Chrysalis Lifestyle Planning

Financial advice for all stages of life

Starting Out

10 hot tips to consider when you're starting out

1.	Savings plan	Pay yourself first by putting away at least 10% of your pre-tax income into a savings account and capitalise on one of the most powerful wealth tools - compound interest
2.	Bank account	Establish a low fees day-to-day account with ATM card for living which will create a credit rating for you
3.	Invest	Start investing now to build your wealth and achieve your financial goals faster
4.	Credit cards	Try and hold off on a credit card and stick with cash or even better, a debit card
5.	Budget	Know what you spend money on and know how much you earn to develop good habits for your future
6.	Superannuation	Start a superannuation plan as soon as possible as it is a good long-term savings plan that will provide you with a tax effective income when you retire. You'll be amazed what it can grow to from a modest beginning
7.	Government assistance	Take advantage of government benefits that provide an allowance while you are studying, sick, undertaking training or an Australian Apprenticeship, looking for work or a grant for your first home
8.	FEE-HELP	Apply for FEE-HELP if you are a fee paying student to help in paying part or all of your tuition fees
9.	Smart spending	Don't be afraid to be frugal. Use your stuff, wear it out, make do or do without and stay ahead of your friends by saying no to fancy and expensive items that you dont need
10.	Use the Internet	You can automate things online so you don't forget payments, you save time paying bills and make money through higher interest bearing accounts

If you need advice in any of the above areas you have come to the right place.

We'll look at these areas and more then put together a detailed financial planning strategy which is tailored just for you to help you achieve your lifestyle goals.

We support you by developing a step-by-step action plan to secure your financial future. With regular reviews, your plan is updated to suit your changing life needs and to ensure that you remain on the right track for a great life ahead.

Plan now getting started in your teenage years can make all the difference to your long-term life plan. Time is your best friend when it comes to making money. Life's too short to not enjoy it!

Please call us today on 9972 2633 if you would like to discuss your financial future.

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