By Matt Hern on February 13, 2010
“Did I just read that right?” I thought as I put down my coffee and twice re-read this paragraph:
‘Consumers are still cautious about the debt they build up on credit cards. An analysis by card operator Mastercard shows that only 70.8 per cent of the total $46.9bn in credit card debt is accruing interest, which [...]
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Posted in Managing Debt | Tagged credit cards, debt
By Matt Hern on October 10, 2008
On the ABC’s 7:30 Report on Wednesday night, Economist Associate Professor Steven Keen gave the following prediction for Australia this year:
“Best case scenario is a recession more severe than 1990 and lasting one and a half times as long.
Worst case is something up to the level of the Great Depression which was 20 per cent [...]
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| Tagged cashflow control, debt, Global financial crisis
By Matt Hern on November 15, 2007
Have recent rises in interest rates left you feeling the strain of meeting mortgage repayments? Or perhaps are you concerned that if interest rates go much higher you will be under financial stress? If so, this interview is perfect for you.
This morning I interviewed expert Mortgage Professional, Damian Day of Ardent Finance to uncover some [...]
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Posted in Managing Debt, More Tips | Tagged audio, cashflow control, debt
By Matt Hern on November 8, 2007
Wow, the Christmas decorations are up and about in the shopping centres and even through Perth city centre. Christmas is a terrific fun time, but historically it also is a time where we not only eat and party to excess but we seem to spend to excess. Eating to excess leaves us feeling terrible and [...]
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Posted in Saving | Tagged cashflow control, christmas saving, debt, debt hangover, video
By Matt Hern on October 18, 2007
Housing affordability is an urgent problem, even at crisis point if you read the continuous media coverage over the past year. And within the first couple of days of the current Australian Federal Election campaign the politicians had jumped on the bandwagon with policies for our housing affordability crisis. Interest groups have also been cramming [...]
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| Tagged debt, housing affordability
By Matt Hern on September 28, 2007
One in two Australians (51%) agree they would be lost without a credit card, according to research published in the Citibank Payment Evolution Report (June 2007). In fact one in five (21%) strongly agree.
Credit is the drug, got a hook on me.
(Apologies to the ’70s band Roxy Music.)
That wouldn’t be such a problem if credit cards [...]
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| Tagged cashflow control, debt
By Matt Hern on August 29, 2006
To help you choose appropriate finance products I interviewed one of Perth’s top mortgage brokers, Damian Day of Ardent Mortgage Services, and asked him to share his top tips.
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Posted in Managing Debt | Tagged debt, newsletter archive
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