Family finances
Get help with family budgeting, childbirth costs and prepping your family's financial future.
Key takeaways
- Australian parents average over $41,000 in savings before their first child, plan accordingly.
- Raising a child costs between $159,120 and $548,500 over 18 years, impacting long-term budgets.
- Average annual secondary school tuition ranges from $599 (government) to $15,273 (independent) in NSW.
I’m planning a family
Get ahead with saving, the cost of going public vs private and other important stuff. Future you will be grateful.
Did you know?
- The average parent has just over $41,000 in savings before having their first child.
- Australians spend an average of $726 for childbirth in the public system, compared to $2,400 with private health insurance.
- Only 15% of gen Z parents opt to go through the private system.
Health Insurance
Prenatal care in Australia is covered by Medicare, meaning it’s mostly free through the public system. You can choose to go private, which comes with a lot of benefits – but there are out-of-pocket expenses to watch out for.
News
Super won’t be added to paid parental leave: What does it mean for you?
Super Funds
Going on parental leave will impact your super. Here are the rules for super on parental leave and how to look after your super balance while you're off work.
I've newly become a parent
Find out about the biggest expenses (and how to keep them low), get help with budgeting and more.
Did you know?
- It costs the average family $159,120 to $548,500 over 18 years to raise a child, according to government data.
- Most parents open a savings account for their child when they're just 1 years old (18%).
- Parents feel more bill stress (45%) when it comes to rent and mortgage payments compared to non-parents (31%).
- Families with 3 or more kids can expect to pay $124 more on average every quarter for electricity than households with no kids.
News
Saving vs stocks: What’s the best way to make money for your kids?
See how much money you could make for your kids if you invested in stocks, a savings account, or both.
Savings Accounts
From pocket money to personal loans, Finder’s Parenting Report investigates how Australians are raising their children in 2023.
Customer Satisfaction Awards
Best parenting and baby brands in the 2023 Finder Retail Awards
We reveal Australia's favourite parenting and baby brands for 2023.
Life Insurance
Find out how life insurance can cover your children in case anything happens to you.
I'm planning my family's financial future
Wish your parents spoke to you more about finances as a kid? Get help building healthy financial habits with your children, plus get tips for sorting money with your own parents too.
Did you know?
- Australian children can expect to receive $33,278 towards a first home deposit.
- More than half (57%) of parents have given their children access to a savings account.
- 34% of parents with 3 or 4 children say they are currently extremely stressed with their current financial situation.
Savings Accounts
The early experiences children have with money can shape their financial behaviour as adults.
News
Families are struggling to cope with their finances more than any other group, new Finder data shows.
News
3 simple tips to get your kids interested in finance – and why they should be
Talking to your kids about money and finance is really important to set them up with crucial financial skills for life.
Home Loans
Parents give their kids an average of $33,278 to help with a house deposit, according to 2023 data from Finder's CST.
Budgeting
Use our free budget planner template to create a personalised budget to track your expenses so you can spend less and save more.