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Dealing with debt during COVID-19

Dealing with debt during COVID-19

20 May, 2020

It is a stressful time for many people in Queensland right now. Here are three articles that may assist you to navigate your way through, including how to deal with debt, accessing your superannuation and how to stay on top of bills:

  1. Dealing with debt during COVID-19: Dealing with debt can feel overwhelming and with the current COVID-19 pandemic, these feelings may only increase. Fortunately, there is help available across a wide range of areas. Read the full article on the QCOSS website.
  2. Accessing your superannuation: It is a stressful time for many people right now, with many Queenslanders facing money problems and concerns about how they are going to make ends meet. People affected by the COVID-19 pandemic may be eligible to access up to $10,000 of their superannuation in 2019-20 and a further $10,000 in 2020-21. However, before deciding to withdraw any of your superannuation, please read this article with recommendations from Moneysmart about other options that may be available to you.
  3. How to stay on top of bills during COVID-19: Budgeting isn't always an easy task. The arrival of unexpected bills or emergency expenses can sometimes throw a curve ball at financial planning. In this Community Door blog, we've taken a look at some simple money management strategies to prevent panic setting in when the unexpected happens.

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