Young Families
At this stage in life you are:
- Busy with a young family
- Have increased living expenses due to children related expenses
- Have a reduced income due to caring for children
- Have accumulated some personal and investment assets
- May be looking for better tax effectiveness
- Are looking to secure your children’s future
- May have moderate to high levels of non-deductible debt (such as home loans, personal loans, credit cards etc)
Your financial concerns and goals might be:
- Managing your family’s budget and cash flow
- Protecting your family from financial hardship
- Saving and investing for the future
- Reducing tax liabilities
- Managing and minimizing debt
- Funding education expenses
- Building wealth
LifePath Financial Planning can provide strategies for Young Families involving:
- Cash flow management
- Budgeting
- Debt management
- Personal insurance
- Determining your eligibility for Centrelink benefits
- Reducing tax liabilities
- Funding education expenses
- Building wealth