Canadian Budget Binder A Canadian Couple On A Financial Journey Using A Budget Sun, 25 Oct 2020 13:18:41 +0000 en-US hourly 1 Canadian Budget Binder 32 32 58272847 Quick Keto Cream of Mushroom Soup Sun, 25 Oct 2020 13:18:14 +0000 Keto Cream Of Mushroom Soup On The Table In 30 minutes This 30-minute Creamy Keto Mushroom Soup is also Gluten-Free, and Low-Carb but most of all tastes, so good. Like most people I often find myself craving comfort foods this time of year when the chill sets in. It’s the perfect hearty keto soup that... Read more

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Keto Cream Of Mushroom Soup On The Table In 30 minutes

This 30-minute Creamy Keto Mushroom Soup is also Gluten-Free, and Low-Carb but most of all tastes, so good.

Like most people I often find myself craving comfort foods this time of year when the chill sets in.

It’s the perfect hearty keto soup that is filling during the cold Fall and winter months for lunch, brunch, or dinner.

Dairy-Free Keto Cream Of Mushroom Soup Options

For a dairy-free keto cream of mushroom soup, you can substitute the cream for macadamia nut milk, oat milk, coconut milk, or almond milk.

Personally, I’d go for the coconut milk or macadamia nut milk both of which are favourites of ours.

We find that almond milk and oat milk have a strong flavour to them that distinctively change the tastes of foods.

To thicken the keto cream of mushroom soup I used a teaspoon of xanthan gum which you can buy on Amazon or at the grocery store.

Recommendations For This Keto Cream Of Mushroom Soup

  • Immersion Hand BlenderThe immersion blender is one of my prized frugal kitchen tools as I use it for so many recipes. It’s worth the investment 100%.
  • Glass Measuring Cups are great for easy measuring, hot and cold liquids, and most of all easy pouring. We have a set of 3 glass measuring cups of various sizes. Another great investment for your kitchen.
  • Soup Ladle is essential for every kitchen and will last you a lifetime.

Types Of Red Low Carb Wine

I added 2 tablespoons of a dry red wine that my father-in-law made for the traditional cream of mushroom taste.

Dry wines are acceptable on a low carb diet with many coming in at 1-2 net carbs for 5 oz according to

Here are some low-carb common dry wines (with roughly 1-2g carbs per 5oz):

  • Cabernet Sauvignon
  • Pinot Noir
  • Chardonnay
  • Sauvignon Blanc
  • Chablis
  • Zinfandel

You can leave the wine out and add 2 tablespoons of water instead if you’d prefer not to use it.

The wine adds 2.6 grams of carbohydrates to the recipe which is not much at all.

How To Make Creamy Mushroom Soup

cream of mushroom soup

The entire Keto Cream of Mushroom Soup comes together in one pot and a bowl which makes cleaning super-easy.

That’s the way I like it and it’s a quick soup recipe for those weekday nights or you can prepare and freeze it in advance.

Note: If you do use a classic blender make sure to fill it half-way and blend in batches as the soup will be hot.

Making The Broth

keto chicken bone broth soup

You can make a keto chicken bone broth as we have in the crockpot or instant pot or buy it pre-made.

We make it once a month and store it in our freezer and defrost it as needed for soup recipes.

Occasionally, on hand in our pantry, we will have organic chicken bone broth powder as well as beef bouillon cubes.

If you are eating a keto diet keep in mind the ingredients for pre-made broths in cans and boxes.

To keep the recipe vegetarian you can use vegetable scraps (we collect them in our freezer for our bone broth) and simmer in the crockpot.

This recipe calls for 4 cups or 1 litre of chicken bone broth.

Cooking The Mushrooms

I used 4lbs of white mushrooms but you can use any mushroom that you like to make keto mushroom soup.

To clean the mushrooms I peeled them but you can use a brush to clean them however I prefer to peel them.

With two tablespoons of butter melted in a pot along with 1/2 cup of chopped white onion and 2 cloves of minced garlic, I saute the mushrooms.

Then I add 1 tablespoon of Worcestershire, 1 teaspoon salt, 1 teaspoon fresh cracked black pepper, and 1 tablespoon of dry thyme.

Add the two tablespoons of dry red wine.

Once the mushrooms turn a golden colour and have softened the real magic begins to bring the keto cream of mushroom soup together.

The entire process should take 5-7 minutes.

Mushroom Substitutions

wild mushrooms Ontario

Some other types of mushrooms to substitute if you don’t care for white mushrooms might:

If you forage mushrooms this is the perfect mushroom soup recipe for your mushroom haul.

Recently we foraged shaggy mane mushrooms which we could have used if we found more than 5 of them.

This year has been slow foraging mushrooms in our area however we didn’t get out as far as we’d like to.

However, this time of year there is loads of Ontario wild edible mushrooms you can forage depending on where you live.

Also, you need to be vigilant when foraging mushrooms because they can be poisons and kill you if you aren’t mushroom educated.

Wild Mushrooms Of Ontario

Some of our favourite wild edible mushrooms in Ontario are:

  1. chicken of the woods
  2. common puffball
  3. giant puffball
  4. golden chanterelle
  5. hedgehog mushroom
  6. hen of the woods
  7. horn of plenty (aka black chanterelle, black trumpet)
  8. lion’s mane
  9. lobster mushroom
  10. oyster mushroom

Incorporating Remaining Ingredients

Mushroom soup instructions

Once the mushrooms are done go ahead and add the chicken broth and bring it to a boil.

Add 2 cups of whipping cream and stir it in followed by removing 4 ladles of the mushroom soup into a container.

Using your immersion blender on high blend the mushrooms into a creamy mushroom soup.

Add that back into the pot of remaining cut mushrooms and cream broth.

By doing this you add more creamy broth so each bowl gets equal amounts of the broth and sliced mushrooms.

Add 1 tsp of xanthan gum to the soup and mix it through and then bring it to a boil then reduce to medium for 5 minutes.

The soup will thicken in about 5 minutes however if you don’t prefer to thicken the soup you can leave the xanthan gum out. 

That’s it.

Other Keto Soup Recipes To Try

And many more keto soup and other keto recipes found on Canadian Budget Binder at The Free Recipe Depot.

How Many Carbs Are In Keto Cream Of Mushroom Soup

quick mushroom soupNutrition 5.4g carbs, 1g fibre, 195 cal per serving (6) servings so 3.4g net carbs per serving

As a side note remember that the macros may change based on the ingredients you choose to use for your recipe.

Based on that it’s a good idea to track your macros based on the products you use.

Quick Keto Cream of Mushroom Soup
Prep time

Cook time

Total time


If you're in the mood for the cream of mushroom soup this version is keto-friendly, low-carb, and gluten-free. A delicious, quick keto soup recipe that you can have ready in 30 minutes.
Recipe type: Keto Soup
Cuisine: Keto, Low-Carb, Gluten-Free
Serves: 6

  • 4lbs white mushrooms cleaned and sliced
  • 4 cups of chicken bone broth stock
  • 1 tsp salt
  • 1 tsp pepper
  • 2 tbsps butter
  • ½ cup minced white onion
  • 2 cloves minced garlic
  • 1tsp of dry thyme
  • 2 cups whipping cream
  • 2 tbsps dry red wine (optional or add water instead)
  • 1 tbsp Worchestershire
  • 1 tsp xanthan gum

  1. I used 4lbs of white mushrooms but you can use any mushroom that you like to make keto mushroom soup.
  2. To clean the mushrooms I peeled them but you can use a brush to clean them however I prefer to peel them.
  3. With two tablespoons of butter melted in a pot along with ½ cup of chopped white onion and 2 cloves of minced garlic, I saute the white sliced mushrooms.
  4. Add 1 tablespoon of Worcestershire, 1 teaspoon salt, 1 teaspoon fresh cracked black pepper, and 1 tablespoon of dry thyme.
  5. Add the two tablespoons of dry red wine.
  6. Once the mushrooms turn a golden colour and have softened the real magic begins to bring the keto cream of mushroom soup together for 5-7 minutes.
  7. Add the chicken broth and bring it to a boil.
  8. Add 2 cups of whipping cream and stir it in followed by removing 4 ladles of the mushroom soup into a container.
  9. Using your immersion blender on high blend the mushrooms into a creamy mushroom soup.
  10. Add that back into the pot of remaining cut mushrooms and cream broth.
  11. By doing this you add more creamy broth so each bowl gets equal amounts of the broth and sliced mushrooms.
  12. Add 1 tsp of xanthan gum to the soup and mix it through and then bring it to a boil then reduce to medium for 5 minutes.
  13. The soup will thicken in about 5 minutes however if you don't prefer to thicken the soup you can leave the xanthan gum out.
  14. That's it.
  15. Adjust salt and pepper as needed.
  16. Add 4oz of cream cheese if you want it even creamier.


Storing Soup Leftovers

If you make my Keto Cream Of Mushroom Soup let me know what you think about it in the comments below.

Don’t forget to rate it and feel free to share it on Pinterest, Facebook, Twitter, and Instagram.

The post Quick Keto Cream of Mushroom Soup appeared first on Canadian Budget Binder.

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Why You Must Have A Password Manager System (Free Budget Binder Printable) Thu, 22 Oct 2020 11:05:31 +0000 Locating Your Saved Password And Username With A Password Management System Your password protection policy should be that you know all of your passwords and usernames and have them stored in a safe place. Password security starts with cybersecurity which means you must be in control of how you store and manage your passwords. Whether... Read more

The post Why You Must Have A Password Manager System (Free Budget Binder Printable) appeared first on Canadian Budget Binder.

password manager

Locating Your Saved Password And Username With A Password Management System

Your password protection policy should be that you know all of your passwords and usernames and have them stored in a safe place.

Password security starts with cybersecurity which means you must be in control of how you store and manage your passwords.

Whether you are a business or are looking for personal protection you have to consider the options available to you.

Computers and technology are only going to advance and trying to remember every password and username is impossible.

Using the same username and password is a huge NO and giving your password or username to friends or family can cause problems.

The good thing about most websites today is that they offer two-factor identification.

This means they might ask you for a code they will text or email you or a code from an auto-generator app you an install on your phone.

Although this is great this post is about remembering your password and usernames and protecting them as well.

Password or Username Recovery

How many times have you had to reset your Instagram Password?

Honestly, the last thing you want to do is continue having to click on recover account for your favorite websites or social media.

I’ve been through that SO MANY times over the years that early this year I gave up and purchased a password manager app from the Google Play Store.

However, that’s not enough which is why we went a step further with a budget binder printable, “Password Keeper Manager“.

There are many reasons why you’d want to protect your passwords but even more to remember them.

Below I will talk to you about;

  • Importance of a password keeper manager -app, printable or online document
  • Where to store your password keeper printable
  • Review of Keeper Password Manager App (we use this)

Value Of Creating or Purchasing A Password Keeper Manager

Free Password Manager printable

There a few valuable reasons why creating a management system for your personal information should be important to everyone.

Whether you choose to go the free route or use a manager app such as Keeper you will have peace of mind.

  1. Peace of Mind
  2. Leaving Passwords and Usernames just in case you pass away or become ill and can no longer take care of your finances
  3. So you don’t tear your hair out every time you forget your username and password
  4. Protect your business and as a business owner, you shouldn’t even blink to think about purchasing a password manager app or system.

I’ll tell you a short story about a woman who wrote passwords and usernames for her accounts all over the place.

She could never remember the information but she was so unorganized that she still failed and protecting her password information.

It was every week that she had to reset her passwords to get access to her online bank account and social media.

Well, it turns out she was ill with dementia and this was the reason and nobody knew about it.

Having to recover and reset all of the passwords was a massive task for the family including visiting financial institutions.

Never say never because anything could happen and with all of the work that is left for your Power of Attorney or those left to care for you make the process easy.

You can also leave a copy of important passwords with your lawyer attached to your legal Will if you feel necessary.

Storing Your Password Keeper

executive fireproof safe

If you decide to use the Canadian Budget Binder Free printable Password Keeper Tracker you can store it in your budget binder.

I kept the printable simple just as the password apps do include the website, username, password, and date created.

There is a small note section at the bottom but that’s all you need for this type of document.

However, if you don’t feel comfortable doing so the next best thing is to purchase a fireproof safe and store the document inside.

Any time you need to get a password or username or change one you know where that document is kept.

We have a small fireproof safe that we keep all of our important documents in which includes this valuable printable.

Another option is to create an excel document and password protect with encryption.

See the link at the end of this blog post for the free budget binder printable.

Keeper Manager App Review

Keeper Security

As I mentioned we use Keeper Security to protect our passwords and stay safe online.

Keeper is the number one password manager for protecting you from cyber threats with over 10 million downloads on Google Play.

Anytime you create a new account Keeper will offer you a password, offer to store your password, or ask you if you want to fill in a stored password.

It’s great!

There is the Free option to use Keeper but we went all out after trying that for a few months.

We wanted all of the benefits that Keeper offered which I will explain below.

All of our personal and business information is kept safe on Keeper and I don’t have to memorize them ever again.

The data that you save on the Keeper app is encrypted and they alert you anytime there is a potential compromise.

This is when they might tell you to change a password for a certain website that you have saved in your password manager.

On Keeper the app allows you to keep a favourites tab so you can move websites you visit often to without having to search.

How To Create A New Record In Keeper Password Manager

Keeper new record

When you create a new record in Keeper this is what it will ask you for.

  • Title of the record: Canadian Budget Binder
  • Website Address:
  • Email or Username: Mr.CBB
  • Password: None of your beeswax haha!

Down below there is an area where you can add notes about the website.

Keeper also offers:

  • Security Audit
  • BreachWatch
  • Two-Factor Codes
  • Credit Card Storage
  • Data Vault (this is where your password info is kept)
  • 24/7 Customer Support and (exclusive training from support specialists for business owners)

You can add family members to the account as well which is great and protect your business at the same time.

Another great feature for only $12.99 billed annually is that you can add a 10gb file storage.

In the storage, you can attach files, photos, and videos that you want to protect.

One weak password can ruin your business or personal life so it’s important to keep password security.

Businesses have spent millions of dollars on data breaches and now have a password protection policy.

This is why Keeper is great for companies who want to secure your organization’s passwords.

You’ll also find that Keeper is very easy to use and navigate which makes this app tops in my book.

How much does Keeper cost?

Considering the amount of time I’ve wasted having to try and find saved passwords, creating a new password, or trying to remember an old password this app is worth every dollar.

I looked through many management apps before I decided to go with Keeper for our personal and blog password management.

Not only was the price reasonable but the customer service was excellent as was the communication from the company.

I felt these were very important to me as a business owner who has a billion passwords to remember but no longer.

There are some passwords that I allow my computer to remember but I don’t like to do that.

If for example, I leave my computer on or have to send it for repairs you now have given someone access to important information.

You can’t trust anyone.

Keeper Costs

Keeper Personal, Family, and Business costs all differ and come with bundle options.

Pricing is subject to change once this blog post is published but you can research each bundle at the Keeper website.


  • Keeper Max Bundle: $6.01 per month or $72.22 USD billed annually
  • Password Manager: $2.91 per month or $34.99 USD billed annually
  • Keeper Plus Bundle: $4.87 per month or $58.47 USD billed annually

There are also powerful add-on’s that you can order for each of these bundles.


If you are a student Keeper will offer you 50% off which is awesome!

Keeper student 50% discount


  • Family Max Bundle: $12.39 per month or $148.72 USD billed annually
  • Keeper Family Password Manager: $6.24 per month or $74.99 USD billed annually
  • The Keeper Family Plus Bundle: $8.62 per month or $103.48 USD billed annually


  • Keeper Business $3.75 USD per month, per user $45 billed annually
  • The Keeper Enterprise: $5.00 per user, per month $60 billed annually

There are also powerful add-ons for business owners which you can research at the Keeper Website.

Final Thoughts

I’ve always been the guy who made sure there was a PLAN B just in case something were to happen.

This is why we created the budget binder printable “Password Keeper Tracker” and store it in our fireproof safe.

Whatever option you choose make it one that you won’t look back and regret someday.

Remember those you might leave behind and the importance of them knowing all the details needed for passwords and usernames.

Download the Free Canadian Budget Binder Password Keeper Tracker here.

Discussion: What type of personal information management system do you use? Leave me your comments and feedback below.


The post Why You Must Have A Password Manager System (Free Budget Binder Printable) appeared first on Canadian Budget Binder.

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How To Create Your Retirement Checklist (Before You Retire) Tue, 20 Oct 2020 13:54:01 +0000 Plan Today For The Life You Want To Live Tomorrow Preparing a Retirement Checklist ahead of your retirement will be one of the smartest steps next to investing. Having a plan in place today will help you in the future in the event of an emergency or life crisis. Aging in place allows seniors to... Read more

The post How To Create Your Retirement Checklist (Before You Retire) appeared first on Canadian Budget Binder.

retirement planning

Plan Today For The Life You Want To Live Tomorrow

Preparing a Retirement Checklist ahead of your retirement will be one of the smartest steps next to investing.

Having a plan in place today will help you in the future in the event of an emergency or life crisis.

Aging in place allows seniors to stay at home while utilizing various community and government services along the way.

Canadian seniors would rather live in their own homes during their retirement years although this doesn’t always happen.

To allow yourself the best possible retirement it’s important to know what you are stepping into before you get off the bus.

By this I mean have you investigated your retirement and have you crossed all your T’s and dotted all of your I’s.

Trust me when I say that it can be a hell of a ride if you haven’t and the last thing you want after retirement is to deal with red tape.

I’m far from my retirement but having just gone through 3 years of dealing with death, illness, and retirement I’ve learned quite a bit.

To be honest, it was a blessing because now we know what to expect and the relevance of a retirement checklist.

Age To Start Planning Your Retirement Checklist

As you will read further down our retirement financial checklist starts as early as our first investment.

The moment you have assets, investments, or perhaps children you should start thinking about tomorrow.

It’s not uncommon for people to get a life insurance policy at a young age either.

So you see even without thinking ahead too far we start the retirement checklist far in advance.

How far you take the retirement checklist is up to you.

Both Mrs. CBB is in our mid-40’s now and have already been plowing through the retirement checklist.

There are questions we still cannot answer however for a majority of them we feel confident that we have a plan in place.

The next step for us is to update our Will which we need to investigate and I’ll report back on that process once it’s complete.

My answer to this question is to start before you retire and not after retirement when you should be enjoying your days.

Retirement Is A Whole New World

Retirement is like a whole new world that we have to learn from scratch sort of like going to school for the first time.

If you’re working you say goodbye to your co-workers to start an adventure outside of 9-5 living.

As Canadians, we are so conditioned to save for our retirement that it becomes part of our budget, as it should be.

Above and beyond saving money for retirement living comes the planning about how to execute retirement.

Below are many of the topics I will discuss in today’s blog post not only to educate but to remind everyone of the importance of tomorrow.

Questions To Consider For Your Retirement Checklist

What kind of retirement lifestyle do I/We want to live?

Consider what you want to do during your retirement years whether it’s completing a bucket list, travelling, visiting relatives, etc.

All of these cost money and travel insurance if you plan on leaving the province or country.

Find out from your insurance company how travel insurance will be affected by age or illness.

Should I create an asset inventory?

Absolutely, and I believe everyone should have an asset inventory from financial to stuff such as vehicles, furniture, valuables, etc.

If there is a fire in your home this asset inventory will come in handy when filing your insurance claim.

When you plan to move it will help you to know what you have in your home and garage for selling purposes.

Leaving an asset inventory behind also alerts your power of attorney (POA) to what you have and where it is located.

Credit Card Tracking, Loans and Debts

Do I have a list of credit cards and loans in my name?

Yes, always keep a running list of the credit cards, loans, and debts you owe.

You’ll want to include numbers and any pertinent information that would help you or your POA in the event you are unable to care for your finances.

Related: Free Budget Binder Printables – Checklist for Credit Card Tracking

Password Storage Options

Keeper Security

Where do I store all of my passwords?

You can write your passwords in a book and store it in a fireproof safe or you can purchase an online app which is what we do.

I use the app Keeper to protect my passwords and stay safe online so I never have to worry.

Retiring With Debt

How much debt will I/we have when I retire?

Hopefully, you’ll have zero debt but for many Canadians, this is not the case.

While you can pay off debt as aggressively as you can so you have little when you do retire.

When should I/we retire?

In Canada, most people will retire at 65 although you don’t have to. Retirement age depends on whether you want to stop working or not.

Your health and that of a loved one may factor into your decision to continue working as would your financial situation.

Emergency Savings For Seniors

Should I/we still have an emergency savings fund when I/we retire?

YES. Always have an emergency savings fund.

Keep or Sell Vehicle

Will I/we need my vehicle when I retire or should I/we sell it?

This is a great question to consider. The costs of owning and maintaining a vehicle may not be in your budget.

