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 family

According to 'Women and money across the generations' 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 further.

Budget planner

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.

Track your personal expenses on the go with our free and easy-to-use app.


We also have articles on how to cover the essentials while making sure your family doesn't miss out on the special things in life:

Women's money challenges

Women's money challenges infographic thumbnail

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 later.

Paying for your children's education

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 retirement

As a woman, you are likely to both outlive your partner and also have less money in your superannuation account, so it's important that you start thinking about your future now. 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 women's finances

Life events can have a big impact on your finances. Even a wonderful experience like having children often mean big changes.

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 big change in your life:

Video: Women and money

Video about women and money.

Find out what people on the street say are the financial challenges women face and how they can deal with them.

Teaching your kids about money

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 webpages:

Our MoneySmart Teaching section has a whole range of games and challenges that 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 financial future.

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Last updated: 17 Dec 2018