As of 2016, Australia’s total household debt is approximately $2 trillion, over 55% of which is in mortgages, with the average Australian household owing $250,000.
There are many reasons why families may find themselves in serious debt or living beyond their means. Overspending and debt can have far-reaching implications and without professional advice you may be putting your financial security at risk.
Most people look forward to retirement, particularly being a grandparent free of any parenting obligations. However, have you considered what would happen to your retirement plans if you were unexpectedly forced to care for your grandchildren because your child, the parent of your grandchildren, suffered a shocking illness, became disabled or passed away?
EKO Financial Pty Ltd ABN 66 116 276 361is a Corporate Authorised Representative of
Magnitude Group Pty Limited ABN 54 086 266 202 AFSL No. 221557
