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A step by step guide to managing your finances during the Coronavirus Pandemic

April 22, 2020  |  #Finance

If your income has been impacted due to COVID-19, this guide will help you take the right steps to move forward

If you’ve been impacted financially due to the Coronavirus pandemic you are not alone. Managing one or more job losses or reduced income payments in the household can be difficult to navigate. Knowing where to start can be the hardest part, especially if you’re unsure how to manage your investments or have a shortfall between money coming in and out.

Assistance is available, the Government has released benefit and stimulus packages designed to assist individuals, businesses, and the economy. Banks and other providers are also providing various relief through payment deferrals or payment flexibility during this time.

We too want to do our part and ensure we are not only helping our clients but also the wider community during this time, which is why we have to put together a complimentary eBook outlining a step by step guide to managing financial hardship during this pandemic. The eBook contains 6 chapters explaining ways you could fund a shortfall, improve your financial, utilise benefits and steps to secure your financial position now and, in the future, depending on your situation.

The most important thing you do is to take action as soon as possible rather than leaving it too late.

 

Download your copy here.

 

The eBook includes free resources such as budget planners to help you identify your previous and current position and checklists. Email support will be available and new insights and resources will be emailed over four weeks.

If you or someone you know may benefit from this eBook you can download your complimentary copy here.

We understand this can be a daunting time for everyone, you may find yourself applying for Centrelink for the first time in your life and don’t know where to start. You may be unsure of how to best manage your investments or considering accessing your super to fund a shortfall. All these areas and more are covered in the eBook.

We hope this eBook can offer some guidance and support during this time, please don’t hesitate to contact us if you wish to discuss your financial position or are unsure of your next steps.

 

You may also be interested in:

Where to start when dealing with financial hardship

Should I take money out of my super fund early?

Financial stress and maintaining a healthy mindset – COVID-19

 

If you have questions or want to speak with someone about your personal situation, get in touch. Many of these options are complex and have long term implications that may be worth understanding more fully.

What you need to know

This information is provided by Invest Blue Pty Ltd (ABN 91 100 874 744). The information contained in this article is of general nature only and does not take into account the objectives, financial situation or needs of any particular person. Therefore, before making any decision, you should consider the appropriateness of the advice with regards to those matters and seek personal financial, tax and/or legal advice prior to acting on this information. Read our Financial Services Guide for information about our services, including the fees and other benefits that AMP companies and their representatives may receive in relations to products and services provided to you.