Becoming Money Smart
Results from a recent survey on financial literacy in Australia revealed that one in every three people find dealing with money stressful, even when things are going well.
If this sounds a little like you, you’re not alone. Financial matters can sometimes seem overwhelming and it may be difficult to know where to begin.
The key to overcoming this stress is to boost your financial IQ so you can make informed judgements and effective decisions regarding the use and management of your money.
A great place to start is by visiting the MoneySmart website (www.moneysmart.gov.au). Run by the Australian Securities and Investments Commission (ASIC), the MoneySmart website offers free, independent information to help everyday Australians make smart choices about their personal finances.
The website provides tips on managing and investing money, borrowing and saving, superannuation and retirement; plus the latest consumer finance news and scams to avoid. There are also handy calculators
to check your financial health status and forecast your financial position based on a variety of scenarios.
Taking control of your finances doesn’t mean you have to go at it alone though. As your financial adviser, we can provide you with guidance to help you set your financial goals and reach them sooner. This may involve providing advice on how to:
- Manage debt
- Create a savings plan
- Invest for wealth
- Achieve tax savings
- Make the most of your super, and
- Plan for your retirement.
Why not take the next step in your financial health by speaking to us so we can help you further.
Source | IOOF
