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More time at home means many Australians now have the opportunity to re-assess their lifestyle and spending habits and set some serious saving goals. So how can you actually go about it?

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In this episode of The nestegg Podcast, host Grace Ormsby is joined by Melbourne-based Reventon’s Billie Christofi to talk all things finance and the impact of isolation on our hip pockets.

In stage 4 lockdown, Billie shares the importance of going back to basics when it comes to budgeting, methods to re-assess spending habits, and some of the less conventional ways people can boost their wealth at this time.

Thanks Billie, for sharing your insights with the nestegg podcast team!

Have an investment story to share? Get in touch at [email protected] and you might get featured on an upcoming episode!

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How to swipe right for a financial planner

By Cameron Micallef

July 19 2019
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Invest

How to swipe right for a financial planner

By Cameron Micallef
July 19 2019

Financial planning is going through another crisis of reputation, but some are harnessing the same technology used by dating apps to make access to advice simple and transparent.

How to swipe right for a financial planner

By Cameron Micallef

July 19 2019
Share

Financial planning is going through another crisis of reputation, but some are harnessing the same technology used by dating apps to make access to advice simple and transparent.

Speaking with nestegg, Dante De Gori CFP, CEO of the Financial Planning Association, believes it’s easier than ever to get financial advice.

Matches like a dating app

While the fallout from the royal commission continues, 48 per cent of Australians are not getting the financial advice they need, the association said.

To help with this, a new matchmaking app seeks to hook Australians up with someone that can manage their finances.

“The FPA has launched Match My Planner. It’s effectively like a dating app that connects the consumer to a plan. It enables the consumer to have online, via our secure app, to have a discussion with a couple of planners to ask the questions they want to ask before getting advice,” said Mr De Gori.

Financial literacy

The need for a dating-style app has come about due to Australians struggling with financial literacy and not seeing anyone that can help them.

“I think there is data to indicate that it’s below average. It is something that needs to continue to be improved through the education system,” said Mr De Gori.

The issue of pride

The big thing getting in the way for most Australians is pride and having a fear of failure, which stops them sorting out financial distress.

“[Australians] are too proud to admit that they are not sure about whether their financial situation is on track, organised or a complete mess. We sometimes don’t want to open the hood and see what’s under the bonnet and that’s just because we are proud and don’t want to ask for help,” said Mr De Gori.

“Some people see it as I’ve lost or I’ve failed. That is simply not true. You can’t be expected to do every part of life on your own, it’s too big and complicated,” he added.

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About the author

Cameron Micallef

Cameron is a journalist for Momentum Media's nestegg and Smart Property Investment. He enjoys giving Aussies practical financial tips and tricks to help grow their wealth and achieve financial independence. As a self-confessed finance nerd, Cameron enjoys chatting with industry experts and commentators to leverage their insights to grow your portfolio.

About the author

Cameron Micallef

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