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Avoid a credit-induced financial 'hangover' this Christmas


Wed Jan 14 2009

 The festive season is a time of giving presents, travelling and entertaining that all cost money. This year take steps to make sure your credit card debt doesn’t leave you with a ‘financial hangover’ in the new year.

Credit cards are usually the most expensive way of borrowing money. And Australians owe more than $44.7 billion on credit cards alone.*


ASIC has issued the following tips to help families manage their finances over the Christmas break.
http://www.fido.gov.au/fido/fido.nsf/byheadline/Avoid+a+credit-induced+financial+%27hangover%27+this+Christmas?openDocument

FIDO News is a monthly e-bulletin from the Australian Securities & Investments Commission


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