Finance | The Saturday Weekly Review

How We Stay Disciplined With Our Money : The Saturday Weekend Review #306

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financial discipline

Becoming Self-Disciplined Is The Hardest Part Of Finance

You get what you plan for especially when you stay disciplined while managing your financial path.

As a money manager you own this role not just for a day, a week, a month or a year, but forever.

Saving wealth, building wealth, and maintaining wealth all require actions on the part of the investor even if it’s passive.

Building Wealth From Zero

Most self-made millionaires inherited nothing and still went on to be successful and you can too.

A millionaire mark is just a bunch of zeros but doesn’t necessarily define success for everyone.

The moral of the story is that by staying disciplined it allows you to apply rules to become the success you envision.

For example, success for you may be to become debt-free and own a home with no mortgage as we have.

That’s our success and not necessarily a number such as becoming a millionaire.

Ask yourself right now, what would be your success story?

Now that you know, consider all of the ways you plan on getting and staying there so you don’t fall backward.

To do this you’ll need to write down reasonable goals by breaking them down into easy to read sections.

From there, you write your financial story even if you have to rip a page out or erase a section and start over.

Stay Consistent And You Will See Results

The only way is to stay disciplined and that’s how we maintain our debt-free status while building wealth.

Work Hard Every Day

Avoid Procrastination

Break Tasks Up

By breaking our daily tasks up and completing them one at a time it helps to keep us grounded.

We definitely can be procrastinators which can either hinder success or help you avoid a crisis.

To stay disciplined we break tasks up such as reviewing our daily expenses one day and filling in our budget binder printable sheets the next.

Believe it or not, another task we do is read finance articles and this too is a task that we schedule into our daily routine.

It’s so easy to get caught up in spending countless hours online while not being productive offline.

Shut It Down

When we are working on our finances including our budget or discussing our finances for the month we turn off life.

By this I mean no phones are on and we peel away all of the distractions that can pull us away from completing our tasks.

Staying disciplined for us means working with no television or radio in the background and all technology is turned off unless needed.

An example would be to bring up our excel monthly budget, investment portfolios, or bank summary for review.

Separate Office or Work Space

I often hear that couples argue about money more than they work together on solving their financial problems.

A suggestion we received years ago was to keep separate offices or workspaces in the house.

While sharing an office is great it often leads to frustration and slacking due to talking about random things.

When it comes to our financial chats we meet at the kitchen table as it’s a happy place for us.

Food is love and the tea kettle makes for some great coffee or tea.

This is where we discuss where we are at for the day, week, or month and our tasks to complete.

From there we retreat to our personal space and get on with the tasks or tackle them when we set a time.

This set-up has worked for us and there’s no bickering which helps us stay disciplined with our tasks.

If you don’t have an office find a small area around the house that you can convert to an office space.

All you need is a small table, chair, lamp and wall outlet for a computer if you’re using one.

Stay Disciplined By Cutting Expenses

Keeping the big expenses low and the little expenses even lower are how we stay consistent with our finances.

We’ve learned that we can’t flip flop around our budget if we want to continue to build our wealth.

Often what happens is that once people become debt-free or pay off a debt they become too relaxed and fall back into bad habits.

We aim to avoid this but like everyone we’re human and make mistakes, but we work hard to learn from them.

Brand Names

You don’t have to buy brand names to get good quality especially when more no-name products are from a brand.

I’ve worked in the food industry back in the UK at a meat packer and it’s amazing how prices differ based on where products are going.

Another example I recently found was a big no-name 5L tub of ice-cream at Food Basics made by Chapman’s ice-cream.

I only noticed the brand name on the small print label inside of the freezer yet a 2L name brand tub costs $4.99.


We’ve reduced our shopping to only going when we need to which helps avoid extra expenses.

Stay Disciplined Eating At Home

At our house, we hardly eat out as we prefer to prepare homemade meals because we enjoy cooking.

We also enjoy the money savings we get by having the ability to choose our groceries and prepare them.


Finally, about two months ago we got rid of our cable which saved us over $800 a year.

This was part of our stay disciplined plan of action that we procrastinated over for years but finally did it.

Next, we are cutting the cord on the home phone as I’ll be getting a cell phone for work adding an extra budget expense.

In one door out the other. See what I mean and why it’s so important to plan.

Subscriptions and Apps

Subscribing to gaming, magazines, phone apps, and other monthly or yearly costs to join an online club is a waste of money unless it’s a resource.

Coffee Time

Another huge money waster is buying coffee, tea, and other specialty drinks that you can make at home for a fraction of the price.

The issue is that we get so used to holding that paper cup that it becomes routine for some people.

Stopping by on the way to work, after work, or when out shopping can become a big pocket crunch.


Our grocery budget has been a tad on the fritz lately with Covid-19 but hopefully, we can get back to some normalcy soon.

It’s not so much the planning that’s tough it’s the execution and although we can order groceries online often they are out of stock.

We just find it easier if one of us goes into the grocery store however browsing is limited as anxiety and tensions are high.

