Mr Donal Sabu

Editorial Questions Article One Stick to spending necessities COULD there be any more symbolic reminder of the dangers of living beyond your means than being bankrupted by the company that financed your luxury automobile loan? Figures show about 250 Australians argon being chased in court by BMW Finance after defaulting on their prestige car loans. That is about 250 Aussie families or singles who argon not only going to lose their luxury car, scarcely possibly their house and savings as well. Some of the hoi polloi being pursued had borrowed the equivalent of a years payoff in order to purchase their status symbol. Australia has a comparatively strong economy at present, underpinned by the mining orbit and a st qualified jobs market. But the cost of living is ripening -- home-loan interest rates have been climbing, while household expenses such as gas, electricity and water have been soaring. Luxury cars are just that -- a luxury, not a necessity. And the retail celestial sphere is still unsettled -- as evidenced during the past hebdomad when the company that owns Borders and Angus and Robertson booksellers went into voluntary administration. The company is now forcing barbarous customers who want to redeem vouchers to pay equal amounts of cash in front they can use their vouchers.

On the other hand, grocery heavyweight Coles now has a wonderful opportunity to give something bet on to customers. The promised shake-up of its 17-year-old FlyBuys program should result in more openhanded rewards for loyal customers -- some of whom have to shop for years at Coles before they can redeem a one-way, economy divide flight. Lets hope the promised boost provides real rewards at the deterrent for the millions of loyal customers who carry a FlyBuys card in their wallets. Questions: 1. The reduce is about a number of Australians taking out a loan to purchase luxury cars and not being able to pay it back. 2. The Authors point of view is that Australians should only purchase what... If you want to get a full essay, order it on our website: Ordercustompaper.com

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