Keep stress within lim­its with a fi­nan­cial game plan

Townsville Bulletin - - NEWS - SO­PHIE ELSWORTH

BOT­TLING up fi­nan­cial stress is not un­com­mon, par­tic­u­larly be­cause many of us would pre­fer not to talk about it.

But tack­ling nig­gling mon­e­tary wor­ries head- on is the best way to get on top of your fi­nances. New Gal­axy Re­search shows most Aus­tralians ( 73 per cent) feel anx­ious about their fi­nances and al­most half ( 43 per cent) say they’re un­com­fort­able talk­ing about money.

Eqeus fi­nan­cial plan­ner Gareth Colgan says Aus­tralians too of­ten have a “she’ll be right at­ti­tude” and many need to im­ple­ment fi­nan­cial goals.

He says just work­ing out your house­hold in­come and weekly ex­pen­di­ture will get you well on your way to a hap­pier fi­nan­cial fu­ture.

The big­gest mis­take is to bury your head in the sand, the re­search shows, be­cause most of your money is be­ing sucked up by bills and other liv­ing costs.

Sim­ply start­ing a sav­ings plan can help you re­move any mon­e­tary stress, says MoneyS­mart’s se­nior ex­ec­u­tive leader Miles Lar­bey.

He also urges peo­ple to take charge of their reg­u­lar costs, in­clud­ing util­ity and phone bills by mark­ing on the cal­en­dar when they are due.

Add up how much your big bills cost and put aside an amount to cover these ex­penses when your pay ar­rives, he adds.

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