Archive for May, 2006

70000 Beer Cans in an Ogden Townhouse

Saturday, May 20th, 2006 by Alan Yu

Just when you think you’ve seen it all, everyday seems to introduce something new that you haven’t seen before. Let’s start off with actual pictures of the event in question:

____

Now apparently this event happened about a year ago, but the general story is that the tenant of the building had lived in the Ogden townhouse for about eight years and during that time he was a heavy drinker of Coors Light beer. Evidently, rather than throwing away or recycling the empty beer cans, it was all literally just piled up around the house and in many cases there were beer can boxes stacked up to the roof.

After this mess was discovered by a realtor, the place was cleaned up and all the cans were recycled for about $800. An interesting number that came out of this is that with approximately 70,000 empty beer cans and seeing that the person has lived there for about eight years, that would mean that everyday he drank at least 24 cans of beer. I never knew anyone could drink that much in a day let alone everyday for eight years.

Thinking about those numbers further, if a can of beer costs say $1.60 a can, for 70,000 cans that would mean $122,000 or $14,000 a year the person would have spent on beer every year. I guess everyone knows that frequently drinking a lot can add up, but this is sure a good extreme case scenario on just how much one can spend on non necessities when it is done recklessly. It sure makes you think.

For blog updates subscribe to our RSS feed.

Canada GST Tax Cut To 6%

Friday, May 5th, 2006 by Alan Yu

Just recently it was announced that the GST, Goods and Services Tax, here in Canada will be reduced from 7% to 6% starting on July 1st of this year. I guess that means everyone will be able to save some money here and there for other things. For me personally, I have kind of gotten used to the 7% and I’m not sure how much money a 1% decrease can help me save in a year. Like they say though, money has to come from somewhere and most likely we will have to make it back through other ways which means an increase in other things.

For those who are unaware, on top of the GST people here in BC also pay another 7% due to the PST, Provincial Sales Tax, on various goods and services. That means in most cases one would normally pay and extra 14% in taxes on their purchases. I know a lot of people from other countries are usually shocked at the amount of taxes that we pay and vice versa when someone elsewhere complains that their 4% total tax rate is too much, I just wonder if they would require a therapist by the time they get here.

In the end, I think most people will probably be spending and saving about the same regardless of the tax decrease. From what I have seen in most cases, if you give a person who can’t save money an extra $100 so that hopefully they will have more money left over in the long run for more important things, you just know that in a few hours later they are going to come back with an even bigger bill than before. In my opinion, one has to work on their spending habits first instead of relying solely on gaining more income to achieve long term financial relief.

For blog updates subscribe to our RSS feed.