Life has a way of surprising us. Sometimes in great ways, and sometimes with unexpected challenges. A job loss, a sudden health crisis, or an economic downturn can happen when you least expect it. But here’s the good news: you don’t have to leave your future to chance.
The key to navigating these moments confidently is through building financial resilience and having the right tools, mindset, and strategies to adapt and thrive, no matter what life throws your way.
From an evolutionary perspective, humans are wired to seek security. The brain perceives uncertainty as a threat, triggering stress responses that can cloud decision-making and lead to short-term thinking. This is why financial instability often feels overwhelming—it activates a deep-rooted survival instinct.
As you move through different stages of life, building financial stability becomes more than just a goal but a psychological necessity. True financial security means knowing you can handle life’s surprises without derailing your long-term plans. It means having financial freedom to make choices that align with your values, rather than being forced into reactive decisions driven by financial stress.
And financial stress is no small issue. A 2023 ANU study found that 32% of Australians experience high levels of financial stress, with the biggest impacts seen in those nearing retirement.
The uncertainty around superannuation, rising costs of living, and unexpected expenses create significant anxiety, which can lead to avoidance behaviours like putting off retirement planning, delaying investments, or ignoring financial issues altogether.
These ingrained behaviours explain why nearly 50% of Australians regret not saving more earlier, according to results detailed in our Superannuation and Retirement Insights Report.
Yet, research from ASIC’s Moneysmart program shows that people with a structured financial plan are 21% more likely to feel in control of their money, significantly reducing stress and improving long-term decision-making. This aligns with behavioural finance studies that show people who automate financial decisions reduce cognitive overload and improve their financial outcomes over time.
By recognising these natural tendencies and taking proactive steps—such as automating savings, optimising superannuation, maintaining a diversified portfolio, and prioritising debt management—you can assist to safeguard your future, protect your family, and enjoy peace of mind knowing you’re prepared for whatever comes next.
Count how many ‘Yes’ answers you have and find your result below.
Fantastic work! You’ve built strong habits that give you financial freedom and stability. Keep refining your strategy by exploring more investment opportunities and ensuring your financial plan stays up to date.
You’ve made great progress, but there’s still room to strengthen your money management tactics. Focus on shoring up any weak spots, such as your insurance coverage or investments.
You’re taking some positive steps, but there are key gaps to address. Start by refining your budget, tackling debt management, and setting up a proper financial plan. Small changes now will pay off in the future.
The good news? You’re in the perfect place to start fresh. Begin with essentials like setting up a weekly or monthly budget and saving for a rainy day. Every step forward is a step towards financial independence.
Many people picture financial security as having multiple investment properties, a high salary, and plenty of disposable income. But while those things can contribute to wealth, they don’t necessarily equate to true financial independence. Owning assets means little if they’re highly leveraged, illiquid, or vulnerable to market fluctuations. Real financial security isn’t about what you own—it’s about how well you can navigate uncertainty.
With rising living costs, many Australians are reshaping their financial strategies to stay financially secure. According to results from our Superannuation and Retirement Insights Report, they are:
Optimising budgets: Cutting low-value expenses and prioritising investing and wealth-building. 44% have changed their financial strategies to make ends meet.
Boosting emergency savings: 43% are prioritising emergency funds over long-term investments to stay prepared for unexpected costs.
Maximising superannuation: Despite only 30% knowing their balance, proactive Australians are reviewing super performance and adjusting contributions.
Protecting income: More are investing in income protection, health insurance, and life insurance, though gaps remain for younger Australians and women.
Managing debt wisely: Australians aged 35-54 struggle most with debt, but smart strategies balance repayments with wealth growth.
Diversifying investments: 85% invest outside super, focusing on shares, property, and alternative assets for stability and growth.
Seeking financial advice: 76% of those with financial advice feel confident managing super, compared to 57% without guidance.
Join them! Following these trends can help you build peace of mind and reduce financial stress.
Building financial security and lasting resilience in the face of constant uncertainty isn’t about avoiding challenges—it’s about facing them head on. The actions you take today will define your ability to handle life’s chaos and seize opportunities in the future.
Start by making one smart move, whether it’s reviewing your super fund or seeking expert financial advice. Small, consistent steps compound over time, turning financial security from a goal into a reality.
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