KIDS031 Financial Planning for Parenthood (586 words)

This article highlights the importance of financial planning before and during your parenthood journey. A case study is utilised to detail how an adviser can help review your situation and tailor a plan to suit your needs both present and future. Other key aspects discussed include savings, superannuation and the gender pay gap.

Becoming a parent is an exciting time of adjustment and upheaval; how could such a little person create so many changes – and sleepless nights?

But lack of sleep shouldn’t be caused by financial worries and reduced household income.

When Judy a florist, and Gary an IT manager, decided to start a family, like everyone, they worried about the impact on their finances.

They tried to save as much money as they could while they still had Judy’s income, but there was so much to buy and prepare.