Murmurs are getting louder that rates may not be on the way down any time soon, so here’s how to prepare for the worst.
Fresh off a higher-than-expected monthly inflation reading and sombre minutes from last week’s Reserve Bank meeting , murmurs are getting louder that rates may not be on the way down anytime soon.
First, so many people waste money by copping the Medicare levy surcharge rather than having actual hospital insurance. If you are going to pay the penalty,This year, you will be slugged with the surcharge of up to 1.5 per cent of your assessable income if you earn more than $93,000 as a single or $186,000 as a couple.
But getting super frugal where you can certainly yields good results at the pointy end of price spikes.Did you know you can pay your council rates throughout the year, with no loading? In fact, as I wrote recently,Unfortunately, most of the other providers in your life will charge you a loading if you ask to do the same. And often it means paying in advance, not ‘as-you-go’, so you essentially give them your money early.
I don’t usually say this but right now, the priority may be short-term financial survival, rather than long-term forging ahead.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Inflation, high interest rates to crunch Christmas spendingSpending data is painting a picture of a less than jolly festive season for the nation’s retailers.
Read more »
Rental roulette: Vacancy rates hit record lowsHome
Read more »
Oil price dip brings ‘relief’ and impacts interest ratesCommSec’s Tom Piotrowski says there has been a “big retreat” in the price of oil.\n\nOil prices fell, with the global benchmark Brent crude down nearly two per cent to $US84.17 per barrel.\n\nMeanwhile, the US WTI shed more than two per cent to $US82.48 per barrel.\n\n'This comes as a bit of a relief as well because that has underlined the move higher for interest rates,” he told Sky News Australia.\n\n“So in the last couple of days, we’ve seen a $13 price range on the US benchmark; last night down by two per cent or a $1.86 - $2.41.\n\n“So that’s another factor that’s taken the heat out of the interest rate markets.”\n\nPresented by CommSec.\n
Read more »
RBA bets against the world on interest ratesThe prospect of “higher for longer” interest rates is raising questions about whether the Reserve Bank’s less aggressive inflation fight can last.
Read more »
Rising interest rates and repayment crunch squeezes homeownersHome
Read more »