The words of advice from K.Rudd for pensioners and for anyone with children is spend, spend, spend. But before you do that, look at your credit card debt. You may be a lot better off paying it off your credit cards, and then burying the card in the backyard so that you leave it alone.
Australians have a lot of credit card debt, and it won't go away by itself. If you don't have any debt, and are in a great position financially then take the PM's advice, but for the rest of us perhaps we should be a little more prudent.
Merry Xmas.
Sunday, December 7, 2008
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