Financial Planning for Young Adults

Your whole life is ahead of you with so many great possibilities, but with financial concerns such as credit card debt, high student debt, mobile phone bills and unaffordable housing it’s hard not to live for the now without too much thought of the future. However a few small steps could really change how you save and spend money and make a big difference to your financial future

Consider Some Of The Following Financial Goals

Saving For Paying Off Starting Up
A First Home Credit Cards An Investment Portfolio
An Overseas Holiday Educational Debts A New Business


Now is the perfect time to make a few changes to how you manage your money, such as:

  • manage and reduce your debt
  • save more, spend less and invest the difference
  • plan for your future; your expenses, your growth

A financial planner can help you to work towards these goals without having to make major changes to your lifestyle.

Financial adviser in NewcastleTake Jenny, for example.¹ Jenny is 24 years old and is working full time as a production coordinator. She earns $55,000 per year, but is juggling debt on several fronts with a couple of credit cards, with limits of $5,000 and $2,800, a car loan and escalating mobile phone costs. The credit cards are Jenny’s biggest challenge. She pays more than the minimum monthly repayments but feels she’s never completely on top of the situation. Jenny would love to own her own home, but is unsure how to start saving for a deposit with her current level of debt.

It's a fine balancing act when it comes to managing a family, especially when helping with your children's future, their education, first car, house deposit or even wedding, whilst also considering any long term care of elderly parents. Our Newcastle financial planners will help to assist you set your goals and create a solid financial plan whilst maintaining family balance. We believe that getting proper financial advice at an early family stage is critical to you and your children’s financial well being.

A financial planner will work with Jenny to determine her short, medium and long term
financial goals and design a plan that sets out how to achieve them.

This could cover:


unforseen circumstances

  • managing Jenny’s cash flow with an aim to reduce her debt
  • putting investment strategies and solutions in place to maximise her wealth
  • ensuring Jenny has the appropriate insurance to protect herself from any

If you are interested in ‘saving for’, ‘paying off’ or ‘starting up’ then make time to see a financial planner today.

The average credit card debt for people aged under 30 is $2,800, while the average HECS debt is $10,580².


Protecting Your Family

Our Newcastle financial planners can help make long term plans for you and your family whilst ensuring that you are protected from unforseen circumstances, such as unemployment, illness or even death which may have a dramatic effect on your family.


Our Newcastle financial planners can help you to co-ordinate a financial plan and discuss your likely budgets needed to achieve your goals. It's also worthwhile to make your children aware of the importance of saving and financial planning at a young age.

Your Newcastle financial planner can recommend some ways to incorporate financial planning for your family. Our partners have over 40 years of accounting and investment experience and have their own experience of managing a young families finances.

Call our team today on 02 4926 2300

Best Financial advice Newcastle


1 The case study is illustrative only and is not personal advice. 2. AMP.NATSEM Income and Wealth Report Issue 17. July 2007

Disclaimer: The information contained in this document is based on information believed to be accurate and reliable at the time of publication. Any illustrations of past performance do not imply similar performance in the future. This information is of a general nature only. It is not intended as personal advice or as an investment or consumer credit recommendation, and does not take into account the particular investment objectives, financial situation and needs of a particular investor. Before making an investment decision you should see your financial adviser to assess whether the advice is appropriate to your individual investment objectives, financial situation and particular needs.