Clare Byrne

Yeah, well, look, it's never too late, never too early.

So if we're looking at the 30s, you know, there's the financial planning to be done in your 30s, same as there is in your 20s, your 40s and beyond.

It's never too late.

It's never too early to start making a financial plan.

Absolutely, you know, and I think that's the whole idea about putting the financial plan in place, you know, to look at your salary, your expenditure, how to budget in terms of what is, you know, the 50-30-20 aspect in terms of 50% for your essentials, your rent, your mortgage, your light, your heat, etc., your food, your essentials, and maybe your gym membership, your lifestyle costs, and then 20% then for savings and investing.

And encompassing in that would be pension planning as well.

So it is like obviously with high rents and interest rates are likely to increase now as well with high mortgages.

It is more difficult for people, there's no doubt about it.

So that's where financial planning definitely plays a part.

Yeah, it's, you know, for your mental, your physical and your financial well-being, because it all comes together.

You know, your financial well-being is mentally knowing that worst case scenarios.

OK, so if interest rates do rise, if there is an unexpected life event or anything like that.

Can you cope with that?

And do you have the financial plan in place for that?

Do you have your emergency cash, you know, your three to six months net salary?

Do you have your life events fund?

Maybe that's, you know, for a carer's leave, for example, or unpaid maternity or paternity leave.

moving house, fertility treatments, you know, having those life event kind of funds there that you can dip into in those situations.

So the financial well-being is all part of that to make sure because your circumstances will change, your personal circumstances change, your financial circumstances change.

And it's making sure that your financial well-being is there with your financial plan to move forward and, you know, prepare for those eventualities.