/widgets.js";var sz=d.getElementsByTagName(s)[0];sz.parentNode.insertBefore(z,sz)}(document,"script","zb-embed-code"));
How to be financially happy?

How to be financially happy?

Does earning a six figure income plus guarantee financial happiness? Apparently not so, as it seems the more money you earn the more lavish or ‘over the top’ your spending habit becomes. So what is the secret to financial happiness? Well, it may sound boring or a bit like ‘I told you so’ but being organised and having good money management skills can help to reduce financial stresses and put a smile of relief and happiness back on your face!

So here are some simple and good old fashioned tips on how to be financially happy!

Get organised

Don’t place yourself in a chaotic situation where you have bills or statements flying in everywhere and you lose track of what needs to be paid and by when. Best to get organised to avoid late bill payment fees. Get a filing system set up or better yet use an app or an online calendar to schedule a Bill Due Date event with reminders set, to alert you of when the bills are due.

Being organised will make you feel better, avoid paying unnecessary fees and start to develop an interest in your finances.

Track your financial habits

You may be surprised to learn about your financial habits. It might be a positive surprise or it may turn out to be a nasty shock. But perhaps a wake up call is what you need to get you sitting upright and pay attention to your financial habits.

These days banks provide apps that enable you to track and understand your spending habit and trends. The more you know about your finances the more control you have to help you make smarter financial decisions.

Learn to identify your spending triggers and start building more positive financial habits.

Self-control

Now that you have identified what you spend your money on, is it time to test your self-control and stop making impulse led purchases?

According to research, impulsive buyers lack self-discipline and buy things on a whim even when they are already overloaded with debt. It seems they cannot break out of a vicious cycle of overspending, accruing unnecessary additional debt, collecting more clutter or unused items, having frequent family arguments which eventually leads to stress, low self-esteem and unhappiness.

If you don’t want to sabotage your own prosperity then lose the ‘I want it now syndrome’. Stop spending beyond your means and start prioritising your spending needs!

As a university professor of Human Behaviour explains  ‘small acts of self control build over time’ so it’s recommended to take baby steps first rather than jump into the deep end and sink with frustration and too hard attitude. As your self-control gradually builds up in one area this according to researchers can spread to improve other parts of your life.

Don’t procrastinate!

Don’t just read, act now. The longer you put it off the harder it gets to find the time and the motivation to make a change. Every day you think about ‘I need to get on top of things’ is precious time lost so have the courage to take back your financial happiness and peace, now not later!

Do you need some helpful money management tips? Our professional advisers would be happy to point some out.

Talk to a Dome Financial Adviser in Charlestown, Tamworth and Hunter Valley.

The information contained on this page is for discussion purposes only and is not intended to constitute financial product advice. It does not take into consideration any persons objectives, financial situation or needs. You should consider its appropriateness in light of your circumstances and consider seeking professional advice relevant to your individual before making a decision based on any information on this page.

Top 3 Financial Tips for your 20s

Top 3 Financial Tips for your 20s Congratulations! You’ve survived your teenage years, finished higher school education and graduated with professional skills, confidence and a zest to conquer the world. All the hard work, resilience and many life’s highs and lows...
Read More

Back to Basics 3 Money Principles

When life is chaotic it’s best to keep things simple. This is the same with your money principles. Keep it simple, and practice the ‘back to basics’ money management principles to help you stay financially fit and healthy.   1. Cut down on money going OUT  ...
Read More

Savvy Financial Tips for Women | Financial Planners in Charlestown, Hunter Valley & Tamworth

Savvy Financial Tips for Women For many women juggling to maintain balance over career and family time, it can get tough. It is even tougher when it comes to money. Here are some tips to help you stay in control and be financially savvy. 1. Make ‘compounding’ your...
Read More

5 Steps to Financial Zen | Financial Planners in Charlestown, Hunter Valley & Tamworth

Steps to Finding Financial Zen (Financial Peace of Mind) It’s very hard to find financial peace of mind or financial zen if you’re constantly faced with financial problems or money woes. So, how can we leave the circle of financial stress and achieve financial peace...
Read More

3 Golden Rules to a solid Investment Plan

The 3 Golden Rules to Investing When it comes to creating wealth, you need to start with a solid plan. A plan that is personalised to your situation, and one that is appropriate to meet your financial goals and objectives. Everyone is different, so every plan should...
Read More

What are the benefits only a financial planner can provide?

The many benefits financial planners provide As a financial planning professional, a question we get asked a lot by new clients is  "Do people really need a Financial Planner when so much DIY information is available online?", and so we’ve decided to clear up the...
Read More

Should you outsource your financial future to a financial planner?

These days, we outsource a lot of tasks to external professionals. Due to the chaotic nature of the busy lives we lead, we rely more and more on professionals who have the experience, knowledge and most importantly, the time to get things done for us. Simple things...
Read More

It’s your financial future, learn to plan for it, now!

It’s your future. Do something about it now. “It’s not the plan that’s important, it’s the planning.” - Graham Edwards You can have the best plan in the world but if you don’t act on it, why bother with one?   Top 5 Tips on How to plan for your financial future....
Read More

P: 02 4969 7069 | 1300 723 300

E: admin@domefinancial.com.au

Australians’ Top Financial Regrets | Dome Financial Group

Australians’ Top Financial Regrets | Dome Financial Group

What are Australians’ Top Financial Regrets?

