Take Care of What Really Matters... Your family

We understand the importance of security and protection for your loved ones, and take this on board to tailor financial strategies and solutions which ensure that your family stays financially stable - even in the most tragic circumstances.

Teaching your kids to save

Australian debt is at a rate that is unsurpassed in this country. We live in a culture that is financed by debt, and efforts to save have taken a back seat. It is for this reason that it is invaluable to teach your kids to save in the early days. Follow these tips to keep the kids on top of things if you can't be -

• Piggy banks and Dollarmite accounts provide the basic 'kid-friendly' tools for saving.
• Explain interest by placing small change in two containers - one labelled S for savings, another labelled I for interest. Place 50c in S, and 10c in I.
• For older children, set financial goals. Work out how much a new bike/CD player is, and teach them to budget from their pocket money to purchase their goodies.
• And don't forget to let them purchase the goods themselves. This way, they can experience first hand the merits of their frugality!

How can you insure your family?

In the case of you being seriously injured or worse, how would your family cope? It's hard enough supporting a family with dual incomes, but imagine if the breadwinner completely lost his or her working capacity?

Don't let this happen to you and your loved ones. Life insurance, disability cover and income protection insurance are mechanisms that can safeguard your family from the inevitable consequences suggested here.

Take some of our pointers, and avoid being caught unawares.

• Consider investing your pay out benefit in a structure that facilitates a long term income stream for you or your spouse and kids.
• Organise policies that allow you to automatically increase your cover in line with increasing CPI's and the cost of living.
• Think of your outstanding debts when setting up your policy and your amount of cover. Make sure you have enough to keep your family out of debt should they need to use this benefit.
• Don't underestimate the value of the homemaker. If your partner stays at home, imagine the cost of replacing the work they do?
• Consider arranging some insurance that will account for the loss of their function in the family - it's a good way to play it safe.

These tips should assist you in building security. Don't hesitate to contact us if you would like to know more. We encourage you to call us to safeguard your future today!

Please contact Jason Abrahams for more information.