The Corona Virus And Your Financial Sanity

Jodi Carle from Sterling Finance helps to bring some perspective into how best to manage what is an unprecedented event. The Corona virus is affecting economies, large and small and everyday people are feeling the financial consequences. Instead of panicking, Jodi shares some information that may at least, relieve some of the panic you may be faced with as job losses and business closures become an everyday reality. In the face of such alarming and drastic changes, Listen as Jodi lays out some options at your disposal to help alleviate some of the financial stresses and strains you might be experiencing. WEBSITES AND USEFUL LINKS ASIC Hardship Information: https://asic.gov.au/for-consumers/loans-and-credit-cards/hardship-threshold/ MoneySmart Hardship Information: https://moneysmart.gov.au/home-loans/problems-paying-your-mortgage https://moneysmart.gov.au/managing-debt/urgent-help-with-money Australian Financial Complaints Authority (AFCA) for hardship information or complaints: https://afca.org.au/make-a-complaint/financial-difficulty/ MENTAL HEALTH FOR INDIVIDUALS AND THE SMALL BUSINESS SECTOR OWNERS - The outbreak of the coronavirus COVID-19 has impacted people in varying ways on an international scale. It is understandable that during times like this, people may be feeling afraid, worried, anxious and overwhelmed by the constantly changing alerts and media coverage regarding the spread of the virus. While it is important to stay informed, and I have provided some useful govt links below, I have also provided some mental health resources as well: Lifeline: https://www.lifeline.org.au/get-help/topics/mental-health-and-wellbeing-during-the-coronavirus-covid-19-outbreak Small Business: https://www.headsup.org.au/healthy-workplaces/for-small-businesses Ahead for Business: https://aheadforbusiness.org.au/ COVID-19 - The Australian Health Department has prepared a list of resources in English about COVID-19, including fact sheets, guidelines and other publications. https://www.health.gov.au/news/health-alerts/novel-coronavirus-2019-ncov-health-alert/coronavirus-covid-19-resources Australian Government, Department of Health: https://www.health.gov.au/news/health-alerts/novel-coronavirus-2019-ncov-health-alert/what-you-need-to-know-about-coronavirus-covid-19 Australian Government, The Treasury: https://treasury.gov.au/coronavirus Government of Western Australia: https://www.mediastatements.wa.gov.au/Pages/McGowan/2020/03/COVID-19-economic-response-Relief-for-businesses-and-households.aspx Global: https://www.investopedia.com/government-stimulus-efforts-to-fight-the-covid-19-crisis-4799723 Travel: https://www.smartraveller.gov.au/news-and-updates/coronavirus-covid-19 Current Status: Find out how the Australian Government are monitoring and responding to the outbreak, how you can help slow the spread of COVID-19 in Australia, and what to do if you have symptoms. The Australian Government also report the latest official medical advice and case numbers. https://www.health.gov.au/news/health-alerts/novel-coronavirus-2019-ncov-health-alert?utm_source=health.gov.au&utm_medium=redirect&utm_campaign=digital_transformation&utm_content=health-topics/novel-coronavirus-2019-ncov Current Media: https://www.health.gov.au/news/health-alerts/novel-coronavirus-2019-ncov-health-alert/coronavirus-covid-19-news-and-media The information provided surrounding COVID-19 is a selection of information taken from publicly available sources and is current as at the date specified in the information. It does not c