Category Archives: Debt

Stockpiling Food Can Save Canadian Families on Groceries

Slug:ÊBargain Buggy Headline:Ê Bargain Buggy Cutline: Shannon Gunderson, who runs the Bargain Buggy blog, shows her grocery stockpileÊ Size:3 cols by full COLOR Destination:Ê Merlin and Harris browser MCNSPHOTOS Desk: Mobile Press Ê Ê

Stockpiling is a vey common practice, but will it work for you the way you expect? The first tip to start saving money stockpiling on groceries is to only get those things you know you’re going to use–it makes sense, right? Within just a few months you can have a nice stockpile of necessities and groceries! There are rules to maintaining your stockpile as well–so the money you spend will pay off for the long-term. You want to make sure your food stays fresh, so it is a good idea to keep things rotated. Now you’ll read many tips and strategies on just how to shop to create a surplus, but you’ll find a variety of information here, in one convenient place! We try to give the most updated info, so if you’re ready to really start improving on saving money grocery shopping through bulk buying, we’ve got the answers you’re looking for. Let’s get right to it!

Save Money Annually When You Stockpile on Groceries


Don’t forget, to properly get started, begin with a list of all the more common items you use on a daily basis. This saves time, money, and frees you from clutter too! These below pointers just might be very beneficial to those newbies beginning a plan like this!

  • Don’t forget you should rotate your oldest foods to the front so that those get eaten first.  This. will ensure all food gets eaten and money isn’t wasted.
  • Once you have a stockpile you should shop from your pantry, not run back to the grocery store for more.
  • Use a menu based plan, and create your menu on what you have on hand.  Grocery shopping will then become easier and you just replace what you run out of.
  • Store your food in airtight containers and keep them in a cool, dry place.  This will prevent spoilage and any possible pest problem as well.
  • Many don’t realize that non-perishable items can go bad just like other food can.  Therefore don’t stock up so much that expiration dates are reached.
  • Don’t overstock on OTC medications because they can lose their potency over time.
  • To preserve your fresh foods you can freeze them–but remember they also have a shelf life.

You can easily overdo stockpiling, so just pay attention to your buying and don’t go overboard.  You are going to save a great amount on toothpaste, as long as you don’t buy too many on sale. It is better to get enough to keep you stockpiled for 2 to 3 months–that is the ideal time frame. No matter what you choose, don’t forget to pay attention to expiration dates at all times!





Can You Afford A Mobile Home With Bad Credit?


This is a big question for Canadian families.  If you’ve been renting and are ready to finally become some form of a homeowner–be it a mobile home, or a traditional one–can your credit hold you back from achieving this dream? For so many it feels unobtainable. We all suffer from financial mistakes, and some of these can really hit our credit hard. It would be nice if credit didn’t have such a tough role to play in what we can and can’t have in life. If you can afford it–that is what should matter, right? You’d think, but many times over this is not the case. So, can you really afford a mobile home with credit problems?

Bad credit is not permanent, you can overcome it. Finding a lender with bad credit can be rather difficult though. However, there are programs available to help. If you’re a Canadian family living within the US, you might be eligible for the USDA financing. You might also be eligible for assistance through a state program or rather, HUD. If you reside within Canada you’re going to want to look for similar kinds of lenders that work with those living in rural areas.

Financing a Mobile Home With Poor or Fair Credit


This can be a challenge under the best of circumstances, but for those families with dented credit–they have to prove their financial ability to pay. They can’t have late payments and they have to be flexible when shopping for the mobile home they want. There are steps one should take to prepare for this big plunge, so let’s list those for you now. This might make the whole process less vexing and definitely less stressful. We all make mistakes, so don’t let the past make you feel like you deserve to be treated less than any other customer! We want you to also remember, while you might be able to get financing with bad credit, you don’t want to get sucked into something you’re not going to be afford. Poor credit leads to higher interest rates and more. Don’t jump on the first loan offered–this would be a big mistake!

  • Pull your credit report and take a good, hard look at it. Look for any discrepancies, and definitely look for charges or actions which you might have been falsely identified for.
  • Devise a way to come up with a decent down payment.  This could be through a trade or some other collateral you might hold.
  • Work with a credit specialist to try and clean up some of your credit concerns. There might be some items on your report that can be legally removed and dramatically improve your credit score.
  • If you have to choose something smaller than what you really want, choose it. You can always work your way up into what you really would like a few years later.  Remember it takes patience and hard work to beat bad credit and climb out of the hole.


