Financial advice in your 20s and 30s

Everyone has a different trigger that gets them thinking seriously about their finances. It could be saving for a home deposit, starting a family, or maybe landing a big promotion.

Whatever the trigger, you know when it’s time to do something.

But what does ‘something’ look like? And who can help you turn your ‘something’ into something even bigger?

What financial advice can do for you

There’s a common perception that financial advice is only for people who are already established financially. In other words, helping the rich get richer.

However, seeking financial advice is a great way to help people who are starting out get ahead faster.

Some of the common ways financial advice can help you in your 20s and 30s include:

  • Budgeting – making sure you know exactly what’s coming in and going out, so you can identify opportunities to save.
  • Managing your debts – helping you eliminate credit card debt and reduce the amount of non-deductible interest you pay.
  • Investing for your future – putting some of your disposable income into appropriate investments to achieve your goals (e.g. saving for a home deposit).
  • Taking control of your super – ensuring your super accounts are consolidated and invested in a way that will meet your long-term goals, without paying unnecessary fees.
  • Protecting your lifestyle – reviewing any existing life insurance you have and making sure your income is protected in case you become seriously ill or injured.

Not all of these strategies will apply to everyone. But the benefit of seeing a financial planner is that you can get personal advice that’s tailored to you – so you can start ticking off your financial goals.

Now wouldn’t that be something?

Speak with a Financial Planner

IMB Financial Planners are Representatives of IMB Financial Planning Limited ABN 23 094 730 195 AFSL 234 660. IMB Financial Planning Limited is a wholly owned subsidiary of IMB Ltd trading as IMB Bank ABN 92 087 651 974. Australian Credit Licence/AFSL 237 391.

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Important Information

Important Information

This article has been prepared by IMB Bank and contains general information only. It is not intended to be relied on as advice. It does not take into account your objectives, financial situation or needs. You should seek your own legal,  financial, taxation or other professional advice before you make any decisions about your business. Consider the relevant Terms and Conditions or Product Disclosure Statement and Target Market Determination available here before deciding whether to acquire any products or services offered by IMB Bank. Lending criteria, terms and conditions, fees and charges apply to IMB loan products.