RAINY DAY FUND PROVIDES A VITAL BUFFER
Personal finance was one of the last things people thought about when Covid struck. Now money is their number one worry, outstripping fears about the virus. The pandemic spurred 77% of Australians to be more vigilant about their spending and 54% to save more, according a survey by ME Bank.
They worry about their job security and want to protect their families, too. “I just didn’t know what was going to happen when Covid hit,” says Hayley Freier, who lives in Toowoomba in south-east Queensland.
Like many people, 39-year-old Freier agonised about her future and whether her job in the agricultural sector would be affected by the border closures. She focused on saving plus salary sacrificing into super as well as investing in broad-based exchange traded
