What to Expect With Little to No Retirement Savings : Our June 2016 Budget Report

UNDERSTANDING HOW RETIREMENT WILL AFFECT YOU NOW IS BETTER THAN FINDING OUT LATER WHEN TIME IS NOT ON YOUR SIDE.   If you’re tired hearing about how much money you should have in your retirement savings to live comfortable in the golden years and want to hide because you’re not part of this elite group of savers- you’re not alone. Company pensions, in particular defined pension plans are becoming a perk of the past and Canadians are left will few options when it comes to retiring without living the rest of their years poking through a tight budget. I’d love to retire early but since the birth of our son we’ve seen our life goals change significantly where we were content living mortgage free in our house and living happily ever after. Now we are talking about buying a bigger house to have more room for our son to run around along with an in-ground pool. That means we’ll need to save even more money if we hope to pay cash for the next house or face added debt of a mortgage loan once again. Related: Retiring Early Should Never Be Expected I received an email from a reader who […]

grocery game monthly challenge

How We Downsized Our Food Costs By 41% To Fit Our Budget: The Grocery Game Challenge #1 Dec 7-13, 2015

WE HAD NO IDEA WE WERE SPENDING SO MUCH MONEY   Every year since starting The Grocery Game Challenge back in 2012 we have evaluated our food costs in accordance to our overall budget. Before then we were just two people in a loving relationship renting and grocery shopping like every other frugal couple, so we thought. Although we were just starting to clip coupons but not heavily stockpiling we also followed the sales. We were spending on average around $400 a month which only continued to increase. That might not seem like much to you but for us that was a huge amount to be spending on groceries for 2 people. Since we were saving for the down-payment on our first home saving money was critical to keep costs low. You may think you are doing well with all the grocery savings but all that money adds up every month whether you got a deal or not. When we bought our home in 2009 it was just shortly after the coupon craze hit Canada and everyone was going mad for free or near free deals, including us. Yes, we joined in on the fun because we wanted to save […]

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