Tuesday the RBA inceased the official interest rate from 3.0% to 3.25%. And the sky hasn’t fallen yet! Naturally, the big bad recession hasn’t been as bad as the media wanted everyone to believe. The rate increase is a sign of confidence that the Australian government expects a trend of continuing growth and recovery. Australia is the only country to pass an increase since the “GFC” kicked off. The effect on real people will be negligble…MSN Money expects the average mortgage repayment to increase by roughly $40-50 per month. If that much ruins your budget, then your budget needs re-doing!
Want fresh updates right in your inbox?
Free eBook: money skills
Find a topic…
Topics…banking barefoot investor bargain christmas budget build credit cash flow cheap xmas checklist christmas presents christmas savings Christmas shopping creative income ideas credit rating credit score dave ramsey debt ebay ebook emergency fund extra cash extra income fico score financial fitness foreign exchange free ebook get in shape get out of debt global financial crisis goal goals habits how to get rid of debt i love debt interest international transfers internet banking investing jessica watson last minute shopping lending loan long-term plan lose weight mojo fund money money skills online banking opportunity overspending patience payday personal finances peter thornhill phobia podcast rate RBA responsible lending retained earnings retirement rise sailing sallie mae saving saving money scheduling send money overseas steven covey student loan term deposit time time management wealth weight watchers xe.com