Everyday ways to maximise finances and minimise stress [eBook]

Maximising our finances is a common goal for many Australians, and that goes hand-in-hand with minimising our stress levels for a more comfortable lifestyle. While that sounds easy on paper, in reality it’s not always simple to achieve. The good news is that with the right strategies in place you can set yourself on the path to financial freedom.

At Real Insurance, we’re committed to conducting detailed research that provides insights for everyday Aussie families. Most importantly, we have a strong desire to truly understand the key concerns of people in order to help reduce your worries.

Our Real Concerns Index – surveying 5,029 Australians aged over 18 (under-55s: 4,779; over-55s: 250) – is the first of its kind for Real Insurance. Based on the information gathered, we found that Aussies want to amplify their wealth while also minimising their day-to-day worries. However, we also found that there are a number of factors contributing to Australians’ financial concerns.

From the rising cost of living to environmental worries and even the influence of work on our mental health, we’ve uncovered the top concerns of Australians and put together this eBook to offer some handy tips to help reduce your worries. Tracking your spending and reducing your everyday expenses are just a few of the strategies we’ll explore – so read on to get started on your new journey.

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How financial stress is impacting the lives of everyday Australians

Unsurprisingly, when it comes to the concerns and worries of regular Australians, our finances are number one on the list.

Financial woes topped family, work and education, health and technology concerns. In fact, concerns over finances was the biggest worry for under-55s with an index score of 51.4, and they were the second-most concerning issue for over-55s, with an index score of 53.9. With the burden to keep our finances healthy and growing stronger every year, there are various contributing factors putting added stress on everyday Aussies.

Rising cost of living

The rising cost of living in Australia was found to be far and away the biggest contributor to financial worries for both age groups. However, within that bubble of ‘rising costs’, the specific worries of under-55s and over-55s are at times dramatically different.

Cost of energy and fuel

Another major player in all of our financial stresses is the cost of energy and fuel. Both are essential for a comfortable life in Australia, but most respondents feel like there are poor systems in place to monitor these rising prices (78.7% of under-55s; 86.3% of over-55s).

Saving enough money to last through retirement

Another big concern for all Australians is whether or not they will have enough money stashed away in their superannuation, savings and assets to maintain their lifestyle through retirement.

Environmental legacy

According to respondents, they have three key concerns about the environment and climate change, the first being the environmental legacy they are leaving their children.

Chief concerns are the reliability of food and water sources (75.9% of under-55s; 82.1% of over-55s) and the impact on their children’s quality of life (78.5% of under-55s; 73.7% of over-55s).

Now is the time to maximise your finances and minimise your stress

Life insurance is one simple thing you can do to protect your family’s future if something was to happen to you.. This important cover means that your family or nominated beneficiaries would receive a payout if you were to fall seriously ill or pass away.

This eBook is for information only and should not be taken as constituting professional advice. Real is not a financial advisor. You should consider seeking independent legal, financial, taxation or other advice to check how this information relates to your circumstances. This is general information only.