top of page

Few Save and Even Less Invest

New research from Perpetual has revealed that only 11% of Australians are investing regularly and 27% have a savings goal. According to a recent report by Perpetual, 57% of Australians believe their finances are stopping them from pursuing their plans for the future, with 34% saying they constantly think about their financial situation. The research titled What do you care about?, which surveyed 3,000 Australians, found that Australians list their financial situation as one of the top three things they care about in life, next to family and personal health. As a result, 57% indicated they checked their account balances frequently, while 46% avoided making unnecessary purchases, and 45% sought out discounts when shopping.

However, despite this concern, only 27% of those surveyed were found to have established goals for their savings, and just 11% had a regular investment plan.

We say that everyone must allocate time to create a plan for their finances in order to achieve their goals. Having a resolution around your finances and a plan with actionable steps is critical to financial success. Consider your “income and expenses over the long term, the value of what you want and how much time and wealth you are willing to commit to those things.

It is important that you take stock of the cost of your goals in order to establish investment strategies that will provide them with the level of returns needed.

It is beneficial to evaluate your goals around important questions such as: How much will it cost to live? What level of education do you want to provide your kids? Do I want to protect my health by purchasing private health insurance? These are items requiring significant investment. So, thinking about goals early is important. Planning how much you will need to accumulate to realise them is going to give you a tremendous amount of financial peace of mind.

Here are our tips for organising their financial situation:

  • List and value all your assets;

  • Compose a budget and monitor your expenses;

  • Determine your key life goals and understand the costs;

  • Top up your superannuation with additional contributions;

  • Write down your debts, including your mortgage, credit cards, loans etc;

  • Put any additional or unexpected funds you come by into paying down your debts;

  • Meet with us to create an investment strategy;

  • Consider estate planning and allocate beneficiaries on your super and insurance policies; and

  • If retirement is on the horizon seek advice immediately.


This information is current as at 18/02/19 This article has been prepared by Heart1Stop, a social media brand owned by Heart Mortgage Services and Heart Financial Advisers. The information contained in this article is an overview or summary only and it should not be considered a comprehensive statement on any matter nor relied upon as such. The views expressed here are not those of Heart1stop, Heart Mortgage Services, Heart Financial Advisers, shareholders, directors or staff and associated contractors and business associates. This article has been prepared without taking into account any person’s objectives, financial situation or needs. Because of this, you should, before acting on any information contained in this article, consider its appropriateness, having regard to your objectives, financial situation or needs. Any taxation information contained in this article is a general statement and should only be used as a guide. It does not constitute taxation advice and is based on current laws and their interpretation. Each individual’s situation may differ, and you should seek independent professional taxation advice on any taxation matters. While the information contained in this article may contain or be based on information obtained from sources believed to be reliable, it may not have been independently verified. Where information contained in this publication contains material provided directly by third parties it is given in good faith and has been derived from sources believed to be accurate at its issue date. It is not the intention of Heart1Stop or Heart Mortgage Services and Heart Financial Advisers that this publication be used as the primary source of readers’ information but as an adjunct to their own resources and training. To the maximum extent permitted by law: no guarantee, representation or warranty is given that any information or advice in this publication is complete, accurate, up to date or fit for any purpose; and no party of Heart1Stop or associated entities as mentioned is in any way liable to you (including for negligence) in respect of any reliance upon such information. This article may also contain links to websites operated by third parties ("Third Parties") who are not related to Heart1Stop. These links are provided for convenience only and do not represent any endorsement or approval by us.

3 views0 comments
bottom of page