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Five steps to managing debt in a cost-of-living crisis

Andrew Hobbs

As the cost-of-living crisis bites, the number of people seeking help with business and individual debts is soaring.

In March alone, calls to the National Debt Helpline’s small business advice number jumped to 570, that’s 49 per cent more than March last year and 18 per cent more than February 2025.

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Andrew Hobbs covers self-managed superannuation funds (SMSFs), financial planning, retirement, inheritance, tax, personal finance and, sometimes, the Perth Bears. He has been a financial journalist for 30 years, previously at Bloomberg and AAP.

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    Original URL: https://www.afr.com/wealth/personal-finance/five-steps-to-managing-debt-in-a-cost-of-living-crisis-20250422-p5ltgx