Cashflow for families
You’ve decided to try for a family, then you realise how expensive those tiny bundles of joy can be! From IVF to maternity leave to child care to private school fees, they certainly make an impact to your net wealth. It seems impossible, but we’ll help you navigate it.
They say that the average Australian child costs around $300 000 to raise until the age of 18, but we think it is a whole lot more! Raising a child is one of the most rewarding experiences in life and while there a million money can’t buy moments as they grow, equally it feels like the are a million times to you are reaching your hand into your pocket. It is a time your feel the most rich and the most poor you have ever been.
From funding IVF rounds, to prams and nappy’s to child care, to private school fees, camp, dance classes, basketball training, replacing a lost mouthguard, buying the latest video game, buying a pair of the coolest new sneakers, to “can i just have $20 bucks to head to the shops”, the list goes on and on and on. This is all before you even provide the basics like food and shelter.
At Tribeca Financial, our goal is to ensure our clients are in the position where the whole family feels like they are on track to meet their short and longer term goals, while still feeling financially free to enjoy life now. We work closely to ensure they feel in control over they feel in control of their finances and have the capacity to absorb a financial shock should one occur. We will set you up for success to make sure you are able to enjoy your time with your children and give them what you can, while also feeling secure that you can afford it all.
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