Young and Independant

(AGE 20 TO 35)

This is the best time to get started.

You've just started your career, renting or saving a deposit for your first mortgage, paying off personal/car loans, or saving for planned overseas trip. Many young people think that it's too early to be thinking about their financial future as they don't think of the future at this time in their life, but this can be the best time to get started as you have very little financial obligations.

Issues that have been identified, that may be appropriate for you:

• Understand how much you are spending as opposed to how much you really need to live and where you can save. Start to create a budget.
• Start a regular saving plan, even if you can only save a small amount per month.
• Look at your investment options. Time is in your favour.
• Debt (credit cards, personal loans etc.) is hard to stay away from when you are young. Learn to manage credit properly.
• When you get a home loan, make sure you structure your debt wisely, borrow within your means.
• Make sure you have the right protection in place, just imagine that you have just purchased you first home and you can't work due to sickness or accident ever again.

At Quest FP we can talk you through the options, benefits, and how to best structure insurance ownership, starting an investment portfolio, implementing a recommended super strategy to start achieving your financial goals and protecting your financial obligations.