If so, you’re probably not the only one.

New research has found that 9 out of 10 Australians harbour some kind of fear when it comes to their finances.

A joint initiative of ANZ and Pacific Magazines, the Australia’s Money Confidence Survey 2013 obtained data from 11,957 Australians to assess their confidence around personal finances.

The report, which defined “money confidence” as “feeling and behaving confidently with money”, found that 93% of Australians are worried.

Even more alarming, a majority of Australians who feel concerned about their finances are not planning to do very much about it.

According to the report, 83% of those who aren’t confident either procrastinate or simply try not to think about it.

ANZ managing director of retail distribution Mark Hand said the research examined how people think and feel about money, and the findings show that many Australians worry about their finances even when things are going well.

“We understand these concerns and encourage all Australians to take action to build their money confidence, rather than putting it off or trying not to think about it,” Mr Hand said.

“Speaking with an expert can be the first step in taking control and putting a plan in place which, as we can see from the survey, can make a real difference to our health and wellbeing.

“A proactive plan can also help you make the most of your money and achieve goals faster, regardless of changes to the economy or other factors outside your control,” he added.

While Mr Hand encourages Australians to speak up about their financial woes, only 11% talk with an expert to alleviate financial stress.

If you find yourself struggling with financial or mortgage stress, don’t suffer in silence.

We are well equipped to assess your current financial status – from your savings regime to your current mortgage.

Stop living in fear and tackle your financial fears! We are here to help.

To organise a mortgage health check, or to chat about how you might be able to save on your mortgage, get in touch today.