Once you become a parent, suddenly you have a lot more responsibility and some of that is financial. The cost of raising a family seems prohibitive these days, but if you have a financial planner to help you make the most of your income, it will not seem as high.
Financial planning is something that many people don’t understand and hence, don’t attempt. Even those that understand finances don’t always plan their own for the best, because few people can know everything about mortgages, tax, superannuation, investments and so on. It takes someone who is an expert financial advisor to devise the right plan for you.
Don’t accept a generic plan as it won’t take into account your specific goals and circumstances. The best financial plan is one that is made just for you. It should not only take into account your present needs, but look to the future. You may want your children to attend private schools and top universities so that their education is one that will take them in the life direction they choose.