Picture this...You own a home, and have a mortgage. You have 2 young children that attend Primary School. You have become ill, and become unable to work for 6 months. How will you make the mortgage repayments?
Think about it this way. If you are unable to work for an extended period due to illness or injury, how will you meet your mortgage repayments and other bills and expenses? Without an income, you could run down your savings very quickly and face financial difficulty.
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Is The Strong Aussie Dollar Good For Australia?
Depending on your investment or business situation, a strong Australian Dollar may affect us all in different ways. We found this article helpful by Shane Oliver.
We hope you find these articles as interesting as we did.
The team at Altus Financial.