Simple Financial Audit Checklist: Get Your Money Sorted in 2025

By Molly Benjamin 

Ladies taking control of your finances doesn’t have to feel overwhelming. Think of this as a quick spring clean for your money, covering everything from your income to your super. Let’s make sure you’re on track to crush your financial goals and protect your future.

(Bonus tip: Grab your galpal and do this together)! 

Step 1: Know Your Income

• List your money sources:
  Your salary, side hustles, investments, rental income—any cash flow coming in.
• Check the consistency:
  Is it steady, or do you need to plan for months where it fluctuates?

Step 2: Track Your Spending

• Categorise where your money goes:
  Housing, bills, groceries, subscriptions, dining out, etc. Use an app like WeMoney to help or our free budget template. 
• Look back 3 months:
  Any sneaky charges or subscriptions you forgot about? Cancel anything you’re not using!

Step 3: Get Real About Your Savings

• Emergency fund (AKA your ‘OMG fund’):
  Got 3–6 months of living costs saved up? If not, start small and build from there.
• Short-term savings:
  Are you putting money aside for things like holidays, home repairs, or other big-ticket items?
• Long-term savings:
  Are you contributing enough to your retirement fund or investment accounts?

Step 4: Deal With Debt

• Make a list of all your debts:
  Credit cards, personal loans, student loans, mortgages—write it all down.
• Highlight the interest rates:
  Tackle the debts with the highest rates first (they’re costing you the most).
• Check your plan:
  Are you making progress? If not, time to tweak your repayment strategy.

Step 5: Sort Out Your Super

• Check your balance:
  Are you on track for retirement? Use an online calculator to see if you’re contributing enough.
• Look at your investments:
  Are you in the right option for your stage of life and risk level?
• Combine accounts:
  If you have multiple super funds, merge them to avoid paying extra fees.
• Nominate a beneficiary:
  Have you let your super fund know who gets your money if the unexpected happens?

Step 6: Think About Your Will

• Got a will?
  If not, it’s time to sort one out. If yes, is it up to date (e.g., does it reflect your current relationships or assets)?
• Set up a Power of Attorney:
  Someone you trust should be able to step in if you can’t make decisions.
• Link your super and estate plan:
  Make sure your wishes include your super, as it doesn’t automatically follow your will.

Need to chat to an estate planner, let us connect you with one here. 

Step 7: Review Your Investments

• Check your portfolio:
  Are your investments aligned with your goals and risk tolerance?
• Measure performance:
  Are they growing, or do you need to reassess?

Step 8: Check Your Insurance

• Health cover:
  Is your policy up to scratch, or are you paying for things you don’t need?
• Life insurance:
  Does it match your needs (especially if you’ve had big life changes like kids or a house)?
• Other coverage:
  Double-check your car, home, and disability insurance policies.

Need to speak to an insurance broker  - let us connect you with one of our trusted partners. 

Step 9: Set Your Goals

• Short-term (0–1 year):
  Example: Save for a getaway or knock out a credit card balance.
• Medium-term (1–5 years):
  Example: Build your house deposit or upgrade the car.
• Long-term (5+ years):
  Example: Grow your super or invest for future freedom.

Step 10: Take Action

• Streamline your finances:
  Cancel what you don’t use, and shop around for better deals on bills - use our scripts to negotiate a better deal!
• Automate:
  Set up regular transfers to savings or investment accounts—it’s one less thing to think about.
• Focus:
  Pay off high-interest debt first, then tackle the rest.

✅ Boom your done! ✅