With all this going on, it’s easy to not concentrate on your finances and just let it all happen. You don’t want to miss out on any opportunities that may be available. You should consider:
- Managing your debt – eliminate non-deductible debt to help grow wealth
- Boosting your Superannuation – it’s tax effective
- Paying for your children’s education
- Protecting yourself against financial loss
- Protecting your financial legacy
- Building other assets outside the home
These years are where you will be earning a good income and your financial responsibilities may be reducing. Your family may be growing older and you will be thinking of how to cover the costs that are present, as well as how these will change in the years to come. Making a plan will help set yourself up for retirement.