The key to your long-term financial success lies in how you manage your money day-to-day. Start developing good financial habits today—it pays to make the effort and can help you stay on track to achieve your goals.
Strategies for a positive financial future
Meeting your bills can be easier when you have strategies in place to help reach your goals. Financial advice can help you understand where your money’s going and help give you more confidence and control.
How we can help
We can help you simplify and streamline your finances so you can:
Keep track of your money
Understand how your spending and financial commitments fit in with you enjoying life today
Have an appropriate budget and savings plan in place.
Speak with us about how we can help you sort out your finances.
Perhaps you’d like to buy a new car or save for your first home. You may be yearning for a trip somewhere. Financial advice can help you take practical steps to reach your goals.
Aim to make your dreams real
When it comes to making goals a reality, financial strategies can help you keep your eyes on the prize and stay on track. We can help you plan to meet your financial commitments today while working towards your longer-term goals.
How we can help
We can help you:
Review and set specific goals.
Work out how much to save for your short-, medium- and long-term goals, and the dates for achieving them.
Identify appropriate financial strategies to help bring your goals into reality.
Speak with us about how we can help you save for something special.
If property’s on your mind, you may be aiming to buy your first home or invest in property. We can help you work out what you need to consider and help you reach your property goals.
The value of thinking ahead
Buying property comes with costs, upfront and ongoing. When it comes to managing the financial side of things, good advice could save you money. We can help you assess your financial position and how to make the most of property opportunities.
How we can help
It’s important to make the right choices when buying property. We can help you:
Calculate how much you’ll be able to borrow.
Work out the deposit you’re likely to need.
Choose the most appropriate way to save for a deposit.
Making plans to start a family or increase your existing one can be a joy. And on a practical level, expenses can go up while your income drops if you take time off work.
Your financial picture
Usually one or both parents will take some time off work when a new baby arrives. While a reduction in income can present obvious short-term challenges, there can also be impacts on your long-term financial position.
How we can help
We’re here to help you look ahead and be financially prepared for all that comes with growing your family, which could include:
The costs of raising children—including child care and education costs.
The impact on your household income, and on other goals you have.
How to meet upcoming expenses while setting a path to help your children’s financial future.
The right insurance cover you might need to protect your family, such as income protection, death and total and permanent disability (TPD) insurance — and whether I’ll they’ll be appropriate for you and your family.
Nobody likes to think that things may go wrong but sometimes events beyond our control happen.
What if things change?
Even though you can’t see what tomorrow holds for you and your family, you can do something to protect them today.
A sudden or unexpected event or illness could potentially change your life in many ways. And the last thing any family needs is financial stress during a difficult time.
Protecting your family from the financial adversity an unforeseen event can cause could make a world of difference to them.
How we can help
Being ready could make the difference. We can help give you and your family peace of mind that in the event of your illness, injury or death, their lifestyle can be maintained.
We can help you determine the appropriate insurance cover – income protection, death and total and permanent disability (TPD), which may provide a lump sum or ongoing regular payments to your family if the need ever arises.
If you’re like many older Australians who are thinking about how to make the most of your retirement years, one of the most valuable things you can do to help yourself is to get on top of things financially.
Can you make more of your money?
Everyone’s idea of how much money they’ll need in retirement is different.
Even if you feel you don’t have a limitless supply of money, we may be able to help. We can work with you to create a plan for managing the money you do have, so you can know your spending limit while aiming to have enough later too.
How we can help
We can help show you how to make the most of your money in retirement, and help you:
Achieve a balance between day-to-day spending and your long-term needs.
Benefit from changing your financial arrangements if you’ve already retired.
Access any benefits you may be entitled to, in addition to Centrelink.
Understand how the value of your home can fit into your retirement plans if appropriate.
Speak with us about how we can help you make the most of your retirement funds.
You may be planning to pass things onto your loved ones or you may have received an inheritance yourself.
Help to make the right decisions
There can be financial implications for those who receive assets as part of an inheritance, and decisions to be made.
It can be challenging to know what to do. Professional financial advice could help you have peace of mind that you are taking the right steps.
