03-29-2022 05:28 PM - last edited on 04-13-2022 10:35 AM by Philippa-RO
It's been a tough few years for a lot of families, and with cost of living expenses continuing to rise, financial pressures are definitely something that can add a lot of stress to family life.
We recently created a guide with MoneySmart for our online community for young people, and thought that it would be relevant to a lot of parents and carers here too.
Talking about your financial situation isn’t always easy, but this is a safe space to open up about what you’re going through. Before we get into this guide we’d like to acknowledge that there might be some members of our community who are in a financial crisis and need more support.
If it’s a struggle to afford groceries, medication, transport or bills there is help available:
This guide is brought to you by our friends at MoneySmart, and we hope these tips give you some practical tools to cope with money stress.
My name is Heidi, I work at the Australian Securities and Investments Commission (ASIC)
Moneysmart is a free and independent site that provides up-to-date and relevant financial information, designed to be a starting point for people when making financial decisions.
Managing your money can be stressful at times, but not paying attention to your money can make matters worse. If you or someone you know is struggling with finances, here are some steps you can take:
We've also got some great resources on our parents page on helping parents to talk to their teenagers about financial pressure, and coping with financial stress:
We'd love to hear from you- how does financial stress affect your family? Are there any strategies you've found helpful?
11-23-2023 07:33 AM
Thanks for sharing this valuable information, Heidi! Financial stress can indeed be a significant challenge for many families, especially in today's economic climate. It's great to see resources like MoneySmart offering support and guidance.
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