New year prompts financial reset for many Moreton Bay households

As the new year gets underway, many households across the City of Moreton Bay are taking stock after the cost pressures of Christmas, with new figures showing a significant number of Australians are starting the year under financial strain.

According to recent research from The Salvation Army’s Moneycare service, 44% of Australians are beginning the year in debt, while 45% feel pressure to spend more than they can afford. Nearly one in four Australians say they struggle to even create a basic budget.

The figures come as locals reassess household finances following the festive season, school holiday spending and rising everyday costs.

A fresh start for finances in 2026

The Salvation Army’s Moneycare service is encouraging people to use the start of the year as an opportunity to check in on their financial situation, particularly before stress builds later in the year.

Moneycare provides free and confidential financial counselling, helping people with budgeting, managing debt, negotiating with creditors and creating realistic money plans.

Kristen Hartnett, Head of Moneycare for The Salvation Army, said many people don’t realise support is available until they reach crisis point.

“Regardless of your financial situation, there is no better time than the start of a new year to take a fresh look at your finances and get on top of your financial situation,” Ms Hartnett said.

“If you are struggling to cope financially, please reach out. We are here for you, and there is no shame in asking for support.”

Support available close to home

Moneycare assists thousands of Australians each year and is available to individuals, families and households experiencing financial stress, whether short-term or ongoing.

Support can include:

• Creating or reviewing a household budget

• Developing a plan to reduce debt

• Help negotiating with lenders or service providers

• Guidance during major life changes or financial shocks

The service is available nationwide and can be accessed by phone or online.

Residents seeking support, or wanting to learn more, can visit salvationarmy.org.au/moneycare or call 1800 722 363.