Money management is something most of us could be better at. Whether it’s bad budgeting or unclaimed superannuation, there’s probably a mistake or two that you need to rectify immediately. This infographic looks at the often painful money lessons we learn during life’s journey: from “young and single” to “empty nester”.
The infographic below was compiled by the insurance comparison site Choosi in conjunction with financial literacy educator Michelle House. It breaks down common mistakes people make with money along with some tips to help you get ahead.
For example, couples should be aiming for an annual “nest egg” of $59,160 if they want to enjoy a comfortable retirement. Better start saving now.