Declining health may also put a stop to using a vehicle so it’s important to learn about transportation services in your area.

Transportation Services In Your Area

What transportation services are available for seniors in our community?

Almost every community has a city bus service, taxis, and services for seniors. Also, community churches may offer services as well through volunteers.

Community Seniors Programs

Are there any seniors programs we can get involved with and where are they located?

Get in touch with senior community services or your local city hall to direct you to programs in your area.

How much money do I need when I/we retire?

Once you create a budget for your retirement you’ll know how much you’ll need to fund the basics of living.

Factor in anything extra you want to do such as travelling, eating out more, and so forth to understand the depths of retirement money that you’ll need.

Should I/we create a retirement budget?

Yes, I believe at every stage of life we should have a budget to understand where our money is going and how much money we need to survive.

How will I/we protect ourselves from fraud?

Get in touch with local authorities to ask them about any type of fraud program for seniors that you can get involved with.

You might also talk with friends, family, and your children about how you can be protected from fraud.

For instance, if someone tells you to pay a large amount of money don’t do it until you talk to your trusted POA, or family.

Always review your credit report and credit score annually or purchase a monthly report.

Use security software on your computer to make sure you keep scammers and viruses away.

Never send money or pay for something you are not sure of. You won’t go to jail. Don’t listen to those phone scam liars.

Get your Free Credit Score and $1 Credit Report Now!

How might our eating habits change?

As we age we tend to eat less but you may want to explore different types of foods that you may not have afforded before.

Your grocery budget is variable so you can play around with it based on your eating habits when you retire.

Grocery Shopping Services For Seniors

Are there local grocery shopping services to assist with shopping?

Almost every community has someone who runs a grocery shopping service for seniors.

If grocery shopping is difficult and you still own a vehicle you could order groceries online and pick them up or have them delivered by the grocery store.

Related: Is Online Grocery Pickup Worth it?

Available Canadian Tax Credits For Seniors

Are there any tax credits that I/we may be eligible for?

Yes, there are many tax credits for Canadian seniors to look into and take advantage of come tax season.

Here are just a few you can claim:

  1. Canada Caregiver Credit: For your spouse or common-law partner, you may be entitled to claim an amount of $2,230 in the calculation. You could also claim an amount up to a maximum of $7,140.
  2. Pension Income: You may be able to claim up to $2,000 if you reported eligible pension, superannuation, or annuity payments
  3. Medical Expenses: Medical Expenses You Can Claim On Your Income Tax

Financial Advisor and Insurance Reviews

When was the last time you met with your insurance and financial advisor? (learn how to withdraw funds from your investments)

We meet with our financial advisor once a year to discuss how things are going with our investments.

Just last year we met with his team and they put together a full summary and financial plan for us based on today’s numbers.

The idea of the session was to allow us insight into how much money we could have when we come to retire at age 60, 65, or 70.

It was quite comprehensive including our current financial health based on our investment strategy.

I’d suggest talking to your advisor every year and not waiting until the year you want to retire.

What service people do I/we need to talk to before I retire?

You should decide what you want to ask these people before you set up a meeting.

When you call them you could ask if it were possible to come in and chat about retirement and how it might affect your services. (if at all).

  • Financial Advisor to advise them you are retiring and the next steps
  • Employer to let them know you’re retiring
  • Lawyer to Review Your Estate Plan
  • Bank to Review Your Banking Services, loans, credit cards
  • Power of Attorney to discuss anything of importance
  • Pension Plan Advisors or holders to discuss your work pension or other pensions

Owning A Fireproof Safe

Should I/we purchase a fire-proof safe for important documents and assets?

Yes, I think everyone should own a fireproof safe to house documents of importance such as a Will, Power of Attorney, money, jewellery, or other important items.

Estate Planning Retirement Checklist

Have I/we created a Will and Power Of Attorney? Where is your copy of the power of attorney kept?

If you are near retirement and have not created an Estate Plan I would suggest doing so.

There are many ways you can create a Will from doing it online to investing in a lawyer to help draw up your Will and Power of Attorney.

Keep a copy in your fireproof safe and the lawyer should do the same at their office if you hired one to draw up your Will.

Can I/we take the Canada Pension Plan Early?

Yes, in Canada you can take your CPP as early as age 60.

The standard age to start the pension is 65. However, you can start receiving it as early as age 60 or as late as age 70.

If you start receiving your pension earlier, the monthly amount you’ll receive will be smaller. If you decide to start later, you’ll receive a larger monthly amount.

There’s no benefit to wait after age 70 to start receiving the pension. The maximum monthly amount you can receive is reached when you turn 70. – Canada Pension Plan

Are all of my banking needs automated including government?

This is something that I feel is important especially when it comes to any banking, government cheques, or bills you have to pay.

As long as you make sure the money is in the bank account where the bills will be debited all you need to do is review them for accuracy.

When cheques are deposited directly into your bank account it saves you time and gas money going to the bank.

Also, these days you can do mobile deposits with your smartphone if you can understand the process. It’s pretty simple though.

Am I/we allowed to work after age 65?

Yes, you can work after the age of 65 in Canada but will still pay into your Canada Pension Plan. You can also work while you are collecting a pension in Canada.

Your CPP contributions will go toward post-retirement benefits. These benefits will increase your retirement income when you stop working.

Would pension income splitting help lower your taxes?

Pension income splitting can help lower your taxes it also allows a spouse to give up to 50% of their eligible pension income to their spouse for tax purposes only.  – source Retire Happy

Where will I/we live when I retire and the costs involved? Downsize? Condo? Rent?

Again, these are considerations to talk about so you have a better idea of what type of dwelling you’d like to live in and at what age.

The costs and maintenance of each should be of particular relevance to the topic of discussion.

Long-Term Care Planning

What retirement living home or long-term care facility might you prefer?

If you plan to retire in the city you are currently living then tour the different retirement facilities.

Sometimes it’s nice to know where you are headed or have an idea of where you plan to apply for residency in the event you need to go.

You don’t always have to be sick to go into a retirement villa but for long-term care, this is different but worth the tour and discussion.

Adaptive Clothing For Long-Term Care and Seniors

You might think it’s strange to consider the costs before you retire for adaptive clothing and accessories but trust me, you’ll need it.

We use Silverts for all of my mother-in-law’s needs and they deliver straight to the LTC home.

Free Shipping over $100 anywhere in Canada. *not an affiliate link

This company is amazing and has just about everything you need for your loved one in long-term care or retirement living.

You’ll find the prices are excellent and you won’t find anything cheaper in the stores or online.

You can also ship your order directly to a senior’s home in Canada which is great if you don’t live in the same city.

Should I/we sell my house before I retire?

This is the big question everyone wants to know and the answer depends on what you want from your retirement.

Also, where will you plan to live once you sell?

Can you downsize and buy a smaller living space?

By doing so you can invest or save any equity from your home that you don’t put into the smaller home.

Where do I/we want to live when we retire?

You may want to leave the community you are currently living in and move across the province.

This is another important topic to discuss and perhaps plan far in advance if you are moving out of the city.

It may be smart to get in touch with a real estate agent if needed to help you find a new home or accommodations in your new chosen city.

How will I/we maintain our home during our retirement years?

Do you have the extra money to pay for services to keep your house maintained if you or your spouse are unable to?

Find out the pricing for these services when creating your retirement budget.

Keep in mind prices are always going to change but it’s nice to have an idea of where your money will be going.

If you feel that you cannot maintain your home perhaps it’s time to downsize or consider other community services.

Should I/we invest in a home security system for protection?

This is not a bad idea at all and today there are so many types of security systems on the market for sale.

We invested in an Arlo Pro security camera system for my mother-in-law’s home 2 years ago.

Also, just so we didn’t have to worry about recharging the batteries we spent the extra money to purchase Arlo solar panels.

The solar panels would charge the camera batteries all year even through the winter months without issue.

It has been amazing and I would recommend it to anyone who wants to protect their home.

We were able to watch her home 24/7 via the app on our smartphone which gave her and our peace of mind.

You can also install the Arlo Pro inside of the home to monitor what is going on if a loved one is ill or needs watching over.

When should I/we start to downsize what we own?

I always say that we should downsize as we go along.

By that I mean if you don’t use something for 6 months and it holds no significant value to you then get rid of it.

As for large pieces of furniture get rid of what you don’t need closer to retirement or whenever you feel comfortable doing so.

You can donate the furniture or perhaps give it to your family if it holds significant meaning to you and them.

For example, we have pieces from my wife’s grandmother’s tea cart that we keep in our china cabinet.

How do I/we invest the money earned from my house sale after I retire?

This is a very good question and another reason why you should meet with your financial advisor ahead of time.

There’s no reason that you must wait until you are close to retirement to ask him or her this question.

It will give them an idea of where you plan to put your money as well you will know what would work best for your money.

You want to keep it somewhere safe that will give you the best returns available for the lowest amount of cost.

What happens if I lose my financial independence before or after I/we retire?

Can I/we afford a caregiver?

Caregivers do not come cheap and if you have income saved you may not qualify for any type of government assistance.

If you are low-income there are community services that may send in a PSW or nurse if needed but there’s a process you need to go through.

It’s always smart to contact your local health integration networks for those of you living at home that is in need.

Local Health Integration Networks arrange all government-funded services for people living at home.

LHINs are responsible for deciding who receives care, the level of care you need and for how long.

These services used to be provided through Community Care Access Centres – or CCACs. – Ontario Home Care 

Central West Local Health Integration Networks (LIHN)

Home Care For Seniors- British Columbia

Home care includes a range of services, such as home support, that help clients remain independent and in their own home as long as possible.

Home support services are provided by community health workers to clients who require personal assistance with activities of daily living, such as:

  • mobilization
  • nutrition
  • lifts and transfers
  • bathing
  • cueing, and
  • grooming and toileting.

Spouse Death Or Health Problems

How will my life change if my spouse passes away or is put into a retirement home or long-term care?

Another great topic to chat with your spouse about ahead of time because you never know what can happen.

Perhaps you could move into a retirement villa together or if your loved one must go into long-term care you’ll need to either live at home or find a smaller accommodation.

Moving in with family is another option that many seniors consider if available to them.

Retirement Discussions

Do I/we have family or children I/we need to sit down and discuss anything with? What questions will I/we ask and what will I/we discuss?

I would sit with your children and the power of attorney to discuss with them everything they need to know before you retire and in the event, you find out you are sick with a life-long illness.

Again, this all depends on your family dynamics as not all families get along together.

Perhaps, create a list of questions you may want to ask them or tell them about and have them write down the answers for reference.

If you already have a Will prepared the power of attorney should already have all the information they need unless there’s more you need to tell them in person.

Your Retirement Path Can Change At Any Moment

senior cooking

While it looks like there are quite a few questions without answers they are all very important.

You may even have more questions when creating your retirement checklist because our lives are different.

I want you to know that if you haven’t been through the process of dealing with any of the above you’ll thank yourself.

You might even remember reading this blog post down the road and happy that you moved forward with a retirement checklist.

Thinking about your future today will give you greater control over your decisions when the time is right.

Aging in peace without the stress of worrying about not being prepared is a gift you can give yourself by preparing today.

You can download a retirement checklist prepared by the Forum of Federal and Provincial-Territorial Ministers responsible for seniors here.

Seniors_EN-final_version retirement checklist

Relevant Blog Posts To Consider Reading

senior delivery

  1. How Canadian Seniors Can Earn Extra Money
  2. Yearly Banking Fees These Seniors Could Have Avoided
  3. Fixed Income Seniors Struggle To Learn How To Budget
  4. Grocery Shopping For Seniors
  5. 10 Debt-Free Living Tips To Consider Before Retirement
  6. 5 Simple Rules To Get You Retirement Ready
  7. 6 Retirement Concerns We’re Thinking About Today
  8. Retirement Income Sources In Canada
  9. How To Estimate And Plan Your Canadian Retirement Budget
  10. What Does Your Retirement Lifestyle Plan Look Like
  11. Why This Senior Doesn’t Care If He’s Retirement Poor
  12. How Much Should My Retirement Food Budget Be?
  13. Top 6 Retirement Mistakes To Avoid
  14. What To Expect With Little To No Retirement Savings
  15. What Should Your Retirement Savings Plan Look Like?
  16. Savings Tips Learned From My Grandma
  17. Is It Better To Buy Life Insurance  or Fund Your Retirement
  18. Senior Shares Trick To Save Money For Retirement
  19. Saving For Retirement On A Lower Income
  20. Happy Couple Puts Retirement On Hold Until Son Moves Out
  21. Do You Expect To Get A Retirement Farewell Party?
  22. A Beginner’s Guide To Early Retirement
  23. How To Stop Lifestyle Inflation From Gobbling Up Your Wealth
  24. The Ultimate Guide For Planning Ahead Your Death
  25. How To Build Generational Wealth

I know I’ve given you lots to think about but rest assured you’ll be thankful that you took the time to read this.

Anything you can do in advance of your retirement years will be considered another task ticked off your retirement checklist.

Make retirement a time to enjoy not to stress about money and the unknown.


Discussion: What else should seniors consider adding to their retirement checklist? What is something you wish you should have done before you retired?

Leave me your comments below as I’d love to hear your feedback and experiences.

The post How To Create Your Retirement Checklist (Before You Retire) appeared first on Canadian Budget Binder.

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Best Stores To Find Toilet Paper In Canada : The Saturday Weekend Review #314 Sat, 17 Oct 2020 12:49:03 +0000 How To Keep Your Butt Clean And Your Finances Cleaner Out of all the things in this world toilet paper seems to top the list of importance any time something happens. I’m not shocked there is a toilet paper shortage happening again because social media has driven marketing in that direction. How many of you... Read more

The post Best Stores To Find Toilet Paper In Canada : The Saturday Weekend Review #314 appeared first on Canadian Budget Binder.

toilet paper shortage Canada

How To Keep Your Butt Clean And Your Finances Cleaner

Out of all the things in this world toilet paper seems to top the list of importance any time something happens.

I’m not shocked there is a toilet paper shortage happening again because social media has driven marketing in that direction.

How many of you who work at stores that carry toilet paper pray that you’re not put on toilet paper duty?

People are getting up early to line up outside of grocery stores before they open just to get their hands on toilet paper.

I haven’t even had my first coffee of the day and some people lost sleep over getting up early to buy toilet paper.

Toilet Paper. Let that sink in.


I admit I LOVE the perseverance, motivation and problem-solving people have when it comes to toilet paper.

If only we could apply these skills to our financial life and focus on letting unintentional stress float by.

Empty Shelves Of Toilet Paper

Once the word got out about Covid-19 Canadians went wild stocking up on toilet paper leaving shelves empty across the country.

I don’t want that to happen to you so I’ve come up with the best stores in Canada to find toilet paper for the best prices.

In all fairness, if we’re going to be stuck at home for any length of time toilet paper will come in handy but there are alternatives.

I’ll touch on those as well for the shoppers who miss out on the trunkload toilet paper hoard because there just isn’t any available.

What’s even more shocking is that it’s not just toilet paper it’s paper towel which is in even higher demand.

Major Canadian manufacturers are warning us that inventory is “very tight” for paper towels.

I don’t get it and perhaps I’m missing some crucial piece to this puzzle.

Toilet Paper Stash For Life Or To Save A Life

Luckily for us 10 years ago we were extreme couponers and there was this coupon for $1 off any Majesta toilet paper.

Back in the day, the 4 pack of Majesta toilet paper was only $1 so we were trading coupons and stocking up every week.

In total, we had over 100 packages of Majesta toilet paper and countless other brands we stocked up on with coupons, sales, and rewards.

We were the toilet paper extremists and not because there was a pandemic but because it was free and free is good.

For some bizarre reason we hardly used those 4 packs of Majesta as if they were back-up emergency rolls, but for what?

If we ran out of course.

When Toilet Paper Becomes The Centre Of Our Universe

Those packs of Majesta toilet paper have taken on a new role (no pun intended) through the Covid-19 economic crisis.

We just stare at them and wonder why on earth anyone would want to stock up on toilet paper.

For 10 years we have had this stash of toilet paper without any major issues purchasing it from the shops.

All of a sudden the pandemic sets in and of all things toilet paper is flying off the shelves and we had to dip into our stash.

It boggles our minds why something such as toilet paper is at the forefront of all necessities of human life.

Stores Stocked Up On Toilet Paper – Inside Information

TP shortage

Sources: Facebook Costco Canada Group

Not a day goes by that I don’t see people posting on Facebook asking if certain stores have toilet paper available. (mainly Costco)

Stores have even had to put limits on how many packages of toilet paper or paper towels that someone can buy.

That still doesn’t stop people who continue to go in and out of stores to get what they think they need. 

Some people get no toilet paper and are begging for someone to extend a roll or two.

Our lives are in a state of uncertainty where the focus should be on saving money, earning more money, networking, and building skills.

People are losing their jobs because businesses can’t sustain the financial losses due to Covid and shelves of toilet paper are empty.

Not rice, milk, beans, eggs but toilet paper. That’s the emergency we are causing in the midst of this economic crisis ourselves. 

Financial Impact Of The Covid-19 Pandemic and Toilet Paper

kirkland toilet paper shortage

We have one friend who lost 5 jobs in the entertainment and dining industry because of Covid and struggling.

She’s since found a job working for just over $20 in Toronto but the income won’t pay her bills.

We talked about diversifying skills and finding employment in different industries if part-time is only available.

That’s the types of conversations we’ve been having around Covid and the financial impact it has had on her life.

As she’s working on building her work hours by adding additional employment to her day toilet paper shelves are bare.

I had to stop and wonder if our priorities are on our backside or in our heads where it should be because we’re losing a battle.

As toilet paper manufacturers restock the grocery store shelves, people are dying, losing their jobs, and can’t pay the bills.

Stop Following What Everyone Else Is Doing

How can Canadians shift the focus from toilet paper to focusing on important financial priorities?

It seems as soon as we get wind (no pun intended again) that there is a mass shopping craze so many people join in.

I’m still not sure what the excitement about toilet paper is all about because if my neighbour needed a roll, I’d give him one.

My point is we’re so focused on things that are so small right now when BIGGER things are happening right in front of our faces.

Sometimes it feels like stress relief tackling the easy stuff first but I can tell you that toilet paper isn’t going to solve your problems.

Toilet Paper Alternatives

If we have not run out of toilet paper in over 10 years I can promise you that you’ll be safe and besides we have options.

For those of you in doubt, let’s consider what you could do when you run out of toilet paper.

  1. Use towel or washcloth (butt) cloth, rinse and put in the wash (this is washable toilet paper)
  2. Leaves work but may feel a bit crunchy
  3. Baby wipes but don’t flush them
  4. Tissues
  5. Sanitary Napkins
  6. Shop Towels
  7. Table napkins
  8. Socks
  9. Sponges
  10. Old articles of clothing cut up
  11. Jump in the shower
  12. Water Bottle
  13. Newspaper, local flyers, junk mail
  14. Bidet

For those of you wondering what a bidet is.

A bidet is a bowl or receptacle designed to be sat on for the purpose of washing the human genitalia, perineum, inner buttocks, and anus. The modern variety includes a plumbed-in water supply and a drainage opening, and is thus a type of plumbing fixture subject to local hygiene regulations. Wikipedia

Options when you run out of money

  1. Well, you won’t find it on the grocery shelves.

The small stuff is always important but never as important as what holds the walls together.

For those of you who are struggling financially through this pandemic or even before it doesn’t jump ahead with the masses.

Find ways to save money, make money, and finding alternative ways to keep what you’ve worked hard for.

I promise you that toilet paper will not be the grand prize winner of the economic losses of this pandemic now or ever. 

We have to stop following what everyone else is doing and that’s panicking at a time we should stay focused.

Steps To Help You Forget About The Toilet Paper Pandemic

Get to know your neighbours as many will be willing to trade toilet paper for canned goods because you’ll have what they don’t.

I know my neighbour would drool at the sight of a jar of my homemade beets and gladly trade me for a few bog rolls. (that’s what we call toilet paper in the UK.)

  1. What is your current net income?
  2. How much will the bare necessities of life cost us? – What does your bare-bones budget look like?
  3. If one of us lost our job how much money would the budget be short each month?
  4. How much debt do we currently owe? ex: What Is Your Debt To Income Ratio?
  5. What can we get rid of now to save money if we are struggling? Cable? Home Phone? Internet? Hobbies?
  6. Is there anything we can sell that we never use to make money?
  7. Is there anyone that can help us if we are in an emergency financial state?
  8. How much money do we have in our savings account?
  9. Should we touch our investments if we are broke? Talk to your financial advisor ahead of time.
  10. Build that emergency savings because it will come in handier than toilet paper ever will.
  11. In the event, I/we fall ill and die do I/we have a legal will and our finances for those left behind.

