How to handle negative people who criticize your budget : October 2015 Budget Update

Canadian Budget Binder Monthly Budget Update Logo 2 compressed- negative peopleBUTT OUT COMES TO MIND…


In most ways we have a combination of positive and negative character traits although not everyone recognizes when the negatives outweighs the positive.

When we let negative traits suffocate us we find it difficult to see the reasoning that others have for doing what they do whether you believe in it or not.

There will always be people who criticize and it’s up to the individual how they handle these situations.

Just recently I was helping a fan get started with our free budget download because she wanted to test our budget.

In conversation I learned that over the past year she has saved $5000 and paid off over $8000 worth of consumer debt. She was a mall rat and every opportunity she could get shopping was where you would find her.

These days she’s sitting behind her computer figuring out how to budget and how much money she can spend every month. Kudos to her and others that do the same because it takes a determined person to push themselves to get of debt and fight through outside turmoil.

In her case…

Her boyfriend is not happy about the budgeting because he is used to going out for dinners and wild weekend partying. She is re-thinking the relationship because now she is worried about how her future financial picture might look with him.

On the other hand her mother and friends who were her shopping partners laugh at her for attempting to budget saying that she will only give up on it. I guess they have no faith in her. She says that no one close to her uses a budget so they aren’t used to her saying that she can’t do something because she has no money. Their response is, “What do you do with all that money you make?”

None of their business, if you ask me.

Having negative people in your corner can be daunting but like anything else most people who try to break you down aren’t happy with their own lives. We have on more than one occasion had to deal with negative people in our life because we are frugal and use a budget.

They say that our life is too restricting and we are no fun anymore. We are no fun because we don’t splash as much money around as they do. Sometimes it’s best to leave the splashers to drain their own tank while filling up your own.

Being positive won’t guarantee you will succeed. But being negative will guarantee you won’t.- Jon Gordon

The good news is you can still have relationships with friends and family even if they are the negative people in your life who don’t understand why you want to budget your money.

If you are concerned about a relationship, well only you can make that final decision. Most people who care about their finances hope to find someone just as compatible.


How to deal with negative people


I’m no expert but what we’ve done in the past is ignore the negative people and do our own thing. If negative people in your life have no intentions of supporting your pursuit towards debt freedom then let them live in their own financial bubble.

It’s important and I say this with sincerity, surround yourself with people who are like-minded when it comes to your finances. You will have the best conversations and you’re almost guaranteed to get that moral support that you crave especially if you have lots of debt to pay off.

We have too many things to worry about in this world and trying to change the minds of negative people who are hell-bent about creating havoc in others lives is just a waste of time. You could be using all that precious time educating yourself about finance rather than worrying about whether you will still have a friend in the morning.

I’m not trying to say don’t talk to the negative people but if you’ve already explained yourself and they still think you are making a mistake trying to pinch your money then there’s no point.

  • Explain yourself if you feel the need about why you are clamping down on your finances
  • Tell the negative people how you feel about they way they are treating you differently
  • Explain to the negative people you would like to hear them support your goals

Make sure to keep yourself motivated in conversation and use positive words to ensure they understand why finance is important to you. I often like to call the negative people who won’t back down, financial bullies. I’d like to see how well they are managing their money where they somehow feel they have the right to criticize someone else.

My tip to you is to do what you want to do with your money and never-mind the negative people because your home-run in the end will be their strike-out!

How do you handle negative people in your life when it comes to your finances?


Where our money went in October


October 2015 Budget totals

Where did your money go in October?

October was a month of car maintenance. I already knew the front struts needed to be replaced as well as the sway bar links and bushings (you could feel it in the steering) and rear shock absorbers. I was lucky enough to order the parts I needed through a friend who gets discounts from parts suppliers.

The work was done by myself to reduce the costs of labour and although it still needed further repairs in the form of tie rod ends (one inner and one outer) when it went for an alignment I still managed to save money.

In the end, the car had just over $2,000 dollars worth of work done to it for $793.25. It drives like new again and should be good for a few more years.

We invested an extra $1000 dollars into our investments on top of our usual $1141.66. So, these two extras alone took quite the slice out of the budget this month. At a combined total of $1934.91 for the two expenses it actually left the rest of our monthly expenses relatively low.


