May 25, 2020

Facing Your Money Fears (and Who Can Help)

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,

Vanessa

Leave a Comment

  • From Kids Debit Card on Changing Conversations You Need to Have with Your Kids

    The goal of the following article is to assist parents have meaningful conversations with their children about money and financial literacy by providing them with practical guidance and useful recommendations. The author discusses goal-setting, budgeting, saving, and investing, and offers advice on how to have these discussions with people of varying ages. The essay is informative and easy to read, making it a valuable tool for parents who want to teach their children about money.

    For More Info:-https://busykid.com/kids-debit-card/

    • From admin on Changing Conversations You Need to Have with Your Kids

      Thanks for your comments!

  • From Gale Pickles on It Was the Best of Times, It Was the Worst of Times

    So enjoyed this, I will share if that’s okay with you, many of my friends will benefit from your journey.
    Many Blessings for 2023
    ♥️♥️♥️♥️♥️

  • From ScottViabe on Three ways to embrace change to improve your life

    Hi all! This is a good site.

  • From David Horton on How Finfluencers are teaching millennials and Gen Z about money

    And once again the regulator finds a way to stop ordinary people from getting advice by placing high costs on people who do the right thing. If a finfluencer is actually trying to scam someone, it would not be hard to operate outside Australian jurisdiction.

    • From admin on How Finfluencers are teaching millennials and Gen Z about money

      They definitely have a place. People need advice and many are working on it to be more accessible. Watch this space!

  • From Camelia on IT'S NOT TOO LATE FOR YOU

    It’s never too late to learn something new and to start all over again. Unless you’re dead, you can do it.

    • From admin on IT'S NOT TOO LATE FOR YOU

      So true

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 >>

Book

Discover a new way of seeing
life & money.

Download the first 3 chapters for free

Download

Related Articles

The real cost of money worries? More than a penny for your thoughts.

  Angie was nestled amongst the cushions of Nick’s luxurious sofa, wrapped in his plush bathrobe, a temporary substitute for his embrace as he took to the kitchen to brew a perfect mug of coffee. She loved that recently, Friday...

Three ways to improve your money mindset

Money had fascinated me for as long as I can remember. Not necessarily the accumulation and growing of it. More, the impact it has on who we are, how we feel about ourselves and how others view us. Money and self worth are as closely linked as our...

Why 7 Minutes a Day Can Change Your Life

I have spent my career making educational content that explains concepts in financial services easier to understand and relate to. Have I succeeded? I have people who tell me their savings got them through COVID. I've had people say they got a...