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How much do you really know about managing your money?

Money
Source: AAP

Do you know the exact value of your super? The Financial Capability website - managed by the Australian Securities and Investments Commission - says only 35 per cent of us do. Do you understand the concept of diversification? Only 40 per cent do. How many of us pay our credit card balance in full every month? 59 per cent. It means many Australians are missing out on growing their wealth; so in this special report we find out the basics of what you need to know about money.


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Updated

By Ricardo Gonçalves

Source: SBS



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Do you know the exact value of your super? The Financial Capability website - managed by the Australian Securities and Investments Commission - says only 35 per cent of us do. Do you understand the concept of diversification? Only 40 per cent do. How many of us pay our credit card balance in full every month? 59 per cent. It means many Australians are missing out on growing their wealth; so in this special report we find out the basics of what you need to know about money.



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