Generation X Financial Planning Tips


Generation X Financial Planning Tips

As a member of the fabulous Generation X (born between 1964 and 1982) you’ve been through a lot.

You’re familiar with hard work and ‘getting on with life when things are tough’.

You survived the recession we had to have in the 1990’s, high unemployment rates and the global financial crisis a few years ago.

You know that life has its ups and its downs!

Now you may have a whopping big mortgage and a couple of kids at school…or your kids are nearly “off your hands”.

And even though you’re career is fulfilling you’ve noticed that you’re starting to develop an interest in your financial future when you retire.

But here’s the thing…you’re time poor so how on earth can you work out where to invest your hard earned money?

Your family’s security is top of mind so what should you do next?


Here’s 3 things to help you out on your road to financial freedom:


1 Cash flow and management of your debts

It’s a familiar story across Australia: living from pay to pay while you develop excellent juggling skills with your credit cards when big bills arrive.

One of the foundations of wealth creation is to have a healthy cash flow – where you spend less than you earn and live within your means.

From experience with our Generation X clients, we know that there’s enough money to pay the bills without having a stress melt down all the time.

Sitting down with a financial planner can help you organise and regain control over your finances.


Generation X Financial Planning

2 Superannuation

When was the last time you looked at your superannuation statement?

If you’re like many Australians, you open it and file it away!

And if you’ve changed jobs a few times, chances are that you’ve got multiple superannuation funds.

Having a few superannuation funds with small balances may not seem like a big deal, but with the effect of compound interest, every dollar in your superannuation fund will make a difference.

Not to mention the administration fees!

If it seems like a hassle to track them down, why not give us a call?


3 Investment strategies

Do you feel like you haven’t got any spare money to invest?

Many of our Generation X clients have felt like this too, but with so many options available, we can help you with a financial investment strategy that suits you.

We can help you with:

  • Saving strategies
  • Tax strategies
  • Tax planning
  • Estate planning, and
  • Government family allowances.

Our initial meeting is complimentary – so let’s chat, email us here.

The advice provided in this blog is general advice only. It has been prepared without taking into account your objectives, financial situation or needs. Before acting on this advice you should consider the appropriateness of the advice, having regard to your own objectives, financial situation and needs. For our full disclaimer, please click here.