Life Stage - Young and Starting Out
When you're young and starting out, there are some important financial principles that you should consider.
- Income Protection Insurance - Everyone knows that insuring your car is important, but many people neglect to insure their most imporant asset - their income. Income Protection insurance is a type of cover that insures your earnings capacity, by paying up to 75% of your gross salary should you be unable to work for a period of time due to illness or injury. We can protect your lifestyle by putting appropriate Income Protection cover in place.
- Starting a Savings Plan - When you're starting out, saving can be difficult to do. But we know that, due to the power of compoinding, the sooner you start saving and investing, the more you'll have to show for it later on. Setting up a savings plan is a disciplined way of investing and can be tailored to help you meet future plans, whether you're saving to build wealth, for a new car, a holiday or a home deposit.
- Budgeting and managing cashflow - One of the simplest financial planning lessons is that careful budgeting can help you save money and meet your goals sooner. We can help you review your budget and find areas where you may be able to save a little extra.