SAHMs - Do You Still Make Super Contributions?

[luna moth]

I am going to put away money to invest in property and not contribute to super. Better returns and potential me thinks.

Actually, I have read that it's not. I think it was something I read from Paul Clitheroe or one of those big financial dudes who said that if you had the discipline to do it, that you're better off renting whatever place you could afford to buy and putting the difference (between rent and what your mortgage would be) into super. The reason that property works for so many people is that it's forced long term savings and most people don't have the discipline to do it. I can't remember the finer details, or where I read it (it was years ago) but I'm sure there's lots out there on it.

Anyway, to get back on topic.... we are planning for DH to make the spouse contribution for offset purposes, and we have money currently saved that "I" will pay each year so I can get the co-contribution. So yes, we are. DH also salary sacrifices quite a lot in already, I think he's sitting on about 22%. We're not sure what we're doing property-wise in the future, because of our slightly nomadic life, so I guess you could say we're hedging our bets.

[AnyDream]

In an ideal world where there is enough disposable $$$ then yes. Esp to make the best use of the offsets & co-contribution thingies. In reality, there is no way we can balance all our expenses on one (limited) income and still make contributions to any worthwhile financial pursuits LOL. There just ain't enough to go round.

Also, we've been to see a fin advisor who recommended using as much of our income as possible to first pay off the mortgage as quickly as possible and then apply the newly freed-up income into bulking up both of our supers at a later time. So that's the plan.

[lizh]

We've got an IP so I'm salary sacrificing about 25% of my pay to super.