
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.
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
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:
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.
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.
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.
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.
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.
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.
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.
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:
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.
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.