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Where to start when dealing with financial hardship
An action plan for facing financial hardship – what should I do first?
With a myriad of options on the table and a firehose of information being put out daily, where should you start? Coronavirus and the social distancing measures now in place to mitigate its impacts has lead to many Australians facing a loss or reduction in income. If that is you, where should you start to sort yourself out?
Right now, we are in unchartered waters. For many who have always been hardworking and successful financially, the outcomes of Coronavirus are meaning your income has changed. There is a significant risk that your income is now less than your expenses, and that needs addressing.
“The greatest cause of stress is uncertainty. “
We have put together a clear action plan you can follow that helps you through the steps in the right order. This action plan will provide clarity for you. The results may not be pretty, but at least you will know exactly where you stand and feel confident that you are doing what you can to navigate your way through this.
Download your action plan
Click here to register and download the action plan.
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.
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