The most important tip we can share with families who are attempting to get approved for a mobile home is to not be suckered. There are those who will prey on families who are vulnerable. Keep your bearings, think clearly, and plan before jumping into anything. You’re trying to build a new life, not create another with even worse problems! You will get that home of your dreams when you think ahead.

Tips to Avoid My 5 Personal Money Mistakes

Depressed and stressed university student. CREDIT: Janine Wiedel/Getty Images

Finances can be confusing to many young Canadians across British Columbia–and stressful, I know this personally. It is never easy admitting mistakes we might have made in the past, especially when it comes to your money and spending–but it is the only way you can really transform for the better. Now, it is common to make money mistakes in your 20’s and 30’s, and even sometimes into your more mature years–definitely if it’s about investments gone awry. Hopefully our tips we share with you here will help you to avoid any and all types of financial blunders throughout every phase of life. It would be helpful, wouldn’t it?  Please read on for some of the most common, and easiest financial mistakes people make daily.

Financial Mistakes That Are Totally Avoidable

Remember, there are unique financial mistakes for different phases of life, some more critical than others even. For example, when you’re 18 you don’t think much about how you’re spending money, but it can have an impact. However this isn’t as detrimental as it would be when you’re at the age of saving for retirement. Something to think about, right–because really, you’re never too young to start saving. Let’s look a bit closer at what works and what doesn’t and how you can stay ahead of the financial game!


Mistake #1 Why are you trying to keep up with all of your friends? You don’t need to splurge and spend money like a crazy person just to look cool, this isn’t high-school anymore! Looks can be extremely deceiving, so don’t fall into the trap you’re trying to avoid.

Mistake #2 Lose the reckless attitude about managing your money because you’re young. It’s all too common. You think that you don’t have to worry about managing and saving your money properly because you’re just a college student. Well, think again. Developing the right mindset about money when you’re young helps you better manage it when you REALLY need to!

Mistake #3 Don’t go into credit card debt! Too many college students go into debt to pay for college, or to get by while a student. Many creditors take advantage of young people during this time, so try your best to avoid credit cards and other high interest loans. These money mistakes can have long-term consequences.

Mistake #4 Don’t spend too much on a car! Going into large debt for a car can be a college students biggest mistake. If you can save the money for a good running vehicle, a few years older, it will be the best solution for you. This will help you avoid the stress of making a car payment month after month.

Mistake #5 An inability to start a budget can cause financial stress when you don’t need it. You’re never too young to begin keeping track of what you spend and where your money goes. You should plan and document all of your transactions, finding ways to mend holes and begin putting money aside for that possible rainy day.

Stanford University students listen while classmates make a presentation to a group of visiting venture capitalists during their Technology Entrepreneurship class in Stanford, California March 11, 2014. Stephen Lam/Reuters (UNITED STATES - Tags: EDUCATION) - RTR3QTMX

Do You Know The Credit Card Do’s and Don’ts?


Yes, credit cards can be useful financial tools if they are used responsibly–unfortunately, credit cards are highly mishandled, everyday and all across the globe.  Too many see these as a means to an end, or a reason to splurge on those things they wouldn’t ordinarily have considered purchasing.  Furthermore, financial experts find that too many turn to credit cards to support their monthly living expenses, something that is a financially suffocating lifestyle. Remember though, individuals or families who use credit cards right can really benefit financially!  This can help boost credit scores and illustrate strong credit worthiness.

Financial experts also insist that blind refusal to credit cards can create long-term financial mistakes.  You don’t just want any credit card either.  If your current credit score is significant enough you can capture a great card with low interest rates.  Remember, using it wisely can really boost your credit score.

Let’s examine some of the most critical do’s and don’ts of credit cards within Canada today.

Top 8 Do’s and Don’ts with Regard to Credit Cards

Just remember to use your card or cards only for high priority items and you will avoid the pitfalls that so many Canadians suffer from.  The headache and hassle is often brought on by mistakes, but you can be smart when you’re trying to build your credit, there’s no doubt about it!


