The Saturday Weekly Review

7 Reasons People Think You’re Flat Broke When You’re Not : The Saturday Weekend Review #190

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You’re not looking for sympathy or hand-outs when people think you’re flat broke when you’re not. It’s their perception and not your influence that guides their belief and how they choose to act around you in regards to financial status. This isn’t a bad thing if you don’t want people to know about your oversized bank account and investment portfolio.

One thing we don’t typically do is talk about our finances with family, friends, employer, co-workers or strangers. They don’t need to know how much money we earn, where we’re spending it and how much we’ve managed to accumulate in the bank.

Have you ever heard of people who become rich because someone in the family passes away and leaves them part of a fortune in their Will which no one knew about? It happens because not everyone shares their success with the world and not everyone values money the same either.

Then there are hopeful people who think they are going to become rich because Grandma Suzie was loaded only to find out she was skint and left them a family heirloom instead of money.


Money talk follows you


I have friends who have no issue with blurting out how fat their retirement savings is and why they are financially set because of how much money they earn. Some are cocky about it as if they are well-off and deserve the recognition for all of their hard work. That’s one way to piss people off, promote jealousy or motivate people to ask you to lend them cash.

Then there are other people who legitimately don’t care what people know about their life nor do they care what other people have or don’t have.

We aren’t the type of people who run with the rich so we don’t want to be those people around those we know. Sometimes being on the same playing field is better than trying to belt a home-run on your own field while everyone watches.

Mrs. CBB’s good friend who has no money in the bank has opened up to us many times about her financial troubles and has said how she wishes she were rich and had no credit card debt. It’s sad to hear but it’s hard to say, well we’re debt free and life is good even though you’d expect a friend to be happy for you. It doesn’t always work that way and in some cases opening up may create a wall because they feel that they don’t belong or aren’t good enough.


Let them think you are flat broke


I remember once and just once I mentioned how much money I was making at my first job in Canada to someone and my wife nearly knocked me out with her eyes. She never talks about personal finance with anyone because she says it’s easier for them to believe you are struggling than to have them think you are rich.

When I asked her why she was like this she explained that it only took one time in her life where she let someone know how much money she had and they thought she was the National Bank. She has loaned money to a friend in the past and still hasn’t gotten it back.

She learned from that lesson never to expect money back from someone you loan it to and never loan out big bucks. You may just smack yourself if you do. Even if you do take someone to court for failed repayment it will cost you time and money so there’s no point…just let them believe you’re flat broke.

Related: 5 Simple Rules we live by to stay debt free


Let people teach you about money


It’s amazing how often we are educated on saving money and paying off the mortgage from people who think we have debt. There must be something about having a baby and automatically having people believe you are flat broke or young for that matter. We often get mistaken for being parents in our late twenties early thirties. The feeling we get knowing that their perception is incorrect is a wonderful feeling because we enjoy hearing what others have to say.


Sometimes it’s fine to let your financial guard down


My wife has many mommy friends but one in particular is much younger than we are but our sons are the same age. Money seems to be the topic of conversation with her friend and my wife doesn’t mind discussing it with her but she has taken this young lady under her wing. She wants to genuinely help her little family become happily wealthy by their own definition.

She confides in my wife about their money situation my wife started to talk about using a budget and how it helped us to become debt free before we were 40. She went on to say “you both don’t look or act like you are rich” to my wife.

It was then Mrs. CBB knew that she had opened the door a crack and now she had to figure a way to explain to this young friend of hers how to focus on what she has and not others. One of the ways she explained it was to make people think you are flat broke when you are not.

This is what helped us grow our savings and not worry about people thinking we had money to burn or feeling we needed to live up to certain expectations with family and friends. They likely won’t bother you if they think you’re hard-up for cash. If you’re serious about becoming wealthy find other ways to enjoy life without blowing money on experiences you can’t afford yet.


