Financial goals for 2008

This year Aussies are planning to get rid of their debt, and more than 70 percent have financial goals.

But while it’s good to see thought going into finances, the kinds of goals being made won’t necessarily be of financial benefit in the future, says David Wakeley, CEO of Virgin Money. “More than 50 percent of people said they would put money aside for lifestyle choices like travel, luxury items or the gym, rather than putting some extra money into their super, refinancing their home loan or paying off their credit cards.

“Australians love life’s little luxuries, but they need to realise that by making smart financial decisions, they will be in a better position to afford the lifestyle they dream about.”

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