econ 101: gst going down to 5% and google phone announcement expected in next 2 weeks.

econ 101

Hallelujah. The gst is probably dropping down to 5%. That’s a 1% raise for each of us. (thanks for the heads-up, mj!)

Maybe I can afford the new google-phone expected to be announced in the next couple weeks, and released in 2008. (oooo — could I betray the iphone like that??)

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Nancy (aka Moneycoach)
Imagine if Canadians were known for being all over their money. Engaged. Proactive. Getting out of debt. Savvy. Saving. Generous. Nancy wants to help. Nancy started her own journey with money over 15 years ago, and formed her company “Your Money by Design” in 2004 to help others along the same path. It’s not the usual financial advising/investment stuff. It’s about taking control of day-to-day finances –managing monthly cashflow effectively, spending appropriately, getting out of debt, saving. If you're ready to take control over your finances, pop by her business site, YourMoneybyDesign.com

5 Comments

Traciatim

I don’t see why everyone likes the GST lower, it will just cause people to buy more things and cause inflation, making a rate cut more likely that will drive home prices up and cause more inflation, then people will try to buy homes they can’t afford using strange mortgage products that they don’t understand and we’ll be USA 2.0. Though I guess we are heading that way anyway in some places, so maybe we can’t stop it.

Sure you could betray the iPhone, it’s garbage and overpriced, just like most apple products. The marketing machine that is Apple has everyone mezmorized with mediocre equipment at premium prices.

[Reply]

Oct 31, 2007
MJ Ankenman

I say give me the one percent and let me decide… with Moneycoach’s ideas I may even save it. I realize the government needs money from me but hey I need it to. One thing I don’t understand is if the federal government is saying that they have a surplus then why can’t some of it go to help the provinces and local government with health and housing issues. Sigh….politics…..

[Reply]

Oct 31, 2007
MJ Ankenman

I say give me the one percent and let me decide… with Moneycoach’s ideas I may even save it. I realize the government needs money from me but hey I need it to. One thing I don’t understand is if the federal government is saying that they have a surplus then why can’t some of it go to help the provinces and local government with health and housing issues. Sigh….politics…..

[Reply]

Oct 31, 2007
Lowell Ann Fuglsang

The one percent will make things easier for those on fixed incomes.

[Reply]

Oct 31, 2007
Nancy (aka money coach)

Hmmm. These comments just gave me an idea: what if I used the savings to donate to charity? There’s a music academy for the downtown east side that’s starting up… and 1% on everything I spend would be a heck of a lot … and it would be painless.

Traciatim – you have an eyor-ish point, alright. I wonder if a sizeable number would use it to pay down debt, or invest and provide capital for our economy? Nah – who am I kidding. (although GO MJ! lol)
LA – I didn’t even think of that. It pleases me.

[Reply]

Oct 31, 2007