“I asked mom if I was a gifted child. She said they certainly wouldn't have paid for me.” Bill Watterson.
Your support helps them explore and develop their talents. Giving your children a good start often includes participation in sports, ballet or other extra-curricular activities.  Mozart wrote his first music aged five. Most children take a little longer to shine. As this all adds to the family budget, it makes sense to plan how you'll give your children the gift of opportunity.


Guilt-free family financing

The key here is no surprises. So when your daughter announces her end-of-term school trip, you can smile rather than roll your eyes – at least outwardly. By making a plan with a little more to cover the inevitable extras, you can make it easier to say “yes”. The first step is having a robust budget in place. With AMP's budgeting tool you can see your inflows and outflows on a daily, weekly or monthly basis - whatever works for you.

Make the most of your existing cash

Remember that your income isn't just tied to what's coming in the door. It's often easier to adjust your spending than it is to get a raise. Getting to grips with your debts is a good way to get ready for your children's future. Even small changes make a difference over time. Try putting every $5 bill you come across in a jar and see how quickly relatively small amounts can add up.

Offers and rates change over time so you might also review your bill providers, so you're getting a competitive deal on everything from your electricity and broadband to your credit cards. You might also look at your bank and other accounts to make sure they're fit for a growing family.

Our Financial help hub has a heap of articles to help you manage your and your family's money.

What's next?

Estimate how much cover you may need
There are many factors that affect how much insurance you need. This calculator can help you work out what type and how much cover you may require.

Important information

Any advice and information provided is general in nature, hasn’t taken your circumstances into account, and is provided by AWM Services Pty Ltd ABN 15 139 353 496 (AWM Services), which is part of the AMP group (AMP). Read our Financial Services Guide for information about our services, including the fees and other benefits that AMP companies and their representatives may receive in relation to products and services provided to you. All information on this website is subject to change without notice. Although the information is from sources considered reliable, AMP does not guarantee that it is accurate or complete. You should not rely upon it and should seek professional advice before making any financial decision. Except where liability under any statute cannot be excluded, AMP does not accept any liability for any resulting loss or damage of the reader or any other person.

The product issuer of the AMP Bett3r Account is AMP Bank Limited ABN 15 081 596 009, AFSL 234517.