Finder’s 2025 Financial Fitness Challenge is here!
Take the challenge for 2025 to sort out your household bills and save $13,722* over 1 year.
Finder's New Year Financial Fitness Challenge is here to help you crush your money goals!
The rising cost of living continues to hurt our financial wellbeing, with Finder research showing nearly half (48%) are living pay cheque to pay cheque, while 78% of us are stressed with our current financial situation.
Why do Finder's FREE 2025 Financial Fitness Challenge?
It's quick – each module will only take you about 10 minutes to complete.
It's free – there's no cost to you, and no obligations to sign up for anything.
It's easy – you'll complete just 8 short modules, covering areas like budgeting, credit cards, insurance, home loans and more!
It's putting money back in your pocket – each module represents a chance to save you money.
Hey there! To get the most from the Financial Fitness Challenge you need to be a Finder member. It's free and easy to sign up, so do it now!
How much could you save by taking the challenge?
The average renter could save potentially $3,810* over a year, while the average homeowner could put a whopping $13,722* back in their pockets each year.
That could cover your next family holiday; create a rainy day fund; go towards the purchase of a car; or help you reach any of your other financial goals.
* Based on total average savings calculations from each of the modules by comparing the average price with the cheapest options on the market:
Mobile phone: $156 saving per year based on average mobile plan of $51 per month compared to the average cost of month-to-month mobile plans on Finder.
Credit cards: $600 saving per year based on average monthly credit card spend of $2,508, and Finder's Points to Dollar calculator for Qantas Frequent Flyer.
Savings: $1,094 saving per year based on average savings of $35,166, comparing average interest rate of 2.5% p.a. and top rate of 5.5% p.a. over 1 year.
Home loans: $8,857 saving per year based on the average home loan of $626,052, the average variable interest rate in Finder's database of 7.48%, compared to the lowest variable rate on Finder of 5.94%, paying principal and interest.
Energy: $660 saving per year based on a 12-month energy saving calculation taking the average of the most expensive single rate electricity plans estimates across each state per quarter, compared to the average quarterly bill from Finder's Consumer Sentiment Tracker.
Broadband: $277 per year saving based on the average spend of $912 per year compared to the cheapest of $648 per year (NBN fixed line).
Car insurance: $496 saving per year based on the average cost of comprehensive car insurance of $1,358 and the lowest average policy of $862 across 33 policies.
Home insurance: $1,055 saving per year based on building value of $873,736, contents of $100,000, comparing the average home insurance cost $181 per month compared to the cheapest average across each state of $93 per month.
Health insurance: $683 saving per year based on comparing average gold hospital premium of $219.35 per month and lowest gold hospital premium of $162.44 per month.
I would like to join a health insurance that’s like a car insurance, no matter what car I hit (e.g. Rolls Royce or Hyundai Getz) I pay my excess and both cars are repaired. With health insurance if I have an operation, I pay my excess and I still get bills in the mail to cover a gap no matter if I get the biggest and best cover, can you help?
Finder
TimMarch 7, 2024Finder
Hey Steven,
Unfortunately hospital insurance doesn’t have a completely comprehensive option where you’ll never ever have to pay a gap. This is just due to the fundamentals of how health insurance is designed in Australia.
However, the Health Insurance Ombudsman tracks the percentage of procedures each health fund offers with either a ‘known gap’ or ‘no gap option’. No gap is when there is no out of pocket payment, and known gap means you’ll know the gap ahead of time. You can find that information at the Ombudsman’s state of the health funds report – the latest is here. If you can switch to a health fund with the highest no gap percentage (currently that’s HBF) you might find you have less out of pocket costs.
More generally, I’d recommend you call your health fund ahead of any major procedure or hospital admission and get them to confirm your options, and whether there’s a no gap or known gap option for a particular service. You may need to use a medical practitioner that’s part of their network.
Hope that helps!
Tim
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I would like to join a health insurance that’s like a car insurance, no matter what car I hit (e.g. Rolls Royce or Hyundai Getz) I pay my excess and both cars are repaired. With health insurance if I have an operation, I pay my excess and I still get bills in the mail to cover a gap no matter if I get the biggest and best cover, can you help?
Hey Steven,
Unfortunately hospital insurance doesn’t have a completely comprehensive option where you’ll never ever have to pay a gap. This is just due to the fundamentals of how health insurance is designed in Australia.
However, the Health Insurance Ombudsman tracks the percentage of procedures each health fund offers with either a ‘known gap’ or ‘no gap option’. No gap is when there is no out of pocket payment, and known gap means you’ll know the gap ahead of time. You can find that information at the Ombudsman’s state of the health funds report – the latest is here. If you can switch to a health fund with the highest no gap percentage (currently that’s HBF) you might find you have less out of pocket costs.
More generally, I’d recommend you call your health fund ahead of any major procedure or hospital admission and get them to confirm your options, and whether there’s a no gap or known gap option for a particular service. You may need to use a medical practitioner that’s part of their network.
Hope that helps!
Tim