Finally, stop the stress about the small stuff whether you are financially sound or struggling to figure out how to balance your budget.

Everyone needs to clean their behinds but for those of you who can’t wipe out debt not even something soft and squishy will save them.

As the saying goes, “Don’t sweat the small stuff” and to me, long lineups to clear shelves of toilet paper makes NO SENSE.

Perhaps I’m just resourceful when it comes to having a clean butt but I’d rather have a bulging bank account than a cushy roll of toilet paper.

But Mr. CBB you can balance both your bank account and buying toilet paper and still be successful.

Listen to yourselves, it’s toilet paper.


We’re all going to be alright with our butts however our finances are another story.

Now, focus on the things that are a priority in your life and you’ll see in the end that toilet paper was always the least of your worries.

No discussion unless you want to chime in. I just wanted to talk about his mad toilet paper craze when so many people

need to put food on the table and pay the bills.

Be Well,


Oh, P.S I almost forgot the icing on the cake for everyone.

Best Places To Buy Toilet Paper in Canada

Stocked Toilet Paper

Some of the top places in Canada to find great deals on toilet paper are not limited to the following list.

You see, toilet paper is everywhere and almost always goes on sale so take deep breathes and refocus.

Sometimes the media can be a terrifying trigger for people to get out and spend when they don’t need to.

If for some reason you feel that having a stockpile for 10 years as we do is comforting start little by little.

Never in my wildest dreams did I ever think I’d write about toilet paper but I one said give me an object and I’ll make a story.

I guess I wasn’t full of it but even if I was at least I’d have toilet paper to clean up the B.S.

Again, you’ll probably figure out that all you needed was a back-up pack but nothing near as important as back emergency savings.

Yes, I know protecting our health from getting Covid is essential but toilet paper is not.

I’m done now. Bathroom break. Way too many coffees this morning.

I know, TMI.

Ha, have a great Saturday everyone.

Recent Blog Posts You May Have Missed

pickled beets recipe

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

Pumpkin Pasta

I’m all for trying something new and why not Pumpkin Alfredo by the Yellow Bliss Road.

This is what creativity is all about and when I say that it applies to all facets of life.

Whether you are in the kitchen or if you run out of toilet paper what can you do to make it work?

This is a simple, frugal recipe that’s perfect for the Fall Season and definitely one I plan on trying.

Frugal Fall Tips

Fall home decor

How to Pumpkin Spice up your Fall entertaining. haha!

I just loved the title of this post so I had a look and there are some great ideas that I hope you might like.

The Design Twins shares before and after shots of a dining room where the decor is switched up for the Fall.

My favourite part was her To-Do List for Fall entertaining and the focus on the budget for each space in your house.

Get Ready for Fall Entertaining: To-Do List

  1. Identify the room(s) to update.

  2. Make a list of the things that are not currently working/things you dislike about your space.

  3. Put the items in order of priority.

  4. Create a budget for each space.

  5. Start to shop. We suggest beginning online. This will give you quick comparison ideas and prices.

  6. Make your purchases.

  7. Update your spaces and get ready for your fall entertaining fun.

If entertaining, home decor, budgeting, and pumpkin spice are up to your alley you’ll love this read with tonnes of Fall ideas.

CBB Motivational Corner

creativity quotes

Home And Blog Update

Canadian Budget Binder

Home Update and Blog Update

Like most homeowners, I’m cleaning up and getting ready for Halloween and then winter.

Winter is my least season of the year so I don’t look forward to it at all but know I have lots to get done.

What do you do around the house to get ready for winter?

Send me your tips and they may get featured on the blog.

We bought a pumpkin last week along with two baking pumpkins one of which I baked yesterday.

I’ll be making some keto cheesecake bars this afternoon and a pot of pumpkin soup.

Soccer has started up again on Saturday’s but it will be indoors.

I find keeping our son in sports helps build his confidence especially as we are still waiting for a diagnosis from his doctors.

Blog Update

On the blog, I’ve been updating recipes and blog posts mostly and trying to get my budget binder ready to showcase.

I’m creating a budget binder so I can show you all how we created ours and how it has helped us become debt-free.

Other than that, blog life is good no major disasters at the moment.

Keep on reading, stopping by, chatting, and thanks for being a fan of CBB.

Without you, there would be no Canadian Budget Binder. A safe space for Canadians to talk about their personal finance and find free resources to get them on the path to debt freedom.

Please share CBB with everyone you know.

Talk soon,

Mr.CBB x.

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.

  • Complaints of an Inaddiquit service – ok, I get it.
  • Return something used to the grocery store- just not toilet paper, ok.
  • Rich people don’t care about smartphones – well I’m sure it’s not tops on anyone’s lists of things to ‘care’ about.
  • How to write a lack of communication letter? – Hahaha, this is the best!!!

Thanks for your continued support of CBB and for listening to me ramble about our financial journey.

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

Be well,


The post Best Stores To Find Toilet Paper In Canada : The Saturday Weekend Review #314 appeared first on Canadian Budget Binder.

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No Spend Challenge Month Results : September 2020 Budget Update Thu, 15 Oct 2020 11:10:49 +0000 Motivate Yourself With A Money Challenge To Build Financial Strength Who knew that a No Spend Month Challenge would confront our financial strengths and weaknesses, but that’s what it’s all about. Our no spend challenge month in September started pretty normal but then came with mixed results. For anyone new to Canadian Budget Binder last... Read more

The post No Spend Challenge Month Results : September 2020 Budget Update appeared first on Canadian Budget Binder.

no spend challenge results

Motivate Yourself With A Money Challenge To Build Financial Strength

Who knew that a No Spend Month Challenge would confront our financial strengths and weaknesses, but that’s what it’s all about.

Our no spend challenge month in September started pretty normal but then came with mixed results.

For anyone new to Canadian Budget Binder last month, I blogged about beginning a no spend challenge month for September.

One reader mentioned that it might be a tough time to do a no spend month challenge since it was back to school.

There is much merit in what she has said and I’ll explain why shortly but I never gave much thought to the timing.

Learn From Mistakes

Initially, we walked into the no spend challenge with hesitation as I knew it would be tough as a challenge should be.

I wanted to be transparent with my readers because I’m not here to lie and tell you we did it when we did not.

We are human and make mistakes just like everyone else.

Personally, I find doing a No Spend challenge to be motivating when nobody knows about it.

That way they can’t do the, “I told you so” if you mess it up.

With the blog we are transparent so if we screw up, we screw up and that’s ok. – Mr.CBB

Also, before we started budgeting in 2012 our budgeting system was a disaster and very unorganized.

It took time for us to learn about budgeting methods and what worked for us the best.

What we learned was that a budget binder was going to help us survive to pay off debt including our mortgage.

That meant we needed to document everything we were doing and spending including creating monthly and yearly goals.

Beginning this no spend challenge month was initiated too fast although we had all of our ideas and thoughts on paper.

Even though we created a no spend challenge budget binder printables tool and believed we were armed with shields, we failed.

That’s right, we failed our no spend challenge and we’re fine with that because we knew it would be a significant challenge for us.

Let’s have a look at the areas of our budget that hit us the hardest and why we spent the money.

Problem Areas From Our No Spend Challenge

Actual Budget

Overspend Budget Categories For September


Our son has a birthday in September and we spent too much money.

This was 100% our fault however we purchased a sensory swing tree tent for his bedroom that cost us $150 plus tax.

It wasn’t in the plans but we’re waiting on diagnosis and are trying to find ways to provide him a space that works for his needs.


Then we found the sensory sock that we thought was perfect for him since he’s always trying to get into our pillowcases with his legs.

He loves the sensory sock so much that he asks to be put in it.

It helps him to regulate his body and he rolls and jumps around in it and then takes it off when he’s ready.

So, we spent more than we should have including Switch video games, a steering wheel controller, socks, underwear, and a book.

We do save for birthday’s in our projected expenses but we fell short of the amount we put aside for his birthday gifts.

On a good note, we did get 20x the Optimum points purchasing the Switch video game from Shoppers Drug Mart.


We went to Costco. That was the big problem because we tend to stock up on items so we don’t have to go back often.

This month we bought extra salami for our little guy which is pretty much all he eats as well hotdogs.

Groceries have always been our downfall especially if we have a grocery list and see deals.

Going into Costco was a big test for us and we failed but we are stocked up for next month.

At Zehrs we stocked up on bacon it was a manager sale of $1.99 for 500g of bacon and I bought 10 packs.

I honestly couldn’t resist and I was hoping we’d be under budget but we weren’t.

See, it’s SO hard.

What’s an item you wouldn’t pass up if you saw it dirt cheap and you knew you could freeze it?


As my CBB reader mentioned September would be a challenge with back-to-school clothing and supplies and it was.

A trip to Marshall’s saw us spend money on new jogging pants, socks, and t-shirts for the little guy.

The main reason was that he is so tall that his pants are too short but fit in the waist perfectly fine.

A month before school started we both thought we’d be ok but he grew and the pants started to look funny on him.

We also went to Value Village and picked up a few items including a new jacket which we should have had the strength to say NO.

He has more jackets than he already needs.

Health and Beauty

This is all Mrs. CBB haha! She purchased a Neostrata face wash and hair dye that was on sale with a coupon reg 15.99 sale $8.99 minus $2 coupon.


These were expenses that I didn’t account for such as two new charge cables for my phone and our son’s tablet along with a new case for my phone.


It seems high but we are paying out of pocket for our son’s medical expenses as they come.

We did not project for them in 2020 as we did not know.

This expense was not considered a part of the no spend month challenge as it was a necessity.

No Spend Challenge Month Tips

  • Time your no spend month so you don’t start one during a month where you know you will have to spend money
  • Talk to your partner or spouse daily and if you are single have a talk with yourself about any problems.
  • Write any thoughts or concerns along the way so you can reflect on them
  • If a no spend month challenge is too much plan for a week or two instead

No Spend Challenge Month Final Thoughts

So, what we’ve learned from this challenge is that we weren’t prepared enough.

We also needed to plan the timing better and come up with smaller wins before tackling a full no spend month.

When Mrs. CBB told me that the no spend month reminder here of intermittent fasting it made sense.

To reach longer fasting goals, she had to practice by doing one week, two weeks, and eventually 21 days of water fasting.

The point is sometimes we try to jump into challenges or new adventures headfirst without proper training or grounding.

I feel the next time we do this challenge we will start slow with one week no spend challenge with a report then two weeks and so on.

Never give up.

If you fail find a better way to reach your goals even if they are slightly different from the original plan.

Discussion: How have you successfully conquered and documented your no spend month?

Share any tips below to help us and anyone else working towards this goal.


Home Budget Income Report September 2020

family net income


Hi CBB readers,

As mentioned above you’ll see where our money went in September and how we failed the No Spend Challenge for the month.

Things happen and we move on and try again.

That’s, that.

The good news is that we bumped up our savings accounts and emergency savings this month.

We also may have some medical bills that will eat into our savings but I’ll keep you posted.

One of our bills this month was $250 for a 30-minute visit with a doctor. Ya, it’s that crazy expensive.

The best part is that we have to pay another $250 just to see him again to get the results from our son’s performance.

Ah well, sometimes there are financial happenings we can’t control and that’s prices.


Home Budget Percentages

Monthly Budget Percentage Chart

Our savings of  53.44% include investments as well as any savings for this month based on the net income of $9989.47.

We save money in our projected expenses for things that need to be paid for in the coming months.

All of the categories took 100% of our income which shows that we accounted for all of the income in September 2020.

This type of budget is a zero-based budget where all of the money has a home.

Monthly Home Budget Expenses

family net income

Below is a breakdown of our expenses which helps us to understand where all of our money goes.

  1. Chequing– This is the bank account where all of our debt gets paid from. We use Simplii Financial, TD Canada Trust, and Tangerine Bank.
  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: $6392.68
  5. Monthly Net Income Total: $9989.47
  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 = $852.91
  8. Total Expenses Paid Out: $6317.75
  9. Total Expenses Paid Out: Calculated is $9989.47 (total net monthly income) – $852.91 (projected expenses) –$2818.81 (savings to emergency fund) = $6317.75
  10. Actual Cash Savings going into Emergency Savings: Calculated is $9989.47 (total monthly net income) – $6317.75 (actual expenses paid out for the month) – $852.91 (projected expenses) = $ 2818.81

Monthly Budget and Actual Budget

Monthly Budget September

Below you will see two tables, one is our monthly budget and the other is our actual budget.

This budget represents 2 adults and a 6-year-old son, plus retirement investments.

Budget colour chart: If highlighted in blue that means it is a projected expense.   

Since May 2014 we’ve 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 financial numbers as our situations are all unique.

Spending less than we earn and budgeting has been the easiest way for us to pay down debt and save money.

Monthly Home Budget Actual Expenses

Actual Budget

2020 Home Budget Challenge

2020 Budget Challenge

September Update: We are still 2 players in for the Budget Challenge 2020.

These two budget challengers are going to ride it out until the end of 2020.

Let’s have a look at what happened with their monthly budgets in September.

Budget Challenger #1

September has been all about taking two steps forward and two steps back in terms of our finances.

I had great plans for hubby’s birthday but I ended up sick in bed for 4 days instead.

Thank goodness for grocery delivery because I was able to get him some Juicy Jumbo hot dogs, Cheesy hoagie buns and 6-inch lemon cheesecake for a few birthday treats.

He was happy with that!

This month I converted our Vistana timeshare options for the 2020 calendar year into Marriott Bonvoy points so we have more freebie travel, gift card purchases, and shopping in our future.

I love all things FREE!

Hubby had a week of vacation this month but other than a little relaxing at home, his free time was devoted to running me to assorted medical appointments & doing a little banking via the local drive-thru ATMs.

Using Gift Cards

This year I am using, rather than saving, our gift cards because you just never know which company is going to “go under” with the economic strain of the pandemic.

I would rather hang onto cash rather than some defunct gift card!

So, when I feel a little better, we will order a belated take-out birthday dinner for my hubby with one of our gift cards.

Bad news…more expensive medical costs are cropping up for me.

I expect they will wipe out all of the funds we had managed to put back into the emergency account to replace what we borrowed for the last unexpected medical expense.

So, next month we will start AGAIN to trying to replace the funds that we are now borrowing for a second time. Sigh.

See what I mean…two steps forward and two steps back?

Mr.CBB– Good point about the gift cards Mary as we have many we should probably start using up. Maybe I’ll hold some contests.

Medical costs will be going up for us as well for our little guy if we put him through that program.

We’re still waiting on the psychiatrist’s results to see what he thinks is going on.

Nothing is easy in life and these are the moments emergency savings come in handy.

People don’t often realize that we must be prepared the best we can.

Happy Birthday to L and I hope you both get to use those gift cards soon.

Budget Challenger #2

Hi Mr. CBB and all,

September was a bit of an expensive month for our family.

I was on vacation and stayed with the family during some of it which helped keep costs down from my expense budget.

Originally I had planned to go to Atlanta in October but with things the way they are that needed to be canceled.

Since we can travel within the Atlantic bubble, I decided to do a bit of traveling anywhere I hadn’t gone before.

It was nice doing a staycation but I missed being able to go where I had originally planned.

Who knows what the future holds, but it gave me a bit more money to put into savings for next year or the year after.

I’m hoping next year to meet up with a friend in Atlanta as planned, and go on a European holiday for my 40th birthday.

Let’s just wait and see if that pans out.

September Budget Breakdown

  • Transportation: 17.48%
  • Life: 42.79%
  • Savings (short term) 6.89%
  • Savings (long term) – remainder (will move it to long term savings when I know I don’t need it for anything)
  • Household: 1.68%

As you can see, life was a lot higher than normal.

Vacation Expenses

I wasn’t sure how to track my vacation, should I put the food, gas, etc in the normal categories or just put it under life since that’s how I normally count vacation.

A quick breakdown of what I spent on vacation:

  • Housing $184
  • Food $96
  • Gas $109
  • Transportation $99

I went through an Air Miles promotion to book my hotel nights and got about $35 back in nice points.

I have a ton of air miles banked up, so as mentioned before, hopefully vacationing next year will happen so I can use it towards my planned trip to Atlanta.

Not much to report this month, next month I have firewood to pay for, and then in November and December I have a ton of other things coming up for the house and car – it’s nice to be able to put savings aside as often as I can!

Mr.CBB– That’s great that you were able to get out for a little trip as we’re also needing a holiday.

I love how you used your Air Miles to cut some of the costs on your holiday as well.

Mary is the queen of saving for Air Miles and I still need to do a blog post about them but I’m not even close to understanding it all.

The post No Spend Challenge Month Results : September 2020 Budget Update appeared first on Canadian Budget Binder.

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How To Stop Lifestyle Inflation From Gobbling Your Wealth Tue, 13 Oct 2020 12:44:03 +0000 How To Create A Lifestyle Budget Fit For Your Finances When your expenses increase along with your income you’ve fallen into the game of lifestyle inflation also known as financial creep. Lifestyle inflation can cause a fiery financial disaster if you’re not careful about how you manage your money.  You can be rich and broke... Read more

The post How To Stop Lifestyle Inflation From Gobbling Your Wealth appeared first on Canadian Budget Binder.

low budget lifestyle

How To Create A Lifestyle Budget Fit For Your Finances

When your expenses increase along with your income you’ve fallen into the game of lifestyle inflation also known as financial creep.

Lifestyle inflation can cause a fiery financial disaster if you’re not careful about how you manage your money

You can be rich and broke and you can be poor and broke or you can live life according to a budget and build wealth.

A buddy of mine regrets buying a new BMW when he landed a new job and he’s not alone.

Lifestyle inflation plays with your mind if you let it and can lead you into deep financial debt.

Lifestyle Inflation Creeps Up On You

What is lifestyle inflation?

It’s almost like finding $20 on the ground and just spending it frivolously without thinking how else that $20 can better be spent.

A new job that pays you far more than the last or an income boost from your current employer is wonderful news.

What’s not money smart is when you take that increased income and put it towards increasing your lifestyle.

This is what is called lifestyle inflation and becomes a whirlwind of money up’s and down’s if you’re not careful.

In the past, I’ve written many articles about how to handle situations where you may run into financial troubles.

  • Job loss
  • Employment Changes
  • Health problems
  • Family matters

Financial Rules For Financial Success

I don’t know how many times I’ve heard of rich people going bankrupt and poor people finally getting it together.

There’s no magic scientific data that will help you become debt-free but what is available are financial tools.

In the world of finance, there are rules, one of them being to spend less than you earn if you want to get ahead.

I know some people may challenge that perhaps if there is an investment that will yield great results.

This is true, investing in real estate for example might be a tight purchase but may reap rewards years to come.

Some investors rely on rental income to pay for the mortgage if they can’t afford it themselves or to earn more money.

Rental income can be iffy and there may be times when the place is empty. Can you afford the empty rental payments?

Should you do this at the expense of going broke in the meantime? – Risk is tough but for some, it pays off.

What about if you’re rich and buying multi-million dollar homes and need to sell at a loss? 

It happens and happens often decreasing net worth and eventually, if that keeps up they’ll run out of money.

This is just another reason why you should never rely on your real estate investment as your retirement income.

It doesn’t matter if you’re rich or living with little savings any money lost is money coming from your pocket.

Eventually, if you do this too much you’ll end up with potentially nothing at the end but bankruptcy.

How Much Lifestyle Inflation Are You Willing To Give?

How many of you are willing to save every dollar into buying a house without thinking of possible consequences?

I can tell you that people do this especially right after they get a new job or a big raise.

We only have to look at how many people have lost their jobs due to Covid-19 as a recent example of a giant economical mess.

Best part is that it’s not slowing down yet so if you’re fortunate to get a raise hang on tight.

You can’t just forget about debt and just invest in real estate and believe all of your financial problems will disappear.

This is never the case which is why I stayed true to paying off consumer debt first then invested in buying property.

The main reason: Not everyone has the means to tidy up a financial mess if it were to occur. In other words, no emergency savings or bustin bank accounts.

Anyone who is living on the financial edge who rents or owns a home can tell you it’s not a fun place to be so why go there?

Let me explain why people go there.

Lifestyle Inflation Feelings Of Success

Lifestyle inflation boosts those good endorphin feelings that we get inside when we achieve something great.

There’s something about your boss patting you on the back saying you’ve done a great job and here’s your bonus for the year.

Or, perhaps you’ve landed a new position in the company you’ve worked for years and it pays almost double your income.

Showing off to friends and family how successful you are won’t get you very far either.

Buying a fancy car won’t pay your bills.

Expensive clothing that you can probably replicate for less somewhere cheaper means nothing.

Do you really think people look at your labels?

I sure as heck don’t care what anyone wears as long as they’re wearing something.

Financial Advice As A Financial Tool

What it all boils down to is how you control the urge to spend and manage the money you didn’t have in the first place.

