
My main motivation to create this Posterous account is to use it as part of the ANZ FebuSave campaign http://bemoneyconfident.com/febusave I recently registered to participate in this campaign, together with other amazing Australian business women and bloggers. Antonia Kidman heads up the FebuSave Coaches with a number of supporters.
FebuSave is a fabulous initiative considering the report results regarding women and their finances! It incorporates the internet and the power of social media, giving the program the ability to build a very supportive community for women to take ownership and responsibility for their financial well-being.
The research ANZ Bank undertook prior to the campaign found the following results:
• 58% of women have less than $5,000 in savings and 33% have less than $1,000.
• 56% of Australians do not save money on a regular basis.
• 52% of women claimed they know they should have a financial plan but keep putting it off.
• Only one in ten women are very confident in managing their investments, financial planning and superannuation,and
• Less than one third of women surveyed said they were very confident about managing everyday finances.
Little sacrifices and being smart with your income can make a big difference over time. I’m teaching my children this and they have started early. They put a little of their pocket money and a little of their gift money away, so when they turn 18 they can purchase a car and have the ability to attend interviews, get their first job and have more social freedom. Unfortunately, not every woman has access to money mentors and this is where FebuSave can step in and provide the guidance to so many.
I have pledged to give up 'treats' for the month of February. This will include no purchasing or drinking wine or lattes. Yes, it will be difficult but I know for a fact their will be a financial gain from this exercise and have set a goal. I will be sharing my FebuSave campaign experience here.
The FebuSave movement can be joined on Twitter using the hashtag #febusave or you can join FebuSave on Facebook at http://www.facebook.com/febusave
Don't forget to register http://bemoneyconfident.com/febusave before 1 February to make your pledge and join me this FebuSave!