AMP’s 2020 Financial Wellness report shows 50% of Australians carry some anxiety about their finances, with women more financially stressed than men.
Ilaine Anderson in Financy looks at the 3 action areas that can help women improve their financial wellbeing and kick 2021 off to a good start. She recommends women:
- take action to improve our knowledge and understanding of key financial drivers, including superannuation, debt and cashflow management, insurance and basic investment principles, by tapping into online resources
- take the time to set goals and put a plan in place to achieve them – connecting finances with goals helps us engage with our finances, and then having a plan to achieve these goals can significantly ease stress
- as employers and leaders, provide female staff with access to online tools and information/education that can be easily accessed at a convenient time and to education programs which help women understand how they can boost their super balances.