Media Release

New Year’s resolutions: get financially fit in 2018

  • finder.com.au reveals Australia's top health resolution is to reduce stress
  • Personal debt levels in Australia are at record highs
  • Financial fitness: how to improve your health and money woes in 2018

29 December 2017, Sydney, Australia – With personal debt levels at record highs, one third of Australians are hoping to reduce their stress in 2018, according to new research from finder.com.au, the site that compares virtually everything.

Finder.com.au surveyed 2,017 Australians on their top health goals for the year ahead, and found the top health priority for 2018 is to reduce stress (33%), and the second highest priority was to improve sleep quality (32%).

Bessie Hassan, Money Expert at finder.com.au, says with the average credit card balance coming in at $3,062 and house prices sitting at seven times the average household income, it’s no wonder so many Aussies are losing sleep and want to reduce their stress in 2018.

“Financial stability is one of the biggest contributing factors to our mental health and wellbeing. With a national credit card debt of $51 billion and house prices skyrocketing, many Australians are likely to be experiencing rising financial pressure.”

Women also seem to be more stressed out than men, with 41% looking to relieve stress in 2018, compared to 25% of men.

“We know women are less likely to have a savings safety net in the bank and are more likely to be underinsured, which all contributes to financial stress.”

Finder.com.au tips for improving both your finances and fitness in 2018:

  1. Ditch bad habits. A whopping one in ten respondents (9%) plan on giving up smoking in the New Year.By giving up smoking not only will you save money you’d usually spend on cigarettes but you can also halve your life insurance premium
  2. Make money counting your steps. Some health and life insurance brands will offer discounts and incentives such as bonus frequent flyer points to members for using fitness trackers and wearables.
  3. Are you paying for health cover you don’t need? Only 6% of Australians plan on reviewing their health insurance in 2018. You can save hundreds of dollars each year by switching health insurance policies, and making sure you’re on the right level of cover.
  4. Save on your gym membership. Many health insurers reward loyalty with gym membership discounts, and you can often claim for fitness classes such as yoga or pilates on your extras policy, particularly if they’ve been prescribed by a medical professional.
  5. Clear your debt to get more sleep. Consolidate your credit cards and personal loans, create a budget, and set up a regular savings account to reduce those sleepless nights spent worrying about money.

“Stress can be a huge hindrance and can even create long term health issues. The New Year is a good time to reduce factors contributing to your stress levels, and take up an activity that will help you improve your mental health and encourage better sleep quality,” said Ms Hassan.

“If you feel as though symptoms of stress are affecting your everyday life and you need help to manage them, it’s important to seek professional advice.”

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Disclaimer

The information in this release is accurate as of the date published, but rates, fees and other product features may have changed. Please see updated product information on finder.com.au's review pages for the current correct values.

About us

More than 3 million Australians turn to finder.com.au every month to save money, time and make important life choices. We compare virtually everything from credit cards, phone plans, health insurance, travel deals and much more.

Our free service is 100% independently-owned by two Australians: Fred Schebesta and Frank Restuccia. Since launching in 2006, we’ve helped our users make more than 17 million decisions.

We continue to expand and launch around the globe, and now operate in the United States and United Kingdom. For further information visit www.finder.com.au.

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