skip to log on skip to main content
VoiceOver users please use the tab key when navigating expanded menus

Are you a Financial Wellbeing?

Published 31 March 2022

What is a Financial Wellbeing and how do you become one?

Do you take a homemade lunch to work rather than buying a $15 salad? Do you love a weekly big supermarket shop to buy in bulk and save? Or maybe you have your monthly budget laid out in a spreadsheet?

If you do anything big or small that makes a positive impact on your money mindset, you’re a ‘Financial Wellbeing’. It’s someone who, whether they’re 18 or 80, makes the most of what they have, regardless of how much that is!

If you’re unsure if you’re a Financial Wellbeing, or if you're interested in learning how to become a better one, then read on to learn more about the habits of Financial Wellbeings (and see which ones you can relate to!).

What exactly is a Financial Wellbeing?

They’re ordinary people who make savvy money decisions and feel extraordinary. From little things like switching off the lights when they leave the room or ditching the nightly food deliveries, to starting a side hustle or popping extra into super.

There’s a Financial Wellbeing in all of us. You’re probably one of them and didn’t even know it! And if not, and you aspire to be, we can help you become one.

What are the habits of a Financial Wellbeing?

Some Financial Wellbeings hunt for the best deals, they ignore the Jones’, try to spend less than they earn, and sell what they don’t need – these are just a few scenarios. But the most important thing to know is…

1. Financial Wellbeings don’t always get it right

Financial Wellbeings make mistakes (or happy accidents, as we like to say) and from each set-back comes something learned. Being open to learning and improving from misshaped money experiences is an essential habit to learn!

2. Financial Wellbeings try to plan ahead

If there’s one thing many Financial Wellbeings are good at it, it’s planning (or as best they can!). Whether there’s an event on the horizon that you need a killer outfit for, or you’re dreaming of a warm escape, or you’re keen to set-up a rainy day fund, Financial Wellbeings start a savings plan to get there.

3. Financial Wellbeings stay close to their super

Whether you compare funds on the regular, combine accounts started at old jobs, do a search for lost super or even add in a little extra when you can, that’s a clever habit of a Financial Wellbeing.

4. Financial Wellbeings don’t sacrifice lifestyle

Wondering how some people always seem to be taking weekend trips away without eating instant noodles for weeks on end? Many create and stick to a monthly budget, so they don’t have to borrow money for the fun stuff.

Financial Wellbeings are savvy spenders who might then bookmark sales, clip digital coupons and sign up to discount sites to maintain their preferred lifestyle.

5. Financial Wellbeings often have a rainy-day fund

We’ve all been in a situation where we open the mail and find a bill we forgot was even coming. And if you don’t have any spare cash ready to go to cover the unexpected, these events can totally derail your budget (however informal it may be).

This is where a rainy-day fund comes in - a savings stash that you keep aside for an emergency, accident or unexpected expense, to help you absorb any financial shock when life throws you a curveball.

How to become a next-level Financial Wellbeing

Getting your financial wellbeing score is a good place to start so you know where you’re currently at – it’s just 12 questions to make you ponder your approach to money. You’ll get a score out of 100 and you can see how you compare to the national average (which is 64, by the way!). From there, you’ll have a recommended ‘next step’ based on your score – it’ll be one of 6 steps in the Financial Wellbeing Program.

The program is designed to help you become a Financial Wellbeing (or a better one). Each step is packed with powerful insights and practical tools to help you unlock greater confidence. You can do them in your own time and at your own pace, no matter who you bank with. And it’s free. A true Financial Wellbeing will love that.

So now that you’ve got the knowledge on what it means to be a Financial Wellbeing, you’re already on the road to becoming a better one!

Check to see if you’re a Financial Wellbeing

The first step to gaining more confidence with your money is knowing where you’re at. Answer 12 questions (5 mins, too easy!) to get your score (and just so you know, your responses won’t be saved).

Get your score

Dive into more

Article

The brilliance of resilience: How to build a financial buffer

It’s a crucial part of your financial wellbeing, but how do you actually build financial resilience?

  

Article

3 ways to become a Financial Wellbeing

Want to become a Financial Wellbeing? Find out the results of our 2021 Financial Wellbeing Survey and see how.

   

Article

Super made simple: easy steps to boost your life savings

Superannuation can help set you up for a stress-free future, but it can also have big benefits for you now. Make superannuation simple with this easy guide.

  

The information set out above is general in nature and has been prepared without taking into account your objectives, financial situation or needs. By providing this information ANZ does not intend to provide any financial advice or other advice or recommendations. You should seek independent financial, legal, tax and other relevant advice having regard to your particular circumstances.

Top