Money Matters: Navigating Credit, Debt & Financial Freedom

Bad Credit Makes For Bad Santa Experience

6 mins 4 mths

We are not joking about something like suicide or the depression that can follow from poor financial decisions and outcomes. It can be a very dark time for those who have cooked their goose with financial controllers around the place. A bad credit rating is not a death sentence: It just feels that way in the game of life. The free enterprise system, where we can buy and sell things like goods and our services, is sometimes like a very serious board game – where the stakes are high and not Monopoly™ money. Losing one’s reputation around money and assets can be a difficult proposition to win back. It is more than the discomfort of not being able to afford the things you want. In a highly materialistic nation like Australia your credit rating and wealth are akin to your mobility within the various stratas of society. Door can close in your face and it takes great resolve to soldier on and get through these hard times.

Book Review Economics Fresh