There’s a reason why lottery winners get advice before they rush out to get their 50 million dollar cheque from the OLGC.

Financial advice is powerful especially if you don’t want to lose everything you’re getting which can be overwhelming for some people.

You’ve worked for minimum wage your entire life and then suddenly land a career with an $85,000 salary.

Minimum Wage Yearly Ontario

Ontario Example:

Let’s say you go from working full-time earning minimum-wage earning a gross income of $29,400 ( including 3 weeks total of holidays and statutory weeks.

Hours per week 40 x (52 weeks per year –  3 (Holiday + Statutory weeks) ) x 14.00 hourly wages = Annual Salary

This is your gross income and not your net which means you still need to pay taxes on this money.

Your net pay after deductions would be approximately $24,086.

Ontario Minimum Wage

Ontario Salary increase to $85,000 yearly

income tax calculator Canada

Calculation source:

So you are going from a net income of $24, 086 to $62,861 with a difference of $38,775

That’s an extra $3231.25 every month compared to what you used to take home.

How would you manage that money?

These are just rough estimates I’m putting out there but consider there could be even more expenses.

  • Buy An Expensive Car $8000 down and $900 monthly payments for 5 years  $10,800 (plus maintenance/insurance)
  • Vacation $5000
  • New Furniture $3000
  • Designer Clothing/Shoes/Accessories $2500
  • Gym Membership or Club Membership $120 month $1440/ year
  • Eating Out $ 100-week x 52 weeks $5200

That alone totals $27,940 decreasing your bottom line to $10,835 to pay down debt, save for a downpayment on a home (if you want one), create emergency savings, increase or begin your RRSP, or TFSA.

Keep in mind that you must pay for the new vehicle for the next 5 years.

Lifestyle inflation can quickly take over and you’ll see yourself in potentially one of these situations or even all.

  • Debt to income ratio is out of whack and takes over
  • Savings are far and few
  • Little to no retirement savings
  • Home downpayment dwindles instead of increases

As you can see it’s very easy to blow massive amounts of money in a year with lifestyle inflation.

If you’re not careful the excess income you are enjoying can spill over into debt overload.

For some people, immediate lifestyle inflation will occur and for others, they take the time to figure out how to grow that money.

Those are the smart people.

I’m not saying you shouldn’t spoil yourself but there’s always something greater to consider other than clothing, holidays, jewellery, and general stuff you can do without.

If you have a financial advisor or even if you don’t make a phone call and set up a meeting to talk to one.

Getting solid advice from someone who knows what they are talking about will help ease your mind.

How To Control Lifestyle Inflation

I just went through a wage increase from my employer, not once but twice but there’s no lifestyle inflation happening here.

Mind you, we’re not talking mega-buck lifestyle inflation for me but an extra $6000 is a nice pay rise every year.

As you may have guessed I work in a union environment so I’m not at the top level of my earning potential.

Every year around August I get about $5-6k increase for my yearly wages until I reach the top income level.

I’ve still got about 10 years to get to the top of my castle and along the way, everything is going to get expensive.

As well, I get any union increases that were or are negotiated with my employer which is kind of what happened here.

Anyways, to make a long story short we have extra cash that some people may consider valuable to pay the debt, save or invest.

Then there are those people who dive into financial wealth increases with lifestyle inflation.

Even the little expenses add up to big ones over time, coupled with economic inflation and you’re back at square one.

6 Ways To Control Lifestyle Inflation From Eating Into Your Wealth

So how do you control lifestyle inflation?

There are a few ways that you can prepare yourself which I will discuss below.

Keep in mind that each of your lifestyles is different so you must find what works best for you.

For us, we control any lifestyle inflation the best we can with a budget, willpower, goals, financial advice, and remember that anything could happen.

Yes, we are debt-free including our mortgage but we never take that for granted.

1.  Outline Lifetime Goals – Short-term and Long-term

What are your short-term and long-term goals, for example?

I’m going to tell you right now that some of your goals will never happen. That’s reality, however, that doesn’t mean you should try.

Setting goals is as easy as sitting with yourself or partner and thinking about what you want from life.

Related: How to create goals (free budget binder printable)

Write your goals down and include costs that might be involved with your goals and how you plan to reach them.

You may need to revisit your goals monthly or even yearly to see if they align with your current budget and lifestyle.

In some cases, people lose their jobs, quit, have health problems and so on which affect their goals.

2. Create A Low Budget Lifestyle

Without hesitation, a budget should be part of every household whether you are in a relationship or not.

A low budget lifestyle is a budget that takes into consideration all the budget categories that are critical every month.

These are typically expenses that are fixed expenses and variable expenses while taking into consideration savings and investments.

Paying yourself first is key which is what we do with our zero-based budget although other budgets might fit your lifestyle.

Also, find ways to save money whether it be from choosing a bank with no fees or saving money using Canadian rewards.

A KOHO Pre-paid VISA card is a great way to help you budget and save your money by allowing you to set up savings and see where your money is going. This allows the user to spend smarter.

Savings Plus Account 

Invest your money in banks that have no fees such as Simplii Financial or EQ Banks in Canada.

Tangerine Bank is another Canadian Bank Account without a brick and mortar business that we belong to without bank fees.

3. Moderate Changes

This means that it’s ok to make gradual changes to your lifestyle but do so in an affordable manner.

Valuing experiences over buying stuff you don’t need makes for even more money to set aside for bigger goals.

4. Avoid New Debt

When your income increases the last thing you want to do is create new debt if you don’t have to.

I’m not talking about buying a new house or going back to school but consumer debt that you can control.

You will always have the ability to say NO so if you’re mindful of your spending and think before you spend you’ll be in a better place financially. 

5.  Financial Sacrifice

It’s nice to have everything but having everything you want comes with a big price-tag.

Financial sacrifice means going without or perhaps saving for something until you have the money in full. ex: a vacation

Keep in mind that you must prioritize what is important in your life and by creating a budget you’ll understand how much money you have to work with.

Just remember that stuff never lasts especially when it goes out of style the next month, two months, or year.

6. Automated Savings

Whether investing in a tax-free savings account, retirement savings account or any other investment accounts paying yourself first is a win.

Consider yourself part of the team that oversees your business (you) and you get a paycheque at the end of the day.

By doing so that leave less money on the table for you to blow and more invested in what will help with your future.

For example, our projected expenses, emergency savings, and retirement savings are either transferred or auto-paid from our bank account. 

Also, buy automating your savings it assists with building your emergency savings fund for present important situations.

Your Wealth Consumes Lifestyle Inflation If You Let It

In the example above the only way to increase the bottom line is to cut back on expenses such as the yearly holiday, clothing, and eating out.

For some people, there is no possibility to cut back especially if they overspend into the negative but have ongoing costs such as a vehicle payment.

In that case, the only way to increase the bottom line which would be capped is to earn more money.

Lifestyle inflation is great in the short-term to have a bit of fun but can terrorize your long-term goals and investments.

Oh, and as for my friend who bought the expensive BMW he’s cutting his losses, selling it, and buying something economical.

Live and learn and sometimes it’s the hard way but that’s how we grow as adults.

Discussion: How have you handled an increase in wealth or income and did you fall prey to lifestyle inflation?

Leave me your comments and experiences below on this topic as I’d be interested to read your feedback.


The post How To Stop Lifestyle Inflation From Gobbling Your Wealth appeared first on Canadian Budget Binder.

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How To Make The Easiest Pickled Beets Sun, 11 Oct 2020 12:50:07 +0000 Pickling Beets Is The Easiest Kitchen Recipe I’ve Ever Made I never thought the day would come where I took on the challenge of pickling beets but here I am sharing my amazing recipe with you. Over the past year, I’ve read numerous pickled beet recipes and have eaten loads of pickled beets from the... Read more

The post How To Make The Easiest Pickled Beets appeared first on Canadian Budget Binder.

pickled beets recipe

Pickling Beets Is The Easiest Kitchen Recipe I’ve Ever Made

I never thought the day would come where I took on the challenge of pickling beets but here I am sharing my amazing recipe with you.

Over the past year, I’ve read numerous pickled beet recipes and have eaten loads of pickled beets from the grocery stores.

I’ve either found them too salty, over-seasoned, or far too much sugar for my liking.

Although I love pickled beets now was the perfect time to take on the Ontario beet in the CBB kitchen.

What are beets?

Beets are naturally sweet and very red in colour and comparable to a potato texture when you cut them open.

Beets have been cultivated since pre-historic times in the Mediterranean area and were originally grown only for their leaves. During the Roman empire, people began to eat the roots as well. Today, beets and beet dishes are still widely popular throughout Europe. – Foodland Ontario

Seasonal Beets In Ontario

raw beetsWhen are beets in season?

Come October you’ll find beets are at just about every market and grocery store in Canada as they are in abundance.

Although you can buy beets almost every month you’ll find the best prices during the Autumn season.

The great thing about beets if you don’t grow them yourself is that the price is exceptionally low to purchase them.

I’ve bought 10lb bags of red beets from Food Basics for $2.99 which will make me 14 1 litre jars of pickled beets.

That’s enough pickled beets to last me a full year and I won’t have to spend $4 a jar every month at the grocery store. 

To be fair some months I buy two jars because I love pickled beets so much.

Often if I post my dinner on Facebook and there are no beets on my salad I get asked where they are.

My fans know me so well which makes connecting with all of you so enjoyable.

Pickled Beets Prices At The Grocery Store

What I love about preparing pickled beets at home is that I get to control the sugar and seasoning content.

I also get to pick the beets I want to use instead of opening a jar and only finding end pieces or seconds.

That’s the difference between buying the no-name beets or the named brand and I’ve bought both.

Our grocery budget dictates what we can afford and if the named brand pickled beets are on sale, I’ll buy them if not no-name it is.

However, this year I did something wild and crazy and decided to pickle beets on my own.

I’m the only one who eats them in our house so they’re all mine although I’ve already gifted two jars to friends.

If you’re that person who doesn’t know what to buy someone for Christmas gift your friends and family your pickled goods.

What Are Pickled Beets?

Pickled beets are beets boiled until tender, peeled, and then put into jars filled with hot brine and then sealed to ferment or pickle.

If I had to describe the taste and texture of pickled beets I’d say sweet and textured like a potato but they are red and delicious.

You can even enjoy beets boiled with salt and butter or baked in the oven as you would a potato.

Borsch is a popular beetroot soup recipe from Russia that comes highly recommended during the beet season in Ontario.

I absolutely love winter beet salads especially mixed with grated carrots and nothing more.

Different Types Of Ontario Beets

sliced beets

According to Foodland Ontario, we have various types of beets that grow in Ontario such as;

  • Detroit Rubidus
  • Red Ace
  • Ruby Queen; topped, for processing
  • Avenger; for both uses
  • Big Red
  • Supra
  • Pacemaker 3

If you miss out on beet season you can still buy beets in the cans at the grocery store which are packed full of vitamins such as iron, folate, and fibre.

Eating beets from the can is delicious, I won’t lie. I’m a beet fanatic and can eat them any way they are presented to me.

Store your beets in a root cellar or dry place as you would potatoes or you can wrap them in a paper towel in the refrigerator crisper.

Beet Greens

greens from beetsAre beet greens edible?

Beet greens are edible and cooked the same way any other green is cooked and that’s by steaming and sauteeing.

You’ll find that beet greens are very tender and sweet and cook up better than any other green you’ve had before.

You can sautee beet greens with oil, garlic, salt, and pepper and even add in a bit of tomato paste for flavour.

Personally, I like sauteed beet greens as they are but with a bit of garlic, red pepper flakes, olive oil, and then sauteed in a pan.

Beet Greens Nutrition

No Fat or Cholesterol: Beet greens are nutritious as they are rich in Vitamin K, copper, manganese, iron and calcium, but they are great for maintaining a healthy weight, as they contain zero saturated fat and cholesterol. – Source

Beet Nutrition

The Health benefits of beets make enjoying them even more enticing.

Beets come loaded with iron, fibre, potassium, vitamin C, and approximately 50 calories for one cooked cup of beets.

Here is an overview of the nutrients found in a 3.5-ounce (100-gram) serving of cooked beetroot:

  • Calories: 44
  • Protein: 1.7 grams
  • Fat: 0.2 grams
  • Fiber: 2 grams
  • Vitamin C: 6% of the RDI
  • Folate: 20% of the RDI
  • Vitamin B6: 3% of the RDI
  • Magnesium: 6% of the RDI
  • Potassium: 9% of the RDI
  • Phosphorous: 4% of the RDI
  • Manganese: 16% of the RDI
  • Iron: 4% of the RDI

Beets also contain inorganic nitrates and pigments, both of which are plant compounds that have a number of health benefits. –  Source: Health Benefits Of Beets

Uses For Beets

Raw beets are great to great into soups and salads or to use a bright garnish on a dish you are serving.

Peel the beets with a potato peeler and grate the beet using a grater or even food processor.

You can add beets to rice dishes or soups such as Classic Borscht and dips and sauces galore. 

I’ve had a roasted beet and hummus dip and it was to-die-for.

I’m pretty sure someone has already made a beet ice-cream recipe too!

Beets are also used as food dye or colouring for Easter eggs and anything else you want coloured red, use beet juice!

Various Ways To Prepare Beets

boiling beets

Raw beets are similar in texture to cutting a potato as it’s a root vegetable and crunchy until it’s boiled, steamed, or roasted.

Cooking beets can be done in a pot of water, crockpot, oven or even instant pot beets will work its magic.

Just don’t overcook the beets as you’ll lose the nutrients as you would in any other vegetable that is prepared the same.

Types Of Pickling Jars and Tools

Norpro Canning Set is one of those essentials when you pickle anything and something I was told to buy from a reader of mine.

The first batch of pickled beets that I made I used tea towels to remove hot jars from my pot of boiling water.

You can do it this way as well but having the canning accessories will make a world of difference and they are inexpensive to buy.

We tend to wash and hang on to glass jars for pickling which I did use for the first batch of pickled beets that I made.

mason jars

I did run out so I purchased 3 cases of Bernadine 1 litre wide-mouth canning jars from Canadian Tire for $16.99 a case.

To be honest I felt that was very reasonable considering just buying a used 1 litre canning jar at a second-hand shop is $2.99.

Anyways, if you can’t find them you can find mason jars on Amazon Canada however more expensive but worth it.

As for the rings and lids you can find them at the Dollar Store but if not just about any grocery store carries them.

You won’t want to reuse the sealed rings but you can use the metal ring lids over and over again.


Lastly, you’ll need a large, heavy stockpot which will make the process of pickling beets easy.

I brought my set of pots to Canada when I moved from the UK so I did have a large pot to boil and then seal my jars.

The good thing about spending money on pots and pans is that they will last you a long time.

Spend the money once instead of over and over again on products you use daily.

Storage Options For Pickled Beets

cold room

I’ll store my pickled beets in our cold room as they are sealed however you can also store them in the refrigerator.

Typically a dry, cool spot is the best place to store pickled beets or raw beets.

Types of Vinegar For Pickling Beets Recipe

Almost all pickled beet recipes you read will either use white distilled vinegar or apple cider vinegar to make pickled beets.

I used the white distilled vinegar for this recipe as our homemade crab apple cider vinegar is still fermenting on our counter.

To be fair both would be delicious so use whichever you like best for this recipe.

Price points on the vinegar will differ with the white vinegar being the least expensive of the two which makes it economical.

Spices for Pickled Beets and Brine Water

Pickled Beetroot steps

All spices for the brine or that I use at the bottom of my pickled beets recipe are optional.

If you’re not keen on adding any sugar, don’t. Pickled beets with no sugar are still delicious.

The Ultimate Spice Guide List

How To Make Easy Pickled Beets

low sugar pickled beets

I used a 10lb bag of beets for this pickled beets recipe and a massive pot filled with cold water.

To boil beets simply give them a rinse under the water whether you fresh pick them or buy them as I have at the supermarket.

If you have the beet greens still attached you’ll want to cut and remove them but do not discard them as they are edible as mentioned.

Preparing Jars For Pickled Beets

oven sterilizing jars

I cleaned my 1 litre jars and then put them in the oven on low 200 degrees for 30 minutes to sterilize them. 

The lids I also sterilized but in a pot of hot water for the same amount of time.

You can do all of this ahead of time so it doesn’t cut into the recipe prep time.

If you want to sterilize using the stove-top method add your jars to a big pot and fill with cold water until covered.

Leave them to boil for 15 minutes to completely sterilize them.

Remove from the water before you need to fill them and dry them on a tea towel.

Both methods work easily however I prefer the oven method to sterilize my canning jars.

Use A Big Pot To Boil Beets

The pot I used was big enough for 10lbs of raw beets and then I filled it with cold water just to cover the beets and bring them to a boil.

Boil the beets for 10-15 minutes until they are fork-tender but nothing more or they will become too mushy.

Remove the pot from the stovetop and pour the cooked beets into a colander to drain the water.

How To Peel Cooked Beets

boiled beets

You can use gloves if you want to protect your hands from getting red from the beet juice but I did not.

The beets will still be hot when you peel them however the beet peels should fall right off in your hands with a bit of a peel.

Another method is to cover the cooked beet with a paper towel and give it a rub and the beet peeling will fall off.

Once you have all of the beets peeled let them cool for a few minutes while you tidy up the beet peels.

Ways To Cut Beets For Pickling

cutting beets

Get out a cutting board and a sharp knife along with a large bowl and slice your beets however thick you want them to be.

Slice the beets around 1/2 inch thick sometimes more or less depending on the shape and size of the beet.

crinkled pickled beets

You might like to have thin beets and if you have a mandolin you can slice the beets to get them to a thinner consistency.

Beets can also be cut with a wavy knife or crinkle cutter which we have and I’ll use for my second batch of pickled beets.

Packing Beets Into Jars

pickled beetroot recipe

After the mustard and coriander seeds are added to the bottom of the jars follow with the sliced beets.

Do not fill the beets to the top as you’ll want to leave room for the brine and expansion if needed.

Add the clean jar seal and lid and leave the jars on the counter until you hear them pop.

The popping sound means they have sealed properly however if there’s a jar that doesn’t seal simply refrigerate it.

That will be the jar of pickled beets to eat first and lasts up to three months in the refrigerator for the best quality.

One canned you can store pickled beets for the rest of your life but they won’t last that long. haha!

Anything prepared and pickled should last years in a root cellar.

Making Pickled Beets Recipe

The printable recipe for the pickled beets is at the bottom of this blog post.

Pickled Beetroot

Pickled Beets Ingredients

  • 7 sterilized 1- Litre Jars including lids and rims
  • 10lbs raw beets
  • cold water (to cover beets when boiling)
  • 1 tsp coriander seeds (each jar)
  • 1/2 tsp mustard seeds (each jar)
  • 1 whole clove (each jar)
  • 1 tsp whole peppercorns (optional) (each jar)
  • For the Brine
  • 3 cups of cold water
  • 10 cups of white vinegar
  • 1 Star anise (remove before pouring into jars)
  • 1 cup granulated sugar
  • 8 tsp Pickling Salt or Kosher

Method for Making Pickled Beets

  • Sterilize 7 x 1 Litre Jars and as soon as you pull from the oven add the mustard seeds, coriander seeds, peppercorn seeds, and clove to each jar. (including lids and rims)
  • If you are boiling to sterilize make sure the jars are dry before you add the seeds.
  • Wash your beets and place them in a large pot then cover with cold water
  • Boil the beets for 30 minutes on high just before fork tender (may take longer depending on size)
  • Pour the beets into a colander and run cold water over them to cool them down
  • Put the beets back into the empty pot and fill with cold water until easy to handle
  • Use gloves to peel if you want.
  • Peel with clean hands or use a paper towel to remove the skins
  • Slice the beets around 1/4 inch or to your liking
  • Add the sliced beets to the jars filling them up without squishing them down
  • Pour the hot brine over the top of the sliced beets just until 1/4 inch from the top.
  • Put the filled jars into a large stockpot filled with water to the rim of each jar.
  • Bring the water to the boil, turn off the stove.
  • Remove each jar with your removal tongs and put the sterilized lids and rims over top to close.
  • Wait for the lids to pop which means they are sealed.
  • Any that do not seal put in the refrigerator to eat first.
  • Yield 7 litre jars
How To Make The Easiest Pickled Beets
Prep time

Cook time

Total time


Pickled Beets are delicious to eat, easy to make, and budget-friendly for the beet lover. You can also gift pickled beets to your friends for holidays and celebrations instead of buying gifts.
Recipe type: Beets
Cuisine: Canning
Serves: 7

  • 7 sterilized 1- Litre Jars including lids and rims
  • 10lbs raw beets
  • cold water (to cover beets when boiling)
  • 1 tsp coriander seeds (each jar)
  • ½ tsp mustard seeds (each jar)
  • 1 clove (each jar)
  • 1 tsp whole peppercorns (optional) (each jar)
  • For the Brine
  • 3 cups of cold water
  • 10 cups of white vinegar
  • 1 Star anise (remove before pouring into jars)
  • 1 cup granulated sugar
  • 8 tsp Pickling Salt or Kosher

  1. Sterilize 7 x 1 Litre Jars and as soon as you pull from the oven add the mustard seeds, coriander seeds, peppercorn seeds, and clove to each jar. (including lids and rims) If you are boiling to sterilize make sure the jars are dry before you add the seeds.
  2. Wash your beets and place them in a large pot then cover with cold water
  3. Boil the beets for 30 minutes on high just before fork tender (may take longer depending on size)
  4. Pour the beets into a colander and run cold water over them to cool them down
  5. Put the beets back into the empty pot and fill with cold water until easy to handle
  6. Use gloves to peel if you want.
  7. Peel with clean hands or use a paper towel to remove the skins
  8. Slice the beets around ¼ inch or to your liking
  9. Add the sliced beets to the jars filling them up without squishing them down
  10. Pour the hot brine over the top of the sliced beets just until ¼ inch from the top.
  11. Put the filled jars into a large stockpot filled with water to the rim of each jar.
  12. Bring the water to the boil, turn off the stove.
  13. Remove each jar with your removal tongs and put the sterilized lids and rims over top to close.
  14. Wait for the lids to pop which means they are sealed.
  15. Any that do not seal put in the refrigerator to eat first.
  16. Yield 7 litre jars

That’s it.

