Finances are like moon phases: February 2014 Net Worth update (+1.25%)

WATCHING INVESTMENTS GROW   Like moon phases, our finances including Net Worth is constantly changing and this month is no different. There will always be ebb and flow in everyone’s finances, sometimes purely by the choices we’ve made. In the CBB household we didn’t have an awful lot left over as spare cash from last month as we had city taxes and pet costs leave the bank. However, there was positive news on the finance front in the form of yet another increase in the exchange rate due to the falling dollar. This increase has led to our UK funds exceeding the total of what is left to pay on the mortgage and with quite a chunk of money left over.   Moon phases   We are definitely moving into our Waxing Gibbous phase where our finances and what we have set up are starting to fall into place. The Full Moon phase will be when our mortgage is paid off and we can move on knowing that fact that we will be carrying zero debt. In the very near future we have to decide what we will be doing with the spare cash that is left over once the […]

March 2013 CBB Budget Update #3- A Quiet Month With The Budget

Well, here we are at the end of March 2013 with another budget update which with confidence I can say is a bit better than our February Budget Update. Sometimes it’s a good thing to have a quiet month with the budget because it helps to put things into perspective. Sometimes budgeting and saving money doesn’t always happen depending on what your priorities are that month. As an example, last month we saved no money in our emergency savings, a big fat zero. We actually spent more than we earned in February which can be discouraging but also motivating to do better the next month.This month we didn’t have any big-ticket expenses like our water softener that cost us over $1000 in February. We didn’t have alot going on this month in terms of expenses but we did pre-pay the full 20% of our mortgage of over $32,000 for the 2013 year which I will get into in an upcoming blog post. I’m expecting next month to be costly for us with having another installment of city taxes to pay and our hydro./water bill will be coming due. Other than that with spring and then summer just around the corner I will […]

How I Reduced Our Grocery Budget From $1100 To $600 In 6 Months

ABOUT OUR FAMILY   We are on a very tight budget with food being the second greatest expense, preceded only by our mortgage. My husband and I have spent most of our family years raising our kids and figured we would have plenty of time to save for retirement. Retirement has arrived for my husband and is staring me in the face and we are trying to get our financial house in order. Our kids are the joy of our lives but raising 4 of them has proven to be costlier than we would ever have imagined. This is our story about how we are beginning to climb out of debt and onto the road towards financial freedom. It is never too late to take control of your financial future. My family is a single income family of 5 (two parents and three grown kids at home). Last summer, I sat bemoaning my situation (out of control debt and never enough money at the end of the month) and wondering where my money, which in theory should be sufficient to meet our needs, went. I am a professional person and make a modestly decent income, but through the wonder of the […]

grocery game monthly challenge

The Grocery Game Challenge #9 Feb 25-Mar 3,2013-No-Shop Week, No Means No!

Photo Courtesy/Stuart Miles/FreeDigitalPhotos.net We woke up yesterday morning with the intention of this week being a no-shop week, but that didn’t happen thanks to yours truly. So much for the no-shop clause as I’ve busted it for the month even though it’s the last shop for February. That’s right I’m the one to blame this week for making the wrong decision but that’s Ok we’re allowed to make mistakes. A no shopping day or week whichever you prefer to call it means “no shopping” including not even going near the stores. When you hear temptation call its you that has to make the final decision. Yes, No or Maybe is what runs through my mind and sometimes I lose to temptation, it happens to the best of us. I don’t know what made me go into the shops yesterday but what I do know is that the decision cost me $47.73 of which I would not have spent had I stuck to the grocery budget. Typically we shop no frills then food basics as we can price match if we need to but yesterday I just had this urge to go in to 2 shops to see what’s on sale. The […]

grocery game monthly challenge

The Grocery Game Challenge #8 February 18-24, 2013~Buy Now or Buy Later

Image Courtesy of digitalart/freedigitalphotos.net Buy now or buy later is something that runs through our minds when we are looking at the weekly flyers or when we are inundated with bargains at the shop that were unadvertised or are too good to pass up. We ask ourselves 3 questions Is this the best price? Do we really need it? Can we afford it in the grocery budget? Often we are faced with these dilemmas because we don’t want to pass up an opportunity to save our family some money. Earlier in 2012 we had guest blogger who shared their thoughts on knowing prices and how to that’s the key to saving money on your grocery bill which leads us to wonder whether we are taking the time to learn them. This week the milk is on sale at Food Basics for example for $3.88 and we have a $1.00 coupon off when you purchase any Lactancia milk. We use milk mainly for coffee, tea and cooking and typically will pay $4.19 at Shoppers Drug Mart to purchase our 4 litres of  milk so we can get Shoppers Optimum points fast. With the $1.00 off coupon this week we would pay $2.88 for 4 litres of milk. So, […]

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