Financial Planning, Tax, Wealth Creation, Business Planning, 360 Financial Group, Eltham, Victoria, Australia

STARTING A FAMILY

Are you prepared financially for your new arrival?

When you're having a baby it's normal to focus on the practical aspects of preparing for the arrival of a newborn, such as deciding where to give birth, choosing names and buying the essentials. In fact, there are so many practical things to consider that people often overlook the financial considerations.

From the experts

The average cost of raising a child between the ages of 0-4 is $7,500. This equates to an extra $144 per week to look after your baby.

What you need to know

By taking the time to consider your finances ahead of time, you'll be able to avoid financial pressures and really enjoy the special time with your new family member. Now is the time to consider:

Budgeting for the costs of having a child such as well as the possibility of living off just one income
How you will afford to buy the things your baby will need such as a cot, car seat and clothes and nappies
Whether you will be eligible for financial assistance from the government through schemes such as the baby bonus, paid parental leave, family tax benefit, child care benefit and child care rebate

Getting started

Try to save enough before-hand to cover pregnancy costs and living expenses
Before buying baby items, work out which are essentials and which are nice to haves

Count on us

A Count adviser can help you:

Put together a budget and savings plan
Understand the benefits you are eligible for

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360 Financial Group ABN 61 401 351 286 provides its financial planning services as an Authorised Representative of Count. 'Count' and Count Wealth Accountants® are the trading names of Count Financial Limited, ABN 19 001 974 625. AFS Licence Number 227232, a wholly owned, non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 123 123 124. Professional Partner of the Financial Planning Association of Australia Limited.

Please note any taxation or accounting services are not endorsed nor the responsibility of Count Financial Limited.

The information on this web page is not advice and is intended to provide general information only. It does not take into account your individual needs, objectives or personal circumstances.