1, 2 or 3 days per week; for ages three to school age. Working with families for the social, educational and spiritual growth of their children. 250.980.5604
LIFESTYLE
FINANCIAL CHECKLIST FOR FAMILIES
Need some peace of mind to help you sleep better? This checklist can help you sleep like a baby.
Your priorities and needs change as you move through different stages in your life. When children enter the picture it’ s more important than ever to maintain a strong financial plan. A plan gives you confidence that you’ re doing the right things to create lifetime financial security for you and your family. Here’ s a checklist to help you get started:
Develop a spending plan
Do you know where your money goes? You will have new expenses and will likely operate with less money while you’ re off work. Make sure you know what your parental leave income will be and ensure you know where you are spending your money.
Have enough life insurance
You and your spouse should ensure you have enough life insurance to provide for your child should the unthinkable and unexpected happen.
Protect your finances
The effects of a critical illness can impact you and your family in many ways, including your financial plan. Having coverage will help you to focus on the care and recovery your family needs if you or a family member are faced with a serious illness.
Invest for your child’ s future
It’ s amazing how quickly they grow. Start an RESP * as early as possible and take advantage of the matching government grants. Waiting until high school removes growth potential that can make a huge difference when your child goes to university or college.
Keep saving for your retirement
Retirement savings can be easy to postpone when juggling new expenses and saving for your child’ s education. Even small contributions can make a big difference down the road.
2013 Okanagan4Kids. com Baby & Toddler Guide
Prepare a will
Visit the Canadian family website to learn about the importance of having a will( www. canadianfamily. ca / articles / article / having-a-will).
A financial advisor can help you make informed financial choices during this exciting time. Now is the time to get started on your journey towards financial security.
Contributed by Jacquie Haycroft, Sun Life Financial
I want to start a family.
Mortgage protection • First-time home buyer plan • RESPs *
I can help with your goals. Let’ s talk about Money for Life. TM
Jacquie Haycroft BA( Econ) Bus: 250-860-6403 ext 2244 jacquie. haycroft @ sunlife. com www. sunlife. ca / jacquie. haycroft 2139 Springfield Road Kelowna BC V1Y 7X1
Life’ s brighter under the sun
*
Mutual funds offered by Sun Life Financial Investment Services( Canada) Inc. © Sun Life Assurance Company of Canada, 2013.
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