Pickled beets are easy to make although it seems like lots of steps it goes by very fast.

Once you’ve got it down you won’t even know you’re doing it and you’ll be stocked up for a long time.

Discussion: What do you like to do with your beets? Do you like pickled beets?

Leave me your comments or reviews on my recipe if you make it down below and I’ll respond.


The post How To Make The Easiest Pickled Beets appeared first on Canadian Budget Binder.

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KOHO Review: Fun Ways To Budget, Earn, Save & Educate Thu, 08 Oct 2020 12:26:03 +0000 Savings, Education, and Budgeting With A KOHO Pre-Paid Visa Card Recently I was contacted by KOHO a Canadian company to see if I’d be interested in testing their KOHO Pre-paid Visa Card. YES,  KOHO is 100% a legit Canadian company that is interested in helping Canadians with their financial literacy and savings. Since I’m a... Read more

The post KOHO Review: Fun Ways To Budget, Earn, Save & Educate appeared first on Canadian Budget Binder.

KOHO Review

Savings, Education, and Budgeting With A KOHO Pre-Paid Visa Card

Recently I was contacted by KOHO a Canadian company to see if I’d be interested in testing their KOHO Pre-paid Visa Card.

YES,  KOHO is 100% a legit Canadian company that is interested in helping Canadians with their financial literacy and savings.

Since I’m a frugal living, budgeting blog with readers who may rely on services such as KOHO I thought I’d give it a go.

KOHO is a reloadable prepaid Visa card attached to a budgeting app that assists the user to budget, manage money all the while earning cashback on their purchases.

Canadians And Their Approach To Debt

Although the Candian household debt ratio has dropped from 175% to 158% in the second quarter of 2020 this is still high.

What this means is that the average Canadian household owes $1.58 for every dollar of disposable income they earn.

Since Covid-19 Canadians have had a tough realization just how bad their money situation can be with limited or decreased income.

This has caused many people to not shop as much and besides going out shopping was limited and not everyone shops online.

As a KOHO user, I want to take you through the process of everything this incredible card has to offer in this exclusive Canadian Budget Binder KOHO review.

Below is my personal opinion of the product and by the end, you’ll either want to sign up for it or pass it by.

Personally, I think it’s a pretty cool card to check out for many reasons.

Let’s go.

Related: 20 Habits Of A Debt Free Family

Who is KOHO?

Is KOHO a Bank?  Not exactly.

Besides having a pretty cool name and company logo I had never heard of KOHO before likely because it’s fairly new.

Just over 4 years ago a start-up fintech company called KOHO was born in Vancouver Canada and has since relocated to Toronto, Ontario.

Koho is owned and operated by CEO Daniel Eberhard who founded Koho in December of 2014.

The company has since boasted over 94,000 active users of the KOHO Card and currently is the leading challenger bank among similar systems such as Stack and Revoult.

Is KOHO Free?  It sure is except if you opt for the Premium card which I explain below and is pretty cool.

This product is a mobile app that offers financial transparency and is financially aware when it comes to the consumer by charging zero fees.

Offered in both French and English you’ll also find valuable financial tools and cool features with-in the KOHO mobile app.

Just recently they redesigned the app based on customer feedback which I think is important to me as a customer.

That means the business is listening to what their customers want and don’t want.

KOHO app

You can clearly see from first sight how easy the KOHO mobile app would be to use as they simplify everything.
I’m that person who loathes having to search deep through mobile app systems to find what I’m looking for.

What Is KOHO? 

KOHO Canada

For those of you who have never heard the name KOHO before it’s not only a cool name but a pretty incredible reloadable prepaid Visa card.

This card is great for the person who often gets denied for a Visa card or perhaps struggles with budgeting but wants a credit card type card on hand.

Although you’re not getting an actual credit card it functions as one provided you have money loaded on the Visa card.

For example, if your card has $100 loaded on it and you want to make an online purchase you can use your prepaid Visa to do so.

How cool is that?

Plus, you don’t worry as you would with a traditional credit card if you struggle to pay back your debts in full.

Having a KOHO card is a great way to practice owning a credit card using a budget and only making purchases you plan for.

Other Cool Features

Koho features

What else can you do with KOHO?

Move Money: The old Transfers tab has been updated to Move Money.

Send money to your friends, Transfer money in between your Personal and Joint accounts, or Pay Bills all from the comfort of this one tab.

You can also get your Pre-Authorized Debit/Direct Deposit information here as well.

Another awesome perk for travellers is that you can even book hotels, flights, and rental cars with your card.

Is KOHO A Credit Card Or A Debit Card?

This card is neither a credit card nor a debit card it’s a pre-paid Visa card with perks.

There are two types of accounts you can get;

  • Spending Account
  • Joint Account

Premium Account (Paid for and explained below)

How Does It Work and How Do You Sign Up For KOHO?

KOHO is entirely free to sign up for with no credit checks and easy to sign up for.
Users simply download the app and can complete their signup within 5-10 minutes and have a physical card mailed the next day.

KOHO offers Canadians a free chequing account with a reloadable prepaid Visa card and fully integrated app.

The sign-up process took me about 15 minutes and I even got to choose which type of KOHO Visa card I wanted.

I do have to admit the extra time was spent reading and learning as much as I could about the app as a consumer.

One feature that I thought you might like was the ability to order any of the following card designs for free.

Often you get what you get when you sign up for a rewards card or credit card.

  • Bluberried Caviar
  • Sunkissed Skinny Dip
  • Gilded Cotton Candy
  • Frozen Cherry Soda

KOHO Card Options

User Offers For Those Who Sign UP

What do KOHO users Get?

Any user of the prepaid Visa card you get a fine-tuned system that offers;
  • automatic cash back on every purchase
  • real-time notifications
  • spending insights and budgeting tools
  • automated savings
  • and much more.

Everyday Account

KOHO acts as an everyday account that assists users as any other bank would without being a bank.

  • Set up Direct Deposit and have your paycheque automatically deposited onto KOHO 
  • Pay bills using your KOHO account
  • Send e-Transfers
  • Connect to PayPal to either send or receive funds 
  • Make online purchases using your KOHO card or Virtual Card

Ways KOHO Help You Save Money

  • You can easily fund your investment account using your KOHO account.
  • Round to the nearest dollar with RoundUps which I explain below.
  • Spend tracking and category Insights so you know where your money is going
  • Save with our Goals function because having financial goals is important to your overall money success.

Early Payroll Feature

KOHO early payroll

The KOHO Early Payroll feature you must sign up for with KOHO but if you need cash fast you’ll want to get involved.

I’m not a fan of payday loans as you’ve read on the blog before but the Early Payroll feature on KOHO I do like.

If you use the early payroll feature on KOHO what happens is they allow you a cash advance of up to $100 if you’re low on funds.

Once you sign up you must set up a direct deposit by filling out a direct deposit form.

Have your employer payroll department direct all or a portion of your pay to your KOHO account by using exact info on the direct deposit form.

Direct Deposit can also be referred to as Pre-Authorized Credit (PAC) or Direct Load.

Early Payroll KOHO

This is a cash advance system that costs the user NOTHING up to 3 days before your paycheque is deposited in your bank account.

If you want $100 instant cash the charge is only $5 with access to their financial coach for up to 15 days.

  • Option 1: 3 days before you get paid you can opt for a $100 early payroll advance for FREE
  • Option 2: The user can opt for an early payroll advance of up to $100 for the low cost of only $5.

There’s no ridiculous interest rates or charges for you to pay back like those payday loan centers which I hope you stay away from.

User Advantage: This Early Payroll system helps Canadians who may be struggling for cash in-between paycheques pay bills or everyday needs without worry.

You can read all about the Early Payroll Feature to see what you think of it for yourself.

Pay Back Your Payroll Loan

How do you pay back your KOHO Early Payroll loan?

When your paycheque gets deposited KOHO gets paid back the $100 you borrowed from them automatically. Easy.

Sign Up For The Early KOHO Payroll Feature Here

Plus! Setting up a direct deposit of your paycheque into KOHO will allow you to receive an additional 0.5% in PowerUps for 90 days.

I’ll explain more about Power Up below.

Your Credit Score

Does KOHO affect my credit score?

Well, you’re in luck because since KOHO is nothing more than a card that you have control over it does not connect with your credit score.

That also means it will not affect your credit score in any way, shape, or form.

Although keeping a good credit rating is important and that you should review it yearly you won’t have to worry about it with KOHO.

However, just a heads up sometime in December 2020 there will be a new feature that will allow users to pay a small fee and utilize a feature in the app to help build credit.

As a permanent resident who struggled to build credit in Canada, this feature will be valuable for New Canadians.

Does KOHO Build Credit?

Since KOHO is neither a credit card nor a debit card it does not help you build credit but still useful to help you manage your money.

Power Up With KOHO

KOHO Power Up Program

What is the KOHO power up?

Essentially a power-up is an instant cashback from using KOHO instead of waiting until the end of the year like you would with a Costco membership.

I like this because you get to see how much you are earning back instead of having to track it yourself as you do with Costco.

You also get extra power-ups if you refer your friends to KOHO once you get a chance to see how great it really is.

  1. PowerUps provide a credit of 0.5% on all settled authorizations.
  2. KOHO users can, at any time, release accrued credits from within the app.
  3. KOHO reserves the right to end the promotion at any time, no less than 90 days from the initial implementation of PowerUps. Future authorizations or settled authorizations will not be eligible for PowerUps if and when KOHO has discontinued the promotion.
  4. Settled authorizations typically take 3-5 days to settle. KOHO is not responsible for merchant settlement policies or timelines.
  5. 100% of the settled authorization amount is eligible.
  6. PowerUps will not be accrued on any ATM withdrawal, E-transfer, KOHO transfer, Bill Payment, or other non-purchase based transactions.

Round-Up Your Money For Savings

Eating out

The KOHO round-up is a great feature for saving money which is great if you struggle to save money.

How the KOHO round-up works are when you spend money using the KOHO card the cost gets rounded to the nearest $1, $2, $5, or $10 (you choose the amount)

For example, if your purchase is $2.25 RoundUps will save $0.75, $1.75, $2.75, or $7.75 for you automatically based on which RoundUps amount you choose!

The money will be saved for you to use when you need it the most and you don’t have to do anything but set it up.

KOHO Referral Program

I’m always transparent when I have affiliate links and I do for this post because I trust KOHO and I’m a customer too!

This is how the KOHO referral program works.

  1. Referrals – refer pals to KOHO and earn extra PowerUps* 👯‍♀️
  • You and the friend you refer each earn 1% extra PowerUps on every purchase for 90 days 
  • The 90-day window begins as soon as they make their first purchase
  • They must make their first transaction within 30 days of signing up
  • You can refer up to 10 friends to KOHO, which means you can earn up to 10% in PowerUps for referring friends
  • Once a friend signs up, they will permanently hold one of your 10 referral slots. Don’t be afraid to give them a nudge if you see they haven’t finished activating their account!

How Does KOHO Make Money?

As you may already know KOHO is not a bank that charges fees for just about everything which is why this service is unique.

KOHO is a new way of banking for Canadians and it’s leading the way by offering no fees for their users.

When it comes to the Early Payroll program KOHO makes no money from that service as it’s free.

They want to help Canadians which I absolutely love and appreciate as I’m sure other customers will.

Banks for example make money from their customers by:

  • Interest On Loans you take out
  • Investments you purchase through them
  • Account fees which are some of the highest bank fees you’ll ever pay upwards of $220 a year KOHO says.

The only time you’ll get charged for using KOHO is if you have a free account and make an international purchase or if you take money out of an ATM that charges its own fee. (This is the foreign exchange fee charged by Visa to use their network globally.)

The only way KOHO makes money other than the above is through their Premium accounts and interchange fees.

An interchange fee is a cost to the company where you use your KOHO card which does not go to you but to KOHO from the merchant.

This is nothing new and just about every credit card company charges interchange fees to make money for allowing customers to use plastic.

What Is KOHO Premium?

Koho grocery rewards

Koho premium is a type of account that comes with premium features that are above and beyond the free KOHO account.

Yes, you pay for the premium account but for many of you, this may be well worth the small amount they charge.

In a way, it reminds me of the Costco Executive Card which costs us $120 annually but better since your rate of return is higher.

With the KOHO Premium Account you get the following features;

  • 2% cashback on groceries, eating and drinking, and transportation
  • Groceries -includes both small merchants and larger chain stores
  • Eating and Drinking – included all restaurants, food delivery services, bars, coffee shops, and more.
  • Transportation – includes public transportation (city bus), UBER/Lyft, city taxis, gas, highway tolls (407 toll), parking fees, and more.
  • You’ll also get 0.5% back on all other categories not listed.

There are ZERO fees on foreign transactions which is a huge deal for me since KOHO covers those fees made outside of Canada or with foreign merchants. 

If you bank with one of the BIG 5 you know that they can charge fees upwards of 2-3% for foreign transactions is costly.

Even with the regular free KOHO account, the charge is only 1.5%.

Free Financial Coaching

Free Financial Coaching is also another perk you get with your premium KOHO card which I adore.

If there’s something you need to know about your budget or why something isn’t working with your money you have a free coach to ask.

This is like having a financial advisor on your doorstep any time that you need them.

Finance is so important otherwise I wouldn’t be here trying to find the best ways to save money for my family and other Canadians.

With so many different products on the market, it’s important to find one that fits your lifestyle and with free coaching, you can’t beat that.

What you do get from the KOHO professionals is advice on some of the most important financial topics.

  • Budgeting and saving money
  • Tackling your debt
  • Credit Score information
  • Investments

Ask yourself whether your bank offers you the type of financial assistance as you’d get here.

Do you need help with your financial situation and how far are you willing to go so you can eliminate debt and start saving?

Price Matching with KOHO Premium

One of the coolest perks is the price matching option for premium KOHO members.

How this works is the customer (you) send KOHO your past receipts made with KOHO and we’ll search to see if you have gotten a better deal. 

They will scan your receipt to see if there were any price drops on the product being sold for less somewhere else.

So by using your KOHO card to make purchases you get the benefit of price matching and they will credit the difference to your KOHO account.

Making The Price Match Program Work In Your Favour

How does the price match feature work?

Look for the transactions on your mobile app that you make with thee price match icon next to it. These are the items you can price match.

Send a photo of the receipt through the in-app camera or forward your email receipts to for purchases made using your KOHO card only.

You can’t price match anything made with other credit cards or bank cards that you own only the KOHO card.

Always keep your original receipt in a safe place just in case the merchant needs to see it.

Lastly, if KOHO does find a better deal you’ll get credited if not that means you’ve already scored the best deal going.

How cool. I love this feature.

Top 10 Merchants For Price Matching

Here are the Top 10 Merchants for Price Matching but there are loads more which you can find when you sign up for KOHO Premium.

You can sign up for a 30-day trial and after that is completed you can either cancel or pay $84/yr which is $24 cheaper or $9 a month.

You can order your KOHO Premium card after your 30-day trial or if you are already a KOHO member your current card will also work.

  1. Best Buy Canada
  2. Canadian Tire
  3. (Online only)
  4. FreshCo
  5. Giant Tiger
  6. Home Depot
  7. London Drugs
  8. Staples
  9. Walmart
  10. Lowe’s

Below are all of the other support merchants that can change so always check the KOHO website.

  • 1STOPlighting
  • Abercrombie & Fitch
  • Addition Elle
  • Advanced Electronics
  • Aeropostale
  • Aldo Shoes
  • Altitude Sports
  • American Eagle Outfitters
  • Apple
  • Ashley Furniture
  • Asos
  • Atmosphere
  • Babyrama
  • Bad Boy
  • Banana Republic
  • Bass Pro Shops
  • Bath & Body Works
  • Bed Bath and Beyond
  • Best Buy
  • Best Seller Clothing 
  • Big 5 Sporting Goods
  • Bon Ton
  • Bootlegger
  • Bose
  • Bouclair
  • Brian Reimer Audio
  • Broadway Camera
  • Brooks Brothers
  • Brown’s Shoes
  • Brunet Plus
  • buy buy Baby
  • Cabela’s
  • Call It Spring
  • Campers Village
  • Canada Computers & Electronics
  • Canadian Tire
  • Carbon Computing
  • Carters / Osh Kosh By Gosh
  • Club Monaco
  • Coast Appliances
  • Cole Haan
  • Dania Down
  • Danier
  • Dell
  • DeSerres
  • Disney Store
  • Don’s Photo
  • DSW
  • Dufresne
  • Dynamite Clothing
  • Express
  • Extreme Electronics
  • Factory Direct
  • Foot Locker
  • Footaction
  • FreshCo
  • Furniture Villa BrandSource
  • Gap
  • Gap Factory
  • Giant Tiger
  • Goemans Appliances
  • GolfTown
  • Guess
  • Hart Stores
  • Henry’s
  • Hollister
  • Home Depot
  • Home Hardware
  • Home Outfitters
  • House of Knives
  • HP
  • HSN
  • Huckberry
  • Hudson’s Bay
  • Ikea
  • JC Penney
  • Jysk
  • Kal Tire
  • Kitchen Stuff Plus
  • Kobo
  • La Senza
  • La Z Boy Furniture Galleries
  • Lakehouse Home Store
  • Leon’s Furniture
  • Levi’s Outlet Stores
  • Linen Chest
  • Little Burgundy
  • Living Social
  • London Drugs
  • Long & McQuade
  • Lowe’s
  • Lucky Brand
  • Luxe Barbeque Company
  • Mark’s  
  • Mastermind Toys
  • McBain Camera
  • McMunn & Yates
  • Memory Express
  • Michael’s
  • Microsoft Store
  • Midland Appliance
  • Mills Fleet Farm
  • Moores Clothing
  • Mountain Equipment Co-Op
  • Mountain Warehouse
  • My Projector Lamps
  • National Sports
  • Navy Exchange
  • NewEgg
  • Nike Canada
  • Nine West
  • nofrills
  • Nordstrom
  • Old Navy
  • Parts Engine
  • PartSource
  • Penningtons
  • PetSmart
  • Pier 1 Imports
  • Pink Cherry
  • PNP Games
  • Prairie Summit Shop
  • Princess Auto
  • Pro Hockey Life
  • Reebok
  • Reitmans
  • Reno depot
  • Revolve
  • Ricki’s
  • Rona
  • Ronsons
  • Roots
  • Rudsak
  • Running Room
  • RW & CO
  • SAIL Canada
  • Saint Johns Music
  • Saks Off Fifth
  • Sephora
  • Shopper Plus
  • Simons
  • Sketchers
  • Sleep Country
  • Snuggle Bugz
  • Soft Moc
  • Source For Sports
  • SportChek (In-store purchase only)
  • Sporting Life
  • Standard TV & Appliance
  • Staples
  • Steve Madden
  • Superstore
  • Swimco
  • TA Appliances
  • Tanger Outlets
  • TanTec Electronics
  • TDOT
  • Teletime
  • The Brick
  • The Camera Store
  • The Children’s Place
  • The Incredible Country Hardware Store
  • The North Face
  • The Shoe Company
  • The Source
  • Theisen’s
  • Thyme
  • Timber Town
  • Tip Top Tailors
  • Town Shoes
  • Toys R Us
  • Trail Appliances
  • TSC Stores
  • Under Armour
  • Urban Barn
  • Victoria’s Secret
  • Visions
  • Walking On a Cloud
  • Walmart Canada
  • West 49
  • West Coast Kids
  • Wholesale Sports
  • Wiens Furniture
  • Wilson Leather

Free ATM International Withdrawl

If you’re like us and like to travel and need cash KOHO Premium has you covered.

