Juggling money in middle age
For most Australians, the burden on their finances will be at its biggest when they are in their 30s and 40s, The Advertiser has commented.
As such, it is vital that people find a way to balance things like personal loan and credit card payments, mortgage responsibilities and household food budgets to avoid dropping the ball at this crucial time.
Speaking to the paper, money guru Ian Campbell, managing director of Keyinvest, said that making smart use of savings accounts and other investments can also provide people with a nest egg for future stability.
“Although retirement may not be in front of mind for many, the money invested now can bring outstanding benefits 20 or 30 years down the track,” he commented.
He added that drawing a realistic weekly budget is a key way to set a straight course for family finances.
Last week, news.com.au also urged those who are planning to tie the knot that they may do well to tone down plans for a lavish ceremony in order to avoid running up hefty personal loan and credit card debts.