Friends With Money #16: How COVID-19 has changed the way Aussies spend and save
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Australians took charge of their financial habits during coronavirus lockdowns in 2020.
They became more frugal, increased their savings and paid down debt, according to new research from the Financial Planning Association of Australia (FPA).
Those who didn't make those changes said some basic financial planning could have helped put them in a better position, including building up savings earlier, cutting out non-essential spending, and paying off debt more quickly.
To mark Financial Planning Week, which kicked off on October 4, the FPA is unveiling more of its research, including how Aussies felt about their money in 2020, and how the coronavirus crisis has changed their approach to money.
In this episode of the Friends With Money podcast, managing editor Julia Newbould is joined by FPA chief executive Dante De Gori, to talk about the importance of financial planning, why we need access to credible information, and why he's optimistic about the spending habits of everyday Aussies.
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Friends With Money podcast FAQ
What is the Friends With Money podcast?
Friends With Money is a weekly personal finance podcast by Money magazine, offering expert insights on investing, budgeting, superannuation, property, and other money strategies for everyday Australians.
Where can I listen to the podcast?
You can listen on Apple Podcasts, Spotify, or YouTube (with closed captions available).
Who hosts Friends With Money?
Episodes are hosted by Vanessa Walker and Tom Watson from Money magazine, featuring expert guests and real conversations about money.
Is the podcast suitable for beginners?
Yes! It's designed to be accessible for beginners while still offering valuable insights for seasoned investors.
What topics does the podcast cover?
The Friends With Money podcast covers topics including banking, property, budgeting, superannuation, investing, saving, insurance, employment, travel and more.
How often are new episodes released?
New episodes are released weekly, so you can stay up to date with the latest financial tips and trends.
Can I watch episodes with captions?
Yes, full episodes with closed captions are available on YouTube.
Why subscribe to the Friends With Money podcast?
Boost your financial literacy anytime, anywhere with the Friends With Money podcast from Money magazine. Whether you're commuting, working out, or relaxing at home, this weekly podcast makes it easy to grow your money knowledge on the go.
Each episode dives into real conversations about money - how it's earned, shared, saved, and grown - with tips and insights that make finance simple and relatable. Perfect for beginners and seasoned investors alike, it's your go-to guide for building better financial habits.
Subscribe to the Friends With Money podcast today and start learning when it suits you.
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