- What Is The Medicare Safety Net?
- Health Insurance Claim Process
- Best Health Insurance
- Cheap Health Insurance
- Lifetime Health Cover Loading (LHC)
- Rate Rise Calculator
- Health Cover Check-Up
- Hospital & Extras Cover
- Ambulance Cover
- Dental Cover
- Pregnancy Insurance
- Health Insurance Waiting Periods
- Health Insurance Tax
- Penalties & Benefits
- How To Save On Health Insurance
- The Medicare Levy Surcharge (MLS)
- Australian Government Health Rebate
- Health Insurance Rate Rise
- The Medicare Levy
- Medical Gap Scheme
- Australian Government Rebate
- Life Stages Health Insurance
- Why Should I Get Health Insurance?
- Joining a Health Fund
- Review your health cover
- Switching Health Funds
- Finding Suitable Health Insurance
- Tips On Selecting Health Insurance
- A Better Way To Buy Health Insurance
- Participating Health Funds
- myOwn Health Insurance
- Medibank Private Health Insurance
- Frank Health Insurance
- Australian Unity
- Bupa Health Insurance
- Latrobe Health Services
- Health Partners
- Health Insurance For IVF
- What Is Crohn’s Disease?
- Private Health Insurance Tiers
- What Is Shingles?
- What Is Eczema?
- How To Discover If You Need Health Insurance
- Health Insurance & Pre-Existing Conditions
- Health Insurance Reforms
- Health Insurance FAQs
- Health Insurance Glossary
- How We Make Money
- Cancer Health Insurance
- How To Cancel Your Health Insurance
- Body Mass Index (BMI) Calculator
- Health Insurance For Cosmetic Surgery
- Health Care Insurance
- Commonwealth Seniors Health Card
- What Is HICAPS?
- Health Insurance For Single Parents
- Allied Health
Planning for pregnancy? Four easy tips to get your baby budget in order
Congratulations! You’re starting a family. No matter how much you plan – from which pram to get or where she’s getting her first haircut – there will always be plenty of surprises along the way with a new baby.
It’s easy to focus on the excitement and joy of the bub-to-be, but a little financial planning now will see you worry less about money and more about your first memories with your brand new bundle of joy.
Let’s start getting your finances baby-ready!
1. Look to the future and find ways to be savvy with saving for things like nappies and school fees
- Figure out the impact of a reduction in your income. From time off to have the baby, to career changes like going part-time, you need to plan for those times when your income isn’t what it has been.
- Plan your ‘getting started’ costs, like a pram, cot, nappies, bottles, food and baby clothes.
- Factor in the bigger costs, like childcare, school fees, and even things like medical, dentist and orthodontist fees.
2. Get your budget together and start planning
- From education to housing to holidays, children are expensive, so set aside regular savings starting today.
- Use a budget planning tool to work out where your money is going, and just as importantly, where you can cut back.
3. Roll up your saving sleeves and reorganise your finances
- Make sure your savings account is a high-interest earning account.
- Sense-check your home loan. Our home loan advisors can help you compare home loans and potentially even switch you to a cheaper deal.
- Almost half of Australian households’ last energy bill was bigger than expected, so it’s time to get iSelect to compare your energy provider and make sure you’re getting the best deal possible.
- Go through your direct debits with a fine-toothed comb to see what you can renegotiate or trim back. Let’s face it, you probably don’t need three separate music streaming services!
Cost of living and babies can be expensive! See if you can save on your energy bills.Compare electricity and gas
4. See if you can cut costs and gain greater peace of mind through things like insurance
- Do your homework to get a health insurance policy that fits you and your growing family. Our online comparison tool can help you on the way to finding the right insurance plan.
- It’s important that you’re paying for the right health insurance policy and that you get the inclusions you need. If you’ve been on a budget-friendly ‘junk’ policy, it might be time to upgrade.
It’s important to note: You need to plan ahead when it comes to pregnancy and health insurance. Many people only begin looking for private health insurance once they’ve fallen pregnant and don’t realise that a waiting period may apply to the policy. If you arrange private health cover early, you’ll be able to serve your waiting periods as soon as you begin planning for a family (usually 12 months – however most of this time can be while you are pregnant!). This means by the time you actually need to use pregnancy and obstetrics services, you’ll be covered.
Enjoy the next stage of your life!
You can’t put a price on family, but you can certainly make the financial road an easier one with iSelect. Review your health cover by comparing online or calling us on 13 19 20 to speak to one of our health insurance experts, like Chantelle from our Melbourne office:
iSelect does not compare all products in the market. Any advice provided in this content is of a general nature and does not take into account your objectives, financial situation or needs. You need to consider the appropriateness of any information or general advice we give you, having regard to your personal situation, before acting on our advice or purchasing any product.