How we can help
Whether you’re a beneficiary or you’re leaving something behind, a valid will is important.
You may need help from a lawyer—we can work with yours or put you in touch with someone, so your estate planning needs can be met. We can also help you create a financial plan that considers your personal circumstances and helps you take care of your family’s future in the appropriate way.
Becoming your own boss can be an exciting notion but it pays to plan ahead so you can make the most of your opportunities.
Ready for success
Make sure you’re in a position to benefit from working for yourself from the outset. You’ll have a better chance of business success when you consider all of your financial needs when starting a new business.
How we can help
Being in business can come with challenges. We can help you consider:
Any financial planning aspects of your business plan.
The impact on your super.
Any financial plans you need to put in place when you exit the business.
An ongoing service package ensures a review of your financial situation to make sure you’re ongoing planning needs remain on track to meet your financial goals:
the PLATINUM package - designed to give you a half-yearly comprehensive review, inclusive of any recommended portfolio changes and subsequent advice documents.
the DISCOVERY package - designed to give you a 12 month comprehensive review and make any changes on a fixed fee arrangement.
the CONSTRUCTION package - designed to give you a 12 month comprehensive review inclusive of any portfolio changes within your initial advice document recommendations. Further changes will be made on fixed fee arrangement.
the FOUNDATION package - designed to give you a 12 month comprehensive review, with additional advice provided on a fixed fee arrangement.
Taking time to understand and review your borrowings is an important part of your financial security.
Property has been the centrepiece of the great Australian dream for over a century, and even with today’s housing affordability challenges, first home buyers and investors alike continue to seek their piece of the property market.
Our Banking Manager has direct access to over 20 lenders and can work with your existing finance institution or do the ground-work and research to establish the best package for your circumstances.
The decision to invest in property, whether you’ll live in it or not, should not be taken lightly and requires careful planning. For property investments to be successful you’ll need to reconsider your current lifestyle and spending/saving habits. Creating a budget and a savings plan is the all-important first step in laying the foundations for your financial security and that of future generations.
Saving for a deposit on a property often takes years, not weeks or months. It’s not easy, especially for individuals and single-income families, but it’s the first step in property ownership. Ask your parents or grandparents how easy it was for them to save; what car they upgraded to and what brand of plasma TV they preferred! Balancing lifestyle with savings is crucial to success in property ownership.
When saving for a property, it is now commonplace for adult children to remain at home to improve savings and single people should consider living with a roommate to share expenses. Double-income couples should aim to live off one income and save the second. When starting a family and household income is reduced, revert to an interest-only mortgage. When the caregiver resumes employment, direct the bulk of their income to the mortgage – you were managing without it before. These simple measures will quickly increase your savings capabilities provided you also review your lifestyle expenses.
Before you buy
For residential property, maximise your deposit savings before you seek a mortgage to improve your loan to valuation ratio, compare interest rates from several financial institutions before committing to a loan and most importantly DO NOT over commit.
Expect interest rates to rise, that changes in employment circumstances will happen and that you may be reduced to one income as your family grows. These are basic considerations, and anyone buying a property should seek financial advice to ensure they’re properly positioned before signing anything.
Not everyone can afford the financial commitments that come with property holdings, but after the first home, those willing to commit to structured and controlled savings may then start developing a property portfolio. However, despite an overwhelming number of Australians wanting financial independence, sadly too few are willing to make the sacrifices or adjust their lifestyles to accommodate what can be subtle changes.
Living the dream is not about the now; it’s about next month and next year.
Find out how we can help help you review your financial situation.
This website contains information that is general in nature. It does not take into account the objectives, financial situation or needs of any particular person. You need to consider your financial situation and needs before making any decisions based on this information.
Darwin Financial Services Pty Ltd ABN 85 009 632 651 trading as Darwin Financial Services Pty Ltd is an Authorised Representative and Credit Representative of AMP Financial Planning Pty Limited ABN 89 051 208 327 Australian Financial Services Licence 232706 and Australian Credit Licence 232706