Your Future Self Will Thank You – Start Planning Now
In your 20s and 30s, life often feels full of possibilities—and rightly so. You’re building a career, enjoying your independence, and perhaps earning more than ever before. To this point, managing your finances has largely been about you: what you earn, what you spend, and how you enjoy it.
But life evolves.
Many people in this age group soon take on exciting and meaningful milestones:
- Getting married
- Buying a home
- Starting a family
These aren’t just emotional milestones—they’re financial ones too. And while these steps are incredibly rewarding, they can also place a significant financial load on your future self if you’re not prepared.
Now is the time to plan ahead.
Here’s what you can start doing today:
1. Save with purpose:
Even small, consistent savings now can grow into a meaningful buffer when you need it most. Consider building an emergency fund with at least 3–6 months of expenses and contributing regularly to a high-interest savings account or investment portfolio.
2. Spend intentionally:
It’s okay to enjoy your money—but distinguish between short-term wants and long-term priorities. Cutting back on unnecessary subscriptions, dining out less often, or delaying a major purchase can redirect funds to your future.
3. Create a simple budget:
Track where your money is going. Understanding your spending habits is the first step to making smarter decisions and gaining financial control.
4. Set up your safety nets:
Think about income protection, health insurance, and even early estate planning (like a basic will). These may seem premature, but they can be critical if life takes an unexpected turn.
5. Invest in your financial knowledge:
Take time to understand superannuation, compound interest, and investment basics. The sooner you start, the more you benefit from time in the market.
What are the financial sacrifices worth making now?
Skipping that second overseas trip this year to build your home deposit.
Living with housemates or at home a bit longer to reduce rent and boost savings.
Buying a reliable second-hand car instead of a brand-new one.
Building your credit score by paying off your credit card in full each month.
These choices might feel like sacrifices today, but they’re really investments in your peace of mind tomorrow.
If you’d like a quick chat about where you’re at and what your next steps should be, I’d be happy to help. You don’t need to have it all figured out—but having a plan is a powerful place to start.
Should you require further information about planning for the future please feel free to contact Peter Quinn by submitting an enquiry or calling us on +61 2 9580 9166 to book an obligation-free appointment.
The information in this document does not consider your personal objectives, financial situation or needs, so you should consider its appropriateness regarding these factors before acting on it. It is important that your personal circumstances are taken into account before making any financial decision, and it is recommended that you seek assistance from your financial adviser.