Growing up poor and understanding wealth


The words Rich and Wealthy get tossed around so much but to clear things up here they amount to as much money as you believe makes your life stress free from the money monsters. In other words, whatever makes you happy.

Related: Are you rich because you are debt-free?

When the young girls fiance as such picked up a new job as an apprentice making just over $20 an hour they were ecstatic. For a twenty year old that’s big bucks apparently and she said it’s the most money either of them has earned per hour.

They are happy but now they want to save money to buy a house, pay off their new car, pay cash for his education and get through school successfully. The only problem is they weren’t sure how to go about it.

Both of their parents were struggled financially in and out of  the welfare system and bounced from apartment to apartment, city to city. They want to change that revolving door so their son has a better life than they did. Not only are they working on keeping their relationship strong they want to become successful while educating their son to do the same.

Now that my wife is helping her to create a budget together she also found out that she doesn’t know how to cook well nor does she know how to save at the grocery store apart from flyer savings. Mrs. CBB has gone grocery shopping with her and shared some of the secrets we have to save money on food and other household items.

She now knows about the scanning code of practice, reading receipts, keeping receipts and following up on prices to make sure nothing goes on sale or cheaper from a recent purchase. You can get the difference back from most retailers so a huge money saver if you’re watching your dollar bills.

Although she’s told Mrs. CBB that it has been lots to take in she wants to continue learning about money and wants my wife to teach her all about it. My wife told her that she doesn’t normally tell anyone about our financial situation when the young mom says, “But you’ll teach me how to budget and become rich right?” Mrs. CBB laughed and told her she’d do her best but ultimately it was up to them.

Although we appreciate her enthusiasm it’s important to remember not to just focus on becoming rich, focus on not creating debt. The other major concern is making sure that her fiance is on board with budgeting as much as she is or it won’t work.


You don’t need to act flat broke


After the money conversation took place my wife told me what her young friend had said about us not looking or acting like we were rich. It made us happy that we carry out what we set out to do and that is live below our means and save for a stress-free financial future.

That got us thinking about all the ways we create the illusion to the outside world that we don’t have extra cash kicking around when we do. Oddly enough we don’t do it on purpose, we’re just being ourselves. Many rich people become rich because they hustle like they’re flat broke and save where they can. Smart if you ask me provided money doesn’t take over your life and lifestyle.

Below are 7 ways we go about life that might make people think we’re flat broke when we’re not.


Shop Second-Hand


Oh man, the minute you tell some people that you shop at Value Village, Goodwill or any used shop they think you’re flat broke. Some people would never get caught dead in a used shop because it’s a big no-no to be seen buying stuff that other people have worn or previously enjoyed before.  Second-hand is NOT a sign of being poor however some people actually believe that to be true.


Rent or Buy a Small House


If you rent you must be broke and if you buy a small house you must not make enough to afford something bigger in an upscale neighbourhood. It amazes me how people create a picture about someone’s life based on what they have or don’t have.

Buying a house is not for everyone where renting may be a more economical or secure option for someone whose reasons make sense to them. Just because you don’t buy the new big house with  brand new appliances and modern furniture doesn’t necessarily mean you can’t afford to do so. Let them believe you can’t because the less they know, the better off you are.


Just Say No


You don’t have to be anti-social to become rich but you do have to know when to say no to people who want you to spend money on things you haven’t budgeted for. If your friends and family don’t know about your financial situation and think you are struggling a bit they may back off as opposed to them thinking you’re well-off. Sounds sly BUT this is the golden ticket to having the upper-hand when opportunities are put on the table.


Frugal Mindset


If you ever talk about saving money, couponing and other crazy things you do to keep money in your pocket people will think you’re broke. I don’t know why people think like this but for some people going the extra mile to save money is a waste of time and something only poor people do.

I like to think of it as part of our master plan. So when the non-believers are selling their house because they NEED to downsize we’ll be enjoying our mortgage-free world all because we weren’t embarrassed to be frugal.


