Tag: debt

Funeral costs a trap for the unprepared

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If there’s one thing that can put an unexpected dent in the household budget, it’s paying for a funeral. A new study by Finder shows that the average cost of a funeral in Australia ranged from $6,131 (Canberra) to $7,764 in Perth. Of course those who can afford it and deem it necessary pay $20,000 and more for a formal send-off. Finder’s Money Expert Bessie Hassan says one in five Australians don’t have enough money…

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Deeper in debt

You’d think that after 42 years’ experience handling credit cards Australians would have wised up to over-using their high interest card/s and getting into debt. Research by comparison website finder.com.au shows that Aussies are up to their eyebrows in credit card debt. Finder’s analysis of Reserve Bank of Australia data shows that we have $18 billion more credit card debt than we did a decade ago and we have 16.3 million credit card accounts –…

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