We all go through different phases of life. With these phases we can go through different financial cycles.
As an example, the next cycle for you may be retirement. Importantly, your capacity to retire is not based on how old you are, it is simply based on how much money you have to fund your desired lifestyle.
If retirement is the next phase, it may be time to look at consolidating debts and getting on top of interest, reviewing expenses to make sure you are cashflow positive, making additional contributions to your superannuation fund, and considering other investment opportunities. You may not be able to do all this at once, so putting a few minutes aside to develop a plan of attack can certainly help.
If you feel as though we are leaving Mum’s out, check out this rendition of William Tell’s Overture.