asking $5)
- White bookshelf – $2
Food and grocery shopping is a BIG part of CBB because food is a large part of the budget which people struggle the most with.
If you are someone who would rather buy convenience meals or products consider cooking homemade meals or baking from scratch.
Not only will you save money but you will be proud of what you accomplished and you’ll see that from the smiles on those you feed.
If you don’t already know I have a second Facebook page called The Free Recipe Depot where I share recipes from other Food Bloggers from around the world.
I created this second Facebook page because I love food so much and I wanted to showcase only food 24/7 and this is where I do it.
I also share recipes on CBB once a week on Sundays either made by me or my in-house home blog cook Nicola Don!
This week our Top Recipe Pick goes to Tablespoon after they shared this amazing Frozen Strawberry Crunch Cake.
If you don’t love strawberries this isn’t the treat for you but if you do tell me you are not drooling for this one.
It’s usually late at night when I crave sweets so this would be perfect right about now.
Every week I will pick a blog post of the week from around the web that I found interesting and want to share with you and an Editor’s top blog post pick.
Editor’s blog post pick this week goes to Christine at The Wallet Diet for Living in Downtown Toronto on a $30,000 salary.
I found it interesting because most people wouldn’t dream moving to Toronto on that kind of salary let alone downtown.
I agree though that if you want something bad enough in life you have to be determined and get out and find it.
A great story about perseverance and finding what works in her budget range in one pricey Canadian city.
Google search terms
Every week I get thousands of people visit Canadian Budget Binder because they did a search online and found my blog.
Keep in mind any spelling errors below are because I share with you the exact way they typed their search engine query to land on my blog.
- Most sensitive pregnancy test Canada– They either say yes or no.The Dollar store pregnancy test is just as sensitive as the pricey one. It’s your choice, your money.
- How to get rid of credit card debt in Canada?– Pay it off… how’s that for an answer?
- How to get rid of weed in rock garden– Well, is it WEED or is it WEEDS…two different answers coming your way depending on what you are talking about.
- Straw for weed killer– There are those that want to grow weed and others that want to kill weed. Never a middle ground haha!
- How to get food stamps in Canada?-I don’t think we have food stamps here just food banks unless Welfare offers something initially.
Thanks for reading The Saturday Weekend Review and Welcome to 2015 on Canadian Budget Binder!!
- The Saturday Weekend Review #116: At what age should your child get a cell phone?
- The Saturday Weekend Review #117: How getting rid of junk will make you happier and richer
- The Saturday Weekend Review #118: Can your budget handle the new TFSA 2015 Increase?
- The Saturday Weekend Review #119: AirBnb is homeowners goldmine or potential nightmare