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Month: October 2012

Why it makes sense for me to buy a new car

Posted on October 10, 2012 by budgetsense

It is time to replace my aging 2006 Chevy Equinox, as it quickly approaches 300K in mileage!  I have done my research and narrowed it down to just two models (both are crossovers). And between these two, there is very little difference except for gas mileage. One of them has superior gas mileage, and with…

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There is a new war in Canada: “The War on Gouging”

Posted on October 4, 2012October 5, 2012 by budgetsense

Canadians have often been known for being polite, soft, apologetic, charitable  and generally friendly. But could these nice attributes be the very reason why Canadians are also such sloppy and not very wise consumers? Unlike their neighbors to the south, they let retailers and companies gouge and walk all over them, and not say or…

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Impulse Buying is Killing Canadians’ Budgets: how and what to do about it?

Posted on October 1, 2012 by budgetsense

I have talked and warned about ‘impulse buying’ in the past and  recent bank polls re-affirmed and legitimized my warnings and fear: impulse buying is indeed killing the budgets of Canadians.  According to a BMO poll, Canadians spend an average of $3720 on impulse purchases, which include clothing, shoes, electronics and even food (possibly leading…

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