Major Financial Mistakes Australians Make: Insights from Helen Baker

Tuesday, 23 July 2024, 02:19

Helen Baker, founder of On Your Own Two Feet, highlights a significant financial mistake many Australians are making—spending excessively on unused services, which can total up to $1,200 a year. This oversight can severely impact savings, potentially costing individuals their house deposit or a chance for an overseas holiday. Understanding and addressing these expenses is crucial for better financial planning and achieving personal goals.
Daily Mail
Major Financial Mistakes Australians Make: Insights from Helen Baker

Understanding the Financial Mistake

Financial adviser Helen Baker has identified a common money mistake made by many Australians.

The Impact of Unused Services

Many Australians are wasting up to $1,200 a year on services they may not even be utilizing.

  • This unnecessary spending could hinder saving.
  • It might potentially cost individuals their house deposit.
  • It could also limit opportunities for an overseas holiday.

Conclusion

By recognizing and cutting down on these expenses, Australians can make better financial decisions that align with their goals.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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