From there, take your income and decide how much you want to put aside every month. That might be 10 per cent, so you know you need to find a way to make your income minus your total expenses hit that target.

A good way to do this is to prioritise your discretionary expenses and then cut back on certain areas. For example, if you like to eat out, you still can, just cut back on how many times per week you are going out. Or you could cut out something else, like a streaming service or two and put that towards a more important expense.

Debt is a valuable tool when used to purchase assets such as property, but when used on discretionary items it can cause a lot of problems.

The first thing to do is understand where your money is going every month. Total up all your debts and their respective interest rates. A great way to take control of your debts is to consolidate them all into one loan product that comes with a lower interest rate. That way you can easily manage the repayments and quickly pay down your debt.

It’s usually worth paying down your debts before trying to save because you’ll be paying interest on the outstanding loan amount.

 And money worries are not restricted to those who might be thought of as financially disadvantaged — around two in five (38.6%) Australians with at least A$1 million of investable assets say they worry about money at least monthly.

Australians regularly worry about money. If it’s not creeping into their thoughts every day, then they’re thinking about it at least once a month. And money worries are not restricted to those who might be thought of as financially disadvantaged — around two in five (38.6%) Australians with at least A$1 million of investable assets say they worry about money at least monthly.

Given the link between financial wellbeing and other aspects of wellbeing, it is perhaps surprising that more Australians don’t join the dots and see addressing financial issues as a step towards improving their overall wellbeing.

While around three-quarters (77.3%) of Australians have been to see their GP to address personal wellbeing issues, and more than a third (35.0%) have been to see a mental health professional for the same reason, only a quarter (24.9%) of Australians have been to see a financial adviser.

Building great relationships with our clients and helping them realise their goals is what we love to do. There is nothing greater than having someone come to us with an idea on what they’d like to achieve, or a financial concern that has kept them up at night, and then creating the steps and building blocks to achieve their goals or resolve their concerns.