You get one free international ATM transaction each month using your KOHO Premium card while on vacation.

I’d say that’s a pretty good perk.

Accommodations 6% Cash Back Feature

If you are looking for accommodations use your KOHO app to browse and book and you’ll get an extra 6% cashback through

Related: The Ultimate Guide Of Cash Back and Rewards Programs In Canada

Higher Velocity Limits

All of us have those unexpected moments when we need more cash or perhaps having too much cash in the bank (that’s us).

With the KOHO Premium card, you can use the ATM to withdraw up to $400 instead of $300 with the free version and you can have a max account balance of $40,000 instead of $20,000.

So, basically you’re getting a bit more room to deposit and withdraw your money with the KOHO Premium card.

Will I Be Protected With KOHO?


Just as any other bank KOHO is covered under the CDIC through the People’s Trust account.

Basically the money is held in People’s Trust which is regulated by CDIC.

What is CDIC?

KOHO is partnered with Peoples Trust, a federally regulated, CDIC-insured banking institution.

It’s where all the money in your KOHO account is held—including your spendable, round-ups and savings goals.

KOHO Review Pros and Cons

Like with any bank whether it be brick-and-mortar or and online bank such as KOHO there will always be good and bad.

Below I highlight each of the pros and cons that I found as a KOHO customer so you’ll get a better idea of what you’re signing up for.

Pros Of Signing Up For KOHO

  • Easy to sign up for a free KOHO card
  • You can opt into the early payroll feature
  • Financial coaching for those that need it
  • Opportunity to track and follow
  • KOHO premium offers lots of great features for users including the cashback and price match feature.
  • No ATM fees
  • Zero Account Fees unless you get the premium card
  • Cash Back
  • No NSF Non-Sufficient Funds charges
  • E-transfers
  • Referral Bonus

Cons Of Using KOHO

  • KOHO Premium does not price match groceries, gas, or Amazon purchases
  • It doesn’t help you build credit
  • Could be better for travellers if there were more incentives although you can book hotels, flights, and rental cars.

Coming Soon: KOHO Save

KOHO Save is coming soon and if you want in on this amazing introductory offer you can get on the waitlist now.

Earn when you spend and save, all in one place. Earn cash back on every purchase and 1.2% interest on the whole damn balance.

If you’re not registered for your free card you can do it now and join the waitlist for the upcoming KOHO Save program.

Overall Thoughts Of The Program

I believe there is a big market of consumers that would benefit from using the KOHO card as we are.

Personally, I’d consider all of the above and if you feel like KOHO will work for you then sign up for KOHO, it’s free right?

You can also use my referral code CANADIANBB and each of us earns 1% extra PowerUps on every purchase for 90 days!


Yes, there is an affiliate link in this review of KOHO which is my personal opinion as a customer.

The post KOHO Review: Fun Ways To Budget, Earn, Save & Educate appeared first on Canadian Budget Binder.

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How To Plan A Budget Keto Thanksgiving Meal (With Recipes) Tue, 06 Oct 2020 12:21:20 +0000 Keto Thanksgiving Dinner With All The Fixings On A Budget Many of the best Keto Thanksgiving Recipes are not too different from your classic Thanksgiving fare. Most people wouldn’t even know the difference between a keto dish and a regular dish that they are used to eating. No kidding. Turkey is turkey, chicken is chicken... Read more

The post How To Plan A Budget Keto Thanksgiving Meal (With Recipes) appeared first on Canadian Budget Binder.

Keto Thanksgiving Meal Plan

Keto Thanksgiving Dinner With All The Fixings On A Budget

Many of the best Keto Thanksgiving Recipes are not too different from your classic Thanksgiving fare.

Most people wouldn’t even know the difference between a keto dish and a regular dish that they are used to eating. No kidding.

Turkey is turkey, chicken is chicken and all of the keto side dishes and desserts are pretty amazing without extra carbs and sugar.

I honestly think people get their feathers ruffled when they hear the word, “Keto” or “Low-Carb” when it’s a simple eating plan.

Consider all of the foods you love to eat for Thanksgiving dinner and we can make it all keto-friendly by reducing carbs and sugar.

Too much sugar spikes insulin levels and the cycle of being hungry all day happens over and over.

Get rid of the sugar, control your insulin, lower your carbs and get fit.

That’s it. Nothing less, nothing more apart from talking to your doctor first.

Budget Your Thanksgiving Meal

It doesn’t matter what type of Thanksgiving fare you will be serving stocking up on holiday favourites ahead of time is key.

The great thing about vegetables such as spaghetti squash, yams, turnip, cauliflower, broccoli, etc is that you can buy them days in advance.

If you plan to make roasted cauliflower or mashed cauliflower you can easily freeze it until you need it.

Earlier this year we bought 2 large chickens for a great price specifically to make keto bone broth and for Thanksgiving.

Roasted Pumpkin Puree

I also bought 3 baking pumpkins at the end of the season last year, baked them, and froze the puree to make keto pumpkin desserts.

The cost was $3 for all three of my baking pumpkins which is a great price considering you’ll pay that for one small can.

How To Make Pumpkin Puree Recipe:

  • 3 Small Baking Pumpkins
  • Half them and clean out the seeds (dry for roasted pumpkin seeds)
  • Slather butter on the inside with a bit of salt
  • Turn upside down on a baking sheet
  • Pre-heat oven 300 and let them bake until tender.
  • Once cooled using a spoon scoop out the pure pumpkin and put it into freezer bags and store over a yeaer.


Asparagus and broccoli are other vegetables that you can freeze if you find them on sale in advance.

Create Your Thanksgiving Dinner Meal Plan In Advance

If you plan on baking for Thanksgiving perhaps starting early when you do find the ingredients on sale is a smarter option.

For example, I will make a loaf of keto bread and freeze it this week so it’s ready when I want to make my keto stuffing.

I’ll also make our keto desserts but smaller versions than what I typically would make as it’s only the two of us eating them.

While at Zehrs two days ago the cream cheese was on reduced to $1 so I bought 10 and froze 6 of them for later use.

Since Covid-19 is limiting the number of people in our bubble we don’t have to spend as much on groceries for Thanksgiving.

Normally we would all meet up at one of the inlaws houses and bring dishes and drinks already prepared.

That’s not happening this year so it’s just our little family of three enjoying quiet family time together.

This significantly drops the costs involved with making our dinner plus our son really doesn’t eat much either.

Saving Money Buying Groceries For Thanksgiving

It’s a Keto Thanksgiving For Two and a boy who would rather eat pizza and cucumber than anything else in the world.

Personally, if you can bulk shop at Costco Canada for your keto and non-keto needs I’ve found great benefit and price savings.

I’ve done the math and know the prices and I can tell you that you WILL save money if you shop at Costco.

Almost all items you buy have long shelf lives or you can put them in the freezer for later use.

Canadian coupons don’t often cover ingredients you need to make healthy, delicious meals from scratch.

Another great way to save is to take advantage of rewards points programs at your favourite grocery stores and online savings apps.

Thanksgiving Dinner With Out Feeling Stuffed

If you hate that full feeling after eating your Thanksgiving dinner it’s likely because of the carbs, starches, and sugars you’re ingesting.

Wouldn’t it be nice to eat a Thanksgiving dinner that didn’t require a crane to remove you from the dining room table?

I know, I’ve been there and just about everyone overeats during the holidays and Thanksgiving is no exception.

The key to eating a healthy diet is balance and finding what works for you.

Keto For Weightloss

Now, you don’t need to be on a keto diet to enjoy the benefits of the amazing keto recipes that have been created.

I’m not on a keto diet but Mrs. CBB has been for 4 years and has lost over 100lbs and kept it off with extended fasting and eating keto.

There were no weighing foods, counting macros, or excessive exercise involved in the process because food is the enemy.

Working out is how you bring your body into a state of top-notch shape increasing your endurance and cardiovascular metabolism.

For the most part, Mrs. CBB has walked for the past four years and used our treadmill to keep active since she has physical restrictions.

If you do not then join sports teams a gym or even creating a budget-friendly gym space at home will work equally as well.

The point is finding a balance of foods that work for you combined with some form of exercise.

Related: Foods To Stock In Your Keto Pantry

Keto Thanksgiving Dinner

  • Can you have gravy on a keto diet? YES
  • Is Turkey allowed on a keto diet?  YES
  • Can we make Thanksgiving stuffing keto? YES
  • Is there an alternative for mashed potatoes? YES
  • Can we have pumpkin desserts on a keto diet?  YES

It’s not impossible to have a keto thanksgiving stuffing whether you cook a bird or not.

Below I chose the best Keto Thanksgiving recipe ideas from Pinterest and in the end, I share with you our Keto Thanksgiving menu with recipes.

Keto Main Menu

Since our menu includes a roast chicken I thought I would look for a delicious roasted turkey recipe.

I found this Easy Roast Turkey Breast that is perfect for a smaller gathering such as ours from diethood blog.

Thanksgiving Turkey Breast

Obviously, for a main at Thanksgiving, there are other options such as ham, meatloaf, goose, chicken, duck, and so on.

Tim from Four Score Living has this 5-minute Keto Gravy perfect for your Thanksgiving Dinner.

Keto Gravy

Keto Thanksgiving Desserts

There always have to be desserts for family gatherings and special occasions such as Thanksgiving.

One of my favourite picks was this Keto Pecan pie along with my Keto Butter Tarts.

There are few more Keto desserts below that I think you will enjoy.

Keto Pecan Pie

Keto Pecan Pie

Kathy at Healthy Ambitions has a Keto Pecan Pie even I can’t wait to try as it looks just like the real deal and I’m sure it tastes like it to.

Pecan pie, Pumpkin recipes, and anything to do with apples are all Fall dessert recipes that are perfect for Thanksgiving.

You can even make my keto Canadian Butter Tarts as a Thanksgiving keto dessert and I promise they won’t last.

How to make Keto Butter Tarts

Keto Thanksgiving Sides

Keto Thanksgiving Stuffing

Keto Stuffing from It’s Simple, really is simple and similar to the one that I make so I thought it would be amazing.

She offers two versions to her readers which I think is great.

Quick version–  crumble the keto bread, drizzle with olive oil and bake for about 5 minutes until lightly browned. Saute chopped veggies in olive oil for a minute or two to bring out flavors. Mix with melted butter and bake again.

Quickest Version-  mix crumbled keto bread with chopped veggies and melted butter. Add to dish and bake.

Austin, Texas Blogger Jennifer has a keto savory bread you can make that would work perfectly for this keto stuffing recipe.

Carolyn from All Day I Dream About Food has this delicious looking Keto Green Bean Casserole.

Keto Thanksgiving Appetizers

keto roasted mushrooms

Garlic Roasted Mushrooms served with little toothpicks are the perfect appetizer for Thanksgiving or as a side dish.

Our Keto Thanksgiving Menu

Since I follow a Mediterranean diet I don’t have any issue with creating a keto meal plan for Mrs. CBB during celebrations.

When I make the roast chicken I will add carrots to add to my dish as well as two potatoes.

One potato is for me and the other is for our little guy but I’ll cut them into fries as that’s the only way he will eat them.

Main Thanksgiving Meal

Roasted Chicken Thanksgiving

Thanksgiving Roasted Chicken in a roasting pan, 350 degrees, rubbed with butter. In my pestle and mortar, I’ll add fennel seeds, mustard seeds, coriander seeds, sea salt, and pepper. Crush and rub it all over the buttered chicken. Bake based on weight.

Alternate: Keto Turkey Meatloaf Stuffed With Mozzarella Cheese

Roasted Italian Sausages were purchased at Food Basics for $7.99 and I’ll BBQ them for 20 mins for our son.

How To Make Keto Stuffing For Thanksgiving

The Best and Easiest Low Carb Bread F 10 png

Keto Thanksgiving Stuffing is made with keto bread slices that I cut into cubes then dry in a low oven drizzled with some olive oil.

In a skillet add 2 tablespoons butter, 2 chopped stalks celery, 2 cloves of minced garlic, 1 tsp sage, 1 tablespoon Italian seasoning or oregano, and basil, 1 leek or spring onion cleaned and chopped.

Once sauteed for 5 minutes add 1/2 cup keto bone broth and your dried bread cubes.

Sprinkle with salt and pepper pour into a casserole dish and cover with tinfoil and bake in the oven at 300 degrees for 15 minutes until the bone broth is soaked up and then uncovered for 5 minutes.

Some people like to add crumbled sausage or bacon to their keto stuffing and that’s perfectly fine. I stick with more of a traditional stuffing.

Keto Thanksgiving Appetizers

Rolled Proscuitto stuffed with goat cheese and slivered almonds is a lovely appetizer. Spread goat cheese on a thin slice of prosciutto top with slivered almonds and roll. You can make these ahead of time as well.

Below is a bowl of hot, piping Cream of Celery soup. All you need is a little bowl for your guests to get the party started.


Cream of Celery Soup with shredded cheddar cheese is super delicious and budget-friendly.

keto sugar free cranberry sauce

Sugar-free cranberry sauce is easy to make with 2 cups fresh or frozen cranberries, 1 cup water, 1/2 cup sugar-free substitute, cinnamon (if you like), and 1/4 tsp xanthan gum to thicken it up.

Joy-Filled Eats has an easy keto cranberry sauce that you can make in minutes.

Keto Thanksgiving Side Dishes

Keto Creamy Roasted Brussel Sprouts

Mira a food blogger who cooks mainly low-carb and keto has this Brussel Sprouts recipe that is creamy and cheesy.

I think this is a perfect alternative to the crispy roasted Brussel Sprout recipe that I make if you don’t fancy crispy.

How To Make Crispy Roasted Brussel Sprouts

Crispy Roasted Brussel Sprouts with Bacon and onions are very easy to make.

Clean, cut in half, boil until tender, dry off, add bacon and onions to a pan to start cooking then add your Brussel sprouts. Cook until crispy or browned.

You can also put this into the oven. A drizzle of sugar-free maple syrup at the end is divine.

Roasted Spaghetti Squash (cut in half, scoop out seeds and stringy bit, baste with butter, salt, pepper, and bake face down at 300 degrees for about 40 minutes or until golden.

Keto Green Bean Casserole will be on our menu but just a small one for the two of us topped with crunchy parmesan crisps and garlic.

Steamed Asparagus with butter and salt is fairly straightforward. In a pan with a bit of water add asparagus with salt to steam, remove when still a bit crispy then add butter and pepper.

Garlic Butter Cauliflower Mashed Potatoes

cauliflower mash

Sliced cucumbers for our little guy as a vegetable

Tomato salad with green pepper, feta, and pumpkin seeds – extra virgin olive oil, salt, pepper, fresh lemon juice

Thanksgiving Keto Desserts


Keto Pumpkin Pie Bars

keto sugar-free salted caramel cheesecake

Salted Caramel Keto Cheesecake

Before and After Dinner Drinks

Keto Dalgona Coffee

  • Dalgona Pumpkin Spice Coffee
  • Ice-cold Water
  • Almond Milk
  • Macadamia Milk Iced Coffee
  • Milk (for our little guy or apple juice water)
  • Diet Pop

Entertainment For the Night

When I went shopping I picked up 1 medium-sized pumpkin and 3 pumpkins to roast for pumpkin puree.

We plan on carving one of our pumpkins and roasting the pumpkin seeds in the oven.

pumpkin seeds

How To Make Roasted Pumpkin Seeds

Again an easy process from start to finish with a bit of patience.

Pre-heat your oven to 350 degrees

Soak all of the pumpkin seeds in med-ium warm water to losen any strings from the pumpkin seeds.

They will eventually float to the top and you can manually pull them off.

Dry all of the pumpkin seeds on a dish or papertowel.

In a bowl add your pumpkin seeds, avocado oil or EVOO, salt, pepper and any other seasoning you like.

Mix until combined and pour on a parchment lined baking sheet.

Bake until golden brown.

This is a delicious crunchy keto snack.

What Does Thanksgiving Mean To You?

Giving thanks for everything we have and the opportunities and the ability to give back makes us whole.

Thanksgiving is a time to be grateful for not only your family but for the community you live in and how you give back.

Last week we did a one-hour garbage pickup around our son’s school and put it in a shopping back to put in the trash.

It’s the little things that matter but make a big difference.

Happy Thanksgiving from our family to yours.

Mr. and Mrs. CBB.

Discussion: What types of dishes will you have on your Thanksgiving menu? (they don’t have to be keto)

Drop me your comments below as I’d love to read about your meal ideas.

The post How To Plan A Budget Keto Thanksgiving Meal (With Recipes) appeared first on Canadian Budget Binder.

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How To Pay Your Credit Card Off In 4 Weeks (Free Plan Included) : The Saturday Weekend Review #313 Sat, 03 Oct 2020 12:52:12 +0000 Offering You Free Hope To Build Your Dreams Wouldn’t it be nice to pay off your credit card in full in only 4 weeks? Well, look no further because I’ve included a free plan that will help you wipe out your debt forever. Keep reading for the free plan and I hope you understand just... Read more

The post How To Pay Your Credit Card Off In 4 Weeks (Free Plan Included) : The Saturday Weekend Review #313 appeared first on Canadian Budget Binder.

Free Credit Card Payoff Plan

Offering You Free Hope To Build Your Dreams

Wouldn’t it be nice to pay off your credit card in full in only 4 weeks?

Well, look no further because I’ve included a free plan that will help you wipe out your debt forever.

Keep reading for the free plan and I hope you understand just how easy this is for people.

The Miracle On Social Media Street

Often when we are desperate it’s so easy to fall into a trap of believing what someone is saying is true.

There’s one mind-blowing fact that I’ve learned about life and it’s that people are desperate for money and to lose weight.

We want what someone else has because it’s our dream or something we’ve been working towards our entire life.

Maybe you grew up in a poor family or you’ve been obese all your life and you want that miracle so bad you believe anything.

  • I want to be rich but don’t want to work hard or want someone else to do the hard work for me.
  • I want to be slim but have little to no interest in eating healthy or getting fit.

Then comes along someone who says I can make you rich or I can slim you down and you don’t even have to lift a finger.

BOOM. The people are rolling in like ants because it’s that sense of if someone has the magic potion I want in on it.

Sadly, there never will be magic when it comes to money and diets.

What there will be is truth in motivation, hard work, and perseverance to achieve goals.

Let me be clear about one thing, we’ve all at one point in our lives believed someone or something that turned out to be false.

That’s human nature however as technology and our world evolves scams get harder to detect and at times they stare us in the face.

The need to wipe out debt and remove the weight of stress can propel anyone even at the risk of losing everything.

Keto Diet In The Fast Lane

One of the most common online scams I’ve seen lately revolves around weight-loss which is a billion-dollar industry.

The Keto diet has lit up social media and when that happens the goons come out to play or should I say, prey?

The thought of having a better body shape without effort or following a successful timeline as another is like winning the jackpot.

How many of you have seen the comment spammer on Facebook that SO MANY PEOPLE stumble into?

This is how it goes and why I decided to write this post today because I honestly have had enough of the bananas (another word for B.S).

Deceptive Advertising Comments or Spam On Facebook

It will be a photo of a beautiful woman as a Facebook photo to catch your attention but not as thrilling as what she says.

I’ve lost 30lbs in 10 days.

Comment YES below if you want my FREE Keto Meal Plan.

Honestly, it eats me alive when I see these idiots posting comments like this just as much as scam calls about a Microsoft virus on my computer.

And the amount of people that comment YES far succeeds anything I’ve ever seen before and baffles my mind.

Let’s stop and THINK about this for a moment.

  • Who even is this person?
  • What is she gaining from this?
  • There is a URL to a website she provides which most likely includes links to buy something.
  • Is it even possible to lose that much weight in such a short time without doing something such as extended fasting? 
  • Why am I even thinking about clicking on a link such as this?
  • Am I desperate for help that I might fall into the hands of a scammer?
  • Should I be talking to someone I trust instead of a random nobody in the comment section of a Facebook group?

Let’s explore the first question.

Working vs. Volunteering

When you volunteer to do something it’s because there is a greater cause or need for your assistance and it makes you feel good inside.

You want no monetary gain from the service you provide and only want to be thanked for your time and effort.

Typically volunteering lasts short-term or perhaps over a year for an organization even spreading a word.

This is where people can mix up volunteering with working thus almost being preyed upon or even scammed into buying something that did not want to buy.

Whether the service, products, or information provided is true if you were coerced to visit under pretenses to get something free that will end up costing you money, you’ve been duped.

