Launch of COVIDmoney.info website and weekly email
During the COVID-19 crisis, many Australians are facing a sudden big drop in their incomes. The future is uncertain and people are very anxious.
Many people have an urgent need for advice on how to adapt their finances to cope with the new reality. Most working households have less than six weeks savings in income.
Covidmoney have quickly created a COVIDmoney.info website and a weekly email to give advice and encouragement on household money management for this particular group. See further details below.
Budgeting: Completing an income and expenditure statement will help you see what money is coming in and what is going out. Here are some tips to get you started.
Budgeting Apps: Money managing apps are a great tool to help home budget planning after you have worked out your income and expenses. You can set how much you want to spend for each expense (e.g. $300 on food, $100 on petrol). When you spend money, it lets you know how much you have left to spend. The following apps do not have in-app purchases. We do not endorse or have affiliation with any of these apps:
Keeps track of all your daily spending and shows a daily left-to-spend amount.
Keeping track of personal expenses on the go.
- Your Money & Financial Wellbeing
Money and Financial Wellbeing booklet developed by Ishar in various languages.
- Budgeting for Life
Budgeting resources, including a “Spending Diary”.
- Your Money Your Choice
Managing your money well takes practice and patience. This booklet will help you get started.
- My Money Book
A money plan to help your overall financial situation by Sussex Street Community Law Centre
- Debt Got You Down?
A guide to helping your change your contract to repayments you can manage.
Food Saving Tips:
- Look for seasonal recipes
- Avoid recipes that need a special ingredient
- Buy in bulk and freeze
- Menu plan
- Look for specials for products you will use frequently that have a long lifespan (e.g. toothpaste)
- Make big batches of whatever you cook and portion out the leftovers to fridge or freeze for later
- Shop based on what groceries are on sale (beware you don’t buy just because it is on special and then not use it)
- Designate one night of the week for using up leftovers and food in your fridge
- Look for cost effective recipes, e.g.:
Note: we do not endorse, nor are affiliated with these websites.
It is also worthwhile checking for recipes through social media.