All about our free budget


I’m currently offering 2 versions of our budget and the reason behind it is simple. Firstly, read the CBB blog disclaimer because what you do with it is your own business so if you mess it up you need to sort that out.

I have not closed off any cells so you can make all the changes you like to the budget to reflect your lifestyle which is what you asked me for in your emails. (See I do listen and read your comments and emails)

Although I would love to help every single fan with their budget I am unable to do so but I am always willing to answer any emails you send me so don’t be shy.

This was after all meant to be our personal budget and although I would love to customize it for every fan that wants to use it but, I’m afraid I cannot.

I’m not selling this budget or hope to make any money from it so enjoy this free budget and I hope that it works for you as much as it does for us.


Our free budget spreadsheet


cbb budget screen shot compressed

You can download the free budget spreadsheets here.

  • Budget 1– You can use the pre-existing categories or you can use your own if you wish and you have the option to use projected expenses or not. Please read all notes left around the budget for tips.
  • Budget 2– Everything is pre-set so you have to use the pre-defined categories but this budget will generate year-end budget figures where the other one won’t but you must use the categories already in this budget. If you change anything you will mess up the formulas and year-end figures.
  • Please read all notes left around the budget for tips.

Test the budget for a month and see how it goes.


Our family budget plan


How we budget our monthly expenses?

I often have fans ask me how to budget money on a low-income or they simply a high debt load and want to kill it like my friend Tony who got rid of over $100,000 worth of debt by using a budget.

CBB fans want to know what we do in order to save so much money and the reply I give is simple>> It’s not about the money it’s about the process involved.

We are both money managers of our finances and with our relationship compatibility we have been able to get to where we are in 2015, debt free.

It doesn’t matter if you are using a cash only budget or you use your debit and credit cards, if your budget doesn’t balance you have budget issues you should review it pronto.

Learning how to be your own money manager is important because no one else will care about your money more than YOU!.

We don’t always save as much money as we would like every month but most importantly we are not going into debt but only because we are budgeting our money. In fact we are currently debt-free including the mortgage which means all we pay for is our monthly bills and expenses.

One of the most important things we did for our personal finances was that we never let the budget deter us from reaching our goals.

Sure we’ve had crap months but we’ve made up for it or we learned from our mistakes just like we should. Budget failure only occurs when you give up on your budget which should not happen as long as you truly want to reach your goals.

We didn’t always earn the income we do today but made do with what we were earning so we didn’t go into debt. That my friends is called “living below your means”. The only science to becoming rich!

Sometimes fans email and ask me if living on a budget in Canada is any different from living and budgeting in other countries. To be honest I’m going to say, probably not.

If I still lived in the UK I could use this exact budget spreadsheet to meet all of my needs however the budget needs to be reviewed monthly.

Below are links to the budgeting series which I wrote while designing our excel budget spreadsheet which will give you an idea just how we designed our budget.

I’m not a financial planner/advisor so I can’t tell you how you should budget but I can show you how we budget our numbers. I’m just a regular guy just like everyone else; some might call me a budget or numbers nerd.


Learn how to budget


Our Budgeting Series

Do you want to learn to budget like we do?

We explain everything we do and more in this mini-series below all about budgeting.

Please take the time to read through our budgeting series plus read Budgeting in the New Year. I hope the information will help stop you from making common budgeting mistakes that I hear of often and that you take something away from the information and apply it to your financial situation.

If you have any questions about what we do with our money tracker ie: The budget than feel free to email me. I may expand more on the topics as we go along and add some mini-series in 2015 detailing how we budget to break it down even further for you.

  1. How We Designed Our Budget Step 1 Gathering All the information
  2. How We Designed Our Budget Step 2Budget Categories
  3. How We Designed Our Budget Step 3– Tracking Receipts
  4. How We Designed Our Budget Step 4- Note-taking
  5. How We Designed Our Budget Step 5– 5S Organization
  6. How We Designed Our Budget Step 6– Who Does What and When?
  7. How We Designed Our Budget Step 7– Balancing Our Budget
  8. How We Designed Our Budget Step 8– Knowing our Coupon Savings
  9. How We Designed Our Budget Step 9– Reading Our Bills
  10. How We Designed Our Budget Step 10 Projected Expenses


Budget percentages October


October 2015 Monthly breakdown percentages

Our savings of 55.65% includes savings and investments and emergency savings for this month.

