Family matters

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Whatever phase of life you are at, single, getting married, becoming a parent or retirement, we can help you make informed financial choices considering your circumstances.

Getting married

Marriage can be the start of an exciting and life changing journey.  It can also have significant impact on your financial circumstances.

Common questions to consider

You may want to consider some of the questions below to make informed decisions before getting married.

  • How much is my dream wedding going to cost?
  • How should I budget for my dream wedding?
  • How much savings do I have ? How long will it take me to save sufficient money for my wedding?
  • What joint financial decisions should we be thinking of making now that we are going to get married?
  • Should I create / update my Will now that I am getting married?
  • What is a pre-nuptial agreement ?  Will I need one?
  • What type of insurance do we need ?  Do I need to update my insurance cover?
  • What are the tax minimization strategies for married couples?

How we can help

As you prepare for the excitement of getting married, you may also need to review your current financial situation, expected changes in your financial goals and joint investments, budgets, insurances and Wills.

We can:

  • Review your current financial commitments and debt.
  • Review your individual and joint investments.
  • Help you review and update your financial goals and timeframes.
  • Review your joint income and expenses and identify opportunities to save money.
  • Review and recommend savings and investment strategies to achieve your financial goals.
  • Review and arrange suitable insurance plans.
  • Create / review your Will

What to do next

Contact us today if you would like help reviewing your current financial situation.

Becoming a parent

Having a baby is an exciting and life changing occurrence in your life.  It can also be a daunting experience with almost every aspect of your life changing.  You can be better prepared for this change by planning ahead and being prepared for it in a timely manner.

Common questions to consider

Some questions that may help you make informed financial decisions during this time

  • Are we  eligible to parental leave ?  How much will it be?
  • Can I manage my finances during the period of my parental leave?
  • Can I go back to the same job after my maternity leave?
  • Are we entitled to any government benefits?
  • What additional expenses should I include my budget?
  • What happens to my super while I’m on parental leave?
  • Do I need to review my current insurance cover?
  • Do I need to create / update my Will?

How we can help

Planning for an extension of your family can significantly impact your financial circumstances.  You may need to reconsider your income and expenses and review your budget and plan additional saving strategies.

We can:

  • Review the additional expenses and changes in your income and expense patterns.
  • Review and develop your budget prior to having a family.
  • Set goals so you are adequately prepared for the upcoming changes.
  • Develop investment strategies to save money for short and long term goals for your children.
  • Review, recommend and put in place appropriate insurances.
  • Create or review your Will.
  • Review your superannuation and advise tax saving strategies.

What to do next

contact us today if you want us to help you plan your finances and manage your commitments more effectively.

Educating the kids

A good education is a life long investment in your child’s future.  Good quality education could end up costing a lot of money.   You will need to plan ahead and budget for it in advance.  The earlier you plan, review  and update your financial goals, the better prepared you will be for the future.

Common questions to consider

Some questions you may wish to consider include:

    • How much should I budget for my children’s education?
    • When is the best time to start investing?
    • What savings options available to meet my needs?
    • Am I better off having the investments in my name or my child’s name?
    • My child is a teenager, Is it too late to put an education saving plan in place?
    • How can I ensure my child’s educational needs are not affected if I am no longer there?

How we can help

We can:

  • Help you work out the total cost of your children’s education and help you review your income and expenses and put a budget in place to meet the requirements.
  • Develop financial plans and investments strategies for the short term and long term.
  • Review, recommend and put in place appropriate insurances.
  • Create, review or update your Will with a solicitor.
  • Review, recommend superannuation strategies to ensure you are still saving towards other financial goals and tax maximization strategies.

What to do next

If you want us to help you prepare for your child's education contact us today.

 

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