Most financial advisors suggest saving 3-6 months of living expenses. But honestly, this depends on your job security and family situation. If you're a contractor or have variable income, aim for closer to 6 months. Start with what you can - even $1,000 makes a huge difference when unexpected expenses hit.

Interest rates have been fluctuating throughout 2024 and into 2025. Most lenders require a 20% deposit to avoid mortgage insurance, though some accept 5-10% with additional costs. The key is getting pre-approval early and understanding all associated costs - not just the deposit. Property markets vary significantly between cities and regions.

Salary sacrificing can reduce your taxable income, especially if you're in higher tax brackets. The super contribution cap for 2025 is $30,000 annually. However, remember you can't access this money until preservation age. It works well for many people, but consider your current cash flow needs and debt situation first.

Look beyond just returns - consider fees, risk levels, and how investments fit your timeline. Managed funds, ETFs, direct shares, and property all have different characteristics. Diversification helps reduce risk, but don't spread yourself too thin. Start with understanding your risk tolerance and investment timeline before comparing specific options.

Review annually or after major life changes - new job, marriage, children, buying property, or changing debt levels. Many people are either under-insured or paying for unnecessary coverage. Check what's already included in your super, and don't assume the default coverage is adequate for your situation.