Debt And Credit Help

EVERY Victorian has responsibility for the huge state government debt, translating to about $10,000 per person.

State Government Debt has rocketed by $4.4 billion over the past year, and now totals $56 billion.

Auditor-General Des Pearson has warned the states ability to service that debt is diminishing.

The Auditor-Generals report tabled in State Parliament yesterday, revealed that the states wages bill had swollen by $1 billion.

The renegotiating of expiring major enterprise bargaining agreements will likely further increase employee expenses, Mr Pearson said.

This will impose additional cost pressure on the net result as employee expenses have historically grown at a rate above CPI.

Over the past five years, inflation  has increased by 15.3 per cent, but public sector wages have soared way beyond that level, by 35.6 per cent.

Mr Pearson said  that State Governments debt was becoming less sustainable because it was growing at a faster rate than economic output.

As a proportion of gross state product, debt represented about 9 per cent of the states annual output in 2006-07. B

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The short answer: do your homework before you make the sale. Although the economy is improving, things are still difficult for many small and medium sized companies. For many owners, sales are still slow, so whenever they get a sales opportunity they jump on it. They extend payment terms, if the customer demands it, to help ensure they don’t lose the sale. So just taking any sale for the sake of it is a risky strategy. In our view, a sale is not a sale until you get paid. And if you don’t get paid, you end up being worse off.

So, how do you make sure that you only work with customers that pay their invoices? There Full Post…

The economic crisis is making consumers wary of taking on more debt, according to the latest figures from the Bank of England.

The amount of consumer credit totalled £0.9 billion in October, the same as for the previous month, and only slightly higher than the six month average of £0.8 billion, suggesting that pressure on High Street sales will continue.

The Bank’s latest data also revealed a 0.3 per cent fall in the M4 measure of money supply in October, compared with the previous month.

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One of the most recognizable names and personalities in the finance world is undoubtedly personal finance guru, Suze Orman. Her often blunt financial advice has elicited a fierce following for this fiery Chicago native.

How Suze Orman Helps Others with Debt Management

One of the more common finance issues Suze Orman helps her followers with is debt management.

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Do you hate the thought of buying gas and paying $40, $60, $70, or even a $100 every time you fill up?  I know just were you are coming from, in fact Ive been their before.  I use to have a job that required me to do a lot of driving.  In fact once a week I was required to drive an hour and a half to a meeting that only took a few hours.  It cost me anywhere from $80 to a $100 a week in gas.  In the end, I told myself their has to be a better way, and thats when I decided to change, and look for ways to save money on gas, and in this article I will show you 10 things I did to cut down my gas cost.

1.  Dont

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