Money matters for mates
A recent study has found that Australians are more likely to talk with friends about their career goals or their weight than their financial goals.
The survey1 by the Australian Government Financial Literacy Board of over 1200 adult Australians, conducted in August, found 56% had spoken with friends about holidays, 48% had chatted with friends about career goals and 44% had talked with friends about their weight, but only 31% had spoken with friends about their financial goals.
“There are lots of fantastic resources out there to help you take control of your money, but it can be hard to get started and move from talk to action,” says Paul Clitheroe AM, Head of the Financial Literacy Board. “In fact, the Newspoll survey suggests that over three million Australians spend more time worrying about their financial situation than taking steps to improve it.”
Talking openly to friends about your financial situation may be daunting, especially if your friends appear to be in control of their finances. However, you never know what you might pick up from talking to a friend – even the simplest of conversations can help you get on track to reaching your financial goals. Do remember however, that what works for one person might not necessarily be in the best interests of another. Whilst we encourage you to all share general financial advice, you should seek tailored, professional financial advice prior to taking any action. A financial adviser can help you to develop a strategy to make the most of your financial situation.
1 Newspoll survey conducted for the Australian Government Financial Literacy Board by telephone in August 2012
Source: Count Financial
Disclaimer: This document has been prepared by Count Financial Limited ABN 19 001 974 625, AFSL 227232, (Count) a wholly-owned, non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 123 123 124. Information in this document is based on current regulatory requirements and laws, which may be subject to change. While care has been taken in the preparation of this document, no liability is accepted by Count, its related entities, agents and employees for any loss arising from reliance on this document. This document contains general advice. It does not take account of your individual objectives, financial situation or needs. You should consider talking to a financial adviser before making a financial decision.