1. Rob Gerlsbeck wrote an interesting piece claiming that the Canadian middle class is being unfairly squeezed financially. Larry MacDonald found part of Gerlsbeck’s argument to be “standard unionist dogma”, and Canadian Capitalist also found flaws in the logic. I don’t buy Gerlsbeck’s arguments. I find that they fall into the category of telling people what they want to hear. It’s easier to sell an article if it tells people they are beautiful, their problems are someone else’s fault, and chocolate, alcohol, and coffee are good for you.
2. Million Dollar Journey has some specific tips for saving money on travel including saving on airfare, accommodation, sightseeing, and food.
3. Preet reports that the planned ban on financial advisor commissions in the UK has partially spread to Australia.
4. Larry Swedroe explains that even smart people who make economic forecasts get it wrong most of the time.
5. Thicken My Wallet looks at the pros and cons of having banks sell insurance from the point of view of consumers, shareholders, and the economy as a whole.
6. Canadian Financial DIY takes issue with the MacLean’s article making the case against having kids. The article may be largely correct from an objective point of view, but people are definitely not wired to be objective when it comes to children.
7. Four Pillars has some great examples to explain why good results aren’t always the result of good decisions.
8. Big Cajun Man plans to cut back on cell phone use and switch to a pay-per-use plan. Good luck!