Stage: Establishing your financial position
Retirement may seem a long way off, but the benefits of starting early with a savings plan cannot be underestimated. Young singles may have shorter term financial goals, i.e.
Saving for: first home or overseas holiday.
Paying off: credit cards or education debts.
Starting up: an investment portfolio or new business.
Sound financial planning means you can work towards your goals without it having a major impact on your lifestyle.