If you're like most Australians, after your home, superannuation will be your most important investment. Not only is it likely to be one of the biggest investments you'll have by dollar value, it will also be the investment you depend on when you no longer work for an income. Increasing life expectancies means the superannuation of many Australians will have to last them for a retirement of 20 or 30 years. How much you have in superannuation will influence your standard of living in retirement. So taking an early interest in your superannuation can really pay off.
Even though Australia's economy is doing well, lots of Australians are finding it harder and harder to make ends meet. Recent changes in the global financial environment as well as the domestic economy have affected bank customers. Additional pressures, such as illness or job loss, can result in difficulties in managing debts. If you encounter problems with your bank loans or credit cards, it's best to get in touch with your bank as quickly as possible to work out a strategy for keeping on top of your debts. Banks want to help you during periods of financial hardship, but you must contact them as early as possible for assistance.