Bank finance articles and tips

Australia - start now.

If you are living paycheck to paycheck, you are not alone. A recent study by the Financial Industry Regulatory Authority Investor Education Foundation shows that over half of all Americans living paycheck to paycheck.

Of the 55 percent of Americans in a paycheck to paycheck financial situation, a great number are spending more than they are making and therefore incurring debt.

60 percent of all Americans do not have sufficient savings to provide for unexpected emergencies, leaving them to turn to short term small amount loans to make ends meet when an unexpected situation arises.

According to the International Monetary Fund, in 2010 Australia ranked thirteenth globally in terms of GDP, twentieth for the value of its exports, and fiftieth for the size of its population.

Yet, despite only having 0.33% of the world's population, the Australian dollar is one of the five most frequently traded currencies in the forex market. The popularity of the AUD among forex traders is due to geology, geography and government policy.