It can take just one run of bad luck to throw an entire family into financial disarray.

Nobody knows this more than Melissa Drysdale, a woman whose family was faced with losing their home back in 2011 when her husband suffered a back injury that left him unable to work at a time when she was also not working.

“All of his overtime was paid in cash so we weren’t getting overtime payments anymore. It all just disappeared,” Melissa toldMamamia.

“His wage was also reduced to a Work Cover rate, which is only 80 per cent of what it normally is. So that was quite a dramatic decrease for us.

“At the time, we had my stepdaughter and we were looking at wanting to start a family and also thinking that it was probably not going to happen with the way things were.”

The couple started to get behind in their bills and payments, having to juggle and prioritise the most pressing ones just to get by.

prevent us from having to go bankrupt.”

Melissa said her family looked like they were out of all options when it came to getting help with their finances. Towards the end of 2011, a friend recommended they try the money management service MyBudget to help get them back on track. It was a decision that turned their lives around.

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Melissa said that at the time, her family were close to $50,000 in debt and unable to see a way out.

Their predicament isn’t unusual. According to a MyBudget survey of more than 1000 people, it was found that 80 percent of women think life is more stressful today compared to 20 years ago, and that only 16 percent of women have ‘other investments’ such as shares to draw on.

MyBudget also noted that in the 20 years since they were founded, the average Australian mortgage has jumped from around 9 percent of total income to around 30 percent.

So it’s no surprise that the survey respondents named mortgage repayments and ongoing bills their “most stressful commitments”, followed by daily living expenses, rent and credit cards.

In Melissa’s situation, relieving the financial stress of her commitments was top of mind.

One of MyBudget’s first action points for her was to negotiate realistic payment plans for the family.

“The biggest thing they were able to do was to help us negotiate with companies we owed money to,” Melissa said. “We had approached, just for an example, our electricity company and they were really horrible to us. But then MyBudget got them to accept $20 a month as a payment plan.

“Thanks to the payment plans we had with our bills and the budget we lived on, we were able to buy a house closer to my husband’s new job.”

“Then, two and a half years ago, we sold both houses and bought a property up in Victoria with just over an acre and a quarter of land with a big swimming pool. It’s a five-bedroom house and we’ve got a double story unit out the back that my parents live in so I can help look after them.”

Melissa, who is now a mother to a six-year-old boy, said she is actively able to keep across her MyBudget portfolio via their website and app so that if there are ever changes to their budget plans or bills she can easily keep across it.

“It’s awesome and if it was not for MyBudget we wouldn’t have this,” she added.

For expert money advice and more information on what MyBudget can do for your family, visit mybudget.com.au.