3 Ways to Improve Your Financial Literacy

Updated: Aug 4, 2021

1. Do Your Research

There are some great financial resources online, but it can be hard to know which ones you can trust. Here are some of our top recommendations of resources you can use to guide your research.

Money and Life is a website run by the Financial Planning Association of Australia. It provides easy to read and digest articles on a range of financial topics, and has no subscription fee, so all of their content is free of charge.

Money Smart is another great resource, particularly in the COVID economy because it is government run. The website is run by ASIC (Australian Securities and Investment Commission) and is also free to use. Money Smart is more of a tool for pointing you to other free resources like financial counselling and emergency financial advice. They also have some great articles and tools for everyday financial knowledge.

Financial Capability is another ASIC run sight that features Australia-wide events aimed at educating people about finance. You can sign up to attend them or read the reports on the site. Its a great resource for those wanting to take a more hands-on approach to financial literacy.

2. Make Your Finances a Top Priority

So often money is viewed as a stressor in life, and it can certainly be the case when you forget to prioritise your finances or are going through a rough patch. By focusing extra time and energy on setting financial goals and working towards those goals, you'll feel like your taking charge of your finances instead of them taking charge of you. Take a look at our blog post on setting achievable financial goals to get started!

3. Don't be Afraid to Talk to an Expert

Maybe you don't have the time or energy to worry about your finances or actively work towards your own goals, and that's okay. Another way to still make your finances a priority without expending as much time and energy on them is to talk to an expert; talking to a financial planner or accountant to see where you're at is a great starting point. Hiring them to keep an eye on your finances and goals will hold you accountable and provide you with ongoing guidance. You can book online for a free 60 min financial health check with one of our experts to kick start your finances.

Any further questions? Contact us via email or phone today!