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Financial Planning For Young Australian Families

Plan For Your Family’s Growth With Expert Financial Advice

Parents have to juggle a lot, but becoming family financial experts should not be part of the burden. As boutique Melbourne financial planners and parents ourselves, the team at ActOn Wealth knows how important financial security and wealth-growing strategies are to Australian mums and dads. That’s why we provide tailored financial planning for families, giving you simple, easy and affordable ways to get ahead and care for those you love. 

Protect and plan for those who matter most with experienced financial advice for new parents.
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Common Challenges Facing Australian Families

If you find yourself in the deep end of any of the following, you’re not alone. The great news is that we have the financial strategies and tools to help you overcome these obstacles and thrive as a family. 

Stopping work to raise your child

Trying to buy property, upsize, or pay off a mortgage 

Dealing with debt 

Staying afloat with increasingly high living expenses

Facing hefty school fees or childcare costs

Dealing with the rising cost of managing a health issue 

Feeling overwhelmed by tax regulations and rules

Managing separation or divorce legal fees

A problem shared is a problem halved. We can help find solutions to numbers and achieve financial security for your family.

Professional Services and Financial Advice For New Parents

Holistic, Tailored Advice That Really Understands Families

There is no one-size-fits-all solution when tailoring financial plans for young families. The first step is a no-cost, no-obligation meeting so our financial advisors can find out as much as possible about your economic situation and your family’s financial goals. From there, we build a tailored plan, which might include: 

Family Budgeting Advice 

Gone are the days when you managed money for one or two. Now that there are extra mouths to feed, getting a grip on essential incoming and outgoing resources can feel overwhelming. That’s before you even begin to think about building emergency funds to deal with unexpected expenses (which we strongly recommend and can help you achieve). We strip everything back with a simple, achievable, and realistic cash flow and budget. We also share invaluable family budgeting tips and strategies. This is about saving smarter, not harder. 

Risk Management and Insurance Recommendations 

Now that you have dependents, risk protection insurance is more important than ever. How would the wheels keep turning if you suddenly experienced a job loss? Smart financial planning for young families is as much about protection as it is about wealth creation. Family health insurance or individual life insurance for parents provides a safety net and delivers immeasurable peace of mind.

Property Advice 

Buying a home in Australia can sometimes feel like an impossible dream. Our financial advisors are also qualified mortgage brokers, so we examine products with an open mind and typically a long-range perspective. Our property advice is based on this being a long-term prospect for your family, and so we look beyond the deal on the table to find the best outcomes for you now and down the track.

Superannuation 

Like most Australian families, your superannuation will likely become your biggest nest egg. Needless to say, that’s why it must perform year in and year out. We believe a set-and-forget approach is tantamount to failure, and so we focus significantly on this area of finance for young, growing families. 

Investment Advice 

How will you get the kids through school, let alone university? Is moving into a bigger house an impossible dream? Thanks to savvy wealth creation investment strategies, we help Australian families achieve what can initially feel impossible. This can be the difference between a pipeline dream and reality. 

Tax Breaks For Australian Families  

What tax relief or tax incentives are available to you? Have you claimed everything you possibly can? Our tax accountant specialists love nothing more than reducing your tax bill and helping you save money.

Estate Planning 

You want to care for your family, full stop. That includes the unfortunate circumstance of you not actually being here to do so. Having an up-to-date estate plan is essential to safeguarding your assets and protecting your loved ones as best you can. 

With ActOn Wealth by your side, your family’s financial future looks bright.

Choose ActOn Wealth Financial Advice for New Parents

You Raise The Family While We Grow Your Wealth

An ActOn Wealth financial advisor brings many strengths and skills to the table. Just some of the things we’re confident you’ll appreciate are: 

  • We’re affordable for Aussie families. Don’t make the mistake of thinking financial planning is only for the rich. 
  • Many of our financial planners are also fully qualified mortgage brokers, meaning we can look at products with your overall finances in mind. 
  • We have our own AFSL licence, so we’re not plugging third-party financial products to benefit ourselves. 
  • The breadth of our financial services means we’re a one-stop-shop for many areas of life admin. When we can’t help, we know the right experts who can. 
  • We simplify finance for busy parents by using easy apps, tech, and processes that save everyone time and will feel life-changing. 
  • If you’re open to the idea, we want to teach you as we go so you’re empowered by new-found knowledge and financial acumen. 
  • Many of our team are parents who have faced challenges similar to your own. 

Contact Us For Specialist Financial Advice For Young Families

Investing In Your Family’s Future Starts With a Simple Step

Raising a family is tough, but it’s also amazing. We want to get you in a position where the wins far outweigh the challenges.  It all starts with a simple step—a no-cost, no-obligation catch-up. Call us today and find out more. 

 

Considered, expert financial planning for families that gives you the leg up you need.

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Frequently asked questions

Financial planning for a growing family in Australia depends on your goals and economic situation. A good financial planner like ActOn Wealth will take the time to understand your story, plans, and concerns, and use this information to create a bespoke strategy. This could include managing cashflow, saving for key milestones, maximising tax incentives and tax breaks, estate planning and much more. 

Parents inherently want to care for their children and provide the best possible outcomes for their education, safety, health, and well-being. A solid financial plan forms the backbone to achieve all this and more.

The ideal amount is typically three months of living expenses. Don’t be overwhelmed by this—ActOn Wealth’s financial advisors can help you achieve this.

The fact your family is considering investing is already a great start. You can never begin too early, and our financial planning typically aims to introduce investment as early in the piece as possible. How much depends on your family goals and current situation. We work with you to devise a strategy and volume that is achievable.

Various factors must be considered before setting up a trust for your children, all of which our financial planners can assist you with. We provide you with the pros, cons, and information you need to make an informed decision. 

ActOn Wealth is a privately owned boutique financial planning firm in Melbourne. Our number one focus is our clients. We strive to provide an exceptional service to help you achieve financial security and prosperity.
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