Phone:(08) 9293 2922
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Planning for Families and Singles

(Information for the Gen X and Gen Y's)

No matter if you are only just starting out in the workforce or you have been working for a while, it is never too early (or late) to start financial planning.  

Financial Advice is important at all stages of life.  There are aspects of financial advice you need to consider to protect you and your family.

Budgeting

Understanding how much you earn vs how much you spend might seem straight forward but for many people, the temptation to spend everything they earn (and in some cases more) is a lesson which is often learnt the hard way. 

Through our Budgeting program we can help you to gain control of your finances and save for your future.  Regardless of whether you are single, married, starting a new family or merging a new one, Budgeting is an important financial tool to learn.

If you are looking to gain control of your spending and learn ways to start saving money, then call us to arrange a meeting.  piggy-bank-2-1377923.jpg

Click here to find out more about our Budgeting program.   

Superannuation

Superannuation is a must have for everyone.  Superannuation is effectively a forced savings mechanism.  It helps us to put money aside fot later in life when we are no longer working full time.  How much you need in your Superannuation savings will depend on a number of factors, including, (but not limited to); how old you are now, if you are nearing retirement age, how much you earn, how you plan to spend your retirement years, how long you are likely to live for, when you plan to retire and if you will qualify for any pension or allowance? 

We can help you ascertain HOW MUCH money you will need in your Superannuation account for your retirement, as part of a comprehensive Finanancial Plan. 

You may also be interested in information about Self Managed Superannuation Funds.  For more information contact us or find more information here.

Insurances

Most people are comfortable with the idea of insuring their possessions such as a house or car, but not as many people realise the value of life insurances.


Call Benchmark Consultants on 9293 2922.

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Five financial moves to make in your 40's

In your 40s? Here’s what you need to consider to financially get ahead.

Being in your 40s often involves balancing many responsibilities that it becomes easy to neglect your own financial wellbeing. But it’s not too late to secure your future. Here are some tips that may help you financially make the most of your 40s.

1. Create a plan

If you don’t have a financial plan, it’s time to get one. Ensure that it’s based on your needs and priorities. By working with a professional adviser, you may be able to tailor a plan that helps you optimise your ability to save and invest.

2. Grow your savings

Your 40s could be your peak earning years, so it may be a good idea to ramp up your savings and funnel some of your income into your superannuation or investment accounts. But be sure to do your homework and consult with a professional financial adviser about your options.

3. Give your super a health check

A quick super health check may help you optimise your retirement savings. For example, by choosing a different investment option or type of risk, you may be able to earn better returns on your super. If you have multiple funds, consolidating your accounts may help you save on fees. Again, seek advice from a professional adviser before acting.

4. Avoid lifestyle creep

People generally have a tendency to inflate their standard of living as they earn more and can afford more things, such as a better car or house. While it’s only natural to want the finer things in life, you’ll likely end up with little to no financial gain if your spending rises as quickly as your income. Try stick to your long-term financial goals and remember the big picture.


5. Consider investing more

Your 40s may be a good time to invest more – or diversify your investments – to help you grow your long-term savings. But keep in mind that it’s important to choose instruments that suit your risk appetite and time horizon. Developing a strategy with your financial adviser might make it easier achieve the return required to reach your financial goals.

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