The monthly totals comes to 100% which shows that we spent our income this month and used the rest as emergency savings.

The other categories were well within the defined percentage limits. Our projected expenses this month is at 17.05%. The car repairs show up in this pie chart increasing the transportation ratio up to 8.73% this month although we are still well within the limits.


Budget percentages month by month


Budget 2015 Yearly Graph


Expenses breakdown


This is simply a breakdown of our expenses which has helped us to understand where all of our money goes. As of May 2014 we have been mortgage free so much of our money will be directed at savings, investments and renovations.

I appreciate that you enjoy this budget update each month but I do hope you view this as an educational tool rather than comparing your own financial numbers as our situations are all unique.

Although I encourage your comments and love to hear what you have to say about our budget categories and expenses please don’t tell us to donate our money to charities because we have too much or are fortunate.

We are hardly out of the clear with finances for the rest of our lives and have worked and sacrificed to get where we are. We do plan to enjoy the money we’ve saved now since we haven’t over the years with our son.

What we do with our “extra cash” is our business and although we do donate to a charity we won’t be putting it on display for the world to see as it defeats the purpose in my eyes. It is part of the budget as you see it. I hope that clears that up for those of you who had concerns about our extra money.

Almost 7 years ago I started working in Canada making a bit over minimum wage and have since moved up the ladder. I’m now working very hard to secure my dream job with one foot in the door. We aren’t all lucky but if you do the best you can at least you can look back and say you gave it a shot.

Sometimes we wish we had more money to budget with but understand that we only have what we earn and if we want more, we need to earn more. Spending less than we earn and budgeting our money has been the easiest way for us to pay down debt and save money.

  1. Chequing– This is the bank account where all of our debt gets paid from.
  2. Emergency Savings Account– This is a high-interest savings account.
  3. Regular Savings Account– This is a savings account that holds our projected expenses.
  4. Monthly Budgeted Total: $4,904.82
  5. Monthly Net Income Total$10,362.77
  6. (Check out our Ultimate Grocery Guide to see where our grocery money goes)
  7. Projected Expenses: These are expenses we know we will pay for throughout the year = $1,766.35
  8. Total Expenses Actually Paid Out$5179.81
  9. Total Expenses Actually Paid Out: Calculated is $10,362.77 (total net monthly income) – $1,766.35 (projected expenses) – $3416.61 (emergency savings) = $5,179.81
  10. Actual Cash Savings going into Emergency Savings: Calculated is $10,362.77 (total monthly net income) – $5,179.81 (actual expenses paid out for the month) – $1,766.35 (projected expenses) = $3416.61


Saving money


What are Projected Expenses? – We project expenses throughout the year so we have the money saved. PE= A projected expense is money automatically saved each month so it is ready when the bill comes in or when you need it as in the example below.

We review our projected expenses at the beginning of the year to set up our yearly budget and adjust as we go along if a new projected expense arises and needs to be added to the budget. Sometimes we remove a projected expense as well so it’s very important to keep an eye on your expenses.

This has happened on many occasions but it’s bound to happen as we can’t predict everything we have to pay for over the course of the year. The important part for us is that we are saving for these expenses and we no longer have to stress about taking money from our savings to pay for them. To learn more about projected expenses read Step 10 in my budgeting series.

When we spend the money in a projected expense category we move that money to our chequing account in order to pay for that incoming expense. So this means the numbers go up and down in the projected expenses account based on what we need to pay for that we saved for in the account over time.

The only thing you need to do is track your projected expenses each month manually as I can’t customize that for you in the excel budget spreadsheet as I don’t know what you will use for projected expenses.

For now we will have to manually track which means month after month we add up what we save in each projected expense category and minus what we spend so we know how much we have and what is left in each category. I have updated our personal excel budget spreadsheet for 2015.

We pay money into the projected expenses account continually throughout the year even when bills come due as its revolving so as one bill gets paid the money continues to come in from the other categories all year-long. This ensures that money is always available. It may not always be enough but having something ready is better than having nothing at all and having to use credit.

So the $1766.35 gets paid into the projected expense account every month no matter what. It seems to be easier to track our money this way but you can do what works best for you.


