BUDG030 How to plan for the longest “holiday” of your life (509 words)

This article outlines how individuals can plan for their "golden years". It looks at the necessary budgeting considerations, how to effectively plan financially and why being prepared is more than just having adequate funds.

Budgeting for retirement is like preparing your suitcase for an epic journey! Packing the right items and planning ahead is essential to ensure you don't run into any unexpected surprises along the way.

Why plan for your golden years

Just like a trip, when you're ready to retire, it's essential to have enough money saved to buy the things you need and do the things you want to do.

According to the Retirement Confidence Report, 38% of the 1,500 Australians surveyed over age 50 felt some anxiety about not having enough retirement savings.