Sydney nurse Rachel Barclay is one of an increasing number of Australians turning to financial counsellors for help.
For those materially struggling with the rapidly increasing cost of living,there are several ways to get help.
Paying your mortgage,utility bills,insurance and groceries is no mean feat when you’re relying on one income.
The polls detected rising anxiety about living costs early in 2022. It is now entrenched as our number one concern.
Stagnant wages,strong demand and record-low vacancy rates are being blamed for a sharp fall in rental affordability over the past year.
While mild mallard types visit paradise.
Credit bureau Equifax expects credit scores to deteriorate as the costs of living rise,leaving those who tell lies on loan applications more likely fall behind on repayments.
While most households will withstand higher rates,a report from global ratings agency S&P says more will fall behind on mortgage repayments.
There is no need for panic. Here’s how to put a clear,calm and conservative plan in place to get through the rest of the year with your finances relatively intact.
Even in these “unprecedented” times,it’s not all doom and gloom on the economic front.
The RBA is expected to raise interests at its July meeting - with more to follow.