Tag: Financial Stress
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Breaking free from living pay-to-pay
An alarming number of Australians are living paycheque-to-paycheque. This article explains how poor money management leads to cashflow issues and provides advice on breaking the pay-to-pay cycle and getting your finances under control.
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Six steps to mastering your debt successfully
With Australian households being one of the most indebted in the world, this article explains six key steps to quickly get your cash flow back in the black. Learn how to manage your debt effectively and build a more secure financial future.
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As interest rates rise, so does the risk of losing your home
With housing prices soaring and mortgages growing, have you considered what may happen when interest rates increase? This article discusses how even a small rise in interest rates can impact your budget and what steps you can take to prepare yourself financially.
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Financial recovery: should you DIY or outsource your debt management?
Credit and Loans, Debt Management, Economic Insights, Financial Health, Financial Planning, Financial Wellness, Personal Finance, Support ServicesAustralia’s average household debt rose to $261,492 in 2021-22, while disposable income grew modestly to $139,064. With rising debt levels, interest rates, and living costs, many Australians are turning to debt management companies for help. These companies offer services like debt consolidation and creditor negotiation but come with their own set of pros and cons.…
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How having a flat tyre could send many Australians flat broke
Consumer Behavior, Credit and Loans, Diversification, Economic Insights, Financial Planning, Financial Wellness, Lifestyle, Lifestyle & Well-being, Personal FinanceThe Australian Bureau of Statistics reports that the national saving ratio has plummeted to a 17-year low of 1.1% of total disposable income. Nearly half of Australians have less than $1,000 in savings, with 20% having no savings at all. This financial instability is causing significant stress, with 76% of respondents feeling strained by their…
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