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How Financial Literacy Affects Your Income, Debt and Wealth Levels

Chloe Harris - Featured writer

Kate Schwager 0 286 Article rating: 1.0

Financial literacy is understanding money: how it’s earned, spent, and grown. It also extends on how money is used to help others. Research indicates that financial literacy has a critical correlation to income, debt, wealth accumulation, and retirement planning.

Credit Capital’s senior credit advisor, Alistaire Claire, emphasises its importance,” Learning and applying basic finance concepts in your everyday life is the way to financial security. Without the right knowledge, it’s easy to commit huge financial mistakes. It is through lack of financial literacy that people fall for fraud investment schemes and credit card debts. Just knowing the basics can provide you with a level of protection.”

Roy’s Roundup

Kate Schwager 0 1700 Article rating: 2.0

Hi Folks, 

A belated Happy Easter! I hope you all got some time with family or friends, and spent time doing things that brings you happiness and contentment. 

The floods in Sydney, Moree and the Coast have been devastating. There is no getting away from the property damage and economic cost of this incident. The good news for us is that rainfall in our own catchment and flows out of Queensland should see some of the best river flows in years. Well over 500GL should hit Menindee, it’s my priority that water is retained in Menindee to protect the lower Darling for as long as possible. I have asked the Minister to review the 480GL/640GL rule that transfers control of Menindee Lakes to the Murray Darling Basin Authority (MDBA) when storage is over 640GL. These discussions are ongoing. 

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