3 Money Mistakes Young Family’s Make — And How to Avoid Them
3 Money Mistakes Young Family’s Make — And How to Avoid Them
Starting a family is one of life’s biggest (and best) adventures. It also comes with a whole new set of financial decisions - many of which can feel overwhelming when you’re juggling kids, careers, and the cost of living in Ontario.
At Brewitt Financial, we help young families navigate all aspects of their financial life - from budgeting and saving to insurance, investing, and planning for the future. Here are three of the most common money mistakes we see young families make - and how to avoid them:
1. Putting Off Financial Planning
Life gets busy. Between daycare runs and job changes, it’s easy to push off ‘big picture’ money conversations. But delaying planning often leads to missed opportunities - like free RESP grants, smart debt paydown strategies, or affordable insurance while you're still young and healthy. We make planning simple and low-pressure, so it fits into real life.
2. Not Protecting Their Income
Most young families insure their car - but forget to protect their biggest asset: their income. Disability insurance and term life insurance can be surprisingly affordable and absolutely critical if something unexpected happens. We’ll help you figure out exactly what you need - and what you don’t - so your family is covered without overpaying.
3. Trying to Do Everything at Once
Save for a house, pay down debt, invest for retirement, build an emergency fund - all while raising kids? It’s a lot. But you don’t have to do it all at once. We help you prioritize based on your goals, income, and stage of life, so you can make steady, confident progress without feeling stretched too thin.
Young families don’t need to have all the answers - they just need a plan and someone they trust to guide them. At Brewitt Financial, we empower families with the knowledge and tools to make informed decisions, protect what matters most, and build a future they’re excited about.
If you're ready to get a handle on your financial plan, we’re here to help. It all starts with a conversation. Call us and let’s get started!