Getting better control of your financial future
Written on the 20 June 2017 by nestegg.com.au
With nearly a third of Australians concerned about how much debt they need to pay off each month, finding ways to manage your financial future is increasingly important. Here are BT Financial Group's five tips for managing your money.
New research conducted by BT Financial Group found that 32 per cent of Australians often live 'pay cheque to pay cheque', 30 per cent are 'concerned' by the amount of debt they repay on a monthly basis.
Bryan Ashenden, head of financial literacy and advocacy at BT, said "no one is immune" to the stress caused by planning their financial future, but there are a number of steps investors can take to improve their savings.
"We all have worries about our money from time to time, but what can make a difference is to put steps in place, so that we worry less," Mr Ashenden said.
BT's five tips to manage money are:
1. Crunch the numbers
2. Get a handle on debt
Once you're across this, the next step is to see if loans and the like can be consolidated to get a better rate.
3. Create a savings plan
4. Consider your super
5. Seek professional advice