While financial stress is widespread, there are some commonsense steps you can take to stay in control:
1. Create a simple budget
Around one‑quarter of Australians report difficulties creating a budget. Start by listing essential expenses, then discretionary ones. Review it monthly. Free tools from MoneySmart can help.
2. Be cautious with credit
More than half of those in debt owe money on credit cards, and 26% have “buy now, pay later” debt. These products can easily accumulate fees, especially for those on fixed incomes.
3. Talk openly about money
Even a short conversation with family, friends, or a counsellor can reduce stress. Silence only increases the burden.
4. Seek help early
Whether…