A financial wellbeing
After getting married, Bangladeshi woman Fatima immigrated to Australia. She had no prior financial management expertise because the family’s finances were managed by her father and later by her husband. After her husband passed away, Fatima found herself unexpectedly in charge of taking care of herself and her son’s financial needs.
Fatima struggled to balance her finances and make ends meet; despite working long hours for a meagre wage, she was still unable to pay her bills or put food on the table. But she was determined to become financially independent, so she asked friends and local nonprofits for support.
Fatima participated in financial literacy programmes run by ALO to learn how to set up a budget, save money, and make investments in the futures of her and her kid.
Over time, Fatima became more assured in her financial judgements. She changed her spending patterns by reducing frivolous expenditure and looking for ways to increase her income. The tale of Fatima shows that anyone can overcome financial challenges, even in a strange and new environment, with willpower and knowledge.