Facing Your Money Fears (and Who Can Help)

Author: Vanessa Stoykov
Category: Financial Freedom

Someone recently asked me “what’s keep you up at night?”

I have to say, there has been plenty to keep me burning the midnight oil – coping with the outcomes of COVID19. But the one that I keep coming back to, is the thought of hundreds of thousands of people here in Australia really suffering financially. Many finding themselves unemployed for the first time, and having to negotiate payments and debts that they never thought would be an issue.

Of course everyone knows I am a massive advocate for financial advice. It is an absolute game changer. More than ever, Australians need it. Many people are turning to their super funds, who are working hard to communicate and deliver to members in the toughest of circumstances, particularly around early release of super. Their care and ethics will be a huge advantage for Australians navigating this climate.

It is also good to know where else you can turn if you need help. Sometimes problems keep rolling around in your head, and you can’t find a solution. Which is why you need to talk to a third party, who can give you sound counsel, particularly if you are struggling with managing debt. I talk a lot about debt being a great evil – it can literally steal years off your life to stress and worry about.

I was recently contacted by the National Debt Helpline, asking me to get the world out about their service. They are a free not-for-profit service, funded by the Federal and State Governments of NSW and VIC, to help people tackle their debt problems.

To be honest, I didn’t know about this service myself. The more I looked into it, the more assured I became that it is a great first step for people who just don’t know what do with their current debt situation.

As financial counsellors they can assess your whole financial world, advise you of your rights, and help you work out how to negotiate with people you owe money to. Valuable help at a time where often another voice of reason is needed. Like super funds, they aren’t selling you anything – its there to help put you on the right path if you are struggling with debt and how to manage money. Visit the National Debt Helpline here.

There’s also a whole bunch of excellent information and calculators on the Government Money Smart website which has tools that help lead you to the solution you are looking for.

While it can be a very scary place to be, it is important to remember there are people who can help you get your financial affairs into a plan, so you can move forward in the best possible position. You are not alone.

Keep searching for answers and asking the right people to help, so you can ease the stress around money from your mind – once you have a plan of attack, everything starts to look better.

I hope this helps.

Until next time,

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Each day I wake up excited to inspire everyday people to open up and take control of their money, regardless of their history, goals, or savings amount. About Vanessa >>

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Authors

Vanessa Stoykov

Vanessa has been passionate about writing and storytelling since her days of hiding under the doona with her torch to read after bedtime.
Kathy Skantzos

Kathy is a yoga-loving world traveller who also happens to moonlight as a business journalist and writer. She was the finance editor of news.com.au and the Managing Editor of CEO Magazine (Asia) before joining Vanessa and the evo squad.
Shayne Sommer

Shayne is second dan black belt in karate, and a budding romance writer with a difference. Why? Because she writes romance stories that always have a money lesson.
Antoinette Colbran

Specialising in stories for 50+ women, Antoinette draws from her own experiences to help other women avoid the pitfalls and see the benefits of understanding their money situation.
Michael Crooks

Michael Crooks is a more than 20 year writer and documentary maker who has worked with Time Inc and the BBC, who wants to expose the truth from real victims of financial crime to help others avoid their mistakes.
Kim Payne

Kim Payne has spent the past three decades as a speaker, trainer, business coach, and consultant in financial services. She has worked with and transformed hundreds of brilliant, educated, high achievers who are chronically under-living.
Rebecca Pritchard

Rebecca Pritchard is on a mission to help men and women achieve equality when growing a family.
Antony Perring

Ant is a writer, designer and business builder with a love of food, design and good living. He writes on food and money in an easy to do way.
Julie Hyde

Julie Hyde is a leader of leaders. A disruptor and a powerful people enabler who empowers leaders to make big things happen.
Joshua Pennell

As a Dad to four kids and a business owner, Josh is passionate about family and finances and is known as The Family Finance Guy.
Sid Lal

Sid is a serial entrepreneur who set up his first business when he was still in University. Since 2009 he has been heading Bruce Clay, first in India & more recently in Australia.
Lou Johnson

Lou Johnson believes in the power of sharing stories to build empathy, understanding and connection. Growing up surrounded by books and storytelling, alongside her drive to make a difference led her to a highly successful career in book publishing.
David Rae

Dave is a CERTIFIED FINANCIAL PLANNER® professional and has been a financial adviser since 2003. He works with a range of clients and has a strong focus on ethical and sustainable investing.
Natallia Smith

Natallia specializes in assisting pre-retiree single women—whether they are never married, widowed, separated, or divorced—understanding deeply the importance of financial stability during life's pivotal moments such as separation, divorce, retirement, and the loss of a loved one.
Mark Hoy

With over 15 years of experience in financial services, Mark established Wollemi Wealth Management in 2013. His business is built almost entirely on referrals and word of mouth — a testament to the trust, integrity, and long-term relationships he forms with his clients.
Derek Gascoigne

Derek Gascoigne is the State Manager for UniSuper Advice in Victoria and Tasmania. Derek has been with UniSuper for over 15 years, and his career in superannuation and financial services spans 27 years and counting.
Annika Bradley

Annika Bradley is Head of Advice Strategy, Research & Technical at UniSuper. She brings over 20 years of experience across investments and wealth management in both the public and private sectors.
Wayne Leggett

Wayne has been a recipient of numerous industry awards and was one of the first to qualify as a Certified Financial Planner (CFP). He has been heavily involved in industry affairs at the highest level, including serving as national president of the Association of Financial Advisers (now FAAA).
Conrad Francis

Conrad Francis is the Founding Director of Inspired Money, a Perth-based financial coaching and financial planning, mortgage broking and money coaching firm he established in 2011.
Andrew Beks

Andrew Beks is a Chartered Accountant and the founder of Simplified Business and Accounting.