‘Money Ready Toolkit’ buffers money against summer storms

Car Water Damage. Concepts of Auto Flood Insurance.

A new toolkit aims to help Queenslanders get back on their feet financially if they are affected by this year’s storm season.

Produced by Good Shepherd Microfinance with the support of the Queensland Government, the Money Ready Toolkit aims to increase Queenslanders’ financial knowledge and resilience.

Minister for Communities, Women and Youth, Shannon Fentiman, launched the Money Ready Toolkit today.

“At this time of year, we hear a lot about how to get our properties ready for storm and bushfire season,” Ms Fentiman said.

“But when it comes to our finances, most of us are completely unprepared for an emergency.

“The Money Ready Toolkit outlines what Queenslanders need to think about before, during and after a disaster to ensure they – and our communities – bounce back more quickly.”

General Manager of Marketing and Innovation at Good Shepherd Microfinance, Renee Hancock, said many of us were unaware of the steps we should take to ensure our financial wellbeing in the face of disaster.

“We know that 13 percent of the Australian population would be unable to raise $2,000 for an emergency and one in 10 Queenslanders don’t think their insurance would cover the cost of rebuilding their home,” Ms Hancock said.

“Another one in 10 has no home insurance at all. If their homes were wiped out by a cyclone or bushfire, these people would be thousands of dollars out of pocket.”

She said the toolkit made it simple to check the health of your finances.

“Even if you’re on a limited income, there are ways to improve your financial health and make sure you’re ready for whatever comes your way,” Ms Hancock said.

“A few simple changes can make all the difference.”

ENDS

Am image of a weatherboard house with flood waters reaching halfway up the wall

About Good Shepherd Microfinance

Good Shepherd Microfinance is a world leader in financial inclusion products, services and advisory. We offer a range of people-centred, affordable financial programs for people on low incomes, working with 250 community providers in 670 locations across Australia including 115 sites in Queensland.

Good Shepherd Microfinance is committed to working with the community, government and business sectors to develop innovative solutions to address the issues of financial exclusion.

Good Shepherd Microfinance’s No Interest Loan Scheme, offers people on low incomes safe, fair and affordable loans for fridges, washing machines and furniture, as well as education and medical expenses.

Contacts

Good Shepherd Microfinance – Renee Hancock on 0417 055 299 or Dan Simpson on 0409 138 471

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