Making the most of your finances
Women have challenges when it comes to money. As a woman, you
will probably live longer than men, you will usually earn less than
men, and you are more likely to have time out of paid work to care
for children or parents. This puts you behind when it comes to
being financially secure - both now and in the future.
We have the tips and tools to help you take action and get the
most out of your finances.
Taking care of your
According to research conducted by RMIT University in 2014,
80% of women say their top financial priority is providing for
their family's day-to-day needs. We have tools to help you find
ways to meet your family's needs.
Work out where you money is going and how to make it stretch
It's a good idea to keep tabs on your everyday spending so you
can work out your needs and wants and set spending limits.
We have articles on how to cover the essentials while making
sure your family doesn't miss out on the special things in
Women's money challenges
Our women's money challenges
infographic looks at the everyday challenges women face and the
small steps they can take now that can make a big difference
Paying for your
Education costs can account for a huge slice of the family
budget. The costs of school fees, uniforms, books, excursions and
extra-curricular activities can really add up.
For some tips on ways to save for your children's education and
activities outside school see our webpages on:
Planning for your
As a woman, you are likely to both outlive your partner and have
less money in your superannuation account, so it's important to
start thinking now about your future. Small steps today really can
make a big difference tomorrow.
To find out what you can do now to build your retirement
savings, see our webpages on:
Life events that affect
Life events can have a big impact on your finances. Even a
wonderful experience like having children often mean big
Find out what you need to know about:
We also have a number of tools to help you work out your
finances when there is a major change in your life:
Teaching your kids about
Most people learn a lot about dealing with money by watching
their parents when they were kids. Your kids are learning about
money from watching you - even if it doesn't look like they are
listening. For some tips on helping your kids develop good money
habits see our Teaching kids about money
Teaching section has a range of games and challenges your kids
can use to learn about money. You can also encourage your child's
school to become a MoneySmart School.
It's never too late to start building a better
Last updated: 12 Feb 2019