Woo Hoo I got my Rudds!

My 20 year old son has been talking about how his friends had started to get their Rudds! When will we get ours Dad he asked me. I wondered at first what he was talking about but soon realised he was referring to the second federal government stimulus package payment as ‘Rudds’.

Well I got mine the other day but then I was faced with the dillema; what should I do with it? I know we are supposed to spend it but I also figure we are going to be taxed to death for years to come after the recession (did I say recession!!!!) so the government can pull itself out of the debt hole it is digging.

About 20% of my readers told me the last time money was being handed out that they just spent it. Another 20% saved it and the remaining 60% paid off debts and bills. Surely all that helped boost the economy!

I think I will just sit on it for a while because it will come in handy for paying my next tax bill! The governmnet will be looking for a bit of a stimulus package from me before too long so at least I will be in a position to help them out!

Happy New Year (or not?)

So we’re well and truly off and running into the new year (3% is already gone!).

The question is, will it be a financially Happy New Year or one we will look back on with not so happy thoughts. After daily headlines of doom and gloom in the latter part of 2008 the only people who really experienced the doom and gloom first hand were retirees who’s nest egg dissappeared before their very eyes. For the rest of us our super funds shrank but that did not affect our daily lives.

Dropping fuel prices and interest rates actually improved week to week cash flow for most of us but property prices have softened significantly causing grief for some people (people who really needed to sell have had to take a lot less than they would have received 18 months ago).

The one thing that I believe will either make or break 2009 is employment. If unemployment rises significantly due to an economy slow-down then a lot of people will be hurting by the end of the year. I guess only time will tell!

I will be running Tough Times Workshops in Brisbane, Sydney and Melbourne over the next few months to help people get their finances in tip top shape so whatever comes along they will be prepared. Keep an eye out for the dates.

That’s all for now.

DW

25,000 Customers - Simply Budgets is a ‘Best Seller’!

It’s really exciting times here at Simply Budgets. We did it; 25,000 copies of Simply Budgets have now gone out to people all over the globe and the orders keep coming!

I thought it would be a good idea to celebrate this major milestone and so that is what we have done. Over 100 people responded to the special offer of great bonuses and the chance to be the major prize winner over the last few weeks.

Lorelle Urquhart from Brisbane was the lucky 25,000th customer and she won over $3,500 worth of prizes including a holiday for two in Fiji!

With all the talk of global fiinancial melt-down and debt concerns everywhere more and more people are asking for budgeting help. All celebrations aside, that is what Simply Budgets is all about and I am proud to have helped so many people as we reached this milestone.

More next time.

Regards
David Wright

When partners have different spending habits