Low-key Lifestyle


Keep your job and what’s happening in your life below the radar so you don’t become the talk of the town. That means don’t go and post everything that you do on Facebook or other social media. When you open the story to your life and invite people in they see what they want to see and believe what they want to believe.

Keep your life private but don’t block out the world. If you buy a $5000 camera you don’t have to show everyone. If your boss just gave you a $10,000 work bonus, no one needs to know.


You Own a Used Vehicle


We will likely never own a new vehicle as they are a waste of money. A vehicle is a depreciating asset so there’s no point investing a fortune into something brand new when you can buy used. Even settling for a vehicle that is a few years old will save you money you can put towards something else.


Deal Seekers


We always are on the hunt for a bargain whether it’s used or brand new. Negotiating with people who are selling items and price matching is the way to save. Taking advantage of simple online research before we buy products or source out services has saved us thousands of dollars over the years. If we can DIY it without hiring someone to do the job we’ll save the cash and get it done ourselves.

Just because you have money doesn’t mean you have to flaunt it. It also doesn’t mean you shouldn’t enjoy it either.

Have you ever met someone who you thought was broke who ended up being rich?


Trouble I got into this week


This week I kept busy on my day off because I had and still have a long list of jobs to get done around the house. I did manage to repair our 3 seat swing that we bought earlier this summer off Kijiji. A couple of the straps broke due to wear and tear and sun damage. I’ll be blogging about how it cost me nothing but time to repair the damage where it should have cost me at least $200.

Most of our free time has been spent with our son and working on his tidying up skills, communication and education. We had a successful week with him and he’s getting better but it will take time. Next we are slowly going to work on potty training but will let him go at his own pace. It will all fall into place, hopefully.

Next week it’s all about more Fall clean-up around the yard and I’ll start packing away some of the boys summer toys and the pool for next season. I also bought  brakes for our vehicle but I won’t do them until I swap over to the winter tires. Might as well do it all at once and save time.

A wonderful ending to the week included fresh homemade banana bread, hot tea and painting with leaves and other crafts to create some Fall artwork. Our son loved it…and so did we.

Have a great week!!



Awesome posts I published this week


If you have a question that you would like to ask Mr.CBB fill out the Contact Mr.CBB form on the blog home page and I’ll do my best to reply to each one.

If you want to share a story via a Fan Question please ensure that there is minimum 500 words and lots of details…we love details! I’m more than happy to chat via email to bring your story to life.

Top Post This Week: How to make money fast without going crazy



Making a difference (MAD)


Making A Difference Canadian Budget Binder MAD

Welcome to the 2016 Making A Difference series! Join the networking movement of Personal Finance Bloggers around the world. If you are a personal finance blogger (anywhere around the world) and would like your blog to be MAD featured simply drop me an email and I’ll explain the process to you. I’m currently booking for December 2016/January 2017.

This is my way of giving back to the personal finance community through networking and sharing knowledge with my fans. Today it is my pleasure to share with you the personal finance blog Highend Cheapsakate.

highend-cheapskate-blogHi everyone!

HighendCheapskate is a blog initially created and written documenting  the financial steps that I took in order to create a lifestyle that offered me more time in exchange for earning less money. I  worked, and still do, as a clinician in the hearing healthcare field.

In 2013 I was working in a managerial capacity when I made the decision to cut to part-time,  necessitating a move toward a significant reduction in income to do so. I wanted to be able to fill the time that I was freeing up with activities that I enjoyed doing by creatively finding new ways to finance them.

I created a plan and put it into action, and in May of 2014  I said goodbye to a managerial paycheck for a part-time paycheck. I was asked often how I was able to maintain my lifestyle, travel, and do the things that I do on with less income. I started to document what I was doing financially in a simple blog, but shortly after I started blogging, the economy in the area that I live in took a nosedive resulting in many people losing their jobs.

