Financial mindfulness
Financial mindfulness. The term mindfulness is used a lot in relation to meditation and psychological therapies to describe being aware and paying attention. But what is financial mindfulness? Financial mindfulness is simply described as having awareness and paying attention to your finances and financial behaviours. It means more than being money smart or financially savvy, as […]
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 […]
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 […]