BUDG025 5 tips to survive a decline in income (524 words)

BUDG025.docx

Description
Introduction

Description
Introduction

Description

Unfortunately, many Australians lose their jobs every day and it can be a stressful period when it comes to covering household expenses. In this article, we provide five tips to help manage your finances if your income has fallen.

Introduction

Since precautionary measures were heightened to slow the spread of COVID-19, almost 1 million Australians have lost their jobs. According to the Australian Bureau of Statistics, Australia lost 7.5 per cent of its jobs between 14 March and 18 April. If you're one of the many Australians who has lost their job, it's understandable that you may be feeling stressed about managing your finances.

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