Australians in Their 30s Urged to Build 3-6 Months of Savings and Boost Super
Updated
Updated · The Australian Women's Weekly · Jul 31
Australians in Their 30s Urged to Build 3-6 Months of Savings and Boost Super
3 articles · Updated · The Australian Women's Weekly · Jul 31
Summary
Three to six months of essential expenses is the recommended buffer for people in their 30s, as higher housing costs, mortgages and children make finances less flexible.
Superannuation is a central focus: workers are advised to locate all accounts, consolidate multiples where appropriate, check fees and confirm employer contributions are being paid correctly.
Around 30 years from retirement, those still in default balanced funds may consider higher-growth options, while salary sacrificing can lift super contributions at a 15% tax rate.
Mortgage management and protection also feature prominently, with extra repayments, offset accounts and annual loan reviews recommended alongside checks on life, TPD and income-protection cover.
The broader message is to turn basic saving habits into an automated plan, while continuing to invest beyond property and super through assets such as shares or ETFs.