Why our financial literacy matters
Why our financial literacy matters. While knowledge is power, the lack of knowledge can leave us vulnerable in many areas of life. This is especially true when it comes to our relationship with money. Financial literacy is the missing building block undermining many people’s financial capability and personal financial position, invariably leading to chronic financial […]
New clinical help on the horizon for shopalcoholics
New clinical help on the horizon for shopalcoholics. We all instinctively know that compulsive, mindless spending can be a problem. We see it in those around us and even in ourselves at times – especially when stress drives the perceived need to ‘escape’ mentally. Whatever is behind compulsive shopping, buying, spending, even shopalcoholism – whatever […]
The cost of divorce and its impact on families
The cost of divorce and its impact on families. We know that divorce – the unsettling reality for one in three marriages – usually has an immense but largely immeasurable emotional impact on couples and their children. But the financial costs can be quantified. A detailed report by the National Centre for Social and Economic […]
Why isn’t mindfulness working for me
Why isn’t mindfulness working for me. Mindfulness, in theory, sounds great. The deal seems to be roughly this: if I sit still and listen to my breathing for 10 minutes each day, I will be calmer, certainly cooler, possibly richer and definitely an all-round better person. So how come it’s not working, you might ask […]
Proving the business case for financial wellness programs
Proving the business case for financial wellness programs. Financial wellness has been a buzz phrase in the workplace for a few years now – with good reason. More and more data show how bad for productivity the problem of employee financial stress is. In Australia, AMP’s 2020 Financial Wellness Report showed 1.8 million Australian workers […]
The Australian dream holds big financial risks
The Australian dream holds big financial risks. It’s said that the American dream is upward mobility – the ultimate example being to become the US President. The Australian dream seems more modest – home ownership, especially the good-old quarter acre block. But arguably it comes with bigger risks than the American dream, especially for Australians […]
Key insights from the FSI report
Key insights from the FSI report. A significant focus of Financial Mindfulness is the tracking and reporting of our Financial Stress Index (FSI), which allows us to benchmark and compare the impact of financial stress on Australians. The FSI has now become a leading financial stress measure in Australia. The FSI is a comprehensive measure […]
Australians rebounding from pandemic
Australians rebounding from pandemic Financial Mindfulness was reported in Money Management on its latest financial stress survey. Australians assessed as “thriving” financially have rebounded after sliding backwards during the first six months of the COVID-19 pandemic, according to Financial Mindfulness. The firm’s Financial Stress Index (FSI) showed that 25.8% of 645 respondents were rated as […]
Staggering number of Australians with less than $2000 in the bank
Staggering number of Australians with less than $2000 in the bank. Financial Mindfulness was interviewed by the Daily Mail on the latest study on financial stress. These results show just how dire circumstances are for some Australian’s. Revealed: The staggering number of Australians with less than $2000 in the bank – and why the slow […]
March 2021 Financial Stress Index (FSI) report
March 2021 Financial Stress Index (FSI) report Number of Australians ‘thriving’ bounces back dramatically as Covid nears end, but worst affected still suffering. Australians assessed as ‘thriving’ financially – a group that slid backwards eduring the first six months of the Covid pandemic – have bounced back and are doing even better than before the health […]