Coming out of the COVID-19 fog

Share to

1 June, 2020

Loading...

As the days pass with no new cases and with restrictions starting to ease, we find ourselves slowly emerging from the surreal fog that was COVID-19.

But what happens when the fog clears and things return to 'normal'?

What is going to happen to the 40,000 South Australians that have lost their jobs due to COVID-19?

Many South Australians are coming face to face with the harsh reality of financial hardship - something that they may have never experienced before. Ultimately, things that were affordable 3 months ago may no longer be affordable.

As the restrictions are lifted, the opportunity to spend money increases. Therefore if your financial situation has changed due to COVID-19, it is important to stay on top of your finances during this time.

  • What are your 'essential' living expenses and 'non-essential' living expenses?
  • Are you able to afford your 'essential' living expenses? If not, have you discussed hardship options with your credit and utility providers?
  • Are there any 'non-essential' living expenses that you may need to think about, due to the financial changes brought on by COVID-19?

If you feel like you are being engulfed by the fog of financial hardship and you can't see a way out, don't stress... there are people out there who you can talk to.

A Financial Counsellor can look at your overall financial situation and provide you with your options and can advocate and negotiate on your behalf if need.

Call the Affordable SA Helpline on 1800 025 539 to book an appointment to speak to a free Financial Counsellor or search for Financial Counselling Services on the Affordable SA App.

For more information and services, visit the attached link to the Money & Finances section of Affordable SA.

By Sam

More From 'News Articles'

Pay Day Loans during a Pandemic

Unscrupulous Pay Day Lenders have been caught out using the current global pandemic to market their products.

With many Australian’s facing ongoing financial uncertainty, some day pay day lenders have come to the party offering quick, short term loans to ease the financial stress brought on by COVID-19.

As a financial counsellor, this makes my skin crawl.

Along with paying back the original amount, pay day lenders also charge high interest rates, lender’s fees, defer payment fees, default fees, etc.

Within my role, I have seen pay day loans snowball into more than triple the amount originally borrowed.

If you are struggling financially and you need funds to pay for an expense, there are alternative options available.

Other options include:

- [NILS (No Interest Loan)](https://www.affordablesa.com.au/programs/money-and-finances/no-interest-loans-scheme-nils)

- [Speckle Loan](https://www.affordablesa.com.au/programs/money-and-finances/speckle-loans)

- [Step Up Loan](https://www.affordablesa.com.au/programs/money-and-finances/stepup-loan)

- [Household Relief Loan](https://www.affordablesa.com.au/programs/money-and-finances/household-relief)

If you are struggling to afford essential living expenses, it may also be worthwhile booking an appointment with a financial counselor to discuss your options. To book a free appointment, call the Affordable SA Helpline on 1800 025 359 or search for [Financial Counselling](https://www.affordablesa.com.au/programs/money-and-finances/financial-counselling-services) at the Affordable SA website.

For more information about how pay day lenders are targeting vulnerable Australians, see the attached article from ABC news.

By [Sam](https://www.affordablesa.com.au/team/sam)

View