Thank you RBA

What a relief!
RBA decided to hold their interest rates this week.

Financial analysts reckon its because of the natural disasters.
Natural disasters both here and overseas; earthquakes in NZ and Japan, flooding in Queensland and Melbourne, cyclones, tsunamis, etc.
These horror run has rattled confidence.

Our finances are definitely inadequately prepared to cover the rising costs of home loan repayments. Since we bought our house, our monthly repayments had increased to $500 more than we used to pay.  That's $500 dollars $$$$$$.

That's more than a month's pay of a normal worker back in the Philippines! 
In the Phils with that money, a family of 6 can survive.
Pay for their rent, buy food, pay utilities, buy new clothes etc.

Its unbelievable to think, but back then we were just paying $150.00 in rent (Manila).
Now, we are paying more than 15 times of that.

But still, Thank you RBA for holding your interest rates for the moment.
With that, we probably saved about $60 per month.
Eagerly hoping that it will not increase for the whole year!