How financial advice can improve your overall wellbeing

What stops you from getting a good night’s sleep? One in three Australians put it down to financial stress.¹ And with the cost of living still on the rise, working out how you’re going to pay the bills and put food on the table, often trumps planning for your financial future. But rest easy. We can help lessen your financial worries by putting you on track to a happier and more confident financial future.

Key learnings covered in this topic

How financial advice can impact your wellbeing
The benefits of seeking financial advice through CareSuper
Financial advice available to you

Research by the Financial Planning Association (FPA) of Australia has shown that receiving advice from a financial adviser can help improve your overall quality of life.² Why? Aside from the obvious benefit of feeling more empowered to make smarter financial decisions, good financial advice provides benefits beyond the expected financial gains. This includes having a positive influence on your mental health, family life and physical health. So, when things get bumpy and hit you out of the blue, you can cope with life’s shocks.

Here’s four benefits to be realised when you seek financial advice:

Lower financial stress

Advice can make the complex, simpler. Budgeting for significant goals in retirement, such as holidays and maybe even helping your children with some of their monetary constraints, requires careful consideration. Achieving these goals without knowing what strategies you can use can appear complex and lead to worry and stress. Advice can make striving for your goals simpler and more achievable.

More financial confidence

My income is fixed, so how can I stretch it to afford that new car? Understanding how to make your finances work for you is something advice can do. We can help you with a plan that will give you the confidence to make the most of the money you have, and the regular income you earn. You might be surprised just how far your money can stretch.

Advice transcends age, wealth and gender

It’s never too early, or too late, to get a grip on your finances. As you age and move through life, your financial priorities and circumstances might change, but the need to understand where and how you spend and invest your money doesn’t. And remember, you don’t need to be wealthy, or a certain age, to learn how to manage your money and improve your financial situation – you just need the right plan.

Feeling financially empowered

Being financially empowered means you’re actively managing your money, instead of your money managing you. Being confident in how you spend and save your money will reduce any financial anxiety you have and give you the flexibility (wriggle room) to make mistakes if you deviate from your goals.

Our advice team are here to give you good advice – plain and simple. They can help steer you in the right direction, explaining financial terms that might seem unfamiliar (did someone say ‘risk profile’?), take you through the advice options available to you, and deliver their recommendations that will help set you up for success, so you can feel happier and more confident about future you.

The main benefits of seeking advice through CareSuper are:

Personal

No two dreams are the same, so you'll receive advice that's personalised to your situation.

We’re on your side

We're a profit-to-member fund so we don't charge commissions and our fees are transparent.

Understanding

Our financial planners focus on your needs so you'll be in control and have choices when you finish working.

Trusted advice

Research shows financial planners from Industry SuperFunds are the most trusted.³

We’re here to help

Remember, you’re never alone on your super journey. As a first step you can book a call-back with a financial planner for super-related advice over the phone at no-extra cost.^** This can be an opportunity to check your investment choices are aligned to your goals, get a retirement income projection and understand the tax-effective options for drawing an income from your super. Or get tailored comprehensive advice to start building your financial freedom now, and beyond your super. ^{^}