Credit Cards » Current Affairs

Recession and Its Effect on Credit Card Companies

Everyone is being hit by the current economy, and credit card companies are not exempt from feeling the pinch. As a consumer, you need to understand the way the current economic trend is affecting the credit card companies and use this to your advantage. …read more…

2nd August 2009 at 8:53 pm

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“No Tax Increases” Turns out to be Empty Promise

While everyone is concentrating on surviving the worst financial crisis the world has seen in over seven decades, the NSW government decided to trick residents into paying more for RTA license and number plate fees. These increases weren’t even included in the most recent budget, but they magically appeared three days after the budget went into effect. …more…

27th July 2009 at 4:31 pm

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Buying an Upscale Home More Likely for Many

If a multi-million dollar home is out of your budget range, but a price tag of a million dollars is within your reach, you’re in luck. Developers are realising that fewer and fewer people are searching for homes that cost $2 million and above, and they’re accommodating the new breed of home buyers. …continue…

22nd July 2009 at 1:12 pm

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Upscale Restaurants Hit Hard by Recession

A few years ago, a night out on the town often included dinner at a high-end restaurant. Customers expected to be turned away if they didn’t have reservations, and even those that did sometimes had to wait for their turn to dine in these exclusive restaurants. No one blinked at the high prices. Today, it’s a different story. These restaurants that were once bustling with activity are struggling to keep their doors open. …continue reading…

17th July 2009 at 4:47 pm

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The Recession and Divorces

The recent financial crisis is affecting every Australian in one way or another. It’s nearly impossible to find someone that hasn’t lost a job, doesn’t know someone who has lost a job, has side-stepped losing large amounts of money connected with the stock market, or doesn’t worry just a little about his or her financial future. Besides the obvious effects of the dismal economy, one not so obvious effect has surfaced: a decline in the divorce rate. …continue…

13th July 2009 at 5:33 pm

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A Rocky Financial Road

While we would all like to believe that the recent rises in stocks indicate the end of the worst recession in more than seventy years, we need to be cautious. The optimists will tell you that we’re heading in the right direction. The pessimists will tell you that we haven’t seen the worst of it yet, and the realists will tell you that nobody knows what’s going to happen next.

It appears that the stock market bottomed out in March. Or so we think. Even the experts won’t give us a straight answer on this one. This is the wildest financial ride since the Great Depression, and no one seems to know what to predict for the immediate future. The financial wizards are still scratching their heads over the gains we’ve seen in the past three months. …read more…

4th July 2009 at 7:47 pm

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