With a second wave of COVID-19 upon us and uncertainty around government benefits such as JobKeeper, the financial pressure on both businesses and individuals may have you questioning your lending options and how you can ride out these times of uncertainty.
What questions are Australian's asking financial planners, when are they asking and what are the barriers to seeking financial advice?
Being financially secure is a top life goal for many Australians. The exact measure of financial security is different for everyone depending on your stage of life, lifestyle, liabilities and of course your goals and dreams.
Is your friend circle sending you broke? How can you prioritise reaching your financial goals without sacrificing your social life? How should you split expenses with your partner? Does it feel like you are always the one who ends up paying more? What if your partner is on a much higher salary?
Throughout the current Pandemic, there have been some government benefits available to support those who have been financially impacted by the needs for quarantine, social distancing and some industry shutdowns. Recently, there have been updates to what is available.
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When you consider finances are a leading cause of stress in Australians it is not surprising to hear it is also one of the top reasons for separation and divorce. Navigating finances can be challenging in a relationship at the best of times, let alone amidst the Coronavirus pandemic. So, how can you prepare and manage your finances for divorce or separation and what extra steps should be taken into consideration during the current market environment?
Considering that financial security is the number one life goal for Australians, there's no doubt that we would all like to be debt free no matter what stage of life we are in.
There are many situations that may lead you experience a difficult financial period, from redundancies, reduced income, inability to work due illness and of course by the current Coronavirus pandemic. When facing financial difficulty, you may find there are more options to consider than you originally thought, such as potentially accessing your home equity.