Starting out

Consumption versus commitments
This stage brings your first job, income and bank accounts. It's also the time of first debts, obligations, rent, credit cards. Here you'll meet the notion of savings via compulsory super, and the dilemma of saving for a home deposit versus travel.

Strategy

A budget is crucial! Living within your means sounds very simple, however the amount of debt we run up in the name of consumption is amazing. Identify the amount you can devote to longer term growth savings and make it regular and disciplined. The earlier you start, the sooner financial independence can be achieved.

Do you need further advice?

Your checklist



 Budget


Determine debt


Savings goals

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