Projected expenses example


If our clothing category was a projected expense we have a budget of $50 per month for the two of us. If we spend $30 on clothes for the month that means we need to pull $30 from the projected expenses account to pay for this expense or we move only $20 to projected expenses for the month and leave the $30 in your chequing account.

It’s up to you how you do it as I mentioned above. I’m hoping to put together a projected expenses spreadsheet to track the expenses all year-long otherwise you need to do that to make sure you don’t overspend what you haven’t saved or will save over the course of the year.

It’s a fairly easy process and becomes a lifestyle change for your finances but the most important part is that the money is available and saved, which means potentially less stress.

This means we should have $600.00 per year for clothing to spend. We have to track that expense as we spend it manually but hopefully for our 2015 budget I can incorporate that into our spreadsheet so it tallies the numbers up as we go along. That way we will be able to know exactly what we’ve spent as an ongoing total.

(Note: I am working on this but slowly as I wasn’t anticipating all the extra hours with my second job)


Our actual family budget


Time for the juicy category numbers and to see how we made out with our monthly budget. Below you will see two tables, one is our monthly budget and the other is our actual budget for the month of October 2015.

This budget represents 2 adults and a baby plus our investments.

If it is highlighted in blue that means it is a projected expense. You will also see our budget does not include the emergency savings as this is factored in at the end.


Budget for October 2015


Budgeted amount for the month


Actual budget expenses for October 2015


October 2015 Actual Spent for the month


 October 2015 Goals Reviewed


  • Finish sanding and stain our sons kitchen table and chairs- FAIL but my wife is on me for this one.
  • Finish our sons free rocking horse (handle missing so I’m making one)- FAIL Nope still sitting in the garage.
  • Reach  4600 Twitter Followers- PASS
  • Reach  6660 Facebook Followers- PASS
  • Reach  2400 Pinterest Followers- FAIL It was ambitious but I found out if I click on the 2.3 it would show me exactly how many followers I have. It’s just under 2300.
  • Reach  3100 Followers The Free Recipe Depot Facebook- PASS
  • Reach 178 Followers Bloglovin- PASS
  • Finish the budget projected expenses- FAIL Not this time around.
  • Help a new blogger with a task or question- PASS I helped 3 bloggers this month
  • Connect with a new blogger- PASS I connected with many bloggers this month
  • Finish the master bathroom shower- FAIL Every day that I think I have spare time something comes up.
  • Pick out new tiles for bathroom and accessories (mirror, towel bar holder etc.)- FAIL We just haven’t had the time to get out shopping.
  • Buy a new blind for the garage- FAIL I cleaned the current blinds though so that must count for something.
  • Finish the walls in the baby room- FAIL He’s still not sleeping in his room yet so no rush. At least that is what I keep telling myself. Ah.
  • Start looking at kitchen designs- PASS We did get a few minutes to look at some kitchen designs we like. 
  • Start looking at pricing for a new insulated garage door- FAIL I haven’t had time yet.
  • Buy a pressure washer- FAIL Still waiting for a sale.
  • Finish Fall Clean-up- PASS sort of. I’m almost done as I have a few things on the porch to bring in and a couple of plants out back.
  • Sort through our sons clothes and sell some- PASS We did sort through what we have and have sold some items but there is still lots left. We haven’t worked too hard on selling them like we should.
  • Start thinking about our Christmas expenses- PASS We actually bought a few gifts for our son so far as we got good prices.
  • Research Kitchen designers in our area- FAIL
  • Create a new recipe-  PASS I created a few new recipes this month coming on the blog soon.


November 2015 Goals


  • Finish sanding and stain our sons kitchen table and chairs-
  • Finish our sons free rocking horse (handle missing so I’m making one)-
  • Reach  4700 Twitter Followers-
  • Reach  6665 Facebook Followers-
  • Reach  2400 Pinterest Followers-
  • Reach  3105 Followers The Free Recipe Depot Facebook-
  • Reach 179 Followers Bloglovin-
  • Finish the budget projected expenses-
  • Help a new blogger with a task or question-
  • Connect with a new blogger-
  • Finish the master bathroom shower-
  • Pick out new tiles for bathroom and accessories (mirror, towel bar holder etc.)-
  • Buy a new blind for the garage-
  • Finish the walls in the baby room-
  • Start looking at kitchen designs-
  • Start looking at pricing for a new insulated garage door-
  • Buy a pressure washer-
  • Finish Fall Clean-up-
  • Sort through our sons clothes and sell some-
  • Start thinking about our Christmas expenses-
  • Research Kitchen designers in our area-
  • Create a new recipe-
  • Put out the outdoor Christmas Decorations after Remembrance Day-
  • Put up the Christmas tree-
  • Start wrapping Christmas gifts-


Budget updates month by month


In case you missed our budget updates and want to do a quick search I’ve compiled them all on one handy page: monthly budgets.