As the economy declined, the blog that I was writing became  more inclusive of not just how to fulfill wants and needs through creative ways of obtaining them, but started to include more on the psychology and tactics on how to how to survive income loss. A lot of the people who I knew that had lost their jobs had never experienced income loss and did not know  how to transition to living frugally, or how to find creative ways to move on financially.

My blogging motivation changed to become inclusive of surviving income loss in the short-term and then continuing on with implementing these practices into the long-term in order to maximize lifestyle while spending less money. I hope that the people who read my blog can leave with new information on how to deal with income loss whether it is by chance or by choice.

Thanks for reading!


Reader Budget Brags


I was sent emails with brags from the fans of how they saved money that I created a spot here to showcase that enthusiasm for saving money. Send me your Budget Brag and you will automatically be entered into a yearly draw for a surprise gift card. Open to Canada and USA residents. email:

olleen-2016-frys-chocolate-bakers-chocolateHere is a brag for you Mr.CBB and Readers!

I scored some Fry’s Cocoa regular price here is $6.89 and paid only $1.99 each so I bought all four containers. Also, the Baker’s semi sweet chocolate is regular price $6.59 and I paid $0.99 each. The total cost was $$11.92 which meant a saving of $42. I love chocolate.

-Colleen K.

Wow Colleen, I’m in awe of this deal because it’s not every day chocolate like this goes on sale at such a reduced price. I would have bought it all as well.

Thanks for sharing with us. Time to start baking!!


Frugal Recipe Pick


Food is a big part of any budget and a soft-chocolate-chip-cookies-5struggle for many which is why it has been important for me to create frugal recipes for my fans.

We all have to eat but just because we have a budget doesn’t mean we can’t eat delicious home-cooked meals that are drool-worthy.

I have a second Facebook page called The Free Recipe Depot where I exclusively share recipes from Food Bloggers around the world.

Check out the Free Recipe Index on CBB compiled of frugal recipes that are 100% tested and accepted by family and friends!

These Soft Chocolate Chip Cookies from Natasha’s Kitchen are to-die for. Just look at how gooey they are and filled with chocolate. This is a chocolate-lovers dream cookie and I’m that person. I’ll be making these for sure.


Cool Pinterest Find



Dancing Lawn Ghosts are PERFECT for Halloween and so easy to make. The best part is the cost because you don’t need much to make your front lawn stand out…literally! Check this easy DIY project out over at Listotic along with 15 other cool DIY Halloween Decor Ideas.


Editor’s Choice



Editor’s Choice (That’s me Mr.CBB) This week goes to Kimberly Haydn over at Station Seven where I read an interesting blog post about Knowing When To Say No and How it can transform your Business and your Life. “When it comes to business no is the most empowering word we can use.” If you’re serious about your business and getting your life on track and keeping it there give this a read.


Spotlight on Finance



There is some truth this but to a certain degree because you don’t need to box yourself in from the world just because you are in debt or have these high expectations of becoming rich. Balance is important so find ways to save money and still enjoy your friends and chatting to strangers. You never know what you’ll learn or who you will meet.


Google Search Giggles


Always begin and end your day with a SMILE!- Mr.CBB

Every week I get thousands of people visit Canadian Budget Binder because they did a search online and found my blog. If you notice any spelling errors below this is because I share the exact way it was typed into a search engine query to land on my blog.

Most times funny, Sometimes serious.

  • Safeway refused to cash my check but they have cashed my 4 other checks with the exact same date 4 months ago- Is it just me or does this sound fishy? The same date? Maybe that’s why they stopped cashing them.
  • Dollarama Paint Roller Review– One time use only haha! You get what you pay for.
  • Does Food Basics sell pregnancy tests?– Sounds urgent or maybe that is the only store available in the area.
  • My cheapness means no home renovations– You get to live in it so do what you want with it

That’s all the fun for this week, thanks for dropping by and we’ll see ya all again next Saturday!


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