Current financial situation
It is important to understand where you are in the investment journey so that you have a clear picture of your current financial situation.
Learn & Connect Investor Resources Current financial situation
Budgeting: what is my capacity to save?
- By taking charge of your money, whether you have a little or a lot you will feel more secure and in control.
- Moneysmart suggests you consider these 2 simple concepts to change your spending habits.
Managing your money
- Download a copy of ASIC’s moneysmart budgeting, saving and spending guide.
Budget planner
- These online and downloadable free tools from Money Help will help you get more control over your finances.
Budgeting & savings apps
- Wanting to take control of your finances but don’t know where to start? These budgeting and savings apps might be worth checking out.
What is my net worth?
- Having an idea of your current financial situation is well worth the time.
- You will know where you are ‘starting from’ so that you or adviser can work out the most appropriate strategies for you.
What should your net worth be?
- Investsmart crunches some number to help you pin down whether your net worth is on track.
Net worth calculator
- Moneysmart’s net worth calculator helps you work our if your total assets outweigh your debts and assess the strength of your financial situation.
What types of insurances do I need?
- Do you have enough insurance?
- Some interesting facts on ‘no insurance’ and ‘understanding insurance’ as well as some useful calculators to help you to work out how much insurance you need.
Types of insurance
- Moneysmart looks at types of insurance and what to look for in insurance products so you can find the right policy for your needs.
Life insurance: yes, you need it!
- But we hear you say: ‘Not me, I don’t’. Life insurance over the right person is important to wealth preservation and to a good estate plan.
What amount of life insurance is enough?
- How much insurance cover you need will vary according to your individual circumstances.