Money Health Check
Take the first steps towards a better financial life
What we will cover
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Where is your money?
Budgeting
Home loans
Credit cards
Saving
Superannuation
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Where is your money?
How much money do you have?
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Your home
Super
Investments
Savings
Your possessions
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What is a budget?
A plan, what you expect to:
› Receive (e.g. income)
› Spend (e.g. bills)
Why budget?
Helps you organise your spending:
› Spend money on the things you really want
Achieve goals:
› Save for big things
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MoneySmart’s budget planner
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Got a home loan?
Under control?
› Make extra repayments to get ahead and save thousands in interest
Struggling a bit?
› Start making changes now
› Get help
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Got a credit card?
Under control?
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If you are paying off your credit card balance in full each month then you are in control.
Struggling a bit?
 If you can’t pay off your bill in full, make sure you pay more than the minimum repayment and work
down your debt as quickly as possible.
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Saving
List your goals
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Work out how much money you need.
Identify where you can make savings.
Tip: Set up automatic transfers
from your everyday account to a
high interest savings account.
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Saving
Save for a $3,000 holiday in 1 year
Find the money:
Take lunch from home instead of buying
› Saves $5 per day = $1,200 per year
Use the work coffee machine instead of going to the cafe
› Saves $3 per day = $720 per year
Buy home brand or discounted staple foods instead of big brands
› Saves $25 per week = $1,200 per year
Enjoy your trip!
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Superannuation
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Your employer pays money into your super account (usually 9%)
Super money is invested by your fund and you can access it at retirement
You can add more from your own money
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Is your super on target?
Use MoneySmart’s retirement planner to find out
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Questions?
www.moneysmartweek.org.au
www.moneysmart.gov.au
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