No Good Debt, Olympics and Random Thoughts
Tune in to the Olympic events and learn about the concept of “Good Debt”. Understand when it can help you and when it can hurt you.
Good Debt? Not Bloody Likely
The Big Cajun Man asserts there is no such thing as “Good Debt” and criticizes experts who claim otherwise. They insist all debt is detrimental, comparing the concept of ‘Good Debt’ to the illogical idea of ‘Good Car Accidents’. Regardless of the purpose or economic benefits often presented in defense of debt, BCM emphasizes it always negatively impacts the individual, equating it to stealing from one’s future self. BCM encourages a mindset of despising and quickly eliminating debt.
Tim Horton’s Saving Plan (revisited)
A Canadian derivation of the latte savings plan is, the Double-Double savings plan or the Tim Horton’s savings plan. Less coffee more money in your pocket. No it won’t make you a millionaire, but it might help control your spending a little more.
Decluttering Financially (redux)
Decluttering financially sounds simple, but it is not as simple as you would hope. The build up of financial clutter is dangerous.
June 2012 CPI Update: Inflation Up, Electricity Surges in Canada
In June 2012, Canada’s Consumer Price Index rose 1.5% year-over-year, a modest increase led primarily by higher costs for electricity and passenger vehicles. Surprisingly, gasoline prices declined, while electricity surged 5.9% due to rate hikes in Ontario, Alberta, and B.C. The Bank of Canada’s core inflation index climbed to 2.0%, matching its policy threshold and signaling potential future interest rate changes. This post includes full Stats Canada CPI tables and a breakdown of which sectors saw the most price movement. Though the data is historical, it remains valuable for understanding how inflation drivers shift over time and how energy costs can influence broader economic policy.
