For most young families consulting a Financial Planner or Adviser is usually placed on the back burner as they feel they are not in a position to do anything or pay for advice.
Unfortunately not getting financial advice at this stage in your life can be costly. There are so many important areas to consider and decisions to make and sometimes it becomes so overwhelming that many people just simply take the easiest option which is quite often the wrong one for their personal circumstances.
Some of the areas of consideration are:
Buying versus renting
Saving for a home deposit
Fixed versus variable interest rates
Ownership options on purchasing a property
Paying of your home loan versus allocating savings to another strategy
Paying for child care versus stop working
Private or public education for the children
Contributing to Super
Changing jobs or career
Personal Life Insurance & Income Protection etc
Private Health Insurance
Estate Planning ( Wills, Enduring Powers of Attorney and Guardianship of your children)
This list goes on…
As we can see there are many considerations at this stage in our lives possibly more than at any other point. It’s at this point that getting financial advice is critical to setting you on the right path to achieving financial success and the freedom that you deserve later in life. Take the time to consult with a Financial Planner on your options and the important considerations needed before making any of these decisions.
Integral Financial Planning is located on the Gold Coast at Mudgeeraba and we welcome you to contact us to make an appointment for your initial consultation at our expense. Contact us on 07 55592250!
The Principal Financial Planner Justin Mitchell has a young family himself and fully understands the issues, the financial decisions and problems facing young families today.