Your practical money tips

12 June

Financial literacy isn’t about being perfect with money. It’s about building small habits that help you feel more in control, confident, and clear about your choices.

Here are some practical tips to help you get started:

Know Where Your Money Goes

Before you can budget or save, you need to know where your money is going.

Track your spending for a month (use Notes, a spreadsheet, or an app like Pocketbook or Frollo).
Notice patterns: Are you spending more on food, subscriptions, or transport than you realised?
No shame, just awareness.

Build a ‘Emergency’ Fund

Life happens (unexpected bills, work hours cut, a smashed phone). Having even a small buffer can reduce stress.

Aim for a starting goal of $500–$1,000 in a separate savings account.
Add small amounts regularly, even $5–$10 from each pay.

Understand Your Payslip

Your payslip shows how much you earn, your tax, and your super. Take time to read it.

Check you’re being paid the correct rate.
Look up your award or minimum wage on Fair Work.
If something looks wrong, ask questions – it’s your right.

Learn About Super

Superannuation may feel irrelevant now, but it’s your money for your future.

Check your super is being paid (should be at least 11% of your earnings if you’re over 18, or under 18 and working 30+ hours/week).
Consolidate your super accounts to avoid paying multiple fees.
Make sure your details (name, address, tax file number) are correct.

Set Small, Realistic Goals

Saving $10 a week is better than planning to save $100 and giving up. Small steps build momentum.

Example goals:

Save for an emergency buffer.
Pay off a small debt.
Save for something fun without going into debt.

Ask Questions

Money can feel confusing, and that’s okay. It’s a system you can learn.

Follow financial educators who explain things simply.
Ask your bank or super fund for help understanding fees and options.
Remember, it’s your money. You deserve to understand it.

You don’t have to get everything perfect, and you’re not behind if you’re still learning. Start with small, practical steps, and remember that financial literacy is a lifelong skill that will empower you to navigate the world on your terms.

Download our free budget template here.

Emi Hall