• Personal
  • Employers
  • Advisers
  • Calculators & forms
  • News Hub
  • Contact us
QSuper QSuper
  • Products
    • Why QSuper
    • Can I join QSuper
    • Investment options
    • Fees
    • Financial advice
    • Compare us
    • Insurance
    • Account types
      • Accumulation account
      • Transition to Retirement Income account
      • Retirement Income account
      • Lifetime Pension
      Why QSuper?

      A focus on strong performance

      More reasons to feel good
  • Super
    • Grow your super
      • Salary sacrifice
      • Super co-contribution
      • Voluntary contributions
      • Spouse contributions
      • Contribution caps
      • Tax deductions
    • Consolidate your super
    • Find your lost super
    • Changing jobs
    • Nominate beneficiaries
    • Early access
    • Seminars and education
  • Retirement
    • Why retire with QSuper
    • Retirement accounts
      • Transition to Retirement Income account
      • Retirement Income account
      • Lifetime Pension
    • Retirement planning
      • Make your super last in retirement
      • The Age Pension and Super
    • How much super do you need to retire
    • Access your super
      • When can you access your super
      • Withdraw your super
    • Seminars and education
      Award-winning

      Money magazine’s Best Retirement Innovator 20232

      Find out more
  • Investments
    • Investment options
      • Lifetime
      • Moderate
      • Balanced
      • Socially Responsible
      • Aggressive
      • Cash
      • Diversified Bonds
      • Australian Shares
      • International Shares
      • Self Invest
    • Performance
      • Overview
      • Graphs
      • Unit prices
    • Online investment advice
    • Compare options
    • Change your investment options
    • How QSuper invests
    • Investing your super
  • Insurance
    • Insurance options
      • Income protection
      • Total & permanent disability cover
      • Death cover
    • How much insurance cover do you need
    • Change or cancel your insurance
    • Make an insurance claim
  • Advice
  • Calculators & forms
  • News Hub
  • Contact us
Join
  • Call
Join Log In - Open navigation
Member Online

Forgot username?
Forgot password?
Register

Navigation

QSuper
  • Personal
  • Employers
  • Advisers
  • Search
  • Join Log In
  • Products Expand
    • Why QSuper
    • Can I join QSuper
    • Investment options
    • Insurance
    • Fees
    • Financial advice
    • Account types Expand
      • Accumulation account
      • Transition to Retirement Income account
      • Retirement Income account
      • Lifetime Pension
    • Compare us
  • Super Expand
    • Consolidate your super
    • Grow your super Expand
      • Salary sacrifice
      • Super co-contribution
      • Voluntary contributions
      • Spouse contributions
      • Contribution caps
      • Tax deductions
    • Find your lost super
    • Changing jobs
    • Nominate beneficiaries
    • Early access
    • Seminars and education
  • Retirement Expand
    • Why retire with QSuper
    • Retirement accounts Expand
      • Transition to Retirement Income account
      • Retirement Income account
      • Lifetime Pension
    • How much super do you need to retire
    • Retirement planning Expand
      • Make your super last in retirement
      • The Age Pension and Super
    • Access your super Expand
      • When can you access your super
      • Withdraw your super
    • Seminars and education
  • Investments Expand
    • Performance Expand
      • Overview
      • Graphs
      • Unit prices
    • Investment options Expand
      • Lifetime
      • Moderate
      • Balanced
      • Socially Responsible
      • Aggressive
      • Cash
      • Diversified Bonds
      • Australian Shares
      • International Shares
      • Self Invest
    • Online investment advice
    • Compare options
    • Change your investment options
    • How QSuper invests
    • Investing your super
  • Insurance Expand
    • Insurance options Expand
      • Income protection
      • Total & permanent disability cover
      • Death cover
    • How much insurance cover do you need
    • Change or cancel your insurance
    • Make an insurance claim
  • Advice
  • Your account Expand
    • Super Expand
      • Transactions
      • Statements and History
      • Investments
      • Performance
      • Financial Advice
      • Insurance
    • Profile Expand
      • Personal details
      • Security
      • Authorities
      • Employer
      • Beneficiaries
    • More Expand
      • Contact us
  • Calculators & forms Expand
    • Superannuation & Retirement Calculators Expand
      • Super and retirement planning calculators
      • Retirement planning
      • Insurance
      • Maximise your super
      • Savings
      • Investing
    • Forms Expand
      • All
      • Forms for claims, withdrawals, and transfers out
      • Forms for deposits, contributions and transfers in
      • Insurance forms
      • Investments
      • Transfer
      • Other forms
    • Publications Expand
      • PDS
      • Guides
      • Annual reports
      • Factsheets
      • Other publications
      • Target Market Determination
  • News Hub Expand
    • Category Expand
      • News
      • Superannuation
      • Retirement
      • Finances
      • Investments
      • Community
      • Wellbeing
      • Employer
  • Contact us Expand
    • Email QSuper
    • Language assistance
    • Browser support
    • Formal enquiries and complaints
    • FAQs – Frequently Asked Questions

News Hub

All Articles News Superannuation Retirement Finances Investments Community Wellbeing
News Hub Employer

Take a simple financial health check-up

Finance
19 August 2021 5 min read

This spring, give yourself an annual financial health check, including your superannuation, to make sure you’re on track to achieve your ideal retirement.

