Money and Life
(Financial Planning Association of Australia)
The FPA is celebrating the 20th consecutive Financial Planning Week in Australia from 5 – 11 October 2020. This year’s event coincides with the global celebrations of World Investor Week and World Financial Planning Day on Wednesday 7 October under the global theme “Live your today. Plan your tomorrow”.
Financial Planning Week is all about inspiring Australians from all walks of life and ages to consider their personal finances and find out how having a financial plan provides greater peace of mind and security.
To kick off 2020 Financial Planning Week, the FPA conducted national research to explore the financial wellbeing of Australians six months into the COVID-19 pandemic.
The FPA Money & Life Tracker: COVID Edition (to be released during Financial Planning Week) reveals a snapshot of over 2,000 Australians and delves into their money and life issues amidst the pandemic.
Financial Planning Week is the perfect time to take positive steps toward controlling your financial wellbeing – now and into the future.
Here are some simple steps for those who want to make 2020 Financial Planning Week the start of a long-term commitment to financial success:
- Start a ‘COVID-proof’ plan. Use the pandemic as an opportunity to harness the positive financial habits picked up during COVID. In other words, keep the COVID mindset even after COVID is over. Prepare two lists: 1) expenses you don’t need any more and 2) where you can better utilise this money e.g. save, invest, pay down debts or spend somewhere more appropriate
- Think ahead. Work out where you want to be financially in the future (think 5 years, 10 years or retirement) and work backwards for how to get there, along with a timeline of achieving certain key milestones along the way
- Make an appointment with a qualified financial planner.