Starting Out
Whether you're studying, working or travelling, living at home or with friends, saving to buy your own place or you have a mortgage, now is a great time to get smart with money.
The choices you make and the habits you form in the starting out stage may impact how much financial freedom you have through the years and even decades ahead.
Your major focus at this stage should be on saving.
| The challenges you may be facing at this stage: |
- Starting a new job
- Funding further education
- Credit card debt
- Moving out of the family home for the first time
- Making significant purchases e.g. car, holidays
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| A Consultum Adviser can help you with strategies to build wealth: |
- Set saving/budget goals to facilitate basic investments
- A start-up insurance plan, including income protection and trauma
- Managing debt
- Make good choices for superannuation
- Centrelink entitlements
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