March 2021 Financial Stress Index (FSI) report
March 2021 Financial Stress Index (FSI) report Number of Australians ‘thriving’ bounces back dramatically as Covid nears end, but worst affected still suffering. Australians assessed as ‘thriving’ financially – a group that slid backwards eduring the first six months of the Covid pandemic – have bounced back and are doing even better than before the health […]
Graduates arrive in their careers with financial stress
Graduates arrive in their careers with financial stress. Graduating from University is an exciting and rewarding experience. The prospect of being in the field of your choice and apply those years of learning is one of hope and excitement, however there are elements of fear. Fear of ‘will I be good enough?’, fear of performing […]
Money doesn’t make you happy, but bad debt makes you sick
Money doesn’t make you happy, but bad debt makes you sick. You can’t buy happiness, goes the old saying. We also know that being in poverty decreases happiness, but instinctively we know having lots of money doesn’t guarantee happiness. Research backs up the motherhood statement too. In a landmark study, Daniel Kahneman and Angus Deaton, […]
Financial stress and under-earning
Financial stress and under-earning. When people think about answers to financial stress a lot of energy and attention is paid to our spending. Where does all our money go, we are urged to ask of ourselves and our partners. The implication is clear: if we suffer financial stress we share a flaw – impulsive and sometimes reckless […]
Want to avoid financial stress: ask yourself these questions
Want to avoid financial stress: ask yourself these questions. There’s never been so many options for accessing cash quickly as there are today, and that’s very appealing around this time of year – especially this year, with many more people unemployed as a result of the ‘pandemic induced’ economic disruption. Nobody wants to be in […]
Financial stress is widespread
Financial stress is widespread Money worries are common. They existed before COVID-19 and now with changes in our employment and society, financial stress has become more widespread. The Australian Psychological Society reports that financial stress is one of the major causes of stress in adults, and recently published research on the Financial Stress Index (FSI) […]
Australians distressed and acting aggressively to others
Australians distressed and acting aggressively to others. These are the findings from the latest Financial Mindfulness Financial Stress Index (FSI) report which has tracked financial stress in detail over the last 12 months and captured the impact from the COVID-19 pandemic. An estimated 2.29 million Australians are experiencing levels of financial stress that reduce their […]
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 […]
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 […]