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8 Habits We Pursued To Became Powerful Savers : The Saturday Weekend Review #234

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how to create a super savers plan for financial success


Start to talk about money and everyone is all ears because not everyone is as rich as you think.

Over the years I’ve come to realize that not everyone who wants to know about how savers get their money motivation actually wants to do the same.

I believe that reading about success stories for some people who want to become savers is like getting high and then slowly coming down because they never take their goals to the next level.

Mrs. CBB had her friend over the other day who just happens to be far younger than she is but our sons have grown up together.

In fact, they are best of buddies so we see them often and celebrate milestones together.

Although we could technically be their parents if we got pregnant at the same age they have, twice. I know, right, twice.

They have two children under the age of 3 and they are barely out of their teenage years.

They bought a second-hand newer model car, rent a basement apartment, go to school and work full-time.

Who does that?

Lots of people do and it’s not really a backward way of planning it’s a life choice they made.

She asked Mrs. CBB the other day a question that sparked me to write this post because people who genuinely want to become savers want to learn.

Her question was point-blank, “How much money do you have”?

Mrs. CBB simply replied, “Never enough” because we don’t know what will happen down the road.

Then they had a laugh about becoming Value Village Savers because they’ve become thrift buddies and help each other find bargains.

This means there is hope and that the millennial generation wants to learn about building a portfolio rather than learning everything they need to about paying off debt.

Great news however not every young person is hands up about money-saving tools or budgeting for that matter.

Possibly it seems too grown-up for them but soon enough they’ll wish they tracked their money like a pro.

So many people don’t give a hoot about their money until there is a debt to pay.

Then they find out every rule in the book, under the book and around the book to fight the battle.

There is so much blood, sweat, and tears for those who are struggling with overwhelming amounts of debt that I often ask myself why they hadn’t put all their energy to become savers.

The answer to that is often because they didn’t need to at the time. It’s easy to go to work, get a paycheque, spend it and then do it all over again.

Then debt enters the picture.

I’ve talked to many people through social media about their money situation only to have them disappear from the radar.

I often wonder how they are doing financially and if anything they’ve learned from CBB has helped them become better savers.

That’s all budgeting is about, How to make money, spend it and save it.

Discipline is the only way to get it done.

Essentially you are balancing money so you can keep the boat moving and stashing money away for a rainy day.

Not everyone sees it that way because they haven’t adopted the saver’s mindset.

Starting from broke

If you get ahead of being broke and meet up with debt you will need to create success.

By this I mean it’s up to you and if you can’t handle the ups and downs of beating up debt you’ll never survive.

It won’t be easy and days will be tough and seem like they won’t get better BUT they will if you just give it time.

Although we never suffered debt without an income to pay for it we did have it under our belt which meant it had to get paid.

Mrs. CBB had a bank account with only $3000, retirement savings and equity in her home when she went to sell it.

Let’s forget about the equity for a minute here because that’s not relative especially for those who sell to buy again.

She had $3000 saved up in case of an emergency and that was all she clung on to but at least she had it.

It wasn’t near enough but instead of creating debt, she started to learn as much as she could about building wealth.

So did I which is another reason we clicked with the financial fire we had flaming inside of us.

It was a passion to hold back guilty expensive pleasures until we reached our savings goals. T

his meant there was no jetting off on expensive March Break holidays or buying fancy cars just because we could.

There was always a moment to reflect on how the money could be used better and what our alternatives would be.

Savers like to watch the money grow

Some people get a high from saving $2 off a case of Coke and others do the happy dance when their investments take a significant leap in the right direction.

Then there are others who get rocked by it all do anything to save money even if they have money saved.

Just because you have money doesn’t mean you don’t need more.

You’re not being greedy you’re just finding ways to grow your money and enjoy it at the same time.

What you don’t want to do is enjoy it too much before you have successfully completed debt freedom.

How did we become such great savers is no mystery to us but for our readers, I wanted to share what we consider our motivational money bible.

Now that we can look back there was a strict path we chose because becoming savers was only the beginning of our debt-free success before we hit our 40’s.

Related: How we paid our mortgage off in 5 years

What we didn’t know is that if we hadn’t adopted the savers mindset we might have suffered a debt crash as so many people do.

It’s hard to get out from under debt but not impossible even if you are late to the savers game. All you have to do is one thing, DON’T GIVE UP.

I don’t often give advice on this blog but if I had to I would say don’t let anything get in your way or take over your emotional state with money.

Fight it, find ways and keep looking for alternate ways to become better savers and rid yourself of a debt crisis.

It’s better to be broke and debt-free then it is to be broke with a shovel and a mountain.

Savers Rules For Success

I put together a small chart to outline how we became savers and the mindset that we assumed along the way.

This all didn’t happen overnight but if you want that savers mindset to guide you to success then you must embrace it.

