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summary


It’s clear that the cost of living crisis in which we currently find ourselves will affect everyone, regardless of their profession or background. Whatever they might otherwise assume, those in the accountancy sector are not immune to financial challenges we’re all facing.

Already, we’re seeing this in action, with our research highlighting the troubling impact on careers, finances and even mental health of the people in our community. These issues won’t simply go away if we bury our heads in the sand. We need to share our concerns and seek out organisations that can provide help. For employers, our sector is made up of talented, dedicated people, who are committed to doing the best they can for their clients or their business. It’s imperative that workplaces are safe environments in which they can open up about their own difficulties, without fear of judgement or their career suffering as a result.

There’s no knowing how long we will be battling this crisis. But for our chartered accountant community and their family members, we are ready to provide support. In response to our research and findings, we brought together a panel of experts to offer tips and guidance to anyone looking for help with their financial worries, mental health and wellbeing, debt management and career concerns. Watch the video below, or alternatively feel free any time to give us a call. We are here for you.

contents

last chapter

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chapter 6

the role of the business

Now more than ever, employers should be considering financial health as part of their benefits packages - read this chapter to find out how.

current chapter

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summary

by Dr Cristian Holmes

We’re facing a period of uncertainty, but caba is here for the everyday and the exceptional.

go back to the start

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cost of living crisis

welcome

caba have pulled together a panel of experts to share their advice on navigating through the cost of living crisis.

want to read a different chapter?

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cost of living crisis

introduction

caba’s CEO, Dr Cristian Holmes, sets the scene for the report and explains why the cost of living crisis is an issue the accountancy profession needs to focus on. Tooba, a chartered accountant, also reminds us why it’s good to seek help when we need it.

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chapter 1 

the research

Accountants are already making changes to reduce their expenses, but many are still worried about the winter ahead. Read more of the facts and figures in this chapter.

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chapter 2 

debt advice from Paul Day

caba’s expert debt adviser Paul outlines why we shouldn’t be embarrassed when facing financial issues and shares his recommendations on tackling problem debt.

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chapter 3

mental health advice from Kirsty Lilley

Mental health trainer Kirsty explains why changes in our financial circumstances impact our mental health and outlines how we can prepare to manage this period where so much is out of our control.

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chapter 4

health and wellbeing advice from Mark Pearce

In this chapter, Mark normalises the idea of debt and explains how tackling hard conversations can help ease the pressure.

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chapter 5

first-hand advice from Tooba Siddiqui

Amid stress, burnout and now added financial pressures, Tooba shares her view of the pressures facing working accountants.