Financial Stress

Financial pressures are a cause of fear and stress for millions of Australian households during this period of global price inflation. Whilst we cannot fix the global economy on our own, there are things you can do to help yourself and your family to cope with the burden of financial stress.

Taking care of your own wellbeing

When facing the pain of financial stress, it’s easy to forget to take care yourself. It is important to spend time doing things fulfilling to and take care of your health, after all you cannot work due to health concerns caused by stress and a disregard for your health you cannot support yourself.

You can reach out to PsycHealth EAP to speak with psychologists and counsellors when you need confidential support.

Budgeting

One of the most direct ways to combat financial stress is to plan your expenses, by planning your expenses otherwise known as “budgeting” you can more clearly see your income and expenses and prioritise the most important expenses and maybe even cut out some unnecessary expenses you didn’t realise you were paying for.

Gambling and betting

For many gambling and betting are fun activities with friends, but it can get out of hand and become a cause of distress and begin to dictate our behaviour. According to the AIHW 2 in 5 Australian’s gamble on a weekly basis in 2022 source: Community Attitudes Survey (Australian Gambling Research Centre, 2023). If you are struggling with gambling, there are services you can reach out to for confidential support for you and your loved ones who are affected.

For further support and assistance, please call the Psychealth Helpline, details below.

Phone: 1800 497 197 (AUS)/ 0800 466 400 (NZ)

Email: info@psychealth.com.au

RESOURCES

Help is not too far away.

For further resources and assistance please see below: