Invest
Burgeoning bills stress out Aussies
The Christmas hangover is tipped to continue, with burgeoning bills, debts and back-to-school expenses putting pressure on Australians.
Burgeoning bills stress out Aussies
The Christmas hangover is tipped to continue, with burgeoning bills, debts and back-to-school expenses putting pressure on Australians.
According to survey results released by Finder, 70 per cent of Australians are experiencing increased stress just three weeks into the year.
Bessie Hassan, money expert at Finder, said January is a pricey time of year for most Aussies.
“The post-festive dust has barely settled before we’re hit with yet another onslaught of expenses.”
“Back-to-school costs are unavoidable for parents, and they can really hurt the hip pocket.”
“Not only do you have to fork out for uniforms, bags, stationery and books, you also have to contend with ongoing costs like transport and school lunches,” Ms Hassan said.
Almost one in four has been unsettled by annual bills like their car registration or home insurance policy, while 13 per cent are stressed about back-to-school expenses.
The research found that Aussies are also stressed by post-festive debt (20 per cent), the cost of keeping kids entertained (12 per cent) and trying to keep their New Year’s resolutions (12 per cent).
Ms Hassan said that it’s important Aussies are proactive about dealing with financial stress.
“Audit your statement, switch to a cheaper financial product or consider a balance transfer credit card to consolidate your debt.”
“It can also be worth opening a back-to-school savings account and gradually adding to it over the coming year. This can take some of the financial strain out of next year,” Hassan explained.
About the author
About the author
Spending
Aussie households spent $368 a week on transport after petrol price surge
Fuel costs have increased by 40 per cent over the past year, a new report from the Australian Automobile Association has revealed. ...Read more
Spending
Voters say reducing the cost of living should be the government’s top priority
Aussies have ranked high cost of living as the top issue that needs to be addressed by the next government. ...Read more
Spending
Bodies back Labor’s commitment to stronger BNPL regulation
All parties should commit to stronger regulations for the BNPL sector, according to Financial Counselling Australia. ...Read more
Spending
Household spending surges led by retail and recreation
Spending on retail, recreation and hospitality have continued to climb as COVID-19 case numbers and restrictions have eased. ...Read more
Spending
Banks extend financial assistance to flood-affected customers
A range of assistance is available from major banks to those impacted by flooding in NSW and Queensland. ...Read more
Spending
Sydney ranks among top data centre markets in the world
Sydney ranked eighth globally and clinched the third spot in the Asia-Pacific data centre market as the industry continues to expand at a breakneck speed. ...Read more
Spending
The trends driving consumer change in 2022
Global research has provided insight into the top consumer trends for the 2022 calendar year. ...Read more
Spending
Household spending takes a hit after strong December
Strong spending over the Christmas shopping period in December has been followed by a weaker January. ...Read more
Wrapping up an eventful 2021
Listen now
What Omicron means for property, and are units right for first-time buyers? What is equity crowdfunding? Are industry super funds tapping into member funds to save their skins?
Listen now
Will housing affordability improve in 2022? Will buy now, pay later become the norm? Why are Aussies staying in failing super products?
Listen now
Who really benefits from crypto ETFs? How will the RBA respond to rising inflation? Could a mandate help address unpaid super?
Listen now
Spending
Aussie households spent $368 a week on transport after petrol price surge
Fuel costs have increased by 40 per cent over the past year, a new report from the Australian Automobile Association has revealed. ...Read more
Spending
Voters say reducing the cost of living should be the government’s top priority
Aussies have ranked high cost of living as the top issue that needs to be addressed by the next government. ...Read more
Spending
Bodies back Labor’s commitment to stronger BNPL regulation
All parties should commit to stronger regulations for the BNPL sector, according to Financial Counselling Australia. ...Read more
Spending
Household spending surges led by retail and recreation
Spending on retail, recreation and hospitality have continued to climb as COVID-19 case numbers and restrictions have eased. ...Read more
Spending
Banks extend financial assistance to flood-affected customers
A range of assistance is available from major banks to those impacted by flooding in NSW and Queensland. ...Read more
Spending
Sydney ranks among top data centre markets in the world
Sydney ranked eighth globally and clinched the third spot in the Asia-Pacific data centre market as the industry continues to expand at a breakneck speed. ...Read more
Spending
The trends driving consumer change in 2022
Global research has provided insight into the top consumer trends for the 2022 calendar year. ...Read more
Spending
Household spending takes a hit after strong December
Strong spending over the Christmas shopping period in December has been followed by a weaker January. ...Read more
More articles
Website Notifications
Get notifications in real-time for staying up to date with content that matters to you.
