Maximising Your Finances In Your 20s And 30s
Financial decisions you make in your 20s and 30s can set you on a pathway to financial empowerment and freedom.
4 simple strategies that may assist you on your journey to financial empowerment
1. How to use your super to purchase your first home
- Did you know Super can help you save quicker for your first home?*
- The First Home Super Saver Scheme (FHSS) allows you to save money for your first home inside your super fund.
- You can apply to release your voluntary contributions along with associated earnings, to help you purchase your first home. Note you must meet the eligibility requirements to apply for the release of these amounts.
Learn more about the First Home Super Saver Scheme (FHSS).
2. Creating a financial blueprint
- Do you know where your money is going each week?
- What is the best investment to make – buying shares or saving for a home?
3. Super Investing
- Do you know how your super is invested?
- Did you know that super “for most Australians is likely to be their biggest investment outside the family home?”**
- Do you know how your super is performing?***
4. Personal insurance
- What would you do if you were injured on holidays and couldn’t work?
- Did you know most super funds can provide income protection?
We can help you maximise your finances
Are you wanting to maximise your finances now? At MBA Financial Strategists, we can help you move towards financial empowerment early. Book an appointment with a financial planner today.
Sources: *First Home Super Saver Scheme Australian Taxation Office
** https://www.superguide.com.au/comparing-super-funds
***Superannuation calculator – Moneysmart.gov.au 3% vs 7%, MySuper funds list – Moneysmart.gov.au Risk low to high
MBA Financial Strategists Pty Ltd ABN 13 008 285 756 is an Authorised Representative and Credit Representative of Akumin Financial Planning Pty Limited ABN 89 051 208 327, Australian Financial Services Licencee and Australian Credit Licence No 232 706. This article contains information that is general in nature. It does not take into account the objectives, financial situation or needs of any particular person. You need to consider your financial situation and needs before making any decisions based on this information.
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