No B.S excuses, just do it.


Discussion Question: What are some Savers rules that you’ve created to reach your financial goals?

Another Week At The CBB House

This was a big week for us as we put a big hole in our net worth which I will talk about in our next net worth update for August.

It was no surprise expense but certainly planned for years.

We’ve also been exploring local programs for our son who will be celebrating his third birthday.

So far we’ve talked about karate, daycare and YMCA programs for toddlers.

What we’d like to see happen is that our son gets involved with other kids since he mostly stays at home with Mrs. CBB.

You will see a dent in the budget as we signed him up for soccer this year to give it another go now that he’s a bit older.

We don’t regret putting him in soccer before he was two because it gave him exposure to teamwork and listening to his coach.

Our little guy has also mastered the potty in the house but we are still putting pull-ups on him when we go out.

He doesn’t potty outside of the house yet though.

Any tips would be appreciated.

Other than that I’ve been swamped with building new programs for work that must be done as soon as possible.

Starting a new job even though you’ve done it for years is challenging especially when you find out what you didn’t do when you were a contract worker.

This just tells me that not everything is as it seems. You certainly have more responsibility sitting on your shoulders going from contract to full-time.

It is understandable but at the same time deceiving. I’m loving the new role though.

Things might get hectic on the blog until I’m sorted out because I just can’t be everywhere but I’m doing my best.

As mentioned I hired a new designer for the blog and any suggestions are welcome.

Please don’t wait to step up and speak as I can’t go back and make large changes to design and layout once it’s done.

What’s missing from CBB that you’d like to see?

That’s all for now everyone!!

Happy Long Weekend and embrace Autumn as it feels like it is already upon us.


CBB Published Posts


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

If you would like to share a story via a Fan Question please ensure that there are a minimum of 500 words and lots of details…we love details!

Contact me for more info at canadianbudgetbinder@yahoo.ca or you can find me on Twitter (@Canadianbudgetb), Google Plus, Facebook, Tumblr, Stumble Upon, Flipboard.

Top Post This Week: How Much Should My Grocery Budget Be?

Top Finance Weekly Read

This week I had a cup of coffee reading about what frugal living expert Lauren Greutman had to say about, “Why the Starter Home Should Bother You” because we live in what was once perceived as a starter home.

Some people might never own more than a starter home but their starter is their forever.

Does size matter? Only to you and no one else.

There is something about owning a bigger home or property that motivates people to sell and buy bigger.

Then there is us who don’t care to buy a bigger house in the city just because we can.

Our starter home is just fine and more than enough room for the 3 of us for now and it’s close to our son’s soon to be school.

I agree with Lauren because the home we live in now it’s our home not just a starter home.

Great read.

Making a difference (MAD) 2017

Welcome to 2017 Making A Difference series! Join the networking movement of Personal Finance Bloggers around the world.

If you are a personal finance blogger and would like your blog to be featured simply drop me an email.

I’m currently booking October 2017-Limited spots.

Money Done Right Logo

Hello from Los Angeles!  My name is Logan Allec. 

I am a full-time accountant and part-time personal finance blogger at Money Done Right, where I teach my readers how they can reach financial independence sooner than they think. 

I am very grateful to Canadian Budget Binder for giving me this opportunity to tell its readers a bit about myself and my blog.

I am personally not financially independent—yet—but I feel that I have played my cards right by living below my means, dealing with my student loans, saving money when I can, side hustling like crazy, making smart career moves, and aggressively investing in the stock market and real estate.

And I can proudly say that as a Millennial who graduated in 2009 with $35,631 of student loan debt when the economy was in the toilet, I have been able to boost my net worth to $850,000 as of today and am on track to hit $1,000,000 by the age of 30—without a crazy high-paying job or financial assistance from anyone.

And I want to share with my readers how they can do the same.

My goal with Money Done Right is to teach people how to, well, do money right. 

This means earning, saving, and growing money so that they can reach financial independence. 

I truly believe that if my readers take just one of my earn, save, or grow recommendations every month and put it into practice over the long-term, they can retire millionaires sooner than they think.

Financial independence is about baby steps. 

It’s September right now.  Let’s say that this month a new reader commits to a new side hustle (earn money), and in October they commit to putting an extra $5 a week that they would have spent on something useless toward paying off their debt (save money), and in November they commit to putting an extra $5 a week into an investment account (grow money). 

And then they pick something new to do every month.

Those little changes add up over time and barring extreme circumstances, they are almost guaranteed to reach financial independence if they keep up these good habits. 

This is the vision I have for myself and for all of Money Done Right’s readers.

So to help my readers make positive financial changes, I craft practical articles with the top money-making, money-saving, and money-growing tips that I’ve personally used to boost my net worth and propel me on my way to financial freedom.

