Germany, the third biggest economy has fallen into recession over night as the global financial crisis continues to strike. Europe’s largest economy shrank 0.5 per cent in the third quarter, following a contraction of a revised 0.4 per cent in the second quarter. The contraction is known to be the worst than expected, analysts polled [...]

Consumerism has hit me hard recently, making me get on my knees and grovel for a popular materialistic item, the iPod Touch – 2nd Edition. Even with our current economic situation with world debt being increasingly high and money dropping in value by the hour, the iPod is still referred to as an liability due [...]

Is this how we are being brought up? Learn how to drive in your parents car, get your license, find the car of your dreams and get a car loan, then spend the next 10 years paying it off. I’m not one to judge, however I do find it intriguing how much we as a [...]

UPDATE: Interest Rates have officially been cut by 0.75 percent, leaving the current interest rate at: 5.25% Where money is being splashed around, being lost and being gained, the Reserve Bank of Australia will be meeting with the focus on cutting interests rates by another 0.5 percent. This of course isn’t certain, only theory by [...]

Kevin Rudd announced yesterday he will be reviewing credit cards as he has seen interest rates between 8 percent to 28 percent, an astronomical range. Rudd told Fairfax Radio he will be looking at the current regulations to find out why such a wide range exists. “I am concerned about the effective regulation of the [...]

I have read many personal finance blogs, most discussing about being frugal and saving money, but is this the option? Should we all take every cent and stash it under our bed until it becomes noticeable? I don’t think so. There is a difference between spending money and spending money wisely. We’ve been brought up [...]

The US economy has been in turmoil for much longer than most actually know. Dating back to the horrific event of 9/11, the US have never really recovered to a feasible level and ever since, has been on a slow downward slide. Financial advisors yelling and screaming about this current time wasn’t enough for people [...]