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Finances and having kids

Having kids

The path to parenthood is paved with questions. Which pram is best? Who will stay home with bub in the early days? And what will you name the little one? While we don’t have expertise in name-choosing, we can help take some of the guesswork out of the financial side of becoming a parent. We’re here to guide you through the different stages (and associated costs) to get you financially fit for all things parenthood.

How does having children affect your financial wellbeing?

You can’t underestimate the amount of joy children can bring into your world. You also can’t underestimate the affect it will have on your finances. The cost of raising children has never been higher, yet there are some practical ways you can prepare yourself financially. Whether it’s putting together your first family budget, tucking some money away for their education or finding a little extra to spoil yourself. If you’re prepared, the cost of raising children doesn’t have to spoil the fun.

The information set out above is general in nature and has been prepared without taking into account your objectives, financial situation or needs. Before acting on the information, you should consider whether the information is appropriate for you having regard to your objectives, financial situation and needs. By providing this information ANZ does not intend to provide any financial advice or other advice or recommendations. You should seek independent financial, legal, tax and other relevant advice having regard to your particular circumstances.

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