How Financial Counsellors Can Help You Navigate a Cost of Living Crisis
The rising cost of living in Australia is putting pressure on many households. From grocery bills to utility costs; rent hikes or mortgage stress, it can feel overwhelming. But did you know that free, professional help is available to support you through these financial struggles? Financial Counsellors are here to assist you in navigating cost of living challenges to empower you to regain control over your finances.
What is Financial Counselling?
Financial counselling is a free, confidential and independent service designed to assist individuals facing financial stress. Financial Counsellors are trained professionals who can help you understand your financial situation, explore options, and find practical solutions to ease the burden of debt and everyday expenses.
How Financial Counsellors Help with the Cost of Living Crisis
Budgeting Assistance: A Financial Counsellor can help you create a realistic budget based on your income and expenses. They’ll work with you to identify areas where you can cut costs and make sure your money is being spent efficiently. This is especially helpful when costs are rising, and it feels like there’s never enough to go around.
Accessing Government Assistance, Grants and Resources: Did you know there are government programs designed to help with living costs, such as rebates on utilities or rental assistance? Financial Counsellors are well-versed in the available benefits and can help you apply for these programs, ensuring you’re not missing out on the support you deserve.
Debt Management and Negotiation: If you’re struggling with bills or loans, Financial Counsellors can act as intermediaries between you and your creditors. They can help you negotiate payment plans, reduce interest rates, or even consolidate your debts. This can provide immediate relief and help you avoid penalties or collections.
Understanding Your Rights and Protections: In tough financial times, it’s easy to feel powerless. Financial Counsellors can help you understand your legal rights, including protections from creditors and utilities companies. They can guide you through your options when it comes to negotiating with banks, credit card companies, and other lenders.
Long-term Budgeting and Planning: While the immediate focus may be managing the cost of living crisis, Financial Counsellors can also help you plan for a more stable financial future. They can advise you on saving strategies, emergency funds, and debt reduction so that you feel more secure in the long run.
Who Can Benefit from Financial Counselling?
Anyone struggling with money or feeling financially overwhelmed can benefit from financial counselling. Whether you’re a single parent, a senior on a fixed income, or someone dealing with job loss or illness, Financial Counsellors are trained to help people from all walks of life. If you would like to book an appointment with a Financial Counsellor call 1800 007 007.
