Why Financial Advice Matters for Young Adults
Financial advice can be valuable at any age, especially when you’re starting to make bigger decisions about money, work and your future. Working with a financial advisor for young adults can help you manage your income, develop good money habits and make informed choices that support your long-term goals.
The earlier you start, the more time you have to put those decisions into practice and prepare for what’s ahead. Read on to learn how to manage your savings, make your first investments and plan for the goals that matter to you.
Meet Rising Tide Financial
What Can a Financial Advisor Help Young Adults With?
A financial planner can help you with:
- Building savings and managing cash flow – Develop a savings structure, understand your spending habits and make better use of your income.
- Getting started with investing – Explore investment options, understand the risks and develop an approach that reflects your goals and financial position.
- Understanding superannuation – Learn how your super works, review your contributions and understand how much you may need to retire.
- Debt management – Understand your repayment options, prioritise existing debts and balance repayments with other goals, such as saving for a home or starting to invest.
- Preparing to buy your first home – Work towards a deposit, review your borrowing capacity and balance home ownership with other priorities.
- Balancing today’s spending with future goals – Enjoy your current lifestyle while making room for savings, investments and major milestones ahead.
How It Works
Financial planners for young adults can help you focus on the decisions that matter most at this stage of life, with a plan that can adapt as your circumstances change.
Step 1: Have a chat with our team.
We begin by discussing your income, current savings, debts and immediate priorities, such as managing expenses or looking at investment opportunities. This helps us identify the type of financial advice that may be relevant to your situation.
Step 2: Understand your goals and current position.
Next, we look at your income, expenses, savings, debts and existing commitments to understand your financial position. We also discuss your short-term priorities and longer-term goals, giving us a clearer picture of what matters most to you right now.
Step 3: Create a plan around your priorities.
Using what we’ve learned, we develop a personalised plan focused on your goals and circumstances. This could include setting up a savings strategy, reviewing your super, exploring investment options or preparing for a first home purchase.
Step 4: Review your plan as life changes.
As your income, responsibilities and priorities change, your financial plan may need to change, too. We can check in with you, review your progress and recommend adjustments to help keep your plan relevant to your current circumstances and goals.
Areas Young Adults Often Need the Most Help With
Getting your savings and cash flow in order
Your first full-time salary can open up new possibilities, but balancing bills, everyday spending and savings takes planning. A financial advisor for young adults can help you develop a savings structure, understand your spending habits and make better use of your income. This gives you a clearer idea of how much you can put towards your goals while keeping up with current expenses.
Making sense of your superannuation
Retirement may seem a long way off, but the decisions you make about super now can affect how much you have later. Understanding your super balance, investment options and contribution levels can help you make informed choices early in your career.
You can also start thinking about how much you may need to retire and what that means for your long-term savings.
Taking your first steps into investing
Starting to invest can feel unfamiliar when you’re still learning the ropes. Financial planners for young adults can help you understand how investments work, assess your risk tolerance and explore options that reflect your goals and current financial position.
Weighing up a first home against other goals
Saving for a home deposit can take years, particularly when you’re also managing rent, bills and other priorities. A financial plan can help you assess how much you may need for a deposit, set a realistic savings target and consider how buying a home fits alongside other goals, such as investing or building an emergency fund.
Enjoying today while planning for the future
Your 20s and early 30s are a time to enjoy new experiences and make choices about the life you want to lead. Planning for the future can help you balance current spending with longer-term priorities, such as saving, investing and preparing for major milestones.
A practical approach gives you room to enjoy the present while keeping your future goals in sight.
What’s Included in Financial Advice for Young Adults?
Financial advice for young adults can help you organise your money, make informed decisions and plan for future goals. The advice you receive will depend on your income, current financial position, priorities and the level of support you need.
What’s typically included:
- Budgeting and cash flow planning to organise income, expenses and savings.
- Superannuation review and guidance to understand your fund and contributions.
- A first investing strategy suited to your timeframe and risk comfort.
- First home purchase planning, including savings targets and timelines.
- Ongoing reviews as your income and circumstances change.
What’s generally not included:
- Tax return preparation or lodgement
- Accounting and bookkeeping services
- Self-Managed Super Fund (SMSF) administration
- Legal advice or document preparation
LET'S TALK
Financial Planners and Mortgage Brokers
Book your FREE 15 minutes intro call.
or call us on 0401 944 713
Building Habits Early, Not Just Fixing Problems Later
The money habits you develop in your 20s and early 30s can shape your financial future. Setting savings goals, keeping track of spending and making informed decisions about super and investments can help you prepare for major milestones while managing your current expenses. Starting early gives you more time to put these habits into practice and work towards the future you have in mind.
You don’t need to have everything figured out to benefit from financial advice. Whether you’re building your savings, considering your first investment or planning to buy a home, a financial advisor can help you understand your options and create a plan around your goals.
Make your next financial move count. Contact us today to speak with a financial advisor for young adults and start planning for what’s ahead.
Frequently Asked Questions
Please read from our Frequently Asked Questions. If you feel stuck, feel free to schedule a chat.
Do I need to have a lot of savings before speaking with a financial advisor?
No, you don’t. You can seek financial advice at any stage of your financial journey, even if you’re still building your savings. An advisor can help you understand your income, manage expenses and set realistic goals based on your current circumstances.
When should a young adult start getting financial advice?
Your 20s and early 30s can be a useful time to start, particularly as you begin earning a regular income, managing expenses independently or thinking about buying a home. Getting advice early can help you make informed decisions about savings, superannuation and investing.
What’s the difference between getting advice now vs waiting until I have more assets?
Getting advice early can help you establish good money habits, manage your income and start working towards your goals while your financial commitments are still developing. Waiting until you have more assets may mean you have more wealth to manage, but you’ll have less time to put those habits into practice.
Starting sooner gives you the chance to make informed decisions at each stage of your financial journey.
Can a financial advisor help me buy my first home?
A financial advisor can help you prepare financially for a first home purchase by setting a savings target, reviewing your income and expenses, and considering how a deposit fits alongside your other goals. This advice can help you understand your financial position and plan for the costs involved.
How does superannuation advice help someone in their 20s or 30s?
Superannuation advice can help you understand your fund, investment options, fees and contribution levels. Reviewing these details early in your career gives you more time to make informed decisions about your retirement savings. You can also start exploring how your current super balance and contributions relate to your long-term retirement goals.
What if I feel like I’m falling behind financially?
Everyone’s financial circumstances are different, and there’s no single timeline for reaching major milestones. If you’re concerned about your savings, debt or progress towards your goals, a financial advisor for young adults can help you assess your current position and identify practical steps to take.
Testimonials
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Great team! Sam Jewell was especially helpful in getting my finances sorted. As a business owner & young family, we feel in safe hands.
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