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#Everyoneneedsaplan to Budget for a Newborn Baby
Posted by G. Dean McKinnon
on 14 April 2018
How to Budget When You're Having a Baby
Budgeting for a newborn baby is key to reducing stress on the family.
The family's income may be lower due to mum not working leading up to, during and after pregnancy
Detailed cash flow planning is a must to ensure sufficient monies are available to meet the family expenses
You should revise your expenditure budget to include costs of newborn baby (you can use our budget template)
You should include hospita...
| Posted in:Financial Planning | 0 Comments |
#Everyoneneedsaplan for budgeting
Posted by G. Dean McKinnon
on 14 April 2018
Budgeting: How to make it simple
In order to have an effective budgeting system, you need to make it easy to follow and implement.
We recommend not having too many bank accounts - it over complicates the budgeting system.
You only need 3 bank accounts:
A day-to-day bank account;
A bills account; and
A special purpose account (i.e. holidays).
All income should be received into the day-to-day bank account and then distributed to the bil...
| Posted in:Financial Planning | 0 Comments |
#Everyoneneedsaplan - even if you have had skin cancer
Posted by G. Dean McKinnon
on 4 April 2018
Can you still obtain trauma insurance if you have had skin cancer?
This depends on the type of skin cancer, the insurer and the trauma insurance policy wording.
Some insurers will still offer full trauma insurance cover if you have had skin cancer;
It depends on the severity of the skin cancer;
Early stage melanoma (melanoma in-situ) that has been successfully excised may qualify you for trauma insurance (without exclusion or loading).
Please contact us for mo...
| Posted in:Insurance | 0 Comments |
#everyoneneedsaplan to know how much trauma insurance you need
Posted by G. Dean McKinnon
on 28 March 2018
HOW DO YOU KNOW HOW MUCH TRAUMA INSURANCE YOU NEED?
It really depends on your individual circumstances. You should consider how you are going to meet your expenses if you suffer a trauma, these may include:
Net medical expenses (after Medicare and Private Health insurance rebates)
Bills and existing debts (home loan/rent)
Rehabilitiation expenses (so you can choose your own rehabilitation plan)
Extended convalescence (one years salary)
Employin...
| Posted in:Insurance | 0 Comments |
#everyoneneedsaplan for trauma insurance reinstatement benefit
Posted by G. Dean McKinnon
on 21 March 2018
What is a trauma insurance reinstatement benefit?
What happens if you have more than one major medical trauma (unfortunately this happens quite a lot).
Let's say you have $100,000 trauma insurance benefit and you are diagnosed with cancer and your $100,000 trauma insurance claim is paid. What happens next?
you would reinstate your trauma insurance policy after the claim is paid.
your premium remains the same and there are no medical underwriting requirements...
| Posted in:InsuranceSocial Security | 0 Comments |
