Heritage Finance Holdings Corporation is currently reviewing its position in relation to the RBA’s decision on 6 September to increase the Official Cash Rate. We'll make an announcement here as soon as we finalise our decision.
Planning for your first baby
Review your budget
Reviewing your current budget is a great place to start when planning for your first baby. Knowing exactly how much money you have coming in and going out is an important step towards making alterations to suit your new lifestyle as a parent. If you do not have a budget in place, now is a great time to put one together. You will also need to consider changes to your household income at this special time.
Get a financial health check
Now is a great time to have a financial health check. We can help with this by checking:
- That you have the right accounts for your needs, including an everyday transaction account, and a high interest earning account
- That you are getting the best deal possible on your home loan and have extras set up such as an offset account or credit card
- Your current debt situation and how it can be managed more effectively.
Prepare to make changes
Prepare yourself to make changes to your current spending habits. Having your first baby and the lifestyle changes associated can come as a huge shock to some people. While you may be months off big financial changes such as going from two incomes to one, it can help to start looking at changes you can make right now to save as much as you can before the arrival of your first baby.
We can help you with your every day banking needs. If you're looking for a daily transaction account or a competitive savings account, we can help you access your money, your way.