Kickstart 2025 with a financial reset
Decided that this year is the year you'll build a healthier relationship with money?
Getting on top of your finances is one of the most common new year's resolutions. And while more than half (52%) of Australians will set a financial goal for 2025, only about 1 in 8 (12%) will stick to it.
You don’t have to overhaul your life to achieve your financial goals. Even small changes can make a big difference over time.
Money saving tips
· You may be spending too much on streaming services. If you haven’t used a streaming service in months, it’s time to hit that unsubscribe button. Doing a budget can help you identify other expenses you might want to cut back on.
· Automate your savings to build an emergency fund. Set up a recurring transfer to your savings account – even $1 or $2 a day, if you can afford it, can help over time to set aside money for unexpected expenses that may come up.
· Your super is your income in retirement. Take five minutes when your next super statement arrives to review your balance, fees, and investment options. You can check MoneySmart’s handy guide on how to review your super is here to help.
· If you got into debt over the holiday period, make a plan to pay it off. It'll feel great to have it behind you.
Visit Moneysmart.gov.au for more simple, actionable tips you can take.