Top 5 tips to achieve your money goals in 2021

Work out your financial position

Start with a financial stocktake to work out what you own and what you owe. 

Use the net worth calculator

Make a plan for your money

What are your money goals this year?  Give yourself the best chance at achieving them. 

Plan and manage how you spend

Build a savings buffer

Having a financial safety net will give you peace of mind.

Save for an emergency fund

 Tackle your debt

The good news is there are steps you can take to relieve the financial pressure. 

Get debt under control

Master the investing essentials

Planning is the key to successful investing. Creating a plan will help you find investments that fit your goals.

Get ready to invest

Hand-in-hand: financial wellbeing and mental health

As COVID-19 continues to damage Australia’s economy and impact the job market, it’s becoming increasingly clear that the pandemic is presenting many people with significant challenges.

Click here to read Beyond Blue’s chat with Laura Higgins, head of moneysmart.gov.au, about why getting on top of your finances is so important for mental wellbeing.

Diversification - Spread your investments and lower your risk

Diversification is an oft-heard term when reading about investing, but what does it actually mean, and how can it benefit you?

Essentially, it’s about not putting all of your eggs into one basket. Click here to read about this investment strategy that lowers your portfolio’s risk and helps you get more stable returns

Investment scams

Reduce the risk of investment scams.

Be suspicious of anyone that offers you easy money. Scammers are skilled at convincing you that the investment is real, the returns are high and the risks are low. But there’s always a catch.

Click here to read on how to spot an investment scam, common tactics, how to check if an investment is real, and how to reduce the risk of investment scams.