Optimising wellbeing during financial hardship.

Optimising wellbeing during financial hardship.

With inflation set to peak at 7.75% and interest rates, fuel prices, energy prices and the cost of consumables on the rise, it is no surprise that people's Financial Wellbeing has been compromised. This webinar will provide you with insight into the challenges that people are facing and provide you with strategies to better manage your wellbeing in light of the current economic climate.

According to the Commonwealth Bank of Australia and Melbourne Institute Financial Wellbeing Scales Technical Report, 25% of people surveyed do not enjoy life because of the way they are managing their money, and say they are struggling with money management (23%) and their lives are often or always controlled by their finances (29%). About 33% of respondents have low financial resilience, with 37% stating that they couldn’t handle a major unexpected expense. 33% say they are not on track to secure their financial future or provide for future needs. 

If you’re feeling the ‘pinch’ here in Australia or New Zealand, you are not alone. With inflation set to peak at 7.75% in Australia and already at 7.3% in New Zealand, fuel prices, energy prices and the cost of consumables on the rise, it’s understandable that people's Financial Wellbeing has been compromised, having widespread consequences on the livelihood of so many Australians.  

This webinar will provide you with insight into the challenges that we are facing and help you to manage your mental and emotional response to these concerns. 

We will also offer several strategies to help you to better manage the stress of financial hardship: 

Positive attitude 
Control the controllables 
Goal setting and adjusting priorities 

We cannot change the economic environment, but we can choose to manage our emotions and optimise our wellbeing through these trying times.  

Join us on Tuesday 30th August at 12:00pm for another insightful workshop by Drake WorkWise, facilitated by our Head of Clinical Services Kevin Vowles. Feel free to invite your colleagues, friends and family members along. The workshop will not only offer guidance and support through these trying times, but provide an opportunity to ask questions and learn from those around you. Sign up via the button below.