Thank you, CBB readers, for learning a bit about me and Money Done Right today. 

If you have any questions whatsoever, feel free to catch me at Money Done Right or just post below in the comment section, and I’ll do my best to help you along your journey and, well, do money right.

Brag Of The Week


Send me your brag to canadianbudgetbinder@yahoo.ca every brag whether posted on CBB or not gets an entry into a yearly draw for gift cards or cash!!! It’s that easy.

garage sale deals Jen last week August 2017

Hey Everyone,

My husband, I made a trip out this morning to hit some garage sales while the kids were staying over at my parent’s house. Outdoor Christmas decorations, 12 rolls of scotch tape, 200 zip-lock bags, Crayola twist-able pencil crayons

$13 (asking was $15).

Thanks, Jen

Note: What a great score Jen as those candy cane lights are expensive once the holiday sales start.

CBB Words of Wisdom


You ARE worth it.

Top Chef Recipe Pick

pecan pie cheesecake

Shauna and Stephanie at The Best Blog Recipes has the perfect Fall cheesecake that I just had to share.

They share a Pecan Pie Cheesecake drizzled with caramel that I can’t stop staring at.

I love making cheesecake and find it a fun process because it’s not hard at all just a bit time-consuming but the results are worth it.

What is your favourite kind of cheesecake? Mine is a classic cherry cheesecake and most likely this gorgeous beauty right here.

Check out the recipe and give the ladies a high-five from Mr.CBB.

DIY Weekly


Stephanie Cornwall over at Making Of A Mom created this inexpensive fun Halloween spider craft to do with the kids during craft time. Stop into your local Dollar store and pick up what you need for this fun Spider made from Popsicle sticks, craft glue, paint, pom-pom, and eyeballs.

We made this with our son this week and he had a blast. 

Also, we plan to make a few more to decorate for Halloween as he is pumped and ready for trick-or-treating already.

What other cool kids crafts have you tried for Halloween?

Saturday Search Term Giggles

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

Every week I get tens of thousands of people visit Canadian Budget Binder because they did a search online and found my blog. (SIC) means I’ve copied the text exactly and it has spelling errors.

Most times funny, Sometimes serious.

  1. Who is that lady to get you out of debt?– I can assure you it’s not me… I’m Mr.CBB.
  2. Boona Tomato Salad– Now I have to go look this up because it’s not on my blog
  3. My wife is out all the time and spends– Maybe you should talk to a relationship guru and not a financial expert.
  4. How addictive is oxycocet?– Oh I’d say it’s addictive.
  5. Are Canadian groceries cheap? – Since when were groceries ever cheap for anyone?

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


Don’t forget to Follow me on Social Media and Subscribe to the blog.

Hey…if you see any mistakes let me know. I’m not an editor just a guy who likes to write and yes I make mistakes.











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  1. Super savers strategies-
    1. doing a budget and tracking expenses! It really opened my eyes to where all the money went and how much in a month went to non-essentials or things that just didn’t give me joy.
    2.Focusing on my goals (both money and life goals) really motivated me eliminate needless expenses. Once I determined what I really valued, there was no more struggle over random spending (a coffee out, a new dress, whatever). I wanted these bigger goals than some random thing.
    3. Saving challenges- the 52 week saving challenge helped kickstart an emergency fund for me at a time when I had a ton of debt and no savings. Every week I tried to come with some savings out of my weekly budget ($2 even) and put that in a savings account. When I locked myself out of my house and had to call a locksmith, I had enough saved up to pay for it without going into more debt. That experience actually motivated me to save more because it taught me that crappy things happen but it’s easier to deal with if you have a little something saved- even if it’s only $100!

  2. Where to start? The biggest contributor to my savings has been taming the grocery budget.
    I’ve developed a new (to me) strategy to follow to keep my grocery spending down, starting today.
    Last month was a tough one, with the kids at home and tons of great saves to bulk up my pantry, which took it over the top by about 20%. The last two weeks, however, I determined that I spent 50% of the value of what I took home the first week and 45% of the value the second week. We won’t need a lot of non-perishables for some time. It bothered me, however, to blow the budget.
    This week, I worked backwards a bit. After looking through the frig, pantry, freezer, etc. and I worked up my list. I looked through Flipp, coupon sites, and scoured the weekly ads for the items on the list. From there, I broke the list into different stores and determined the amount I’d spend in each. Lastly, I took the sum-total of my weekly budget and subtracted the different stores totals (excluding taxes.) I was within .17 cents 🙂 That was a little close, so I removed some items I didn’t really need (about $10 worth). In the end, after some last minute in store deletions, I came home and…..tada! $23 under budget!!!!
    Of course, I’m pumped today. But having tried it (some might call it the zero sum budget style), I’m sure I can work within my budget this month. I’m determined.

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