Young Adults

Posted: April 15, 2024

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At this stage in life it is very important to set the foundations early to make the most of your financial position, allowing you to put aside savings for a holiday, car or house without forgoing the opportunity to have fun and make some memories while you are young.

Generally, as a young adult you will have no dependants, little to no commitments and be gaining financial freedom. It is therefore considered a good time to start getting your financial affairs in order. By receiving some financial advice early in your life, you will be doing your future self a favour.

Some areas of advice worth considering as a Young Adult include:

  • Setting up a regular savings or investment plan,
  • Ensuring your super is invested appropriately and is suitable for you,
  • Putting in place adequate insurance to protect against not being able to earn an income temporarily or permanently as a result of an illness or injury,
  • Having a Will & Enduring Power of Attorney.

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