I can’t believe we are getting ready to roll into 2021 hopefully under better circumstances than we’ve had in 2020.
Welcome to Canadian Budget Binder (CBB) one of the top Personal Finance Blogs in Canada written exclusively by me, Mr. CBB.
My name is MO but I Mr. CBB has been the name I’ve used since I started CBB back in 2012 and it’s fitting.
I’ve been having lots of fun at CBB since my humble beginnings in 2012 understanding the importance of financial education for families all over the world.
I honestly never thought anyone wanted to follow our debt story but here we are in 2019 and thousands of readers around the world visit every single day.
Day after day I read comments by my fans all over the blog and social media and respond to them as much as possible.
I learn so much from everyone and have been touched on so many levels by the gratitude of those who have succeeded in even the smallest ways.
We went from over $600,000 in debt to debt-free including our mortgage in just 5 years which may seem impressive but it came with lots of hard work, failures, and of course success.
Throughout this blog, I will explain to you exactly how we conquered debt and offer you the same finance tools we use.
Free. I don’t want your money. That’s right, I don’t want your money just your attention so you too can become debt-free.
The first thing to do is Subscribe to Canadian Budget Binder because there are over thousands of amazing articles to get you on your way.
Trust me it will be worth the read and although not every blog post will resonate with your situation.
I hope that you will take something important from each and every blog post I publish about our life and life in general.
The key to getting on track with your finances is to challenge yourself and stick to a PLAN.
At CBB we’ve got you covered and best of all I’m open to talking to you if you need guidance or someone to chat to about your debt situation.
Who is Mr.CBB?
I’m Mr.CBB a Geeky British guy who shares his inspirations with you, the fans.
I’m a real person who lives in the Greater Toronto Area who is also a husband and a dad to a spunky 5-year-old boy.
I work full-time but don’t disclose my employment due to the nature of my position.
Since I post our actual budget and our actual Net Worth Updates I choose to stay anonymous but offer my first name, MO, or to keep it simple, Mr. CBB.
I’m from the UK and a permanent resident in Canada and I love my life here in Ontario.
I bought my first house at the age of 21 then my second at the age of 24.
I’ve always been fascinated with personal finance, learning to make money and watch it grow while combating debts along the way.
Yes, we have had debt, yes the wife had OSAP and car loans that put saving money on the back burner for a while.
There was also a point in my wife’s life where she was on social assistance a.k.a Welfare just to make ends meet until she could find a job after she graduated.
Although that didn’t last long she understands the need for the government system that helps so many families in Canada.
Without welfare, she would have been on the streets but with that opportunity, she was able to secure not 1 but 3 jobs in a matter of months.
We also know what it’s like to start our lives as newlyweds whilst learning to live a new life in a brand new country.
Along the way, we had a son in which we had to tie into our hectic schedule or work, working out, blogging, cleaning, and being parents.
Life is NEVER boring when you have children.
Our Journey To Debt Freedom Explained
We saved our money from a young age and went on to have part-time and full-time jobs throughout the years into College and University.
However, we were fortunate to grow up in families who taught us the value of money and to save for what we wanted.
Sadly both of our families took two different financial journeys where my parents were successful.
Mrs. CBB’s family took financial risks which didn’t end well but in the end, they amassed enough money for retirement.
We bring to CBB values from both sides of the financial coin, the good, the bad, and the ugly.
It was important for us to learn from our experiences rather than to be bailed out all the time but that didn’t stop me from needing a loan from my mum and dad when I was 29.
We both feel teaching children about money at a young age is critical to their future.
After we were married we continued to save so we would have enough money to pay for a decent down-payment on our Canadian home.
We didn’t want to be house poor getting the giant mortgage that the bank said we could get.
Over time we continued looking for the right house to call our first home and one that didn’t break the budget so we could easily use just one income for all household expenses.
Luckily, we were able to put 32% of our mortgage as a down-payment, pay off 2 newer vehicles, and our education by living a frugal yet sensible life.
Back in 2018 I was able to buy a demo $90,000 Dodge Ram truck which I negotiated to $47,000 and paid cash for it.
It was the best feeling ever to buy new to me for almost 50% off the retail price.
Although we both went back to school in our 30’s it has taken us some time to build our careers and our salary.
In the process, we continued to live our frugal life and probably will forever because that’s what we know.
There are things that you save on and things you splurge on but planning is the number one way to go about it.
Nothing was handed to us, we worked hard even if that meant starting over while our friends were already having kids and living in their dream homes with amazing careers.
Our biggest kick-start to our debt pay-off journey was using a Budget!
With our budget success came the Canadian Budget Binder blog.
Yes, that’s right, and if you don’t think that a budget for you then you probably are reading the wrong type of blog.
I’ll tell you just how much we spent and how much we earned every month in our monthly budget update post just to prove to you that it’s possible to save and become debt-free.
Just remember that every situation is different.
Debt Free Before 40
As of June 2014, we became mortgage and debt-free under the age of 40 just five years after purchasing our home.
In the midst of this, we decided to have a baby and are now parents to a very busy little toddler whom we love very much.
