inflation

Second Mortgage: Can You Handle the Effects of Inflation Before Retirement?

How do you protect your finances from inflation especially if you have a second mortgage?

While it is impossible to avoid inflation, you don’t have to suffer the huge impact of the decline in the purchasing power of your money, although you have a second mortgage. If you are careful with your spending decisions today, you […]

By |August 6th, 2018|Categories: Mortgage|Tags: , , , , |Comments Off on Second Mortgage: Can You Handle the Effects of Inflation Before Retirement?

Flood Crisis May Cause Interest Rates to Rise

As 2010 has just come to a close and the forecasts for the upcoming year are being released and scrutinised, there is a lot of speculation swirling around interest rates. The flood crisis we are experiencing at the moment in both
Queensland and Victoria are making an increase in the interest rates by the Reserve Bank of Australia (RBA) nearly inevitable.
 Many argue that with our current strong dollar, the prices of imported goods should be keeping the inflation balanced, but in actuality the price of the goods are declining at a slow rate. This slow degradation is not enough to prevent the internal pressures that cause inflation.

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By |May 20th, 2011|Categories: Interest Rates|Tags: |Comments Off on Flood Crisis May Cause Interest Rates to Rise

Budget Aims to Tame Inflation: Will Interest Rates…

16 May 2008
Many analysts have praised the new 2008 Rudd Government Budget for its spending cuts in an amiable move to stop the rising problem of inflation, however will it be enough?

The aim to put downward pressure on the inflation crisis has seen slashes to high income earner benefits, with the media responses generally positive towards the Budget’s target. However there has also been speculation about how far the budget can go in entirely tackling the monstrous inflation, “the Reserve Bank of Australia is not out of the woods yet” warned Bank economist Riki Polygenis. […]

By |May 12th, 2011|Categories: Interest Rates|Tags: , |Comments Off on Budget Aims to Tame Inflation: Will Interest Rates…

New Survey Shows Australians Falling into Debt

With inflation on the rise and living costs soaring, more young people are descending into debt. In a recent nationwide survey done by financial services company Dun & Bradstreet, the increasing range of debt receipts alarmingly fell around the 18-34 age
The survey found that more than one in five Australians expect to use their credit card to finance purchases they otherwise couldn’t afford. Livings costs are sky rocketing and as a result, young people are struggling to meet the financial demands. House hold debts have increased by 30% since Oct 2007, a mere six months ago. Credit card debt affects not only the middle age demographics but also the younger market, combining to make the nation’s current credit card bill, which stands at a staggering $42.340 […]

By |May 12th, 2011|Categories: News, Personal Loans|Tags: , , , , , , |Comments Off on New Survey Shows Australians Falling into Debt