Mother and children playing hula hoop outdoors

Just like regular checks to maintain your health, the start of a new season may be an opportunity for you to review how you’ve done money-wise over the past 12 months and plan for the year ahead.

How to check your financial health

As a result of the coronavirus pandemic, a lot may have changed in the past financial year for you. It may be helpful to start your financial check by analysing where you have come from and where you are heading financially.

Identify your goals

You may have made significant progress on your financial goals in the past year. Perhaps your goals have changed. You could analyse how your finances have performed against your goals and what may have impacted your success.

Evaluate changes in your personal situation

You might consider if there have been changes in your personal situation in the past year, or if there may be some in the near future? This may include getting a new job, getting married, growing your family, buying a house, getting a divorce, or retiring.

You may need to adapt your goals as well as your spending, saving and your investments. Giving yourself the opportunity to revise your goals as your life changes, and time to adapt to any changes, may help you feel confident about maintaining your financial health.

Steps that may improve your financial health

Just as you may commit to make changes to improve your health in your traditional New Year resolutions, committing to small steps has the potential to help you improve your financial situation all year.

Here are 5 steps that may help you feel more confident you are keeping your finances healthy

1. Save small amounts Show content

A large goal may seem too difficult to reach, so you could break down your savings into small, bite-sized chunks. Many people don’t realise just how small changes can add up over a year. Saving $10 a week means you have more than $500 extra by the end of the year.

Here are 10 ways to save money.

2. Become an investor Show content

Whether it’s boosting your super by an extra $10 or $20 a week above the compulsory contribution employers make, or starting a small investment portfolio outside of super, investing a little money can be a way to improve your future financial health.

Inside super, depending on your circumstances, salary sacrifice may be a beneficial way to save because of its tax benefits.

3. Get super smart Show content

Superannuation rules may change, so it’s vital to know how they may impact you. There’s also plenty of free super information available. The Australian Securities and Investments Commission’s moneysmart website1 has information and calculators to help you predict how your nest egg will grow. You can also access our calculators and seminars to help you get the most out of your super.

4. Seek support Show content

Professional guidance can give you the knowledge you need to help you make confident choices today so you’ll have the finances you need to live the life you want in the future.

As a QSuper member, you have access to online advice or over the phone advice2. Learn more here.

5. Check your progress regularly Show content

Once you’ve set your financial goals, you can help ensure your financial future stays on track by setting aside a small amount of time regularly to check your bank and super accounts, spending and progress.

There are a couple of ways you can check if your super is on target, such as comparing your super balance with the average of other people of the same age, or by looking at the estimated balance you should have at each age to achieve a comfortable retirement.

Heart

How to stay on top of super

Simply log in to Member Online or download the QSuper app

 


1. ASIC, Moneysmart, Free calculators, tips, and guidance, accessed 8 June 2021
2. Deciding what is best for you will depend on your personal circumstances and you may want to seek personal financial advice to get the most from your superannuation. You can find out more about financial advice options at qsuper.qld.gov.au/advice

Related Content
man at home doing finances How you may save money this financial year
11 Sep 5 MIN READ

10 simple saving measures to support your financial health.

Read more
Lifestyle Finance
IF YOU ENJOYED THIS ARTICLE, YOU MIGHT ALSO LIKE...
man at home doing finances How you may save money this financial year
11 Sep 5 MIN READ

10 simple saving measures to support your financial health.

Read more
Lifestyle Finance
How to protect yourself from scams Protecting yourself from scams
20 Nov 5 MIN READ

Keeping your super account safe is our priority but there are also ways you can reduce your risk of falling victim to an investment scam

Read more
Finance Superannuation
Paperwork Get the most out of your tax-time entitlements
09 May 5 MIN READ

Get the most out of your super contributions and entitlements this tax time.

Read more
Finance
employees clapping Is super paid on bonuses?
22 Jun 5 MIN READ

Do you typically receive a bonus payment from your employer? Find out if you are entitled to have super paid on your bonus amount.

Read more
Superannuation Career
All Articles News Superannuation Retirement Finances Investments Community Wellbeing
  • Our products
    • Why QSuper?
    • Investment options
    • Fees
    • Insurance
    • Financial advice
  • Super & retirement
    • How much do you need?
    • Grow your super
    • Consolidate
    • Changing jobs
    • Seminars
    • Access your super
  • Investments
    • Performance
    • Unit prices
    • Graphs
    • Compare options
  • Calculators & Forms
    • Calculators
    • Forms
    • Publications
    • PDSs
    • TMDs
    • Member Outcomes Assessment
  • Contact us
    • 1300 360 750
      Mon-Fri 8.00am to 6.00pm AEST
  • About us 
  • Careers 
  • Sitemap 
  • Privacy 
  • Security 
  • Disclaimer 
  • Terms and conditions 
  • Disclosure 
We're part of Australian Retirement Trust
2020 awards
Facebook Twitter LinkedIn YouTube