Essential Personal Finance Skills for Millennials

Money skills weren’t taught in school. But they determine more about your life than most of what was.

📚 Here’s your curriculum — the essential personal finance skills everyone should develop. I’ve written detailed guides on most of these (linked below).

✅ The Essentials

🔑 These are the foundation. Master these first:

• 🏦 Choosing the right bank accounts — zero fees, high interest, smart structure

• 💰 Creating a household budget — knowing where your money actually goes

• 📊 Tracking daily expenses and net worth — visibility creates control

• 💳 Paying off debt faster — escape the interest trap

📈 Building Wealth

Once the basics are sorted:

• 👵 Choosing the right super fund — fees matter more than performance

• 📈 Basic portfolio management — growing your money intentionally

• 🏠 Budgeting for rent and deposits — preparing for big moves

🛡️ Protection & Insurance

Boring but essential:

• 🛡️ Life insurance decisions — who needs it, how much, and why

• 🏥 Health insurance navigation — cutting through the confusion

• 📈 Checking your credit score — know where you stand

🧾 Tax Optimisation

Keep more of what you earn:

• 📝 Conquering your tax return — an Aussie guide

• 💼 Tracking work-related deductions — maximise your refund

• 💰 Superannuation tax deductions — turn DIY contributions into tax savings

🔑 Life Skills

Because money isn’t everything:

• 🍳 Cooking 10 meals under $10 — budget eating that doesn’t suck

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🎓 Advanced Topics (Coming Soon)

For when you’re ready to level up:

• How to manage index fund investments
• Property investment fundamentals
• Managing your mortgage effectively
• Using line of credit accounts

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🏁 The Takeaway

✅ You don’t need to master everything at once. Start with the basics:

1. Track your spending
2. Build a budget
3. Pay off high-interest debt
4. Start saving automatically

Then expand from there.

🚀 Financial literacy is a skill. Skills improve with practice. Start today.