But you’ve only been swindled out of cash because you believe so strongly that the benefits someone else received are what you will get too.

It may be losing weight quickly, paying off debt in a flash, earning thousands of dollars quickly, or becoming an ambassador for a product you have to pay the shipping on.

The Free Results

I went to the URL that she provided throughout the comment section only to find an extensive post about the keto diet.

It was littered with advertising links and it was inaccurate and mixed with a regular diet.

Here let’s look at that free keto meal plan she says you’d get.

Rice, Apples, Whole Grain Bread on a Keto diet is a massive NO.

This has zero to do with keto and more about who has clicked the link to get what they thought was a keto meal plan.

All they got was a keto article filled with ways the owner of the website would make a fortune from people visiting the blog, clicking the link, or even better buying something.

keto diet meal plan

Let’s have a look at how many people believed this person.


Facebook Keto Meal Plan Scam

785 people liked this comment and likely many of them clicked on her link to get her magical keto weight loss meal plan.

The person who is doing this either runs the website or is being paid by the owner to drop these scam links.

Free Product If You Do This

Let’s discuss the free shipping tactic.

The Wish App is a great example of products that are offered for free but you only pay the shipping.

  1. The product isn’t even worth a dollar
  2. You just paid for the product and the shipping
  3. Nothing you got was FREE.
  4. You fell into a trap of making someone else money while they found a way for you to reach into your pocket.

Sadly, most people don’t work for free so whether it’s advice you receive on social media or someone at the grocery store trying to set you up for a credit card that comes with a freebie, there’s always a catch.

What is that catch? Money.

Sure credit cards might have an introductory low-interest-rate offer or zero interest rate but after 6 months it shoots up to 21%.

When you don’t pay your monthly credit card in full and the interest is added on Cha-Ching you just made someone money.

It may not be apparent on the surface but no one works for free, not even me. 

Advertising Business Is Real

When I started this blog, I worked for free as I didn’t have a timeline as I just blogged about our journey.

Most people who are new to blogging think of it as an online journal and that’s about it.

I have to admit that’s basically where I started because I was naive however I did read a Blogging For Dummies book.

What I learned in that book was how to start a blog but I never got around to the financial goal setting part.

It has been 9 years since I started blogging and now this has become a business where I earn a five-figure income.

To be fair I lost tonnes of money over the years by not monetizing this blog the way I should have.

I’ve even been duped by people with advertising I didn’t want or had no idea about.

Blogging Is Not Just A Journal

The thing is blogging is a business that goes far deeper than what you see on the surface. WAY DEEPER.

Advertising is about spreading the word as you’ve seen on this blog and how you choose to interpret it falls in your lap.

Where it becomes fishy is when people sell you a lifestyle or prey upon a weakness you have with sketchy intentions.

As a business such as a blog as it grows so does the cost of managing it and no one is going to do it for free. Nobody.

Do I disclose that? Of course, I do because I’m transparent and I don’t try to pull the wool over your eyes.

Have I always? No, because I was not advertising or did not know that I should have a disclaimer.

There are advertisements and affiliate links throughout my blog many of which I’ve used and reviewed some I have not.

If you decide to click on an advertisement on any website or search engine and make a purchase it’s because you believe in it.

Whether what you just bought lives up to your expectations is another story.

Free At Your Door Step

So, how can you pay your credit card bill in 4 weeks?

  • You win the lottery because a psychic gave you the winning numbers on Facebook
  • Gifts of cash fell from the sky after a wind storm
  • The credit card balance is zero because you haven’t used it yet.

All joking aside I want to send the message out to everyone that we have to be diligent in what we believe especially when it’s Free.

There’s no harm in stepping back and doing research, making phone calls, or talking to someone you trust.

Just keep that in mind the next time you read something that seems too good to be true or someone tries to sell you a financial dream.

If someone is struggling with debt and trying to blog and convince you how to become debt-free think about what you’re walking into.

As the saying goes, if it sounds too good it probably is B.S. or Bananas!

Discussion: Have you ever needed something so bad that you ended up buying it even though it was supposed to be free?

Recent Blog Posts You May Have Missed

mashed cauliflower keto

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

beef stew recipe

I asked myself what types of recipes would I like to try and make in the CBB kitchen and one of them is the beef stew.

Come Fall the comfort food recipes including all things pumpkins start ramping up on Pinterest.

Catalina from Sweet and Savoury Meals has this How To Make Beef Stew recipe and video I think you’ll enjoy.

Not only is her stew stunning looking it’s darn easy to make without lots of steps involved.

Have a look for yourself.

Do you like beef stew? Leave me your comment below.

Frugal Fall Tips

We love to decorate for the different seasons and already have our front porch decorated for Fall.

I share some exclusive shots in my next weekly newsletter so you can see what we’ve done.

This pumpkin idea seemed pretty cool to me and perhaps inspire you to do other craft-like things on your pumpkin.

I wonder what we might do? Hmm.

decorated pumpkin

CBB Motivational Corner

seasonal quote

Home And Blog Update

Canadian Budget Binder

Home Update and Blog Update

There’s not been much action on the blog apart from me updating old posts and recipes for Search Engine Optimization.

It’s a big job and I’m taking it on slowly and this is part of the major problem of me not understanding how to blog when I began.

Like I mentioned above there is far more to blogging for business if you want to earn an income than just typing what’s on your mind.

At home, I’ve been cleaning outdoors, raking leaves, and slowing filling our organic bin with garden debris each week.

Our front porch has transitioned to Fall decor and it seems as if a raccoon felt the need to eat our ornamental corn. Haha!

I’d love to see photos of your Fall front porch to feature on CBB.

Send me your photo with you sitting on your porch (to prove it’s your house) to my email with your permission to use it on my blog and to share on Facebook.

I’ll pick my top 5 and host a contest for a President’s Choice Gift Card.

The contest ends on October 31, 2020.

That’s all for now. Subscribe to the blog to learn far more about the CBB family when I share my bi-weekly newsletter that is not published on the blog but sent to your email.

Be Well,


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.

  • Go Back To Sleep Silly – Ok, thanks for thinking of me.
  • Rule of Thumb For Grocery Shopping – Hm, I’d like to know too
  • Thick Date – What about the rest of the square?
  • Cheapest Meat in Ontario- Vegetarian
  • Costco People- Oh, Oh is there now a People Of Costco just like a People of Walmart?

Thanks for your continued support of CBB and for listening to me ramble about our financial journey.

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

Be well,


The post How To Pay Your Credit Card Off In 4 Weeks (Free Plan Included) : The Saturday Weekend Review #313 appeared first on Canadian Budget Binder.

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The Ultimate Guide: Canadian Insurance Products To Consider Thu, 01 Oct 2020 12:33:50 +0000 When it comes to the various types of insurance products in Canada not all options are mandatory. Today I want to discuss the most talked about insurance products in Canada because I wanted to learn about them all. This post is not just about basic life and home insurance it’s everything and more. If you... Read more

The post The Ultimate Guide: Canadian Insurance Products To Consider appeared first on Canadian Budget Binder.

When it comes to the various types of insurance products in Canada not all options are mandatory.

Today I want to discuss the most talked about insurance products in Canada because I wanted to learn about them all.

This post is not just about basic life and home insurance it’s everything and more.

If you want to know what you could be missing when it comes to insurance products you’ll enjoy this read.

I learned quite a bit during my research and definitely would recommend that all Canadians know their options.

Insurance Canada

Understand What Insurance Products Are Available To You In Canada

Insurance can be tricky and overwhelming for newcomers to Canada, young adults, new parents, and even someone like me in his 40’s.

I’m always learning about different types of insurance in Canada and the reasons why they are needed.

My First Insurance Claim In Canada

Many years ago I was on my way to work in my new truck and a deer decided to plow into me from the side.

Not only did the deer heavily damage my truck but I was rushed to the hospital from glass shatter and the deer smashing into me.

The deer hit the side of my truck, onto my windshield then the back end through my driver’s side window.

I’d never experienced anything like it in my life and there was zero reaction time as the deer jumped out from the ditch.

It was then that I was thankful for the healthcare system in Canada, my auto insurance, and making sure I had alternate transportation insurance.

If I did not have that I would have needed to rent a vehicle plus more vehicle insurance to get back and forth to work.

This could have cost me quite a bit of money depending on how long it takes my auto insurance company to inspect the damage.

If there is no way to repair the damage them I’m left hunting for another vehicle which doesn’t happen overnight.

Needless to say, I was happy that I had all of that sorted ahead of time.

The only thing I didn’t have was roadside assistance with my insurance company or CAA which we have now had for many years.

Overall, my truck was fixed by the insurance company which took one week and I got a loaner car that I still paid extra insurance on just in case.

Medically, I had lots of bruises and cuts all over my face and body not to mention a tonne of blood from the deer and myself.

I ended up being ok though so I was very lucky and I’m damn afraid of those deer now and I watch like a hawk when I drive.

Canadian Insurance Products To Discover

Below you’ll find out a little bit about each insurance product and why you may or may not need to purchase it.

If you see an insurance product that is for Canadians and not on my list email me or comment below.

One of the most important things I’ve learned since moving to Canada from the UK in 2007 is insurance-up.

By that, I mean making sure that we have the proper insurance to cover our needs in the event something should happen.

Most people don’t think about insurance coverage until something does happen but then it’s too late.

Often without insurance coverage costs to you could run as low as product loss to hundreds of thousands of dollars if you cause death or in need of medical assistance outside of Canada.

What is Insurance?

Insurance is like a gold document called a policy between you and your insurance provider.

This insurance policy can save your life financially when it comes to medical emergencies and protects you from financial loss.

Do I need insurance?

This is a good question and one that I’m asked often and it depends on what the insurance is for.

You may not need life insurance if you have no dependants but you may want to get critical illness insurance in the event you become critically ill and can no longer work.

The most important part of insurance is knowing what insurance products are available to you and whether they fit your lifestyle. S

Some insurance products are mandatory such as some of those for auto insurance or if you were to own a home.

What is an Insurance Premium?

An insurance premium is an amount of money an individual or business will pay yearly for the policy coverage you purchase.

For example, our home insurance premium is $1500 a year and we pay that monthly however you may get a discount if you pay in a lump sum.

Many insurance companies offer discounts if you bundle insurance products with them and definitely worth asking or looking into.

The insurance premium is income for the insurance company you are with which they use to pay for claims and the business.

Like any insurance, there will be people who use it and others who will not but pay into it just for peace of mind.

How does an insurance deductible work?

When you file a claim in Canada the insurance deductible is what the policyholder will pay.

For example, if your windshield shatters because of a rock hitting it while driving on the highway your insurance should cover that cost.

Whatever company you choose to do the windshield replacement charges the insurance company for the job you pay the deductible and the insurance covers the rest.

How do I pay for Insurance?

You can choose to pay your insurance by cheque, in person, credit card, online banking, or even a banking app.

If you don’t pay your insurance premiums on time your insurance company may discontinue your policy.

Where can I buy insurance in Canada?

There are a few places you can go to buy Canadian insurance products.

We have our insurance products and retirement savings products purchased through our financial advisor.

Our home insurance and auto insurance was purchased from an insurance agent.

If you opt for an insurance broker this person will find you the best rates and deals that fit your budget.

  • Insurance Agent
  • Financial Advisor
  • Insurance Broker

According to Morison Insurance in Canada is that brokers work on getting the best price for you.

The main difference between an insurance broker vs agent has to do with choice and independence.

An agent and direct writers – such as banks – represent only one insurance company.

These are often call centres with salespeople employed by one insurance company.

There is no comparison shopping for other coverages and prices.

Property Insurance

property insurance Canada

Property insurance also is known as ‘Homeowners Insurance’ is broad insurance that covers your home from several things, notably Fire & Theft, and personal liability.

Even if you have vacant land you’ll want to have property insurance as it protects homeowners and landowners in the event of premises and content damage.

If you live in a Condo or Townhome, your strata fee pays for your property to have fire insurance coverage, you only have to cover your contents insurance for theft, etc.

Your lender will most likely only require proof you have fire insurance coverage on your home unless it is a strata property.

A few Credit Unions require Earthquake coverage in B.C.

Mortgage Life Insurance

Although I’m not a huge fan of mortgage insurance many people still opt into getting it because it meets their needs.

Mortgage life insurance is something you purchase as a mortgage owner. 

This type of insurance policy covers the balance of the mortgage owing in the event of the death of the mortgage holders.

However, if you opt for life insurance and someone dies for whatever reason you get the full policy amount for the beneficiary to use as needed.

Related: Understanding Mortgage Insurance In Canada

Title Insurance

What is title insurance?

Title insurance is an insurance policy that protects residential or commercial property owners and their lenders against losses related to the property’s title or ownership.

Title insurance is not a requirement in Ontario although you should talk to your real estate lawyer before declining.

Title Insurance Coverage

What does title insurance cover?

  • Title defects or issues with the property
  • Liens against the property
  • Encroachment issues
  • Title Fraud
  • Errors in surveys and public records.

You can read about understanding Title Insurance In Canada.

Renters Insurance

Tenants Insurance in Canada is an insurance policy that protects you and the contents of your home in the event of a fire, theft, damage, etc.

The cost is low for this and you can easily get a tenants insurance quote online if wanted a ballpark idea of what you might be paying.

You should have tenants insurance for 2 main reasons in my opinion or at least this is what would scare me enough to get it.

Liability, Personal Liability

As described above in the event a guest gets injured inside your living area and decides to bring you to court and sue it’s best to be covered.

If you lose you may be on the hook for court fees and settlement fees.

You don’t want to be paying out-of-pocket for these charges.

Your entire financial world can be turned upside down in an instant.

This may also protect you or a guest in case damage is caused to the building not only your apartment but the entire building.

You can read all about renters’ insurance here.

You can also find more information at the Insurance Bureau of Canada another great resource set up for Canadians.

Condo Owner’s Insurance

Like an apartment building a condo complex has insurance for the building but not for your unit or what assets you have inside.

This is why it’s important to have condo insurance to protect what you work hard for in the event of a fire, break and enter, theft, or property damage.

According to Sonnet Insurance Canada, their condo insurance covers the following:

  • Liability Insurance protects you and your visitors in your condo as well any unintentional damage you may cause.
  • Personal Belongings

Often called contents insurance, this protects anything you own that you could pack in a bag or put in a moving truck.

Things like your clothing, electronics, furniture, etc. are covered no matter where they are (whether they’re in your house or not).

Just keep in mind, if you’re renting out your condo, only major appliances (like your fridge, stove and washing machine) are covered for theft.

  • Extra Expenses such as having to live in a hotel until repairs to your condo are completed.

There’s also sewer backup, overland backup, and optional extra insurance if you need more than what will be provided.

Travel Medical Insurance

insurance travel

Travel insurance is a must any time you travel outside of the province or Canada.

This type of insurance will protect you in the event of an accident or illness.

Health and Dental Insurance

dental xrays

Health and Dental insurance is great for people who are retiring, self-employed, or have no benefits provided by their employer.

When you don’t have group benefits you should look into the costs of health and dental insurance to take care of yourself and your family.

Health and dental insurance will help pay for costs that our provincial government will not cover such as drugs, ambulance, hospital, vision care, and so on.

Canadian Visitors Insurance

This was something I was not aware of but if you are visiting Canada as I did for 4 months while we were dating you can get insurance coverage while you’re here.

This type of insurance will be for someone who is not eligible for health coverage under the Canadian government.

If you’re in good health and a landed immigrant, worker, foreign student, visitor, or even Canadian expatriates this is the visitor insurance you’ll need to get a quote for.

It will protect you while you are staying in Canada in the event something should happen to you such as illness or an accident.

Auto Insurance

auto insurance Canada

We have our auto insurance through Johnson Insurance but my inlaws have theirs through Dejardins Insurance which is the focus of this Auto Insurance section.

Liability Insurance is coverage that protects you when the cause of an accident is your fault.

If there is damage to another person, property, or vehicle liability insurance is your savior.

Liability insurance will also cover your court costs and lawyer fees in the event you are sued which could cost thousands of dollars.

Do you need liability insurance? A hard yes! Every province has a minimum amount you must purchase although you can increase that. Like any other increase, you’ll see the cost for this coverage swell as well.

Accident Benefits

car accident

These types of benefits are mandatory because they protect you when you are in a vehicle accident.

The accident benefits may cover income loss or job loss, rehabilitation (physio, therapy, etc), funeral, and death benefits although you can purchase this insurance separately as well.

Collision coverage comes with a deductible that is set by you the driver but starts at a minimum.

This type of coverage is for the vehicle. For example, if you were to get into a collision your coverage might include collision with an animal (erm, deer), object, vehicle, or if you roll your vehicle into space.

Our deductible is $500 which means we pay the first $500 of the repair costs of what our insurance policy covers.

You can bump your deductible to $1000 if you want which may lower your premium but increase your deductible in the event of a collision.

Not all vehicles have collisions especially if they are junk cars running on their last leg of life. The owner might not care and would just scrap it.

If you are leasing or financing a vehicle you may be required to buy collision coverage to protect the buyer and seller.

Comprehensive Coverage

You’ll find comprehensive coverage to be the insurance that covers anything that is not caused by a collision.

The types of coverage may include,

  • Theft (most common) when someone steals your vehicle.
  • Floods when you forget to shut the window and your car floods? Your street floods and it impacts your car? You drive through a flood because you had no other alternative.
  • Wind damage when the wind blows your car away or perhaps a tornado takes it to Oz.
  • Hail damage if chunks of  hail cause a window chip, paint chip, dents on your vehicle
  • Fire Damage when your car catches on fire explodes or you have a house fire that gets to your car.
  • Vandalism (I wonder if they would cover a chipmunk who chewed our neighbours wires inside of the engine? ha)

Again, the deductible is up to you and whether you want to lower your premium or pay more out of pocket in the event something should happen.

Uninsured Automobile Coverage

This is mandatory coverage that all drivers need which covers you in the event of a hit and run or by an idiot who is driving without any liability insurance and hits you.

Transportation Replacement

As I mentioned above when I got hit by a deer I luckily had this coverage on our insurance policy so I was able to get a rental.

If you have a second vehicle you can use (we didn’t) then you don’t need to take out this coverage.

Emergency Roadside Assistance

emergency roadside assistance

When you run out of gas, lock your keys in the car, or need a tow this is when having emergency roadside assistance comes in handy.

The day I was hit by a deer I had to pay the towing fee because I didn’t have CAA but for some reason, our insurance company ended up covering it.

I didn’t ask any questions if you know what I mean.

Since then we have purchased CAA yearly to make sure we always have some form of emergency coverage while we are driving.

Recreation and Leisure Vehicle Insurance

Just as owning a vehicle there are recreation and leisure vehicles that must be insured before you can use them.

Let’s have a look at the common ones.

Motorcycle Insurance


If you own a motorcycle there is special insurance just for you that covers injury to yourself by an uninsured driver, damage to your motorcycle or side-car, bodily injury that you cause to yourself or property while on your bike.

Do you need motorcycle insurance? YES!

Boats and Other Leisure Crafts

If you own a boat or any other type of leisure craft in Canada you will need to purchase insurance for it.

Having this type of insurance also protects you if you have an accident and cause injury to someone else or their property.

You will also be covered for legal defense if you were to be sued which is very important to consider as it could happen.

They also offer, emergency services, wreck removal, watercraft replacement, death and funeral expenses as well as accidental death coverage for anyone operating a watercraft which is optional.

So, very similar to a vehicle insurance umbrella but for a watercraft.

For example at Dejardin’s their watercraft insurance perils cover the following,

Insured perils

Our watercraft insurance policy will provide you with the best coverages (all-risks with some exclusions) for your watercraft and its motor, such as:

  • Sinking
  • Fire
  • Storms
  • Theft
  • Capsizing
  • Stranding
  • Collision
  • Explosion

Property coverages

  • Equipment permanently attached to the watercraft
  • Anchors
  • Oars
  • Electric trolling motors
  • Extra fuel tanks
  • Tools
  • Detachable canopies
  • Seat cushions
  • Life preservers
  • Dinghies

Snowmobile Insurance

Similar to the watercraft insurance the snowmobile coverage will look after;

  • bodily injury
  • theft
  • vandalism
  • fire
  • accidents
  • damage to property
  • injury someone else

Having these types of toys are nice to have but for the small cost of having insurance, it gives you peace of mind.

Even if your snowmobile is in storage off-season your insurance policy will cover it for theft.

Group Insurance (Employer Sponsored)

This type of insurance is offered by your employer where the employee may pay a small premium based on the coverage.

Some employers offer various benefits packages to their employees at different price points.

