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

Lifecycle stages - pre-retirees revised - v2