Five ideas for your financial wellbeing WOF check

Set aside 30 minutes this month to check in on your financial wellbeing. There’s no pass or fail, just five easy steps that could help improve your current situation.

A regular review of your financial wellbeing isn’t just less overwhelming, it helps you track your finances and keeps you on the road to your savings goals. Ready to take your finances for a spin?

The first step to putting your money in the best long-term shape is to get a handle on how you’re tracking right now. You can find out by answering questions in the ANZ Financial Wellbeing Calculator.

Visual cues are your savings trump card. That’s why you can add a picture and name to your accounts in the ANZ goMoney mobile app. Including a photo of what you’re saving for is an easy way to help you stay focussed, because it literally keeps your eyes on the prize. 

Simplify the way you organise your money with the help of buckets. This means using different bank accounts to manage your money. 

Organising and naming your accounts for different things, like 'everyday spending', 'treats' or 'savings' could help you get into the habit of moving money into them the moment your pay lands. And good habits equal better financial wellbeing.

Subscriptions are the best, as long as you’re using them. So take a little time to rummage through your bank account transaction history and app store subscriptions to see if there’s anything you could ditch. Simple savings like this are a great way to boost your financial wellbeing.

We all need to stay in touch, shower, and run the washing machine. So make a quick online search to compare phone and power companies. You may find a better deal or an offer for new customers. It might even prompt your current provider to cut you a better deal. Shop around – your budget will thank you.