How Should We Budget $5000 of Discretionary Income?

PLAYING WITH SPARE CASH   Not many people can say they have extra discretionary income kicking about every month where they have to drum up ideas about how to spend it.  For those of you that do you can still manage that money with a budget if you want to stay on track with your financial goals. When Mrs. CBB and I paid off our mortgage in April 2014 it was a grand time for us. We managed to break down our mortgage into pieces and pay it off far sooner that we had ever dreamed of. The reason that happened was due to perseverance and a drive to be successful at whatever we did. I guess in a way we were pushing ourselves to earn more money but we knew in the back of our minds that it was all stepping-stones for our dream career roll. Now that our mortgage is paid we have lots of discretionary income which we just recently worked into our budget. Lots of people would be more than tempted to start spending money especially if they’ve hit it big time and the money is rolling in.   What is Discretionary income vs. Disposable Income? […]

grocery game monthly challenge

How To Take A Baby Grocery Shopping Successfully : The Grocery Game Challenge #4 July 27-Aug 2, 2015

A NEW WAY OF SHOPPING   Congratulations new parents! You have to eat so unless you have someone else doing your grocery shopping you need to learn how to take your baby grocery shopping. Parenting…my goodness where do I begin? It’s one of those topics that NEVER ends. When it came to grocery shopping we wanted to know how to bring our baby shopping without pulling our hair out. For many new parents their new lives can be overwhelming with everything from bringing the baby home for the first time to bringing baby outside into a world of chaos and harmony. Many parents focus on germs, illnesses, feedings, diaper changes etc. when deciding whether to venture outdoors but the worst thing you can do is stay indoors all the time. You can still have lots of giggles and kisses outside as you can indoors. One of the most nerve-racking places parents worry about going is to the grocery shopping or shopping in general. Bringing your baby grocery shopping doesn’t have to be stressful so don’t let every comment you read on the internet scare you into hibernating indoors and ordering in until your baby is a toddler. After years and […]

Our new baby has changed our life: The Saturday Weekend Review #88

A BABY HAS BEEN BORN   I’ve received lots of emails from the fans wondering if our baby had arrived and he has! Yes, we have a son who I will call baby CBB and he’s adorable with chubby cheeks, long fingers and a huge appetite. Baby boy names are just as difficult to figure out as is a baby girl’s name. His real name is a biblical name which took forever for us to agree on. It’s not easy coming up with a baby name that both parents like but in the end it worked out for us. Everyone says he looks like me and I agree especially his facial features and feet. I’m not sure if he will have my green eyes as that takes time. As new parents we are learning every single day and we are making mistakes and learning from them. I never expected being a parent to be a walk in the park but there is a certain rush of energy you get when you know that you are a little one’s life-line.   Baby expenses   Just the other day we made a mad dash to Target for the second time since they […]

Retirement investments revisited: July 2014 Net Worth Update (+1.40%)

STAYING ON TOP OF OUR FINANCES   This month we finally sat with our financial advisor to chat about topping up our retirement investments like we’ve been planning on doing once the mortgage was paid in full. Now that we have told all of you that we are expecting our first child very soon our budget and net worth will change but we will worry about that when the time comes. Our finances are not just about us anymore so although we are planning our retirement investments we need to start thinking about Baby CBB. We will be setting up an RESP for baby as soon as we can so we don’t fall behind on any important educational investing. Most of this month’s net worth increase came from our net income because we worked some overtime and combined with last month almost net close to $20,000. The news of us having a baby has really changed our financial mindset but one thing is for sure we will be putting our money to work for us best we can. No, we don’t invest on our own and I know for some of you that is a big no, no but not […]

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