Family matters: Becoming a parent


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Family matters: Becoming a parent

You often hear new parents say that having a baby is an amazing, life changing experience. Nothing is ever the same again! At a time when every aspect of your life is changing, the last thing you want to think about is money. But while there may not be ways to reduce the financial commitments, there are things you can do to plan and manage them more effectively.

Common questions to consider

Some questions you may wish to consider include:

  • What happens to my job while I’m on parental leave?
  • Can I afford to be off work for a year?
  • Will we be entitled to any government benefits?
  • How much do I need to earn to make going back to work worthwhile?
  • What happens to my super while I’m on parental leave?
  • My insurance premiums are paid through my superannuation. What happens to my insurance cover while I’m on parental leave?
  • Do I need a Will?

How we can help

When you are planning a family you may want to consider the financial costs and consequences. Things to think about are how much you’ll need to live and whether you need a savings strategy.

We can:

  • Develop a plan for your goals and your time frame.
  • Set a budget prior to having a family or if you’re off work with a family.
  • Develop an investment strategy to accumulate money for long term goals like private education.
  • Review, recommend and arrange appropriate insurances.
  • Recommend superannuation strategies to help you continue saving for retirement and minimise the total tax you are paying right now.
  • Recommend if you need a Will or need to review your Will.

Family matters: Becoming a parent


Want to know more. 

If you need help with personalised advice on financial planning, be it wealth strategies or protection for you or your family, or a need to discuss your present or future retirement options give us a call today on 03 6343 1007.  


Alternatively send us a message or simply book an appointment now with one of our qualified financial planners on our online booking service at a mutually acceptable time.



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‘This blog post contains information that is general in nature. It does not not take into account the objectives, financial situation or needs of any particular person.  Because of this, before acting on any advice, you need to consider your financial situation and needs before making any decisions based on this information.


 You should consult a financial planner to consider how appropriate the advice is to your objectives, financial situation and needs.

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Family matters: Becoming a parent ... importance of family

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