You don’t need to take the employee benefits but you’d be silly not to since it covers all sorts including but not limited;

  • Dental insurance
  • Medical
  • Travel
  • Physio, Occupational therapy, Massage, Acupuncture, etc.
  • Nutrition
  • Eyewear
  • Group Life insurance
  • Retirement Savings

According to Benefits Canada, the five most common employee benefits offered by Canadian employers are

  1. health and dental insurance
  2. group life insurance
  3. training expenses
  4. vehicle allowances
  5. gifts and awards

These results are according to a survey by the Canadian Payroll Association (CPA).

Life Insurance Products

When we think about insurance products in Canada life insurance springs to mind mainly term life and whole life insurance.

Let’s take a look at the differences however keep in mind that each insurance company or advisor has policies that differ from company to company.

Term Life Insurance

Term life insurance is the cheapest and most affordable life insurance in Canada.

With budgets being so tight most people opt for term life insurance and are straightforward and simple to understand.

Term life insurance is a type of life insurance that provides coverage for a specific number of years which is known as the term.

The shortest term length available in Canada is 10 years.

Typically, you will try to match the length of the term with how long you require life insurance.

If you pass away before the term comes due, the beneficiary of the policy (typically your spouse, children or estate) will receive a death benefit.

The death benefit is paid out to the beneficiaries typically as a one-time, lump sum amount tax free.

Many Canadians are unaware that life insurance is 100% tax free. – Source

Permanent or Whole Life Insurance

What is permanent life insurance in Canada?

I went to Sunlife Canada to find out and here’s what they have to say.

Permanent life insurance is often called whole life insurance because it covers you for your whole life.

It gives your beneficiaries a tax-free payment after you die.

Some plans can build cash value over time. Permanent insurance costs are usually guaranteed not to increase from the time you first buy the policy.

And some permanent insurance plans let you pay for a limited time and then never again.

Universal life and participating life are other forms of permanent life insurance to consider.

Par Whole Life Insurance

We currently changed our life insurance with Manulife Canada to their Par Whole Life Insurance since our term insurance was coming due.

The best part was the transition over without another medical needed.

  • Earn an annual dividend to grow your insurance coverage and cash value beyond guarantees
  • Choose how long you pay your premium and, how frequently
  • Access your policy’s cash value at any time or, if you become disabled
  • Make additional payments into your policy to increase your protection, whenever you choose!
  • Reach your long-term financial goals and benefit from tax-advantaged options
  • Build collateral for a loan, enhance your estate planning, and compliment a retirement plan

Critical Illness Insurance

critical illness insurance Canada

Critical illness insurance is a policy that you purchase from your life insurance provider that will pay you a lump sum for critical illness.

Not all critical illnesses are covered so it’s important to discuss this with your policy advisor and to always tell the truth.

Critical illness insurance often covers illnesses such as cancer, heart attacks, or even a stroke where you are no longer able to work.

This can be finicky if they find out you’ve had an existing illness and you try to make a policy claim.

Protecting your family if you are the main breadwinner with critical illness insurance while you are healthy is a smart investment.

Disability Insurance

What is a disability?

A disability is something that prevents you from living and functioning in life which keeps you away from work and often family and friends.

You may have a disability that is a mental illness or one that you cannot see. Some disabilities are obvious and others that are not.

A disability is any condition of the body or mind (impairment) that makes it more difficult for the person with the condition to do certain activities (activity limitation) and interact with the world around them (participation restrictions). – Source Centre For Disease Control and Prevention.

It may be permanent disability or one that is short-term and may go away quickly.

Disability insurance can help protect you and your family from an unexpected illness or accident that leaves you unable to work and earn an income.

Generally, disability insurance replaces between 60% and 85% of your regular income, up to a maximum amount, for a specified time if you: temporarily can’t work.

Disability insurance can help protect you and your family from an unexpected illness or accident that leaves you unable to work and earn an income.

Generally, disability insurance replaces between 60% and 85% of your regular income, up to a maximum amount, for a specified time if you:

  • temporarily can’t work
  • are permanently disabled due to an injury or illness

If you don’t have short-term disability coverage and your employer does not offer one, you may be eligible for Employment Insurance (EI) sickness benefits.

To be eligible for EI sickness benefits, you must:

  • usually have used all of your sick leave
  • have worked enough hours

Find out if you’re eligible for EI benefits.

Long-term disability Insurance

hospital room

Long-term disability insurance benefits generally begin when the following benefits end:

  • short-term disability insurance
  • sick leave benefits from your employer
  • EI benefits

Most long-term disability plans will replace 60% to 70% of your normal income.

Each disability plan is different. Some may provide disability benefits for up to two years if you’re unable to return to work.

After two years, you may continue to receive benefits only if you’re unable to work at any job.

Short-term Disability Insurance

Short-term disability coverage typically provides benefits for up to 6 months while you’re sick or injured.

If your employer has a short-term disability plan, your claim must be made through your disability plan.

Employers aren’t required to provide paid sick leave and each employer is different.

Funeral Insurance


If you have no life insurance or money set aside for a funeral you may want to consider buying funeral insurance.

This type of insurance is designed to only cover funeral costs and expenses which can be overwhelming for a family.

No one in Canada will be left without a burial but being prepared is far better than worrying when the time comes.

Related: Average Canadian Funeral Costs In Canada

Various Insurance Products

With Event Ticket Protector insurance, if you can’t attend an event for any covered reason – such as;

  • illness
  • airline delays
  • traffic accidents, and more

For these types of issues you can be reimbursed for your ticket cost and eligible fees.

Coverage includes the ticket price, taxes, convenience fees and shipping charges along with all other event–related items that have been added to your order, such as parking – up to a maximum of $1,000 CAD.

  • Jewellery Insurance is usually purchased from your insurance advisor.

Pet Insurance

Pet Insuranc Canada

The first question you should ask before you get a pet is, Can I afford a pet?

There are lots of costs involved with owning a pet from food to clothing to medications that can cost into the thousands over a lifetime.

Do I Need To Buy Cat Insurance?

That’s up to you and whether you can afford it however it probably is a smart idea.

One of the best companies to buy pet insurance from in Canada is Trupanion which we considered with our pet.

He passed away shortly after.

Get a FREE cat quote from Trupanion

Pet insurance no matter why type of pet you have will never be a waste of money if you consider the costs of veterinarians in Canada.

This is why it’s so important to budget for your pets, have emergency savings, and to consider getting pet insurance.

Related: How much does it cost to raise a cat in Canada?

Business Insurance Products

Business insurance is important because it helps to grow their team and to be prepared for situations beyond their control.

By contacting an insurance agent they can help you come to create a business insurance plan that fits for your business.

These types of insurance and benefits packages also help to recruit and retain employees when they know you are looking out for them.

Many insurance companies who offer business insurance will also discuss with you other forms of insurance for your business such as;

  • liability
  • property insurance
  • commercial vehicle
  • auto insurance

Identity Fraud Insurance Insurance Products

Your finances are such an important and private part of your life the last thing you want is someone to steal your identity and ruin it.

For a small fee, you can purchase identity fraud insurance that will help clean up the mess that someone makes when they steal your identity.

Anything from your credit score to making phone calls on your behalf, legal fees, to sort the situation to pay for fees you incur.

Depending on your identity fraud insurance policy it may even pay for lost wages, daycare for your child or other dependants.

With today’s technology, anything is possible and it’s happened more than once that identity has been stolen so it’s simple insurance to tack on to your other insurance products.

This also gives you another motivation to make sure that you check your credit score and credit report yearly.

Legal Expense Insurance For Gun Owners

If you live in Canada and are in possession of guns that are registered legal expense insurance is something to consider.

Licensed firearms owners should strongly consider getting Firearm Legal Defence Insurance. The firearms laws in Canada are very strict, yet very confusing and not well understood even by police officers.

Since even the “paper crimes” (e.g. forgetting your licence at home and going to the range) carry mandatory minimum prison sentences that would destroy most people’s lives, it is a good investment. – Ken Quick (Facebook CBB)

What is legal expense insurance?

This is Firearm Legal Defence insurance for Canadians who have guns.

For just $95 a year in the event, something should happen and you are sued legal expense insurance will guide you through policies and pays your legal fees while defending your rights.

Legal Expenses Covered

  1. The cost of retaining a lawyer or other appointed representative, including court fees, experts’ fees, police reports and medical reports.
  2. Costs awarded by the court to opponents in civil cases if the insured person has been ordered to pay them, or pays them with the agreement of the insurance company.
  3. Lost salary or wages for the time the insured is off work to attend court or any other hearing at the request of the appointed representative, up to a maximum of $500 per day, and $10,000 in total.

The maximum benefit payable is $250,000 per occurrence or up to $1,000,000 for multiple occurrences in the same policy year.

Visit for more info.

Insurance Is Your Protection

No matter what you insurance products you choose to purchase ultimately it’s up to what you can afford and what fits your needs.

We own many of the insurance products above since doing our research and feel protected and happy that we don’t have to worry as much.

Discussion: Are there any other types of Canadian insurance products that should be added to this list?

Leave me your comments and experiences below and I’ll reply back.


The post The Ultimate Guide: Canadian Insurance Products To Consider appeared first on Canadian Budget Binder.

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How To Get Help Paying Rent Tue, 29 Sep 2020 12:36:54 +0000 Emergency Rent Financial Assistance Awaits For Those Who Qualify Almost everything has gone wrong in 2020 and the biggest impact besides the obvious is the financial struggles for Canadians. Imagine you get a rent reminder text and suddenly you realize that you aren’t able to pay your rent in full. What are you going to... Read more

The post How To Get Help Paying Rent appeared first on Canadian Budget Binder.

pay rent help

Emergency Rent Financial Assistance Awaits For Those Who Qualify

Almost everything has gone wrong in 2020 and the biggest impact besides the obvious is the financial struggles for Canadians.

Imagine you get a rent reminder text and suddenly you realize that you aren’t able to pay your rent in full.

What are you going to do?

As a renter, it’s important to know all of your options before any type of hardship arises so you’re prepared to target them all.

Today I’m focusing on  Ontario and some parts of Canada about ways people can find help paying rent.

By doing so it can help a renter to avoid eviction while trying to solve their immediate financial situation.

If you don’t pay your rent on time you may face an eviction notice or a letter from your landlord to pay up or move out.

With so many people being laid off, losing their jobs, or having to take reduced work hours money is tight for lots of people.

As of September 27, 2020, the Ontario government has made changes to the Employment Insurance program to better support Canadians through Covid-19.

If you’ve stopped working because of COVID-19, the Canada Emergency Response Benefit (CERB) may provide you with temporary income support. For more information and to apply, go to Canada Emergency Response Benefit.

For some, emergency circumstances may have wiped their savings dry or they may have had to dip into their monthly income.

Any time we have to take away from our net income something that we haven’t budgeted for another area is going to suffer.

This is why it’s so important to have an emergency savings fund however when help is needed quickly you need to know available resources.

Talk to your landlord

for rent

If you are struggling to pay rent the first line of action would be to talk to your landlord.

Just as you may be struggling to pay rent your landlord may have a mortgage to pay that must be paid to the bank.

This is ultimately the person who is either going to work with you or want you to move out if you can’t pay your rent.

Approach the situation with ease and show your landlord what ways you are working on getting help paying rent.

By telling the landlord the situation and steps you are taking to make things right encourages them to believe in you.

Also, see if there are any ways you can help to make the property better or to earn some money to pay the rent you owe.

Perhaps when you explain your financial situation to your landlord he/she may have other ideas to get help paying rent.

For example, if you are struggling for work your landlord might know someone who is hiring or needs employees.

When we were renting part of our cheap rental costs since I had no job and was new to Canada was home maintenance guy.

I took out the trash, shoveled the driveway, renovated a bathroom, mowed the lawn, and anything else that needed to be done.

In the process, I was going to school and working full-time on the weekends so we didn’t have to touch our savings.

The savings we did have were to be used to buy our first house and we didn’t want to jeopardize that opportunity.

This is why we went looking for other ways to lower our rent, earn extra money, and save money wherever we could.

Get A Roommate

If you live in subsidized housing or geared to income housing in Ontario you should talk to your caseworker before getting a roommate.

The reason for this is if you have to report your monthly income to ODSP that would include any roommate income.

This extra income may affect your eligibility for low-income housing support in your community. It may not.

If you can find a roommate to fill an empty room that certainly can help increase your income each month.

Just remember that you need to give your roommate rent receipts and claim the rental income on your income tax.

Alternatively, you might have to move in with someone else until you can get back up on your feet again.

This might even mean moving back home with your parents or perhaps friends or siblings.

Community Organizations and Churches

Some communities also offer programs such as rent banks where they offer you money to pay your rent interest-free.

Wherever you live in Ontario find out what community organizations are in your area and reach out to them.

If in doubt you can always contact local church organizations who may be able to direct you or the local housing authority.

A phone call to city hall may also yield success in locating community programs that may help paying rent when you are stuck.

Ontario Disability Support Program

The Ontario Disability Support Program (ODSP) is for people who have a disability and are unable to work in the community.

There is also an ODSP income support program that assists people and families to pay for rent.

ODSP offers:

  • financial assistance to help you and your family with essential living expenses
  • benefits, for you and your family, including prescription drugs and vision care
  • help to find and keeping a job, and advancing your career

Below is a chart that states the number of people the benefit will help and the maximum monthly shelter allowance.

The Canada-Ontario Housing Benefit (COHB) is a portable housing allowance program for eligible low-income households to help them with their housing costs.

What is Ontario Works?

Ontario Works helps people who are in financial need. It offers two types of assistance:

  • Financial assistance, including:income support to help with the costs of basic needs, like food, clothing and shelter
  • health benefits for clients and their families
Benefit Unit Size

Maximum Monthly
Shelter Allowance











6 or more


If you’re still struggling and need help paying rent after qualifying for Ontario Works or the Ontario Disability Support Program you can turn to the following options.

Family Members and Friends

rent help

This is probably my second least favourite route to suggest for those of you who need help paying rent but if you may, then do it.

Some families and friends are willing to help out but you should always never let them ask you for the money back.

Pay them the amount you borrowed on time as you agree before they give you any rent money.

You don’t want to burn bridges with family and friends over money but if you’re fortunate to have the help then take it if you can.

For those of you with friends and family who do lend money to help with paying the rent to expect to never see it again.

I know that sounds harsh but the reality is that when someone is struggling so much it may take forever to pay back a loan if ever.

The Canadian Red Cross

Across Canada, the Canadian Red Cross has support programs put in place to help those in need such as Community Housing Support.

This program provides financial assistance to families or individuals who are living in poverty or at risk of homelessness.

The Red Cross only offers one-time financial assistance based on the urgent needs of the individual or family.

The Salvation Army

Your local Salvation Army is the largest non-governmental provider of social services in Canada and helps individuals and families on all levels.

They provide shelter and help for those in need of secure housing in their community and perhaps with help paying rent and utilities.

You can also access food, clothing, and other support needs through your local Salvation Army services.

A program run by The Salvation Army In Kingston, Ontario for example provides all of the above through the Homelessness Prevention Fund.

The Homelessness Prevention Fund (HPF) provides eligible individuals and families grants (non-repayable) to help them stay housed or secure housing. Funds may be used to prevent eviction or to assist people who are homeless to move to permanent housing. Recipient households are required to have a plan to prevent dependency on the fund.

The Homelessness Prevention Fund replaces funding previously provided under the Low Income Assistance Bank, the Rental Deposit Assistance Program, and the Utility Arrears Program.

Salvation Army Kingston Community & Family Services Branch and Southern Frontenac Community Services Corporation in the County of Frontenac administer this fund and have final approval on all applications.

211 Ontario Program

The 211 Ontario program is a resource helpline and online database for Ontarians who need assistance in their community.

This program is made up of a board of directors who volunteer their time to help people in need.

I had no idea about 211 Ontario when I moved to Canada 12 years ago but wish I had because it’s a wealth of information.

The program was established in 2001 and since 2012 it has been available all over Ontario.

A few examples of what you can find on Ontario 211 in your community by filling out the search bar and location.

There is also a live chat that you can participate in online or you can call with any questions you do find answers for on the website.

  • Rent Banks
  • Emergency Welfare Assistance
  • Utility Assitance Programs

Below I’ve researched two Ontario cities one being Windsor, Ontario, and the other Halton Hills.

I wanted to learn how the community was able to offer help paying rent for those in need of quick assistance to avoid eviction.

As you will notice most community programs are similar but the great thing is that there are assistance programs.

Housing Stability Fund To Get Help Paying Rent


Last month deposit

Halton Region Housing Stability Fund Call Halton Region 905-825-6000 or see a separate listing here

* For those with low income who are unable to pay last month deposit

Help to pay rent

For one-time help, contact Halton Region Housing Stability Fund

Call Halton Region 905-825-6000 or see a separate listing here

Are you at risk of losing your housing?

Are you struggling to pay your housing costs? Afraid of eviction? Halton Region’s Housing Stability program may be able to help you.

This program will assess your eligibility for one-time assistance with basic housing expenses such as:

  • Rental arrears (overdue rent payments)
  • Last month’s rent
  • Utility arrears
  • Moving/storage
  • Furniture

The purpose of this program is to help people maintain their housing.

How to apply

Call 311 to discuss your situation and apply for this program.

Housing Support Services: Housing Expense Assistance

The city of Windsor Ontario also has a program like almost every community across Ontario.

The Windsor, Essex program is called Housing Stability Plan (HSP) for people with low-income and in need due to emergencies or circumstances that were unforeseen, short-term arrears, or facing eviction.

Eligibility for the HSP Program For Help Paying Rent

This is where it can get tricky because for all of these support programs that offer help paying rent you must qualify.

From what I’ve read most of the qualifications are similar but it’s best to call the program for your city.

Let’s have a look at the Windsor eligibility to get help paying rent.

One point that stood out was that you couldn’t be in arrears for more than two months with a late rent payment.

This is a good reason to know what your community offers for financial assistance so you don’t miss an opportunity when needed.

Another good point is whether you are living in an affordable housing arrangement.

If you are renting an apartment for example that is far too expensive for any income that you receive you may need to move or risk not qualifying.

This is always a tough situation since rentals are hard to come by in many Ontario cities and taking the first one offered for peace of mind seems fitting at the time but may hurt you down the road.

  1. A resident of Windsor/Essex County * In receipt of Ontario Works (OW) or Ontario Disability Support Program (ODSP), or meet low-income criteria set by the Ministry
  2. Have not received HSP assistance in the past 2 years *
  3. Have housing costs that are affordable and sustainable
  4. Are in rental arrears which do not exceed two (2) months
  5. Are in immediate danger of losing their home due to unpaid rent (eviction)
  6. Have resided at the address for a minimum of one (1) year; and * Have a documented need to relocate (e.g. victim of violence, uninhabitable premises, recently discharged from an institution, health-related).

Bank Loan or Credit Card Options

This may be a slim chance but it’s better than having to live on the streets especially if your stressed financial situation is only temporary.

Based on your debt to income ratio and current employment status your bank may be able to help you out with a bank loan.

Other last resort options may be to pay your rent on a credit card only if you have a plan to pay it back as soon as possible.

You might even want to take advantage of a credit card balance transfer option to avoid unnecessary interest charges.

Keeping large expenses on a credit card coupled with interest rates if you don’t pay the full amount each month is costly.

As much as I hate to suggest it I also hate to see people left out on the streets with or without children.

But before anything of this sort source out other options that might put you in a better financial position.

On the other hand, debt is a big deal, and not paying it back can cause many financial curveballs down the road.

Always make sure to check your credit report annually to see where you stand with your financial health.

Finding Affordable Housing

apartment rental

No matter what your income source is affordable housing is imperative to your overall monthly budget.

If you can’t afford all of your bills with the income you net each month there’s going to be a problem eventually.

Creating a monthly budget to see what you can afford is the ideal first step in figuring out your financial situation.

Always including an emergency savings fund and eliminating extras you don’t need in your budgets such as cable or internet helps.

Ideally, you’ll want to put yourself in a place where you don’t have financial stress month after month.

It may not be an ideal situation without cable or internet but you still have community options such as the library for free internet and movie rentals.

Access All Free Local Resources

Keep an open mind, be optimistic, and plan from start to finish what you’re ideal stress-free financial situation would be.

There are quite a few local resources as I mentioned above but beyond that, you need to look out for yourself.

You can’t keep going on spending money you don’t have or living somewhere that is unaffordable even if it’s the only place available.

A post I wrote about how to optimize your budget to help pay your rent is a great resource to start with on CBB.

I’d also direct you to the 10 Step Mini-Budgeting Series that I created for us when we started our budgeting journey.

Even if you think you are doing all that you can to save money it’s worth having a look to see if you’re missing anything.

We’ve learned quite a bit along the way about our financial health and there were always ways to improve.

Discussion: What ways does your community do to for those people needing help paying rent?

Have you been in this situation and how did it work out for you? I’d love to read your feedback on this topic below.



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