Your focus is now shifting from your individual finances, to shared and family finances and for many of us, relationships and family are the driving priority at this stage in our lives.

Ultimately, you are now firmly looking to buy your first home or to upgrade, and have commenced a regular savings plan for your deposit.  Awareness of finances is now obvious as you are considering the affordability of mortgage repayments and, if you are planning a family, options for living on one income.

Again, it's important to consider pension planning at this stage if you have not already done so, and wherever possible, avoid ceasing or reducing your pension contributions, but look to other areas of the household budget to reduce outgoings if necessary.

You may also be wishing to set up a long term savings plan for your new family, either for financing their education in the future or for their own personal wealth. 

To provide for your family in the event of injury or incapacitation, it is now vital that you have a suitable life assurance and critical illness plan in place.  Permanent Health Insurance would be especially important at this stage, also. We can help with these important decisions.

Request a Free Financial Review from one of our advisers today

Our stages include

Stage 1: Full-Time Education
Stage 2: Settling into a Career
Stage 4: Returning to Work
Stage 5: Planning for Retirement
Stage 6: In Retirement