With many people being stood down from their place of employment, or switching to JobSeeker or JobKeeper payments, the hurdles to access a home load or other form of financial lending are often exacerbated.

Wagga financial advisor Andrew Bowcher said banks and lenders have been considerate of the tough times, but shared his tips and trick on how to look more appealing when attempting to borrow funds.

"What we are generally seeing is that banks have been very, very supportive and are assisting businesses and individuals who are impacted by COVID-19, and in Wagga particularly, we are seeing banks and landlords being very accommodating to needs," he said.

"However in saying that, there is a significant trend of people now being underemployed, a lot of younger people with casual jobs were first to go and so their income is naturally reduced, and logically, that impacts their ability to get a loan."

Mr Bowcher, who leads RSM's reconstruction and recovery division of finance, said there were ways to overcome the challenges, though.

"For individuals, it makes sense that the first thing to do is organise a budget and review your expenditure," he said.

"These days, it's so easy for people to have a bunch of small monthly payments for things like Netflix, Spotify, Stan, even gym memberships and such, and they may not seem like much on that month to month basis but it adds up to quite a sizable amount.

"So you might want to ask yourself if you really need all of those subscriptions."

Afterpay was a real killer of a sturdy budget, too.

"Afterpay is another one of those services that can trick you into thinking something is cheaper than it is, but there are other small changes you can make to help save too," Mr Bowcher said.

"Do you really need an Uber, or can you walk home? Do you need that much takeaway, or can you cook for yourself?

"It's not to say you can't have a life, but it's about being mindful that those things do add up."

Having a clear goal or aim to work towards was also helpful, according to Mr Bowcher.

"If you want to demonstrate that you can pay back a loan, work out how much repayments may be and look at how you can demonstrate that those surplus funds are available to be able to pay the loan off," he said.

The finance expert also warned that credit cards presented their own set of risks.

"The more you apply for a credit card, the more it is reported so the more times a financier will see how many cards you've applied for and that can impact your credit rating," he said.

"I know particularly more recently, people are signing up for credit cards purely for the points offered with them, but it doesn't really matter how or if you pay them off well, it will still raise questions in a finance check."

In the end, the message was simple.

"Just think before you spend, and be aware of the bigger picture," Mr Bowcher said.