Talks about our grocery expenses have increased as we plan to continue fighting the increase with our plan of action.

How are you staying on course with your grocery budget?


One of the biggest expenses next to gas and any monthly loan payments for a vehicle is maintenance.

Luckily we saved cash to pay for our truck which ran us just over $45,000.

It was a used truck that was new and with proper care, it can last us the next 15 years or more.

Procrastination again is what gets the best of many people who don’t perform regular maintenance.

Tasks such as regular oil changes and even a simple cleaning of the vehicle are vital.

If you want to keep costs low then put a bit of elbow grease into your investments even if they are depreciating.

Costly Habits

Thankfully we quit smoking in 2012 so we could get rid of the unhealthy and costly habits that threatened our goals.

Knowing that one or both of us could die from smoking and the costs was enough to push us over the edge.

Becoming self-disciplined also means doing things you’d rather not but know you should.

Perhaps you drink a case of beer a week or shop at the mall or pharmacy a bit too often.

These are habits that won’t stop until you put the brakes on them.

Self-discipline goes a long way in saving you money as we’ve learned even if you do have an adult allowance as we do.

Investing Is The Key To Wealth Building

If you want to be successful in life go to the right people who have already achieved success to mentor you.

Listening to advice from your neighbour, friends, family, or wanna-be is not how you will reach your goals.

Investing in yourself also means taking the time to find the right people to learn from or to get the job done.

For example, if you are sick you go to the doctor for help to get well.

If you need legal help you go to a lawyer or if you have an emergency you call the paramedics or the police.

My point is that to stay disciplined with your money you need to continually motivate yourself.

Even after paying off our debt, we continue to pay ourselves first with a zero-based budget and invest in our future.

Stay away from negativity and focus on what you can change.

Stay Disciplined or Stay Broke

The moral of the story is that we will all make mistakes in our lifetime and that’s ok, as long as we learn from them.

If you’re reading this, I hope that you become the rich you deserve.

Discussion: How do you stay disciplined with your finances?

Leave your comments or experiences below.


Blog Posts You May Have Missed

Below is a recap of the blog posts I’ve published over the past two weeks.

If you haven’t subscribed to the blog make sure to add your email to my list so you get my weekly blog posts and access to my Free Budget Resources Library.

Plus, now I also release a bi-weekly newsletter that comes straight to your email only for subscribers.

You’ll find exclusive updates about the blog and CBB home life including photos and exclusive contests.

Seasonal Frugal Recipe Box

homemade iced tea

I adore people who make all of these amazing beverages at home without resorting to mixes or sitting at a bar.

Food blogger Jee over at Oh How Civilized has this super easy recipe for Raspberry Iced Tea.

This is what life is made of and it’s full of delicious healthy fruits that you can grow in your garden.

As for the sugar you can use a sugar substitute such as Stevia or Truvia if you want the tea to be sugar-free.

Teabags are inexpensive to purchase and you can choose a brand that suits your tastes and budget.

CBB Motivational Corner

moral of the story

Again I’ve chosen a motivational quote to inspire today’s blog post which is about being disciplined with your money.

Mistakes will happen and that’s ok as long as you learn from them and that’s the moral of the story my friends.

Gardening Season 2020

Epsom Salts

If you add 1 tbsp of Epsom salt to four litres of water then spray your garden every 10 days the magnesium will help to increase the yield in your crop.

I’ve never tried this before however, I’m always interested in these types of gardening hacks to see if they work.

Home and Blog Update

Canadian Budget Binder

Home Update

CBB house

Hello everyone,

I don’t often put a photo for my home update but I wanted to show you what you’ll get behind the scenes in my bi-weekly newsletter.

During the week I’m snapping photos of our life to share with you what we do from day to day.

All you have to do is subscribe to Canadian Budget Binder and you’ll get my newsletter in your inbox when it gets published.

In the photo above is fresh homemade peach strawberry jam, an unknown bird (if you know the name please let me know in the comments below), serviceberries (I will make some jam today), and a delicious dinner I made.

BBQ lemon-dill salmon with hard-boiled eggs and a massive salad loaded with fresh vegetables and herbs.

Have you ever went to repair or renovate something at home only to open a can of worms?

Well, it happens quite often at our house and this week I spent over $500 and 3 days fixing a builder disaster. (lots of them in cookie-cutter homes like ours).

The problem is that builders get away with this stuff because it’s behind the walls and hidden so nobody sees it until it’s too late.

I’ll share more about this in next week’s newsletter.

Other than that our garden is doing very well with all of the rain we’ve been getting.

Life has revolved around family time, grocery shopping, and filling up with petrol although we did have a small family gathering last weekend.

I don’t think we realized how much we missed the simplicity of sitting around chatting with our family.

Never take that for granted.

If you’re new here leave me a comment below and tell me where you’re from and why you joined CBB.

I hope you all have a lovely two weeks until I’m back with my next update.

