Tomorrow marks the beginning of #febusave, ANZ’s campaign to help chicks be better savers and be more confident with the moola.
And I have to confess, when I heard about it all from Leigh, I felt like that the whole campaign was being put on especially to help ME out.
While I am SO. MUCH. BETTER. with money now than I was ten years ago, I’m still pretty shithouse.
In my first proper job after finishing school (as in, the one where I couldn’t wear jeans to the office), I was getting paid monthly and ended up opening a second transaction account to separate my pay into two halves. That’s how bad I was. And that’s when I was living at home and would scab money from the mothership.
So it goes without saying that I’ve joined the #febusave movement and proudly hung up the little button over there on my side bar. Being a “blog ambassador” sounds so official, I might get it on a business card.
Here’s some official tidbits provided by ANZ and their Women & Money Confidence Report; I can relate to each and every dot point, some from my past, some from RIGHT NOW ZOMG I HAVE NO MONEY SKILLZ:
- 52% of women claimed they know they should have a financial plan or budget in place but keep putting it off.
- Less than one third of women surveyed said they were very confident about managing everyday finances.
- Only one in ten women are very confident in managing their investments, financial planning and superannuation.
- 45% said they had saved less than they planned to over the previous 12 months.
- 2.76 million women (41%) are saving no regular amount monthly
- Top reasons were too many bills, not disciplined to follow a budget, too busy, so put it off
- More than half (58%) of adult women in Australia have less than $5,000 in savings with 33% having less than a $1,000
- 1 in 3 women believe they wouldn\’t last longer than a month if they lost their job tomorrow
- 1 in 4 women are not at all confident about their future financial security, claiming they live pay to pay with little savings
Scary shite, huh? o.O
One of the kick-starts to #febusave was to pledge to give up driving to work/buying treats/buying coffee and well, I’m not exactly willing to give up my car/coke/v for an entire month. Reduction I could do, but going cold turkey? Nuh-uh.
BUT! For the last 4 months or so I’ve fallen right off my budget wagon, with no regular saving or anything like that.
So I’ve re-jigged my colour-coded budget spreadsheet in GoogleDocs for 2010 and re-started auto-transfers of funds to my various debts and savings accounts.
Let’s see where Feburary and #febusave takes us, shall we?