Rise High Financial Solutions

header logo of Rise High - Award-winning mortgage Brokerage Adelaide

(08) 7131 1149

What to do if your Income is Reduced – Covid-19

Having reduced income puts a lot of strain on the family finances. Therefore, we’re here to provide you with some tips on how to get through this period. With our tips, you will come out the other end without having a financial hangover.
Share this article with friends and family:
Facebook
Twitter
LinkedIn
Email
WhatsApp

What to do if your Income is Reduced – Covid-19

Having reduced income puts a lot of strain on the family finances. Therefore, we’re here to provide you with some tips on how to get through this period. With our tips, you will come out the other end without having a financial hangover.
Share this article with friends and family:
Facebook
Twitter
LinkedIn
Email
WhatsApp

Keep reading

Many have found that their working hours have been reduced as a result of Covid-19.  As a result,  their income has also reduced. However, this does not necessarily mean that you meet the Governments eligibility criteria to receive relief benefits.

During these times, it is important to build a cash buffer. So if your income has been reduced, consider;

  • Applying to the Government to have the amount of tax withheld from your pay reduced, meaning you will have more cash in your pocket now, and
  • Reviewing your spending, reducing costs and preparing a budget.

For other helpful tips to get you through this period and come out the other end without having a financial hangover, read this blog.

Regardless of your situation, we are here to help you. Let’s work together to create a plan to help you and your family through this challenging time!   

Our Covid-19 blog is full of more useful information and additional resources, so please make sure you click here to check it out!

If you want to know more about your options please leave your details below and we will be in touch.

Our suggestions for you:

Saving money at the Adelaide show

For our September Facebook Live segment, Marissa Schulze and Richard O’Grady were at the Adelaide Show talking about how to save money at the show.

6 Tips to Maintain your Borrowing Capacity

With Interest Rates Rising higher and higher, it is important for YOU to focus on what you CAN control, to maintain your borrowing capacity, and make sure your finances are in order. Tune in to discover our top tips to maintain and potentially even increase your borrowing capacity!

How to Prepare for Rising Interest Rates

Interest rates are on the way up and will most likely impact your existing mortgage repayments and current ability to get a loan. Join our team of experts to discover our best tips and strategies, and prepare for the upcoming rising interest rates!