Take control of your financial future and start today!

Take control of your financial future and start today!


Any plan is better than no plan. Start setting realistic goals today and reap the benefits of long-term security!

Financial Mappers can help you set goals and monitor your progress

You can set goals and monitor your progress with a systematic and methodical plan. While it is true to say it’s never too late to start, the sooner you start the better off you will be in the end.

When budgeting, your first priority is to allocate a dedicated amount for savings. These savings should be allocated to the purchase of your home and investments or large personal items.

Consider three people, Tom, Mary and John who are all 35 years old and intend to save a total of $360,000 from their salary before they retire at age 65.  Tom will save 10% of his salary ($1,000 a month) for the longest period next 30 years.  Mary intends to start saving when she turns 45, and will save 15% of her salary ($1,500 a month) for the last 20 years of her working life.  John intends to start saving at age 55 and will save 30% of his salary ($3,000 a month) for the shortest period, the last 10 years of his working life.

Assuming all three examples receive an after-tax earning rate of 5% of on their investments, at the start of retirement which will have saved $360,000 from their salary, but the amount saved with interest will be $817,000 for Tom, $563,000 for Mary and only $406,880 for John.  This is why you need to start saving today.

The same principle applies to debt reduction by saving interest costs. By repaying a home loan of $300,000 at 7% over 20 years instead of 30 years, there is a saving of $160,312. The monthly loan payments will increase by $330.

There is no time to waste, start today by either reducing debt or increasing your savings for investments or a combination of both. With Financial Mappers, you can focus on your key targets over the next 10 years. Find out more!


Disclaimer: Financial Mappers does not have an Australian Financial Services License, does not offer financial planning advice and does not recommend financial products.

I am a founding board member of Plencore Wealth Ltd and Plencore Online Pty Ltd. I am the designer of the product Financial Mappers and Financial Mappers PRO, cloud based modelling software for Personal Finance. This software is sold on the web site www.financialmappers.com.au.I am an educator, investor and expert in both personal finance and mathematical modelling and the author of 'Map Your Finances'.I have both a Graduate Diploma in Applied Finance and Investments and a Diploma in Financial Advising from the Securities Institute of Australia. I also have a Financial Analysis Certificate, by Distance Learning from University of Technology, Sydney. I am a Senior Fellow and Senior Mentor of FINSIA.
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