The Middle East conflict has us all on edge.
For those travelling soon, check in with both your insurer and your airline. When the Australian Government issues a Level 4 "do not travel" warning, most insurance policies are void, even for an airport stopover, while no travel insurance covers claims arising from war. And if you’re thinking of cancelling a flight, talk to your airline and read our article. Jumping the gun could mean forfeiting consumer rights that you might have if they’re the ones that cancel.
Here in Australia, the disruption to supply chains and the predicted rise to petrol prices has some predicting the RBA will act when it next meets in less than two weeks time. I disagree.
For starters, which way would it move? A hike to the cash rate could dampen an economy it may soon need to resuscitate. A cut is off the table because inflation is running too hot. The Board is more likely to opt to revert back to a ‘wait-and-see’ strategy to get a better understanding of how long the conflict might last and how wide the impact extends.
For now, focus on what’s within your control. In a world of rising costs, small savings can add up. Whether it’s negotiating a sharper mortgage rate or simply shopping around for cheaper petrol – every win counts.
And in a brief reprieve from the heavy headlines, check out the winner of Australia’s best supermarket roast chicken – it may surprise you. If you haven’t yet tried the famous ‘chicken in a bag’ recipe, now might be the perfect time to give it a shake.