MONEY IS YOUR BOX AND A BUDGET IS YOUR KEY TO FINANCIAL FREEDOM Understanding the difference between a living wage and minimum wage is just as important as knowing your financial numbers from start to finish. Just the other day on Facebook I was reading through the comments after a sponsored post by a popular budgeting app popped up on my screen advertising their service. I suppose reading what others think about budgeting is important to me since this blog revolves around budgeting and frugal living topics. Two of the most important comments I wanted to talk about today which I read stuck in my head because I wanted to speak up and tell them, don’t wait for a living wage to budget, do it now. I’m not budgeting until I have a living wage Why should I pay to use a budget when I’m broke Your debt costs more than you think once you factor in all the interest calculated over the term of paying it back. In fact reading the bottom of your credit card statement might just shock you when you see how long it would take to pay off whatever you charged. Go have a […]
Waiting For A Living Wage To Start Budgeting Is A Bad Idea: The Saturday Weekend Review #252
The Ultimate Guide Of Frugal Living Ideas To Increase Savings : January 2018 Budget Update
INCREASE SAVINGS BY LEARNING WHAT SUCCESSFUL SAVERS ARE DOING There are tonnes of frugal living ideas saturating the online market so today we wanted to create an Ultimate Guide of Frugal Living Tips that we successfully use. The importance of this guide is to highlight what has worked for us to help us become debt free so young. Well, if you consider 40 young then we’re young. If you consider it old then we’re old. The verbal savings plan Mrs. CBB and I created back in 2012 was simple, “It’s not about how much money you make it’s how you save it” and from there we took off. I know you are thinking that it’s easier said than done, trust me I know especially when there are so many goals you’d like to tackle at once. Don’t stress yourself out – One step at a time will help keep you motivated I’m not going to list a million ways you can apply frugal living ideas to your life but rather keep it simple by discussing ideas that work for us. We didn’t go overboard like some frugal fanatics because that wasn’t the route we wanted or needed […]
3 Money Smart Strategies We Applied In Our 30’s To Erase Debt
DO SOMETHING WITH YOUR MONEY THAT YOU NEVER THOUGHT POSSIBLE It’s still hard to believe that we managed to become debt free including our mortgage before the age of 40. We credit our success by applying simple money smart strategies in our 30’s that got us over the hump. You don’t have to have a degree to become a money smart consumer especially when tackling debt is a matter of choice. You either do it, or you don’t but the end results will be in part the actions of your willingness to erase debt and get the hell out of the rat race. Did you know that Canadians are world leaders in debt. Not something to be proud of really. A report from the Organization for Economic Co-operation and Development (OECD) shows that Canadian households are among the most indebted in the world. In fact, Canada tops the list of countries surveyed. Debt never sleeps If you’re one of those people who can’t sleep because you’ve got debt on the brain, you’re not alone. Debt freedom opening hours are all day every day especially when you’re dealing with your financial future. You may sleep but your money […]
5 Simple Personal Finance Tools You Need For Budgeting
IT’S NOT ALWAYS ABOUT TRYING TO FIX SOMETHING THAT IS BROKEN. For many people money management tools can be overwhelming especially when computer programs come into play such as excel or even finance apps. Please don’t feel pressured into believing you need to own a computer or a cell-phone to stay on top of your finances. That’s simply NOT true. My parents are NOT computer savvy and have no interest in budgeting or banking online. They don’t trust the system because it’s just not the way of the past. Bundle that with too many hacking horror stories which is enough for them to say, no way I’ll do it myself. Related: What are the sources of your financial stress? That means if you want to budget your money to ensure you are on track to meet your financial goals but aren’t ready to jump online, keep it simple. You don’t need to fix a simple budgeting system to be successful you only need to change it to fit your current needs. I’m not ready for technology A quick email from a fan about a month ago reminded me that not everyone is ready to download a budget […]
