Expensive Night Out – Read an article in the paper version of the Globe and Mail where a 16 year old Japanese adolescent went on quite the joy ride after spending $56,000 on his dad’s American Express credit card on a one night club binge. The teenager and a friend visited multiple hostess clubs, where he paid to sit and drink with women working there. At one of the venues, he spent a couple of thousand dollars on a single bottle of wine. The teenager’s dad pleaded with the local court to reduce the tab.

Hostess clubs in Japan can’t allow minors to enter in the first place (must be 18+), so the clubs were partly responsible. The judge ruled that credit card companies should also flag questionable activities like racking up a large bill in a relatively short amount of time so American Express was also partly responsible. In the end the dad’s bill was reduced down to 800,000 yen ($8,200.) I wonder just how rich this family is (>_<) And I’m surprised credit card limits can even go up that high
Job Boom – According to Statistics Canada, our economy had its best month for job creation in more than a decade last month in May, adding 95,000 new jobs thanks in large part to the construction industry
It’s the equivalent to the U.S. adding over one million new jobs in a single month. Canada’s unemployment rate fell, but still remains stubbornly above 7%.
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Blog roundup – Personal finance and other interesting articles from around the web
Brian from Outlier Model shares his recent experience of dealing with a collections agency
Mark from My Own Advisor advises some ways to save nearly $100K
Vix Money went way over budget on her dining out bill, but at least she can afford it now with her full time work
Pauline from Reach Financial Independence writes about the importance of customer service
Dividend Mantra shares his dividend income for the month
My Money Design asks if there is still gender inequality in the workplace
Mashed Thoughts reviews a local Oyster Bar in Vancouver
Krant Cents encourages the graduating class of 2013 to take the next step in their careers and be proactive
Canadian Budget Binder updates his net worth. Very inspiring to see him breaking the half million dollar mark
Modest Money shares his unfortunate home buying experience
Financial Samurai reminds us that profitable ventures are always there for people who look
Jordann from My Alternate Life wonders how she should calculate her debt
For wine experts Tangled Vines highlights a $30 bottle of Cab Sauv. At 14.5% alc/vol it sounds like my kind of wine
NZmuse shares her top 5 favorite round-the-world travel blogs YPN3228RKUZ3
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Random Useless Fact: A zedonk is a crossbreed between a zebra and a donkey





So many of my friends both in real life and on the internet are either having, or talking about having children. I don’t see myself having kids for at least another 5 to 10 years, if at all, lol. But a big factor in making big life decisions is money. According to a new study by the Canadian bank BMO, kids born in 2013 could pay
Blackberry, which used to be called Research in Motion, made a small 94 million profit on $2.7 billion in sales in their recent quarter. Not bad considering they were losing money last year. Their new z10 phones are doing better than expected. I’m waiting to see how the Q10 will