Australia has officially entered a recession, but what does that actually mean for you and how can we best protect ourselves financially during this time?

It’s difficult to stay buoyant in a time so shrouded with fear and uncertainty, especially for Victorians who are in the throes of a new six-week lockdown.

This week the Australian Government deployed draconian measures to ensure social distancing is taken seriously across the nation to help halt the rapid spread of COVID-19, and plans to shield us from the devastating economic blow the contagion has caused were also announced.

Anxiety is peaked across the globe right now, with coronavirus impacting our lives in unprecedented ways. While preserving public health and safety is our first priority, it’s important we address the concerning state of the economy and discuss how you can protect your own financial position.