Young Adult: Foundation

Entering the work force is usually the first step toward financial independence. It is also the best time to develop sound financial habits by preparing a budget, establishing a saving pattern, setting financial goals, and following a wise borrowing strategy.

Young adults face the task of learning how to manage spending and saving within the constraints of their income levels.

Managing your money properly can make a big difference to your lifestyle both now and into the future.


Many older clients, approaching retirement, wish they’d started at your age – Why? Simply because they have not attained the retirement lifestyle they thought they would.

  • Your first superannuation account
  • Government co-contribution
  • Making an investment choice
  • How can you keep adding to your super if you begin a family or stop working?

From time to time the government makes changes – the Government co-contribution scheme is an example of this – which can help boost your super by up to $1,500 each year!

  • Changes and opportunities
  • Minimizing tax

Even at this early stage in your life, there are a couple of issues you need to think about:

  • How much will you need in retirement?
  • Define your lifestyle and financial goals and objectives for now and for later.

Make a commitment to a savings plan and sound investments are important factors in growing your wealth.

  • What is your savings goal?  A car, holiday or home deposit
  • Gearing
  • Cashflow management
  • Paying for or paying off university/personal loans

As you work hard to build your assets, you should think about protecting them in case something goes wrong.   Insurance is a really important part of your financial plan and there are a number of different types of cover you can consider:

  • Income protection
  • Trauma insurance
  • Life insurance
  • TPD

Whilst it may be as existing as watching the grass grow, this matter should be discussed with your financial adviser so that you can get the most out of your financial plan.

  • Investment reporting for personal tax and Capital Gains Tax (CGT) issues
  • Debt management strategies ie: set up an offset account/debt consolidation

Your growing career is important and you should make sure you are still on track to meet your financial goals and objectives as you change jobs.

  • Managing your income and expenses
  • Re-assessing your goals
  • Keep track of your super
  • Take advantage of employer provided benefits

In the event of a worst case scenario, what will happen to the assets you have accumulated?

  • How do you make sure your assets goes to who you want them to?
  • Superannuation – Binding nominations versus a Trustee decision – what’s the difference?
  • If something happens to you, who will look after your children?

We can assist in planning for your financial future and help you work through your financial goals and objectives to identify the options available as well as provide you with tailored solutions.

You increase the likelihood that you will achieve your financial goals and objectives by taking control.

Investment Options (Aust) is pleased to offer you an obligation free 1 hour consultation where you are provided with an opportunity to meet the Adviser; discuss your financial goals and needs; ask questions about the services we provide; and be advised of our associated fees for service. Please note that no financial planning advice, specific to your needs, will be provided at this meeting.

No obligation, just an offer to see how we can assist.

Please call our office on Ph. 07 4775 5199.

We are proud to be a part of the Townsville community…your community.