Contactless payments surge 44% during COVID-19
Credit card giant Mastercard reported a major shift in consumer behaviour that has seen 44% of Aussies decrease their use of cash when making purchases in-person since the outbreak of the coronavirus pandemic, as shoppers fear germs on cash. The research found that more than half (52%) of Aussies are more aware of the dirtiness of […]
Perfect storm of credit card debt brewing for Australians during COVID-19
Perfect storm of credit card debt brewing for Australians during COVID-19. Rapidly falling incomes, a move to card-only payments and a complete avoidance of cash is creating a “perfect storm” for Australians to find themselves in deep financial ruin. Andrew Fleming, CEO of financial stress busting app Financial Mindfullness, says many Australians are unaware of […]
Stressed about your finances or your mortgage
Stressed about your finances or your mortgage. Financial Mindfulness was covered in Yahoo Finance If you’re experiencing financial stress, you’re dealing with two distinct issues: the money problems, and then the stress itself. While Headspace has rolled out meditations specifically to help tackle financial stress, a new app has gone one step further to try and […]
Power of Mindfulness over bad financial decision making
Power of Mindfulness over bad financial decision making. If you’ve ever persisted with a dead-end job or loveless relationship or a university degree you regret starting in the hope it will somehow improve, or ‘chased your losses’ by doubling down, you might want to pay attention. Maybe you’ve endured reading a novel you hated from the […]
Shop till you Drop
Shop till you Drop. We are still on holidays, right? Well the majority of us are enjoying the holidays somewhere with our family and friends. The hangover from Christmas and New Year is all but over, but one hangover that hasn’t left us is our credit card bill from Christmas and the so-called holiday ‘sales’, […]
Financial stress behind mental health insurance claim spikes
Financial stress behind mental health insurance claim spikes. New research reveals that financial stress is a hidden mental health trigger for Australians to submit insurance claims, part of a trend alarming the life insurance industry. The financial stress burden faced by Australians is, according to analysis by Rice Warner, a major factor in the escalating […]
Financial stress devastating Australians
Financial stress devastating Australians, close to 1 in 3 Australians suffer from significant financial stress, which has for the first time been comprehensively examined in new research by CoreData. The results show financial stress leads to anti-social behaviour, relationship conflict and breakdown, isolation, sleep loss and symptoms of depression. Most of us are aware of […]
Financial stress is widespread for Australians
Financial stress is widespread for Australians. Financial Mindfulness released its latest Financial Stress Survey and the results showed just how much damage financial stress is causing. The Sydney Morning Herald covered the story. Nearly one in three Australians is feeling financially stressed, with damaging effects on mental and physical health and social relationships. The CoreData/Financial […]
Financial stress: 9 out of 10 suffering
Financial stress: 9 out of 10 suffering. We asked you, our Financial Mindfulness Facebook family – across Australia, the United States and the United Kingdom – to take part in a survey about financial stress in your life. The results are in. Financial stress, which comes with a strong set of beliefs, is a huge […]
Mindfulness practice reduces time off work for anxiety sufferers
Mindfulness practice reduces time off work for anxiety sufferers. Working with someone who is extremely anxious isn’t always fun, but it’s worth remembering stress hits everyone, including us. Anxiety disorders are by some measures the most common mental health issues in the western world, even more common than depression. Previously research has shown sufferers of […]