Overview
Your financial wellness
Understand your financial wellness Budgeting Debt Savings Protection Workplace Workout Women & money
Feel good with Fidelity
Feel good with Fidelity
Understand your financial wellness Budgeting Debt Savings Protection Workplace Workout Women & money
Useful information
Your money, your future
When you’re starting out in life, you’ve got lots of potential priorities – such as building your career, getting married, starting a family or even buying a house. Day-to-day life can be pretty busy, which makes it tricky to plan too far ahead.
Perhaps that’s why many of you under the age of 40 say you struggle to plan more than a few months ahead. The result? A lower level of confidence in your savings compared to older people, and ultimately less confidence that you’ll be able to reach even your shorter-term goals*.
*Source: The Fidelity Financial Wellness Tool, 2024.
Don’t sweat it: 4 quick wins to get ahead
Your employer has enrolled you into our programme because they care about your financial wellbeing. And, as your Retirement Savings provider, we’ve got plenty of tools and guidance you can use to help you get your finances sorted. We’ve done the groundwork for you – so take advantage of our plan-ahead hacks.
1. Download your budget planner
Keep track of your regular outgoings (things like monthly bills, rent or mortgage payments and groceries) on a monthly basis, using our handy budget planner. It’ll help you find out exactly how much you’ve got left each month to put towards your goals.
Get your budget planner now2. Aim for the right split
Once you’ve listed your expenses, group them into high-level categories. Our experts recommend using the 50/15/5 guideline:
- 50% for essential expenses
- 15% for retirement savings (including employer contributions)
- 5% for emergency savings
- Use the rest however you’d like.
3. Keep any spare cash in a separate account
If you find you’ve got money left after budgeting for your regular expenses (even if it’s just $30), consider opening a separate account for your most immediate short-term goals - like your next holiday. That way, it’ll be easier not to touch the money. Just make sure the account is readily accessible.
4. Check your retirement savings Plan for your long-term goals
Your workplace retirement savings Plan is here as a starting point to support your long-term goals. Just log into PlanViewer to check how much you’ve got. The sooner you start investing, the better it is for your money. Use our tools and content below to discover how to make the most of your Plan.
Check how much you’ve got in PlanViewer
Get more out of your Plan
Time is money
The sooner you invest the more you could end up with. It’s all down to something called ‘compounding’.
Even small amounts matter - calculator
Since your money will be working for you over a number of years, upping the amount you save by just 1% could make a big difference to your pot.
Download the PlanViewer app
Conveniently stay on top of your savings by putting them in the palm of your hand.