  1. Many Canadians are already aware of this one “don’t”, but here it is anyway–you should never use half of your credit available!  The maximum should be 30% to 35% of your credit, because in this way you’ll show lenders that you don’t need that credit card to live month to month.  It proves your smart and credit worthy!
  2. You don’t need more than 3 credit cards, and 3 is really pushing it.  If you have too many credit cards in your wallet, this can hurt your credit versus helping it.  Why?  Imagine using 30% of all three at a time.  This illustrates you are living on credit–because you’re just shuffling it around.  It’s okay to have 3, but watch how you use them!  With credit cards come responsibility and often times too many leads to disaster, or rather, temptation in over spending.
  3. You should choose credit cards with a low interest rate, ALWAYS!  If you can’t get that then our advice is to wait until your credit is a little better.  The Financial Consumer Agency of Canada can help give concise details and help on what to look for and what to expect!
  4. It should be common sense to know to pay your bill in full every month to avoid those higher interest fees and other penalties credit card companies just love to apply when you don’t!  So, don’t overspend and you’ll be able to do this.
  5. Don’t succumb to those cash advances so many credit cards now provide to trustworthy customers.  You can easily get sucked in and then have a hard time recovering from this.  Try to avoid cash advances at all costs!
  6. Don’t lose receipts!  You should always record and file receipts so that if a charge comes up questionable you have something to go to in order to refute it.  This also keeps your finances streamlined, with regard to credit card transactions.
  7. Make sure you read the fine print of any credit card you sign up for.  If you don’t, you can only blame yourself.
  8. Sign up for spending alerts if you feel you can’t keep track of how much you’re spending.  This will ensure you don’t go over a budget and you stay within that 30% median of credit card usage.


3 Friendly Financial Tips For Those Twenty Somethings

For 20somethings

Living in your twenties is not what it used to be, and in no way is it easier.  In fact, thinking practically, living on your own in your twenties has become quite challenging.  Many young Canadians have actually returned back home, finding the financial strain too much to handle.  Balancing finances, work and school is hectic–but having to struggle just to keep the lights on is not something 20 somethings in Canada should be having to confront.  This is a fact everywhere!

It might not feel fair, but that’s life.  It has become truly chaotic for young people today.  The job struggle is very real, and though unemployment is supposedly lower–too many young Canadians, it doesn’t feel like it.  It can be hard trying to manage money properly, at any age.  The following information will hopefully be a guide for those in their 20’s. The main goal here is to help young adults learn strategies and tips to make finances a little bit easier for them, or for anyone at all!  More importantly, these top tips should help young people avoid gathering debt that can pose harm for the long-term!

Top 3 Financial Tips To Help Young Canadians Avoid Money Mistakes

Group of college students studying at campus

Group of college students studying at campus

1)  Discover the power of negotiation

Yes, you’re never too young or too old to learn how to negotiate when it comes down to financial decisions and purchases.  Often times young people get suckered into a raw deal that just isn’t beneficial at all.  Understanding the power of negotiation can change everything.  From negotiating your salary to a job promotion and more–you need to learn to be in control of this area of your life in particular as it has a huge impact through your life!

Let’s not forget that negotiating for a good mortgage, car financing, medical services (and other consumer services/items) is very important.  Learning how to get the best from your money takes some investigating and even bartering.  However, all of this is really beneficial to your financial portfolio!

2)  Start investing for your retirement now

You’re never too young to invest in your retirement, and the sooner you do the better off you’ll be.  When you begin investing at a young age your money has a longer life to make a difference for you.  We’ve all seen the advertisement on investing for retirement, and they don’t exaggerate.  This will ensure you keep your normal life on the most successful path possible, and you won’t regret investing in your future!

3)  Avoid consumer debt and don’t make brash decisions

You should think and plan before you make the wrong financial decisions.  Debt can be crushing, and if you continuously make the wrong choices you’ll soon be drowning versus swimming–or even treading water.  Be smart and stop, think–then act.  Don’t use credit cards.  Make only cash purchases to keep your credit intact.  This is the easiest way to avoid harmful debt so many across Canada are dealing with.

Also, let’s never forget the importance of establishing an emergency fund.  Having money set aside to cover those unforseen disasters is not only crucial for your sanity–it is necessary for your wallet!