For many Australians, the new year begins with a promise to save more, spend less and regain control of household budgets, but new research suggests that goal is slipping further out of reach for millions, including families across regional and western NSW.

While New Year’s resolutions commonly focus on financial wellbeing, with saving money and reducing debt among the most popular goals each year, around 9.7 million Australians (44 per cent) are starting 2026 already in debt, according to new national research commissioned by the Salvation Army.

The Salvos also say there's a way to regain control and they're here to help anyone who needs it.

The research also found 45 per cent of people feel pressure to spend more than they can afford, highlighting the growing strain many households face as they try to balance everyday costs with social expectations.

As communities across the Western Plains adjust to ongoing cost-of-living pressures, the Salvos are encouraging people to take a practical step early in the year by completing a financial health check as part of Moneycare Week.

Financial stress carried in silence

The Salvation Army says financial stress is often hidden, even among those who appear to be coping.

Its national survey of 2,005 Australians found:

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• • Almost nine in ten people (89 per cent) feel the same or more stressed about their finances than last year

• • 24 per cent find it difficult to create a budget

• • 20 per cent struggle to prepare a tax return

• • 23 per cent never speak to family or friends about their financial situation

• • 32 per cent feel uncomfortable discussing money at all.

The Salvation Army’s free and confidential financial counselling service, Moneycare, is available to support anyone who would like to improve their financial situation or is looking for help with budgeting their money.

Among those starting the year in debt, 52 per cent have credit card debt and 26 per cent are using Buy Now, Pay Later services, compounding financial pressure into 2026.

Kristen Hartnett, Head of Moneycare at the Salvation Army, said the findings show many Australians are carrying heavy financial burdens alone.

“This Moneycare Week, we want people to see the New Year as a chance for a financial reset,” Ms Hartnett said.

“The New Year is the perfect moment to take control of your financial situation, and Moneycare is here to help you do that.

"Financial counselling is free, confidential and incredibly effective, but many people don’t realise it exists.”

One of Australia’s best-kept secrets

Moneycare, the Salvation Army’s free and confidential financial counselling service, has been described as “one of Australia’s best-kept secrets”, despite delivering more than 48,000 sessions of support in the past financial year.

The service helps people manage debt, build realistic budgets, navigate financial stress and plan for long-term stability - at no cost.

One person supported by Moneycare said the service was life-changing.

“The help you've given me has given me a reason to get out of bed and get moving,” they said.

“The financial side of things is no longer in the forefront of my mind and I can't thank you enough for that.”

Ms Hartnett said that outcome reflects why Moneycare exists.

“Whether you need help creating a budget, support getting out of debt, or someone to talk to about realistic money plans, Moneycare is here for you,” she said.

“You are not alone, and there is no shame in reaching out.”

People seeking support can visit this website or call 1800 722 363.