As you are getting more independent financially, you may realise that there may be challenges when navigating through your income and expenses. Below are some resources relating to financial issues that you may experience during your time as a student.
If you are in debt, and feel that it is worrying you, the most important thing to do is begin addressing it. There are a number of steps you can take to address debt and regain control, and there are a number of free services available that can help. You should be highly cautious of debt assistance that charges upfront fees or receives commission.
Firstly, you should speak with a professional, who's job is to look after your best interests. The National Debt Helpline offers free and confidential advice from professional financial counsellors. You can contact them on 1800 007 007. The hotline is open from 9.30 am to 4.30 pm, Monday to Friday.
You can also see the National Debt Helpline's website for a number of step-by-step guides for managing a number of common debt problems.
Care Inc (02 6257 1788) is a Canberra organisation offering free, confidential, professional financial counselling. They can assist with credit, debt, budgeting, gambling harm, consumer law issues, or seeking a microfinance loan.
See the ACCC's 'Where to get help when you're in debt' and Moneysmart's Managing debt pages for further impartial information and advice.
The Australian Government's Moneysmart website provides valuable resources on the following:
- Checking your credit score
- Managing debts
- Understanding loan scams and loan sharks
- List of companies you should not deal with
If you are struggling with debt and are looking for assistance, you can contact the following:
Call the free National Debt Hotline on 1800 007 007 for assistance and to speak to a financial counsellor, or see their webpage here.
ANU Thrive can help talk through the options available to you and provide resources and information.
Need Help - financial assistance and budgeting
If you are looking for budgeting advice and/or financial assistance, please refer to budgeting an financial awareness page.