Australian Finance Podcast Financially preparing for kids: cash flow, leave, childcare and insurance explained
20 snips
Mar 9, 2026 
Alex Luck, financial adviser and co-founder of Everest Wealth Group who helps Australians with career, property and family planning. He talks about modelling cashflow and parental leave, Centrelink entitlements and childcare subsidies. They cover property timing, insurance and wills, plus practical tips on buffers, childcare alternatives and preparing business and household finances for a new child.
AI Snips
Chapters
Transcript
Episode notes
Model Cashflow And Build A Buffer
- Know your numbers before the baby arrives and model cashflow scenarios.
- Alex Luck recommends modelling best/worst cases (e.g., 6 vs 12 months leave) and building buffers to cover any projected shortfall.
Plan For One And A Half Incomes
- Expect household income to drop to roughly one and a half incomes in the first year after a child.
- Alex explains this reflects reduced hours and high childcare costs that can negate a second full wage.
Check Employer And Centrelink Entitlements Early
- Find out exactly what parental entitlements you qualify for from both employer and Centrelink.
- Alex warns many people mistakenly don't know eligibility thresholds (individual ~A$180k, couple ~A$373k) and miss planning opportunities.