Although we had the money in 2013 to pay off the mortgage we were waiting for the exchange rate in the UK to work in our favour before moving our money over.
We caught that in the nick of time thankfully not losing too much money.
Since achieving debt freedom we’ve been investing aggressively in our retirement savings, renovating, and going on holidays so far to Spain, the UK, Iceland, and hopefully across Canada soon.
In my spare time, I enjoy
- Reading Finance blogs, books, and news articles
- road trips
- renovation projects
- cooking (you can find all my recipes in the free recipe index)
- Active living
- running and meeting up with friends and family.
Life hasn’t been easy but it also hasn’t been as difficult as it could have been if we hadn’t been determined to live a frugal life so we could live a comfortable life down the road.
Balance is how we were able to get over all the bumps in the road especially when friends were buying big houses, boats and enjoying the finer things in life.
Don’t get distracted with that.
I’m here to tell you how and what we did to get where we are in hopes of inspiring others to make a change and share their voice like I am today.
Get FREE Money Saving Tools
Since 2012 I’ve been creating our family budget binder and an array of other valuable resources that have helped us continue to save money and stay organized on our journey.
I’ve always offered my work free of charge to all Canadian Budget Binder subscribers and I hope you take advantage of it just as thousands of other readers have with great success.
What is Canadian Budget Binder About?
Canadian Budget Binder (CBB) is MORE than one of those boring finance blogs that talk money all the time.
CBB is a virtual binder filled with life topics surrounding personal finance and everything in between.
If it has to do with money, we talk about it at CBB which means we talk about food, relationships, parenting, investing, mortgages, real estate, and how to make and fix stuff too.
I believe that anyone can use a budget and should if they want to get on track with their personal finances.
Often that means being handy or continuing to educate yourself about the stuff that’s going to cost you money.
For example, just because we are debt-free doesn’t mean I stop learning about how to save more money.
Finance is an ongoing process that will end when we’re gone and buried but what we leave behind is a legacy.
A legacy that we hope will continue so our future family will not have to worry about money.
Easier said than done which is why it’s always best to look after yourself and your family first.
Budgeting from A to Z on CBB
Every category in a budget represents a part of our lives so we talk about each of these categories.
As CBB continues to grow we expand topics that Canadians want to learn about as well things that have been introduced to our lives.
Since 2012, I hosted the popular Canadian Grocery Game Challenge which has seen many fans lower their grocery budget which was amazing.
The challenge ended in 2019 but you can read over 250 grocery blog posts in my Ultimate Grocery Shopping Guide.
This is your chance to take control of your spending and we’re here to help.
Check out how one couple Jen and Ken changed their life by using my budget and so can you!
If you are motivated to get out of debt and get on track financially anything is possible.
If you still don’t think it’s possible to save money and pay down debt another fan went from spending $1100 a month on groceries to $600 a month in 6 months or Tony who paid off $100,000 of debt by spending less than he earned and paid off his families debt.
Don’t give up hope!
Working together to build a place that is safe to be you is what CBB is about.
That is what sets us apart from all the rest. We care, we listen and we want to share your voice.
We don’t criticize we try to LEARN from everyone’s life experiences.
That’s CBB and we’re glad that you decided to subscribe and hang out with us.
We’ve all made mistakes in our lives and continue to make them even though we try to make positive changes.
You can fail here, but we are here to help pick each other up so you can work towards reaching your goals.
Inside Canadian Budget Binder You Will Find…
This is only a highlight of what you will find when you open Canadian Budget Binder and turn the pages;
My 10 Step Budgeting Series detailing how we designed our budget and how you too can use a budget.
- Free Money Saving Tools
- The Ultimate Grocery Shopping Guide
- Coupon Codes, Coupons, Discounts, and more
- Grocery Shopping In Canada
- Fan Success and Inspirational Stories
- Canadian Real Estate and Mortgages
- Importance of Saving and Budgeting
- Debt Reduction
- Gardening, DIY, Home Maintenance
- Frugal Tips, Handy Tips
- Book and Product Reviews
- Retirement and Investing
- Canadian Couponing 101, Coupon Match-ups
- Food and Frugal Recipes
- Relationships, Divorce, Newlyweds, Weddings, Parenting
Who is Canadian Budget Binder for?
Canadian Budget Binder is for fans of all ages from all over the world who WANT to learn about Personal Finance and living a frugal life.
Personal finance is such a broad topic so it’s nice to get the perspective of different age groups who have different life experiences.
So, please won’t you join me here and share your voice!
Let us learn from each other’s experiences so we can all make money work for us and not against us.
Don’t be shy, I’ve introduced the CBB family so go ahead and introduce who you are and tell us where you are visiting from in the comments below.
Oh, and before you go, please subscribe to the blog to get my new posts via email, and if you have any questions feel free to send me a message via the contact page.
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This costs you nothing extra but helps keep this site going.
Be assured that I only partner with brands that I trust.
I’m always grateful when you choose to use my affiliate links,
Thanks to these companies and fans like you we are able to continue running this blog.
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Man on the phone by Bruce Mars.