WE’VE gained valuable insights from last week’s Federal Budget.
While some expectations were unmet, such as the desired increase to JobSeeker payments, the unexpected budget surplus of $4 billion highlights the unpredictability of Budget announcements.
It’s worth noting that relying solely on the government to address our daily challenges is not the most effective approach.
This isn’t about playing politics or absolving any future government of its responsibilities towards delivering essential services and supporting the most vulnerable.
Instead, the point is that each of us possesses the personal power to initiate positive change through small, regular actions.
Top actions:
Prepare a Budget:
Begin by gaining a clear understanding of your income and expenses. A budget helps you make informed decisions, prioritise spending, and identify areas where you can save.
Pay Down Debt:
Take control of your financial future by actively reducing debt. Line up your debts from smallest to largest and attack the smallest first.
Then move onto to next and build momentum. Avoid Taking on New Debt:
Whenever possible, avoid unnecessary debt. Differentiate between needs and wants and evaluate if a purchase is worth the long-term financial burden it may create.
Seek Community Support:
In times of need, reach out to local community organisations, including food banks and other support services.
Communicate with Your Lender:
If you experience financial hardship, don’t hesitate to contact your lender.
Engage in Low-Cost or Free Activities:
Look for affordable or free activities in your community for entertainment and personal growth.
Engaging in such events can provide fulfillment without straining your budget.
Volunteer and Support Others:
Maintaining a connection with your community through volunteering not only provides a sense of purpose but also fosters relationships and support networks that can be invaluable in times of need.
Upskill for Better Career Opportunities: Seek out opportunities to enhance your skills and knowledge in your current field or explore new areas of interest.
Continuous learning can open doors to better-paying career options.
Small, consistent actions add up to progress.
