Thinking about finances in your 30s

Young Hippie Woman 150x150 Thinking about finances in your 30sWhatever the goal, reaching age 30 is a turning point for many people. Whilst it may mean life is getting more serious, most thirty-year-olds are keen to retain their individuality and remain determined to have fun. But a little planning can make this age even more enjoyable.

The following stories may help you build a stronger financial future at this wonderful age.


Protecting what you’ve got

Josh was doing well in his job and had bought a small apartment. Over time, he had furnished it in style and his home theatre system was his pride and joy. To his horror he returned home one day to find the front door open and his unit trashed. Not only had his beloved home theatre disappeared, the intruders had made the place unliveable. You guessed it – he wasn’t insured. Josh had to start all over again.

And now there are three

Jake and Sara have just had their first baby and two salaries are now one. Expenses have shot up and together with the emotional challenges a young baby brings, they have to juggle their money to cope. Not wanting to return to full-time work yet, Sara goes to the Family Assistance Office and applies for Family Tax Benefits to help make ends meet. Both now realise they should have thought of that earlier and adjusted their budget accordingly.

Getting treatment when you want it

Mike is an all-round sportsman and at age 33 his niggling injuries send him to the physio more often than he’d like. He enquires about private health insurance and learns that premiums increase by 2% each year after age 30. Although he qualifies for a 30% tax rebate which gives some reprieve, Mike wishes he had taken out health cover before he turned 30.

Play safe with loved ones

Lucy always wanted kids and now has three. Being a home mum is her passion. Husband Chris loves his young family and would do anything for them. One day he is knocked off his bike when riding to work and spends a month in a coma after which he faces a long period recuperating. Chris had disablement cover in his super fund but it didn’t pay out because he is expected to recover. His leave entitlements were quickly used up and Lucy and the kids are struggling. Income protection insurance would have made life more bearable for this family during this awful time.

Keeping what you’ve earned

34-year-old Jennifer has hit the jackpot. Her career took off two years ago and she’s earning more money than she ever imagined. But she’s horrified at how much tax she’s now paying. A friend refers Jen to a financial planner and she learns about strategies like salary packaging, salary sacrificing, and that investing in shares and property can save her tax as well as build her personal wealth. If only she’d known this earlier.

Every person will be at a different stage in meeting their lifestyle and financial goals by age 30. Regardless of whether you are well on the way, just getting started or haven’t even set your goals, there’s no time like the present to seek assistance from a professional.

Call us now at Del Castillo Investments on (07) 3040 4840 for an obligation free initial consultation with a qualified financial adviser.


The advice on this site may not be suitable to you because it contains general information that has not been tailored to your personal circumstances. Please seek personal financial advice prior to acting on this information.  Please also refer to our general advice warning under contact us tab on our website.  The article is based on information available at the time of writing only and therefore care should be taken as to the accuracy of the content.

Image courtesy of [Witthaya Phonsawat] at

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