We talk about many Aussie families having to think about their spending, getting through a day at a time. The latest Household Financial Comfort Report shows our overall financial comfort is not increasing, although work conditions have improved. Paying monthly expenses has actually decreased and 40% of people are seeing living expenses increase.
Those under 35 and without children are the only group where comfort has been increasing. Often without mortgages and no childcare expenses their burden hasn't been quite as heavy but we're all still hit with fuel, utility and grocery costs.
Last night the Sydney Morning Herald picked up on the report, emphasising 1 in 10 Aussies are currently spending more than is earned. With a quarter of us having less than $1,000 in savings, this means plenty will using credit cards and unable to pay it in full when it's due. This results in high interest and even more difficult getting back on top.
We really hope Australians can appreciate the battle many of us face, be prepared to help each other more so we don't have to go without so much and can make time to get things done. Please be understanding that it's not always easy for others, your friends and neighbours.
Bernadette has worked in the nursing/aged care/disability and child care industry for over 35 years. Now a Mum of 5 and a Grandmother of 5, she cares about the community and wants to see her family grow up in a caring supportive environment.
“Remember, treasure love and inspire your littlies every chance you get. “ Bernadette Gilligan
Special Needs Supermums is for Mothers of Children with Special Needs worldwide.
Special Needs Supermums encourages mothers of children with special needs to invest in their self-care and put their oxygen mask on first. Our mission is to educate through online shows, eBooks, Books, Webinars, Workshops, Online Programs, Retreats, Speaking and Coaching.
Bulimba Business is your ‘go to’ site to find all your favourite Bulimba businesses. You’ll find reviews, listings, events, products, special offers and more. If it’s happening in Bulimba, BB makes it our business to know so you do too.