Where are you now?

Ages

Details

Advice Required

18 to 30

Young and first job with minimal financial commitments, interested in 1st car, holidays and having a good time to moving into relationships with two incomes and having some spare disposable income, possible home mortgage or planning a family. Saving and security for the future is now a higher priority.

Regular savings

Budgeting

Repaying the mortgage

Superannuation

Insurance (life and disability)

30 to 45

This age group covers a wide range. You may now have a mortgage with a young family and possibly back on one income whilst the children are young. Security is of major importance along with your home and the children’s welfare. As the children get older you may again have two incomes and the equity in your home increases as your debts are reduced.

Budgeting
Repaying the mortgage
Superannuation
Regular savings
Insurance (life and disability
Children’s education

45 to 64

As the children leave home and you no longer have dependants you may return to two incomes. The level of your mortgage reduces significantly or is repaid. You are now thinking about more holidays, assisting your children financially and planning for your retirement income.

Superannuation
Regular savings
Retirement Planning

65 plus

You have now finished working are looking for financial security and to enjoy your retirement and perhaps travel.

Superannuation income
Regular income
Retirement Planning
Possible social security advice
What is the first step?