Staying (financially) well as the years go by

Our financial priorities tend to change as we move through life

The good news from AMP’s 2018 Financial Wellness Indexi is that only 7% of Australian retirees aged 65 or over report being stressed about money. So if you’re feeling the pinch earlier in life there is light at the end of the tunnel.

Let’s take a closer look at how your financial wellness is likely to change and what you can do to reduce your stress levels.

Starting out

When you’re starting out it’s an exciting time. You know you need to start saving for the bigger ticket items but it all seems a bit abstract. Meanwhile you might be on a graduate or apprentice wage and facing peer pressure to spend. To get on top of your finances it’s a good idea to start with the basics—budgeting, debt and saving. Get those right and you’re on the way to establishing good habits for life.

In the thick of it

There’s no time to draw breath. You’re juggling frantically at home and at work…it’s easy to lose track of what’s going out every week, let alone the bigger financial picture. Any talk about long-term retirement planning can seem unrealistic faced with the day-to-day demands of putting food on the table and the need to pay any school fees and keep up with mortgage repayments. You’re at a stage of life when planning is critical. Are your investments inside and outside super working as hard as possible and do you have the right balance between risk and return for your life stage?

Approaching the finish line

The end is finally in sight. The kids have flown the coop, the mortgage is either paid off or at least more manageable and your financial commitments are finally starting to diminish. You’re potentially still earning a decent wage but now you have fewer outgoings you might be able to free up some more funds for your super savings. Retirement by now should be front of mind—both in terms of what sort of lifestyle you want to enjoy and how you’re planning to finance it. It’s important to make the most of these final years in the workforce to set yourself up.

Enjoying the fruits of your hard work

After worrying about money, family and work for so long you’re relishing a simpler life. You’ve worked hard to put all the pieces in place and now it’s time to enjoy a well-earned retirement. You’re still concerned about interest rates, retirement income and making provision for health and aged care. And you might be keeping your hand in with some consulting, part-time or voluntary work. But good health permitting there’s more time for the good things in life.

Whatever your stage of life, we can work with you to help you set yourself up to achieve and maintain your financial health.


i Financial Wellness in the Australian Workplace, The Behavioural Architects, Report 2018

©AMP Life Limited. First published 15 October 2019

Axios Financial Solutions are a team of respected and highly regarded financial planners with offices on St Kilda Rd Melbourne.  Axios helps their clients meet their desired outcomes by providing tailored financial services, strategies, advice and solutions.  You can contact them at or (03) 9869 5555.

Axios Financial Solutions Pty Ltd (ACN 007 299 014), is an Authorised Representative of Charter Financial Planning Ltd, Australian Financial Services Licensee 234665

Please note that the information in this article is of a general nature only and has not taken into consideration your individual circumstances. Should you wish to discuss your personal circumstances please call us on 03 9869 5555 or email

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