A father in Australia is forced to rent out his bedroom due to the high cost of living.

Steve Whittington, a hardworking father from Australia, recently opened up about the struggles he faces as the cost-of-living crisis continues to escalate. Despite having a full-time job, he has been forced to rent out a bedroom in his house to make ends meet. In an interview with Today, he shared that he is constantly trying to find ways to keep his bills down, especially with interest rates remaining high.

The Reserve Bank of Australia made an announcement yesterday that they would not be changing interest rates, but there is a possibility of a hike in the future. This news has left Whittington feeling disappointed and somewhat numb, as he believes that the RBA is not willing to take any risks. He mentioned that the interest rate has remained unchanged since November 2023, and he has lost hope of it ever decreasing.

To cut down on expenses, Whittington has resorted to renting out his spare bedroom through Airbnb. This has brought in an extra $800 a month, which has been helpful in easing his financial burden. However, he admitted that this solution is not without its challenges, as it does cause some disruption to his family's routine. But, it allows him to avoid renting out his bedroom when his children are staying with him.

In a recent incident, Whittington's financial struggles were highlighted when his card was declined at the Aldi checkout for a $46 grocery purchase. He shared that it was an embarrassing moment for him as a full-time professional in a well-paying job. He explained that even with the extra income from renting out his spare room, he still faces difficulties in managing his expenses.

Despite the challenges he faces, Whittington remains hopeful that things will improve. He believes that although renting out his bedroom is not an ideal situation, it does make a difference in his financial stability. He also hopes that the government will take necessary steps to address the rising cost of living in Australia, as it is becoming increasingly difficult for working professionals like himself to make ends meet.

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