The COVID-19 pandemic is putting financial pressure on many individuals and families. While there are some support systems in place, it is still a stressful, unprecedented time for the economy and individual finances.
Managing existing bills and commitments during COVID-19 can be even more tricky when you and/or your partner have lost work. Applying for government benefits or additional support, as well as utilising other financial support services, can go a long way in easing the burden from income loss.
If you are struggling to maintain financial security and it is putting a strain on your relationships or mental health, we can help. Relationships Australia South Australia offers counselling services to help you manage your wellbeing. You can find them here: www.rasa.org.au/services/all-services.
Free, confidential and comprehensive support for people with or affected by gambling issues, including financial counselling, is available. Visit www.gamblinghelpsa.org.au if gambling is becoming a problem and affecting your life.
Find out about our COVID-19 response here: www.rasa.org.au/covid-19.
Stay financially afloat during COVID-19 by:
- Reviewing your budget, and working out what is a ‘want’ and what is a ‘need’.
- Re-prioritising your financial goals and considering a COVID-19 financial plan.
- Researching government payments, subsidies and benefits for the COVID-19 period.
- Seeking help for issues related to credit, debt or gambling.
- Contact your bank for help with mortgage or credit payments or hardship options.
- Reviewing your employment and/or study options.
- Researching government payments, subsidies and benefits for this period.
- Doing this one-step at a time, as rushing may increase stress levels.
If you or someone you know is experiencing any of the following, seek help early:
- Living outside their means
- Struggling with credit cards or other debt
- Stress or anxiety in financial discussions
- Hiding debts from a partner/family
- Using mortgage or money for other bills for gambling
- Feeling like gambling is inflicting harm on you or your loved ones
- Extreme mood swings or thinking about suicide
Telephone and online supports:
- Relationships Australia South Australia: 1300 364 277 or 1800 182 325 (country callers) rasa.org.au
- National Debt Helpline: 1800 007 007 (9.30am to 4.30pm, Monday to Friday) ndh.org.au
- Australian Banking Association: ausbanking.org.au
- Centrelink servicesaustralia.gov.au/individuals/centrelink
- Lifeline Australia: 13 11 14 lifeline.org.au
Here are some useful links you might want to explore
- Relationships Australia South Australia Gambling Help Services: Telephone and email intake staffed by qualified gambling counsellors
- How to apply for the Jobseeker Payment: Step-by-step guide in this ABC article
- The Gamblers Rehabilitation Fund
- Steps to look after yourself and your money
- Information about ATO measures and tailored support during COVID-19
- Financial counselling & support
- Australian Banking Association – COVID-19 questions answered
- Affordable SA is for South Australians struggling with affordability issues
- Economic Response to the Coronavirus