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Seven tools to help women build wealth with confidence
06 March 2025
5 min read
Women are already skilled at juggling the complex demands of modern life. It’s a small shift to apply that can-do attitude to boosting your financial knowledge and confidence. Use these seven digital tools to take charge of your financial future, step by step.
To mark International Women’s Day this year, we want to encourage all women to utilise their strengths when it comes to setting themselves up well financially and building the confidence to invest in their financial future.
Our research shows women are more likely than men to want help setting financial goals. They’re less likely to be able to afford advice, but they're also more comfortable accessing advice from reputable sources online, with 70% of women saying they’re happy to do so. And with 85% of advised Australians on track to reach their financial goals, that can make all the difference.
So to help address this need, we’ve developed an easy-to-follow, step-by-step visual guide outlining seven tools women have at their fingertips to help provide the confidence to take charge of their own financial future.
Take a look and take the first step on your journey to building long-term wealth.
Seven tools & tips to help women build wealth
1 How much do you need?
Use a comparison tool to see how your super compares with others your age.
Tip Longer-term, ASFA’s Retirement Standard shows you might not need as much as you think.
2 Save to invest
Track your spending and set a budget on the government’s Moneysmart budget planner.
Tip Online communities and ‘pay it forward’ groups offer ideas and freebies to make saving easier.
3 Know your super
Download the CFS super app to track your balance and see what you’re invested in.
Tip Small, regular contributions can generate big returns over time in the low-tax super system.
4 Automate savings
Set up some automated payments so you don’t have to save manually. Your banking app or website is a great place to start.
Tip Pre-tax salary sacrifice contributions can simplify this and may reduce your marginal tax rate.
5 Learn about investing
Wealthy Australians tend to educate themselves about investing. Our website offers general information about investment types, diversification and risk; or there are plenty of good books and podcasts available.
Tip Our funds and performance tool can also help you compare investment performance.
6 Start with free guidance
Our customer guidance team offers free consultations if you’d like to learn more about super, investing or how financial advice could help you.
Tip Our guidance team helps thousands of CFS members every month, so find a time to speak with them.
7 Seek advice
85% of advised Australians are on track to reach their goals. Search for an adviser near you (including female advisers if you prefer) on our Find an Adviser site.
Tip You can avoid up-front costs by electing to pay for financial advice directly from your super fund.
What’s next?
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* CFS conducted research on financial advice with 2,250 Australians from October to December 2024.
Disclaimer
Avanteos Investments Limited ABN 20 096 259 979, AFSL 245531 (AIL) is the trustee of the Colonial First State FirstChoice Superannuation Trust ABN 26 458 298 557 and issuer of FirstChoice range of super and pension products. Colonial First State Investments Limited ABN 98 002 348 352, AFSL 232468 (CFSIL) is the responsible entity and issuer of products made available under FirstChoice Investments and FirstChoice Wholesale Investments. This document may include general advice but does not consider your individual objectives, financial situation, needs or tax circumstances. You can find the Target Market Determinations (TMD) for our financial products at www.cfs.com.au/tmd, which include a description of who a financial product might suit. You should read the relevant Product Disclosure Statement (PDS) and Financial Services Guide (FSG) carefully, assess whether the information is appropriate for you, and consider talking to a financial adviser before making an investment decision. You can get the PDS and FSG at www.cfs.com.au or by calling us on 13 13 36.