17/06/2026
Frikkie Fouche shares "FIVE ESSENTIAL FINANCE TIPS FOR NEW FATHERS" 👨👧👦💸
📌 1.TACKLE DEBT:
If you’ve been making use of debt (such as a credit card with high interest rates) to support a lifestyle that you can’t really afford, it’s time to free yourself up. On the other hand, a strategic investment such as a home loan can be a positive move.
📌 2.SET GOALS:
Prioritise goals that will help you to secure a healthy financial future for your family. Plan your monthly budget, and determine how much you can save. Once you’ve paid off your debt and saved enough to cover about 3 months’ worth of living expenses, you can consider investing.
📌 3.COVER YOURSELF:
Insurance policies that deal with life-changing events such as DISABILITY, DEATH and RETIREMENT provide security through either a lump sum payment (for example on the death of a spouse) or an income in the long term, for example if you are disabled and cannot carry on earning a salary. Examples of long term insurance policies include life insurance, funeral policies and retirement annuities.
Speak to Frikkie Fouche a Sanlam Financial Adviser 0834096543
📌 4.MAKE THE MOST OF YOUR MEDICAL AID:
If you’re a member of a registered medical aid scheme, your new baby should receive immediate cover. Check your plan to see if there are any particular perks for babies, such as a dedicated programme for newborns. The best medical plan for you and your baby will depend on the baby’s needs and your budget.
📌 5.PLAN FOR EDUCATION:
Many parents choose a dedicated education plan to save for high school or tertiary education fees. Keep in mind that education involves more than school fees – you’ll also need to consider sports outings, gifts for schoolfriends’ birthday parties, aftercare and transport.
Check out this info on our website to work out just how much your child's education may cost - https://www.sanlamadvice.co.za/bluestar/Midfokus/investments/education-planning
