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Australian notebook. Money matters

Australian dollars in Sydney, Friday, Jan. 15, 2016. (AAP Image/Joel Carrett) NO ARCHIVING

Sally says all her savings have been depleted since going on maternity leave. Photo: AAP Source: AAP

10% of Australian family are spending more than they earn meaning they have to eat into their savings. Credit cards are causing a lot of financial stress due to high interest charged by the credit providers. Canberra wants banks to check the potential card holder's repayment ability when issuing a credit card.


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By Vladimir Dubossarsky

Source: SBS



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10% of Australian family are spending more than they earn meaning they have to eat into their savings. Credit cards are causing a lot of financial stress due to high interest charged by the credit providers. Canberra wants banks to check the potential card holder's repayment ability when issuing a credit card.


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