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AAP
AAP
Kaaren Morrissey

NAB customers cut spending, interest rate peak in sight

Some 40 per cent of NAB customers are doing a budget for the first time in their lives. (Joel Carrett/AAP PHOTOS)

Households appear to be taking rising interest rates in their stride as they actively seek out cheaper loans so they can meet mortgage repayments.

While many National Australia Bank customers have increased working hours or taken on a second job, some have concluded that's not enough and are cutting deep into their spending.

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