Sunday 4 December 2016

Borrowing for everyday spending has become a hard habit to break

Published 22/09/2016 | 02:30

Click to enlarge
Click to enlarge

When times are good, it makes sense to salt something away. Times aren't always good. After the past eight years, nobody disputes that.

  • Go To

When bad times come, having some savings to fall back on makes life less difficult. It also means less disruption.

Running countries' finances and running household budgets differ in some significant ways, but in both cases prudence is important. If you want to avoid a shock - in personal life or in national life - having a cash cushion is wise.

Please sign in or register with Independent.ie for free access to Opinions.

Sign In

Read More

Don't Miss

Editor's Choice