Should We Live Within Our Means in the Age of Credit? An Accountant's Perspective - Hope 103.2

Should We Live Within Our Means in the Age of Credit? An Accountant’s Perspective

Pete Burrows from Lower Russell & Farr at Penrith, Sydney, wants us to keep focused on needs over desires.

By Ben McEachenTuesday 20 Sep 2022Hope MorningsFinance and BusinessReading Time: 1 minute

My parents raised me to live within my means but does that still apply in our era of credit? 

Even though cost of living pressures are impacting, basically, all of us, there seems such easy access to borrowed money.

So, is “living within our means” dead?

Pete Burrows is an accountant at Lower Farr and Russell at Penrith in western Sydney. He works with individuals and small businesses and told Hope Mornings about where he thinks we are at with “living within our means”.

Pete also urged us to keep a grasp on what we want, and what we need.

Listen to the full interview with Pete Burrows in the player above.

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