The science of success
There’s more than one path to financial success
It’s the perfect time to start making your money moves in 2023. Take control of your finances by having additional cashflows to help you live the life you want. Here’s some ideas.
- Save more with a high-interest savings account. Sign up for Momentum Money and earn a compelling interest rate on your savings balance.
- Earn more with dividend investing. Buy stocks in a company and receive cash payouts as a shareholder.
- Make extra money with a side hustle. An entrepreneurship path can give you additional cash.
Make your money moves today. Speak to one of our financial advisers to find out how.
SUMMARY OF OUR FINDINGS
Household types and their financial goals
Couples (with or without children) who set financial goals had the highest Financial Wellness Index scores, exceeding the national average. The difference in the Financial Wellness Index scores is relatively large between those with and without goals, again highlighting the importance of setting and pursuing goals as key drivers towards financial wellness.
Financial wellness scores
In all types of households, those with financial goals had a higher financial wellness score compared to those without any goals. Single households with minor children who had no goals had the lowest Financial Wellness Index scores.