FIFO Money: Four Tips to Reduce Financial Stress

By Lacey Filipich, BEng(Hons), MAICD

There aren’t many industries in which you can make a pile of cash without formal qualifications, but mining is definitely one. The lure of a six-figure salary is often enough to overcome our hesitation at being away from our families for extended periods, sometimes for several weeks at a time.

Yet somehow, with all the extra income, some people who work fly-in-fly-out (FIFO) in the mining industry STILL have financial problems – just ask them! There’s not a crib room I’ve visited that didn’t contain someone complaining about their financial situation. So, if you’re a FIFO worker, how can you avoid the typical financial pitfalls we find in this workgroup? Here are four ideas you may find helpful…

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