3 Practical Ways to Build Financial Momentum (Starting Today!)

If you’ve ever felt stuck when it comes to your money — unsure where to begin, overwhelmed by options, or tempted to just keep doing what you’ve always done — you’re not alone. But here’s the truth: real financial empowerment doesn’t come from giant leaps. It comes from small, consistent steps. If you’re a woman ready to take control of your money and build momentum, here are three practical strategies to get started.

1. Invest Regularly (Even in Uncertain Times)

Markets are unpredictable, and trying to “time it right” can lead to analysis paralysis. But the reality is, if you’re working in Australia and contributing to superannuation, you’re already an investor.

To build wealth steadily, consider making regular contributions — monthly or quarterly — to your investments. Whether it’s topping up your super or investing in ETFs or index funds, consistency beats timing. Over time, this helps smooth out market fluctuations and positions you to take advantage of growth when it happens.

And don’t forget to review your investment mix, especially as you get closer to retirement. If you're within 10 years of retiring, it might be time to shift towards more conservative assets. Some super funds even offer automatic life-stage investment strategies that adjust for you — but it’s important to check and take action if yours doesn’t.

2. Make Saving a Habit

Saving isn’t just about discipline — it’s a mindset shift. Start by building a buffer fund (aka an emergency fund) to cover unexpected expenses. Aim for at least 3 to 6 months of living expenses in a high-interest account, somewhere liquid and easily accessible.

Also, save for joy. Whether it’s holidays, a new car, or treating yourself, plan for it. Know how much you’ll need and by when — then break it down into monthly amounts. This makes big dreams feel doable and reduces your reliance on credit cards or loans.

One client wanted to take her kids to New York. By breaking down the total cost and setting a monthly saving goal, the trip became a plan — not just a wish.

3. Review Your Insurances Annually

Most people are shocked by how much they can save just by reviewing their insurances. Health, car, contents, pet, life — it all adds up. Often, we’re overinsured or paying for things we don’t need.

One small tweak to your contents policy — like adjusting portable item coverage — can save hundreds. Another quick win? Call your insurer and ask for a loyalty discount. It works more often than not!

Make this an annual habit. Tie it to a time of year that’s easy to remember — like your birthday or when you check your smoke alarms. Set a reminder and actually schedule the review. This alone could free up hundreds (or thousands) to put toward your savings or investing goals.

Financial momentum doesn’t require perfection — just action. Pick one of these areas to focus on this week. Schedule a money date with yourself. Set a goal. Make a call. Transfer some savings. Your future self will thank you.