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Helping kids out with wedding expenses

๐—›๐—ฒ๐—น๐—ฝ๐—ถ๐—ป๐—ด ๐˜๐—ต๐—ฒ ๐—ธ๐—ถ๐—ฑ๐˜€ ๐—ผ๐˜‚๐˜ ๐˜„๐—ถ๐˜๐—ต ๐˜„๐—ฒ๐—ฑ๐—ฑ๐—ถ๐—ป๐—ด ๐—ฒ๐˜…๐—ฝ๐—ฒ๐—ป๐˜€๐—ฒ๐˜€?


๐—ช๐—ฒ ๐—ต๐—ฎ๐˜ƒ๐—ฒ ๐—ฎ ๐—ฏ๐—ฒ๐˜๐˜๐—ฒ๐—ฟ ๐—ถ๐—ฑ๐—ฒ๐—ฎ!


I was recently told that wedding flowers can cost $๐Ÿฏ๐Ÿฌ,๐Ÿฌ๐Ÿฌ๐Ÿฌ.


๐ŸŒน๐ŸŒท๐Ÿ’๐ŸŒผ๐ŸŒบ๐—จ๐—บ๐—บ - ๐˜๐—ต๐—ฒ๐˜† ๐—ฐ๐—ฎ๐—ป ๐—ฏ๐˜‚๐˜† ๐˜๐—ต๐—ฒ๐—ถ๐—ฟ ๐—ผ๐˜„๐—ป ๐—ณ๐—น๐—ผ๐˜„๐—ฒ๐—ฟ๐˜€ ๐ŸŒน๐ŸŒท๐Ÿ’๐ŸŒผ๐ŸŒบ


๐—š๐—ถ๐˜ƒ๐—ฒ ๐˜๐—ต๐—ฒ๐—บ ๐˜€๐—ผ๐—บ๐—ฒ๐˜๐—ต๐—ถ๐—ป๐—ด ๐˜๐—ต๐—ฎ๐˜ ๐˜„๐—ถ๐—น๐—น ๐—น๐—ฎ๐˜€๐˜ ๐—ด๐—ฒ๐—ป๐—ฒ๐—ฟ๐—ฎ๐˜๐—ถ๐—ผ๐—ป๐˜€.


You have given your kids a great start in life.


We know you donโ€™t learn a great deal about managing money in school, plus maybe the financial knowledge you have passed on is somewhat lacking.


Donโ€™t feel guilty - none of us are perfect, they know how to toast a sandwich and not to microwave metal (hopefullyโ€ฆ)๐Ÿคจ


Sometimes it is easier to listen to others than to your parents. One too many car lectures maybeโ€ฆ


๐—š๐—ถ๐˜ƒ๐—ฒ ๐˜๐—ต๐—ฒ ๐—ด๐—ถ๐—ณ๐˜ ๐—ผ๐—ณ ๐—ฎ ๐—ณ๐—ถ๐—ป๐—ฎ๐—ป๐—ฐ๐—ถ๐—ฎ๐—น ๐—ฝ๐—น๐—ฎ๐—ป.


Financial alignment will be crucial for a new couple. According to Relationships Australia research, financial stress is the No.1 cause of relationship breakdown.


๐—ช๐—ต๐—ฎ๐˜ ๐—ฑ๐—ผ๐—ฒ๐˜€ ๐—ฎ ๐—ณ๐—ถ๐—ป๐—ฎ๐—ป๐—ฐ๐—ถ๐—ฎ๐—น ๐—ฝ๐—น๐—ฎ๐—ป ๐—ถ๐—ป๐˜ƒ๐—ผ๐—น๐˜ƒ๐—ฒ?


โœ”๏ธ Financial education and literacy

โœ”๏ธ Sorting out a budget and how to manage joint cashflow

โœ”๏ธ Work out what housing is affordable, and what assistance is available

โœ”๏ธ Sorting out insurance (and a backup plan, so they do not move back in!)

โœ”๏ธ Work out a superannuation, savings, and an investment plan

โœ”๏ธSomeone to bounce ideas off AND stop the bad decisions

โœ”๏ธSet them up for the next stage in life

โœ”๏ธGive tools, a system, and confidence to make their own decisions


๐—ง๐—ต๐—ถ๐˜€ ๐—ถ๐˜€ ๐—ผ๐—ป๐—ฒ ๐—ด๐—ถ๐—ณ๐˜ ๐˜๐—ต๐—ฎ๐˜ ๐˜„๐—ถ๐—น๐—น ๐—ฏ๐—ฒ ๐—ฝ๐—ฎ๐˜€๐˜€๐—ฒ๐—ฑ ๐—ผ๐—ป ๐—ณ๐—ผ๐—ฟ ๐—ด๐—ฒ๐—ป๐—ฒ๐—ฟ๐—ฎ๐˜๐—ถ๐—ผ๐—ป๐˜€.


๐—œ๐—ป๐˜๐—ฒ๐—ฟ๐—ฒ๐˜€๐˜๐—ฒ๐—ฑ ๐—ถ๐—ป ๐˜€๐—ฒ๐—ฒ๐—ถ๐—ป๐—ด ๐—ต๐—ผ๐˜„ ๐˜๐—ต๐—ถ๐˜€ ๐—บ๐—ฎ๐˜† ๐˜„๐—ผ๐—ฟ๐—ธ ๐—ณ๐—ผ๐—ฟ ๐˜†๐—ผ๐˜‚๐—ฟ ๐—ณ๐—ฎ๐—บ๐—ถ๐—น๐˜†? ๐—•๐—ผ๐—ผ๐—ธ ๐—ฎ ๐—ฐ๐—ฎ๐—น๐—น ๐˜„๐—ถ๐˜๐—ต ๐—บ๐—ฒ.


What you need to know


This information is provided by Lush Wealth Financial Planning Advice Newcastle. The information contained in this article is of general nature only and does not take into account the objectives, financial situation or needs of any particular person. Therefore, before making any decision, you should consider the appropriateness of the advice with regards to those matters and seek personal financial, tax and/or legal advice prior to acting on this information. Join the club of ladies who have their finances sorted.


We are available for appointments in our Newcastle or Sydney offices or Australia wide via video conferencing. Best Financial Planning Advice by Christine Lusher Certified Financial Planner.

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