What Aussies really think about their finances

March 29, 2017
Lisa Stromborg

A recent Mortgage Choice survey uncovered how Australians feel about their finances, including home loans, credit cards and retirement planning.

  1. 1 in 5 Australians would not be comfortable asking their partner/spouse for money 
    Speaking about money is often considered taboo in modern society, but when you’re married or living with a partner, it’s a topic that should not be avoided. Money is often a cause of arguments in relationships, so it’s imperative that you and your partner talk regularly and openly about finances.
  1. 73% of Australians would not use a mortgage broker for anything other than a home loan
    At Mortgage Choice in the Hills, we offer an array of services that extend beyond mortgages. We can assist you with car loans, personal loans, business loans, commercial loans, general insurance, and equipment finance and leasing. We can also introduce you to our network of financial advisers.
  2. 3 in 5 Australians say they will not have enough money in retirement
    For many Australians, retirement is not something they think about until they’re over 50, but by then, it’s often too late. According to the Association of Superannuation Funds of Australia, couples will need approximately $640,000 in savings, while singles will need approximately $545,000 in order to live a comfortable lifestyle in retirement. With such a large pool of money needed, it makes sense to start preparing as early as possible.

If you’re keen to find out what your retirement income might look like, check out our free Retirement Income Calculator, powered by Investfit.

Talk to us today on 02 9653 9333 or 0411 505 536, email: scottpartridge@mortgagechoice.com.au or click HERE to arrange a meeting.

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