Wednesday 21 February 2018

Borrowing for everyday spending has become a hard habit to break

Click to enlarge
Click to enlarge
Dan O'Brien

Dan O'Brien

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

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 for free access to Opinions.

Sign In

Promoted Links

Today's news headlines, directly to your inbox every morning.

Don't Miss