Random thoughts and observations
Australia adopted decimal currency on February 14, 1966, the year before I was born. According to Wikipedia: In 1965, the Prime Minister, Sir Robert Menzies, a monarchist, wished to name the currency the royal. Other proposed names included more exotic suggestions such as the austral, the oz, the boomer, the roo, the kanga, the emu, the digger, the kwid, the dinkum and the ming (Menzies’ nickname).
I can’t remember when I first wrote a cheque, but it was probably around 1987 when I was 20. At secondary school we were taught how to write cheques. For my parents it was the main way of paying bills and using cheques seemed a natural thing to do. When I ran my own business in the mid to late 90s, I used cheques extensively, but gradually switched to credit cards for fuel and Bpay or direct debit for regular expenses.
The accountant is someone I see only once a year. It’s reassuring to see the accountant, because I would otherwise doubt if he actually exists. In fact I have two accountants. One in Myrtleford handles my company affairs and I have one in Mount Gambier for my personal tax returns. I shifted my personal business [...]
Last night I went to transfer $800 from my Westpac savings account to my Westpac Mastercard account. Using electronic banking I accidentally did it the wrong way round, and transferred from Mastercard to the savings account. I immediately moved the money back again to the correct account. Today I saw that Westpac charged me $16.06 [...]
My everyday banking has been with Citibank for several years now. I like their Ready Credit card, which is like a debit card, cheque account, personal loan and Visa card rolled into one. I have a linked transaction account, into which my wages are paid and from which several direct debits are made. I also [...]
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