The Reserve Bank of Australia (RBA) raised interest rates from 6.25% to 6.5% on 8th of August 2007. The rise was the ninth increase since May 2002 and the fifth increase since the 2004 federal election. The rates may have to be raised again at the end of 2007 as economy is strengthening in Australia.
Rate rise, petrol price increases and cost of basic food increases have put many families at breaking point. Lots of us have to put 9.5 per cent of all our disposable household income to the mortgage repayments. We have to pay about $1.3 per a litre of petrol and more than $8 dollars a kg banana.
How can we survive?
Most of us only have salary income and have two major weekly expenses:
mortgage repayment and grocery shopping. Our income and mortgage repayment
don't change often but our grocery shopping expense depends on how we shop,
what we buy and how much we need every week.
How do we manage or control the expense of our grocery shopping? We need a
computer application to do work for us. There are lots shopping list
applications available for free download and we should download them and
try to see whether they can help us or not.
One thing for sure, we have to shop smartly with Shoppingmate.
Squares Solutions Company
August 2007
|
