Financially, times are pretty tough — and they're not expected to get better any time soon. So, with millions of Australians feeling the pinch, how can we prepare for any financially tough times ahead? We asked three experts.
"Where people can access fruit and other other vouchers to meet those basic needs," she says.It'd be great if everyone could click their fingers and have a healthy savings account."While it's easy to say 'have a savings buffer ideally for three to six months of expenses', we know that is not always realistic," Dr Johnson says.
It might seem like a luxury for many, but having a savings buffer of three months worth of living expenses can be a great help. "You will definitely fare much better, because you don't know when these times are going to happen," she says.