Interest Rate Fashion

This week the Reserve Bank of Australia were ever so kind to slash interest rates by 0.25% – the second reduction in as many months.  Hopefully your Bank is not being a Grinch this Christmas and has passed the rate on.  If they haven’t, pick up the phone and mention the “O” word (Ombudsman).  I once worked in finance and staff crap themselves over this one.

If you have an average mortgage of $300,000 you stand to save about $50 per month.  Fifty big ones might not buy you an entire outfit but it’ll get you close, hence this week’s fashion picks are all under $50.

French Connection Crop Tee – $39.95

Sussan Tribal Necklace – $39.95

Seed Flat Espadrille $29.95

Country Road Crochet Tank – $49.95

Treasurer Wayne Swan would be excited we are propping up the economy with our mortgage savings, so shop with pride this Christmas.  Wayne is also a Cancerian who likes barbecuing and surfing in his free time.

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