Back in 1907, a landmark Australian labour law ruled all employees were obligated to be paid a wage that “guaranteed them a standard of living reasonable for a human being in a civilised community”. At the time, this wage was seven shillings per day or 42 shillings per week.
The great Albert Einstein is alleged to have described compound interest as the eighth wonder of the world. “He who understands it, earns it; he who doesn’t, pays it,” the famous scientist apparently said.
Savings.com.au Pty Ltd ACN 161 358 363 operates as an Australian Financial Services Licensee and an Australian Credit Licensee Number 515843. Savings.com.au is a general information provider and in giving you general product information, Savings.com.au is not making any suggestion or recommendation about any particular product and all market products may not be considered. If you decide to apply for a credit product listed on Savings.com.au, you will deal directly with a credit provider, and not with Savings.com.au. Rates and product information should be confirmed with the relevant credit provider. For more information, read Savings.com.au's Financial Services and Credit Guide (FSCG) The information provided constitutes information which is general in nature and has not taken into account any of your personal objectives, financial situation, or needs. Savings.com.au may receive a fee for products displayed.