When starting a family, it can be one of the most financial changes in your life. Welcoming a baby into the world is one of the most exciting moments. It is also one of the most significant financial changes you’ll face.
There is no shortage of upfront costs, including hospital and medical costs, nursery set up and even more family-friendly cars. Your ongoing monthly budget may also be tested; it says one more mouth to feed, doctor visits, and seemingly endless need for nappies. Down the track, you may need to keep an eye on education expenses, extra-curricular activities and supporting your kids into the future. Judging these competing financial priorities is daunting, which is why it’s essential to have a financial plan in place that is personalised to the needs of your new family. That’s where we can help.