No one is perfect, and we can all admit to making poor decisions in our lives, and feel guilty about leaving things to later.  Well, it’s time to learn from mistakes and avoid the top 3 ‘financial’ regrets Australians are having.

According to the FPA ‘Live the Dream’ 2017 National Research Report courtesy of www.moneyandlife.com.au/livethedream, Aussies’ biggest regret is NOT saving enough.

Top 3 Financial Regrets

 

  • Not Saving Enough

 

The biggest regret for 37% of Australians is not saving enough.

Not having enough savings impacts upon retirement lifestyles, and restricts lifestyle choices.  It is also the biggest obstacle to Australians ‘living the dream’ according to the FPA research.

If ‘living the dream’ is something you desire, it’s essential you become a good saver, and make it a life habit.

It’s Good Money Management Skills 101! Without mastering this skill, it gets harder, financially, to live the lifestyle you dream about.

There are many apps on budgeting and savings around or plenty of financial planners who can give you a hand so get off the sofa and start saving..

 

  • Poor Decisions

 

30% of Australians regret making poor decisions.

We can all admit to making mistakes at one point or another in our lives perhaps caused by poor decisions and poor judgement but we should be able to learn from our experiences, and learn to make better decisions going forward.

Decisions to set financial goals, and sticking to a plan would be on top of any financial planner’s list.

The decision to start making good life choices. To not just dream about your future but decide to make it happen are some of the  things, only you can control, and do something about it.

Once a decision is made, seek help and get good advice from professional financial planners – they are only too eager and happy to help.

 

  • Not investing enough

 

19% of Australians regret not investing enough

Time flies by! It doesn’t wait for you to realise you haven’t invested enough for your retirement. When that moment of realisation happens – it’s too late.

Don’t leave your future to chance. Start to set clear goals, get a plan worked out in consultation with a planner, and start to make good investment decisions now, not later..

Starting to invest early in life can elevate your chances of financial success, and definitely more of  a stress-free lifestyle than someone who ponders at retirement age what they should do.

There are many investment options and choices available to you. You can start small and grow your savings, and you can spread your investments around to suit your financial attitude and appetite.

Don’t procrastinate! Seek advice and educate yourself on how you can grow your wealth to suit your level of comfort and financial goals.

As quoted in the FPA research:

‘The Australian ‘no worries’ attitude is being challenged, at least regarding personal finances. Australians are no longer likely to state they have ’no worries’, as 80% say money and finances cause them some level of stress.’

It’s time to end the financial regrets and learn from our mistakes. If you’re ready to make positive decisions about your financial future, speak to us. We can offer valuable advice and recommendations for you.

Talk to a Dome Financial Adviser in Charlestown, Tamworth and Hunter Valley.

The information contained on this page is for discussion purposes only and is not intended to constitute financial product advice. It does not take into consideration any persons objectives, financial situation or needs. You should consider its appropriateness in light of your circumstances and consider seeking professional advice relevant to your individual before making a decision based on any information on this page.

Top 3 Financial Tips for your 20s

Top 3 Financial Tips for your 20s Congratulations! You’ve survived your teenage years, finished higher school education and graduated with professional skills, confidence and a zest to conquer the world. All the hard work, resilience and many life’s highs and lows...
Read More

Back to Basics 3 Money Principles

When life is chaotic it’s best to keep things simple. This is the same with your money principles. Keep it simple, and practice the ‘back to basics’ money management principles to help you stay financially fit and healthy.   1. Cut down on money going OUT  ...
Read More

Savvy Financial Tips for Women | Financial Planners in Charlestown, Hunter Valley & Tamworth

Savvy Financial Tips for Women For many women juggling to maintain balance over career and family time, it can get tough. It is even tougher when it comes to money. Here are some tips to help you stay in control and be financially savvy. 1. Make ‘compounding’ your...
Read More

5 Steps to Financial Zen | Financial Planners in Charlestown, Hunter Valley & Tamworth

Steps to Finding Financial Zen (Financial Peace of Mind) It’s very hard to find financial peace of mind or financial zen if you’re constantly faced with financial problems or money woes. So, how can we leave the circle of financial stress and achieve financial peace...
Read More

3 Golden Rules to a solid Investment Plan

The 3 Golden Rules to Investing When it comes to creating wealth, you need to start with a solid plan. A plan that is personalised to your situation, and one that is appropriate to meet your financial goals and objectives. Everyone is different, so every plan should...
Read More

What are the benefits only a financial planner can provide?

The many benefits financial planners provide As a financial planning professional, a question we get asked a lot by new clients is  "Do people really need a Financial Planner when so much DIY information is available online?", and so we’ve decided to clear up the...
Read More

Should you outsource your financial future to a financial planner?

These days, we outsource a lot of tasks to external professionals. Due to the chaotic nature of the busy lives we lead, we rely more and more on professionals who have the experience, knowledge and most importantly, the time to get things done for us. Simple things...
Read More

It’s your financial future, learn to plan for it, now!

It’s your future. Do something about it now. “It’s not the plan that’s important, it’s the planning.” - Graham Edwards You can have the best plan in the world but if you don’t act on it, why bother with one?   Top 5 Tips on How to plan for your financial future....
Read More

P: 02 4969 7069 | 1300 723 300

E: admin@domefinancial.com.au