Starting a family is obviously a huge moment in a persons life, but it also a time where seeking financial advice is highly recommended.
When starting a family, the income and expenditure requirements changes immensely. Although initially expenses don’t grow substantially, as children grow older they account for more and more of the family budget, especially if full time child care or private school fees are involved. The biggest change for most couples is going to a single income for a period of time. At the risk of generalising, most modern couples are duel income, at least before they start having children, and their lifestyle becomes reliant on both these incomes.