4 money mistakes millennials are making
Born between 1980 & 2000? Here are 4 millennial $$$ mistakes
Starting a family, buying your first home or getting married can be some of the most exciting moments of your life.
But, they can also change your perspective on what you really value most.
Moments like this are great reminders to start thinking about life insurance and how it can help you protect the lifestyle you’ve worked hard to create.
Investing in property can feel like a rite of passage, and when you slap the sold sign on the property you’ve dreamt about for years, it provides a real sense of accomplishment. It’s also likely to be the biggest financial commitment you’ve ever made. If you took your ongoing income out of the picture, how would you and your loved ones fare paying off this commitment? It’s important to be realistic when you consider how well you’d live if you could no longer work. Would paying off the mortgage mean two-minute noodles every night?
It’s important to be realistic when you consider how well you’d live if you could no longer work
Formalising your relationship with a marriage certificate means sharing more than just a Netflix account and the washing up. Financially, getting hitched can bring about a lot of change including shared assets and shared debt. So, if you’re tying the knot, it’s a good idea to consider reviewing you and your partner’s financial obligations and how you might deal with them should the unpredictable happen.
Congratulations! You’re expecting a bundle of joy any day now and you’ll no longer be responsible for numero uno. With a new baby on the way, you’re about to have a little person who is completely reliant on you and the decisions you make. It’s a real comfort to know that if you were out of work due to unexpected illness or injury that your family won’t have the financial burden of losing an income stream.
Being off work for an amount of time can be stressful enough, without the added burden of providing for your loved ones. Don’t leave your lifestyle to chance, protect yourself and your family with nib Income Protection.
Products promoted by nib health care services pty ltd ABN 91 003 037 625 AR Number 321683 of TAL Direct Pty Limited ABN 39 084 666 017 AFSL 243260 which also administers policies and claims. TAL Life Limited, ABN 70 050 109 450 AFSL 237848 is the issuer of the life insurance benefits and St Andrew’s Insurance (Australia) Pty Ltd, ABN 89 075 044 656 AFSL 239649 is the issuer of the Involuntary Unemployment Cover. The information given here is general advice only and does not take into account your personal financial situation, needs or objectives. You should consider the appropriateness of this advice, having regard to your financial situation, needs and objectives. Please consider the combined Product Disclosure Statement (PDS) and Financial Services Guide before deciding whether to buy or to continue to hold this product.