For the 2015 Year I will also keep track of each month just below.

I will start the list off with our end of year budget update from 2014 just in case you missed it.

That’s all for this month check back at the beginning of December 2015 to see how we made out with our November 2015 budget!

Happy Budgeting CBB’ers!

Are You New To Canadian Budget Binder?


  1. Her family may just be upset that she is not spending time with them like she used to shopping & going out to eat. It’s hard to change your life when everyone around you resists. I hope she sticks to the budget!

  2. I always encounter criticism against my budget. But, I take it in a positive way and never let it break my positive perspective on my budget. I am just trying to sense the positive side of their criticism so that I can improve how I budget. Mr. CBB, I like how you handle criticism. You’re very good at it.

  3. I got some criticism recently on a post on my blog. A reader was upset about how much money we’d spent for my hubs’ medical school. I tried to play it cool. After all, we thought it through before taking on that amount of student loan debt, but eventually I got kind of mad. There will always be some resistance when you share your financial decisions with people.

    • Yes, I agree there will always be someone who has something to say. The best thing to do is remember that it’s your decision not theirs. Cheers Cat 🙂

  4. Christine Weadick says:

    Interesting read. I’d be inclined to say this girl is wise to be thinking about the relationship with her current boyfriend. I think she is being much more mature about her finances than many around her. Your advise to ignore the negative people is good. She needs to do what is best for her and not worry about what others say. Good luck to her!!
    October had it’s expenses but you are on top of it as usual. We have the winter tires on now and the guys at the shop looked the truck over for any issues for me. Total bill was just under $50.00 so I was happy about that. Things are looking very good at your place. All those jobs will get done in time.
    I got a few books at the library book sale and scored Gail Vaz-Oxlade, Debt Free Forever so I am looking forward to reading that and being able to make notes in it as I go!!

    • I can’t be bothered wasting my time on negative people. You won’t change their minds, only they can do that. Yes October hit us with the vehicle repairs but considering the vehicle is almost 13 years old and hasn’t cost us much we’re doing well. In the end the ride will likely have cost us approx $1000 a year for 16 years if we can run it for another 3 which is great. It was purchased brand new. Have fun reading Gail’s books. I’ve read them all. In the end it’s all about common sense Christine and much of what I talk about here. It’s no mystery.. just being smart with your money. 🙂

  5. I love your advice on how to handle all the negative naysayers when it comes to budgeting. I am so unfazed by what other people think about my finances at this point in my life. Oddly, they think I have it all together and that I’m rolling in the money, lol. I say, keep focused on your goals and eventually those negative naysayers will end up coming to you wondering how they can do it too.

    • Exactly Latoya, once they see how good your life is they will want to know the secrets. I think that goes with anything though wouldn’t you say? People want to know the secret to success but many don’t want to do the hard work. Ah well,like you say keep focused on your goals. Thanks for dropping by Latoya! Mr.CBB

  6. I think Dave Ramsey said it so well ” When people make fun of you for using a budget, you’re on the right track.” and “if you want to stay broke, hang around broke people.”

  7. I love that you talked about the negative people in our lives (we all have them, unfortunately). It’s a topic that is largely ignored, especially what to do if you love that person! I also think that there is a big difference between being truly negative and just teasing. My family likes to give me a hard time about some of my “weird” money habits (like not owning a car) but I know they’re just teasing and are proud of me 🙂 Thanks for the article and congratulations on a great month of goal accomplishments!

    • Oh I agree that there are the people who just tease and then those that can be right nasty. Jealousy I guess plays a big role and like I said there is typically some underlying issues on the part of the negative person. Thanks for dropping by Taylor! Mr.CBB

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