In 2025, young Australians are embracing digital tools to manage their finances. A survey by Westpac and NAB in partnership with ASIC revealed that 62% of respondents aged 20–45 use mobile apps to track budgets and expenses, and 48% have opened investment accounts.
Popular tools include expense tracking apps such as Pocketbook and Frollo, investment platforms like CommSec and Stake, and online banking with automatic savings features. Users report that these tools provide real-time visibility of spending, budget alerts, and greater control over personal finances.
Experts highlight that this age group is becoming more financially literate than previous generations. Over 35% of respondents have started investing in stocks or ETFs via digital platforms, while 22% are creating emergency funds to cover unexpected expenses.
“Young adults are eager for financial independence and understand the importance of long-term planning,” said ASIC representative Alan Kirkland. “Digital tools make money management accessible and transparent.”
Additionally, social media is playing a growing role in financial education. Over 40% of respondents follow financial bloggers and educational channels on YouTube, Instagram, and TikTok. Experts warn about verifying sources and avoiding unregulated advice.
Practical tips for young adults:
- Use budget tracking apps and expense monitoring tools.
- Set up automatic transfers to savings accounts.
- Start small with investments and gradually diversify your portfolio.
- Learn from accredited online courses and webinars.
The rise of digital financial habits and independence among young Australians reflects a global trend: adults aged 20–45 are actively pursuing stability and confidence in their financial futures.