Are you one of the hundreds of thousands of Australians who are now unemployed – perhaps for the first time?
If you’ve got no money coming in, as well as no savings, life might be looking pretty grim right now.
But there are ways you can improve your financial situation.
The ABC’s Personal Finance team asked two financial counsellors from the independent and free National Debt Helpline about what steps to take next.
Firstly, figure out how to get some money coming in
“A lot of people who are calling have never been in this situation before,” said Deb Shroot, a financial counsellor with Care.
“They’re feeling panic and don’t know what is available and what it means for them.
“The first thing we normally discuss is how they’re going to get access to money.”
While many people try to find new jobs, they might also be eligible for government assistance.