Support
Wesley Mission works tirelessly within the community to help the victims of financial stress, offering counselling and advice to those in not only in financial hardship but also in the associated problems such as relationship stress, depression, homelessness and substance abuse.
However…
Prevention is alway better than cure.
Wesley Mission calls for urgent action on the following policy recommendations to the Government.
- Increased financial literacy in the community
Increasing the education of school-aged children is just a start. We need to make sure that this education is carried through into the community, with promotion of how to access money management tools and resources, and financial literacy initiatives geared to the needs of all people.
- Tighter regulation of the financial sector
The Government needs to impose greater control over the practices of money lenders. It must licence all lending institutions in order to reduce predatory lending practices and unsolicited credit increases that can lead to consumers falling into a spiral of debt. Lenders should be forced to provide easily understandable information about the risks, benefits and charges associated with money lending.
- More funding for financial counselling
Our financial counsellors are already overwhelmed with people in need, even though our research shows only a small minority of people are seeking help. The Government needs to provide more funding for not only financial counsellors but also to train other social service providers on how to advise on financial issues.
- Affordable housing
We ask the Government to begin a campaign to educate people to opt for housing that is, primarily, within their means regardless of traditional notions of home ownership being a goal.
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Learn more about the 2009 Wesley Report
If you need help, take a look at our financial help section for helpful tips on managing your finances
Wesley Mission urgently needs your help!
You can help us provide services to help those in financial stress.
DISCLAIMER: The information provided in this information sheet is of a general nature only, and is not intended to be legal advice. There may be errors or inaccuracies or the information may not be completely up-to-date. Always check the information provided before relying on it. The information relates to consumer law in New South Wales, Australia
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