With fears of an Australian recession due to COVID-19 rising, how can you prepare to ride out an economic storm?
With rising unemployment and many businesses forced to shut at least temporarily, many Australians are suddenly wondering how they’ll continue to meet their mortgage payments. Whether you're out of work due to the pandemic or you're simply dealing with other financial challenges, the following are some potential solutions worth investigating.
It would be wonderful if scammers and hackers took a holiday during the COVID-19 crisis, but sadly many are instead using it as an opportunity to create more havoc. That’s why it’s more important than ever to keep your personal financial data safe and secure.
When your finances are stretched, paying all of your bills in full on time each month can become near impossible. If you are struggling to pay your bills on time, it’s worth giving some thought to how best to prioritise them. This can help minimise any impact on your credit score and ease your long-term financial recovery.
With Covid-19 rapidly up-ending the way we live and work, the financial aspects can be as concerning as the potential health risks. Thankfully, the government and lenders are acting quickly to put in place strategies that can help cushion the blow for individuals, households and businesses. So what help is available to you now?
The COVID-19 pandemic has impacted many things already this year and the next on the list may be your taxes. If you’ve been working at home, you can claim working from home expenses, and if you’ve received financial hardship stimulus payments from the government, you’ll need to declare these payments as income.