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Entries for November, 2008

Reality set to bite for pampered generation

thewest.com.au reports:

Today’s twentysomethings are about to get a harsh lesson in the ways of the world as the economic meltdown changes the face of employment in WA.
Generation Y, the party is, like, so totally over. Twentysomething workers used to being the labour market’s spoilt darlings are headed for the shock of their young lives as [...]

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Aussies tightening belts this Christmas

It looks like Aussies are tightening their belts for Christmas.
thewest.com.au reports:
Australians plan to curb Christmas spending and spread out the buying of gifts, as they manage tighter household budgets, a survey shows.
The Mastercard survey found 83 per cent of people plan to tighten their belts this Christmas.
Almost half (49 per cent) plan to [...]

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How should you invest in a bad economy? Stocks? Bonds?

USATODAY.com reports:
Enough. The stock market — and your savings — have gone down steadily, day after day, for more than a year.
You’ve lost thousands this month alone. It’s time to do something. But … what?
Should you shift more money into stocks? Put it all into a savings account? Pay off your mortgage? Hop a freight [...]

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2 Countries with 2 very different Christmas spending trends

We came across two really interesting articles this week, one from Australia which indicates that spending patterns among Gen Y and older Australians is not decreasing despite the looming global financial crisis and the other from the US showing that people are tightening their belts this Festive season.
Obviously, the situation in the US is far [...]

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Finding lost money

I didn’t know there was a national database you can use to find unclaimed money.  It is amazing how many people lose track of their finances. Check out the website and see if you have any unclaimed cash!
Embedded video from CNN Video
Website discussed: http://www.missingmoney.org/

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