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Another potential interest rate rise, another round of Christmas presents to buy, another end-of-year social function to attend – and another bank balance goes begging.
So let’s not pull any punches here – December is an expensive month any way you look at it. (more…)
It’s hard to believe this month marks three years since we all heard the term Global Financial Crisis for the first time.
And now as part of the world’s history, the GFC acronym is almost part of our common vernacular – the term bandied by everyone from politicians and economists to the man on the street.
That’s because although everyone may not understand all the intricate events that lead to the GFC – they do understand the impact it had on our economy and the threat that it posed to our livelihood and our very way of life.
So if it was so powerful – what lessons have we learnt from it? (more…)
I’d like a dollar for every time I’ve heard a politician talk about the issue of debt during the current election campaign.
And while there’s no disputing that debt is certainly a problem in Australia – whether it’s government debt or consumer debt, it still comes down to how to manage your way out of the situation, which is why it’s at the heart of who will win office this Saturday.
So as I’m not a Federal Treasurer or Finance Minister there’s no point putting in my two bobs worth on how to address government debt.
However….what I can do is shed some light on the issue of consumer debt by going through the ten main causes. Because often when you see individual triggers of debt it can become easier to eliminate the cause, rather than trying to manage the symptoms. (more…)