Don’t forget to subscribe to the blog for more in-depth behind the scenes look at our life.

Blog Update

I’ve just recently updated the welcome message for new subscribers to the blog which I’ve never done before.

The past 9 years subscribers would get a generic or slightly modified welcome to CBB but not any longer.

I’m working on personalizing CBB as much as possible since it’s a family finance blog about frugal living and all things related to a budget.

Some Canadian bloggers design their blog more on the marketing money-making side but I hope I keep transparent with all of you.

The last thing I want is to lose my readers in the midst of trying to become rich from blogging which is not my intention.

I aim to keep the blog fuelled so I can pay the business bills while earning extra cash on the side.

Blogging is not cheap when readership grows as CBB has done over the years and continues to do.

I’d love to start writing about how to start a blog if I knew you were interested.

Leave me a comment below.

I’ve also added some new printables to the parenting section on my free resources page and updated all of my printables.

Like I’ve mentioned in my newsletter I am working on a standard pdf budget binder printable that I will eventually sell for a few dollars.

I’m not taking away the free resources simply adding a far more professional version with an ebook explanation.

Other than that Sara and I have lots to do behind the scenes and hopefully you’ll like it.

If you have any cool suggestions please inbox me with them.


Reader Mailbag Series

Canadian Budget Binder

I’d love to start a reader mailbag series where you the readers send me a question and I’ll post it right here.

This will allow CBB readers to comment below to help solve your problem or give you some tips.

It can be anything from finance to gardening, relationships to parenting.

Keep your question short but with as much detail as needed to describe your problem.

If you have a photo you want me to share you can send that into my email

Perhaps you have a garden plant that needs help and wants to share a photo of the issue it’s having.

Send it to me.


Question For Mr.CBB

Dear Mr.CBB,

How do you decide which credit card to apply for?


Hi Ron,

This is a simple question and a good one because you want to apply for a credit card that fits your lifestyle.

A few things I would consider when looking to apply for a credit card would be;

  • Costs or Fees involved with owning the card
  • What am I getting out of it
  • Interest Rate
  • Income Requirements

I haven’t explored this question as a blog post but I may expand on it later on.

In short, you’ll want to write down what you want a credit card to do for you apart from allowing you to use it as cash.

For example, we just applied for the Costco MasterCard because there are no annual fees and the rewards were greater than those we’d get from our Canadian Tire MasterCard.

We pay our credit card balance off in full each month however we still look at the interest rate as you never know what could happen.

There are credit card companies that require a certain income just to apply so always read the fine print before wasting your time.

Most of the time all consumers who are interested in a new credit card want to know 4 things.

  • Can I get a credit card with a low credit score?
  • Will debt stop me from getting approved for a credit card?
  • What am I getting out of this credit card that I should apply for it?
  • Can I afford the credit card I’m applying for?

Remember that there are hundreds of credit cards you can apply for if not thousands in Canada.

Each one is unique and offers consumers something to entice them into applying.

I hope that helps a bit.

If anyone reading this has tips to add please comment below and I’ll expand this into a future blog post.


Saturday Search Term Giggles

kermit the frog

These are keywords that readers typed into their search engine and landed on this blog.

I get thousands of these every single day and pick some of the best to feature right here.

  • Best Grocery Store Brands In Canada – Oh, this would be a fun post to do.
  • When is the best time of day to eat keto bread or buns? – While you’re sleeping. Ha! Just eat it.
  • Supermarket Strategy – Mine is to not get lost. Ha!!
  • Cost for disposal of dog – Now that sounds insensitive and heartless.
  • Used Jacka$$ value – Haha, I think they meant, jackets.

That’s all for this week everyone.

I’ll see you back here in two weeks for the next edition of The Saturday Weekend Review.

Be well,

Mr.CBB x

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  1. I took over my family’s finances about a year ago. It was the best decision. My spouse and I still talk things out, especially big financial decisions; but I’ve felt so independent during the process. We both grew up in families where our fathers took care of the finances, so when we moved in together it just made sense for him to do it. We quickly learned that I knew more about saving money, investing, and credit. Switching who does the finances in the family has been good for both of us. My biggest advice would be to budget, but I agree that staying disciplined day in and day out is a big way to save. Thank you for this information!

  2. Hi
    Re the bird in your garden, I noticed the same species of bird at my bird feeder yesterday. It is some kind of nut hatch, I think. I have never seen one before but I am seeing a few different types of birds in the neighbourhood this summer. We have even had a falcon and an owl in the backyard.

  3. I took control over our spending 6 years ago.
    It was super tough to get but in from my husband. He is, to this day, super focused on the past including the numbers and debt.
    It’s well on the way to being gone, but until then I have to keep reminding him of our progress. The problem I have is he doesn’t understand numbers, doesn’t try, just stays in his frame of mind.
    My next challenge is, after the house is paid, getting him to keep working while he can. He still believes that if the house is paid, he doesn’t have to work.
    But I’ve gotten this far, not only by staying disciplined, but also by being optimistic.

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