We buy cars we can't afford, eat in overpriced places, purchase clothes that put us into debt. Above all, we never, ever talk about our actual finances with anyone. Why?
The view that HECS debt doesn't really matter because it isn't expensive like credit cards or car loans is dying out as the banks tighten lending to first-home buyers.
Our social security payments are so low that they trap people in poverty - it's incredibly difficult to get a job when you're worrying about how to put food on the table or to make sure you have a roof over your head.
New regulations designed to help stop Australians from getting stuck with problematic credit card debt kicked in on January 1. Find out how they affect you.
You hear them every January: spend less, pay off debt, save more. Here's how to give yourself the best chance of sticking to your new year's resolutions.
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