In this episode, we explore how we can navigate money during major health events, from the immediate financial shock to longer term issues. We discuss the importance of having an emergency fund to cover unexpected medical costs or income disruptions, reviewing and claiming insurance entitlements, and understanding income protection options. We also cover strategies to manage reduced income, from tightening household budgets and pausing mortgage repayments to exploring government support and even selling assets if needed. Beyond the practical, we emphasize setting up powers of attorney, leaning on family, community, or charity support, and working closely with advisors to reassess financial goals once recovery begins. Ultimately, we highlight that being prepared with a plan gives us the flexibility and resilience to handle life’s most difficult moments.

Tune in to this episode to learn how we can prepare, adapt, and take control of our finances during major health events so we’re better equipped for life’s toughest challenges.

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This podcast contains information that is general in nature. It does not take into account the objectives, financial situation, or needs of any particular person. You need to consider your financial situation and needs before making any decisions based on this information. This information is provided by Billy Amiridis & Andrew Nicolaou of 360 Financial Strategists Pty Ltd, authorized representatives and credit representatives of Akumin Financial Planning – AFSL 232706

Episode Highlights

• Why having an emergency fund is essential during a health crisis

• How to use insurance and income protection to cover unexpected costs

• Practical steps for managing reduced income and cutting expenses

• Options for pausing mortgage repayments and accessing financial relief

• When to consider selling assets and understanding tax implications

• The importance of powers of attorney and estate planning in medical events

• Leveraging family, community, and charity support networks

• Reassessing financial goals and priorities after a major health event

Connect with Billy and Andrew!

360 Financial Strategists

Check out our latest episode here:

Apple Podcast

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Welcome back to another episode of the 360 Money Matters Podcast!

In this episode, we celebrate our 200th podcast by diving into how we can help our kids financially without jeopardizing our own retirement. We explore the rising trend of parents assisting with property deposits, education costs, rent, or allowing adult children to move back home, and weigh the trade-offs these choices create for our long-term financial security. We discuss the importance of having a solid retirement plan first, considering timing and sustainability, protecting contributions through structures like loans or binding financial agreements, and being able to say no or set conditions without guilt. We also highlight non-monetary ways to help, such as childcare, meals, or being a guarantor, and stress the value of financial literacy for adult children. Ultimately, we encourage thoughtful, strategic planning—often with professional advice—so we can support our kids while still enjoying a secure and fulfilling retirement.

Tune in to discover practical, heartfelt strategies for supporting your kids financially without sacrificing your own retirement security.

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This podcast contains information that is general in nature. It does not take into account the objectives, financial situation, or needs of any particular person. You need to consider your financial situation and needs before making any decisions based on this information. This information is provided by Billy Amiridis & Andrew Nicolaou of 360 Financial Strategists Pty Ltd, authorized representatives and credit representatives of Akumin Financial Planning – AFSL 232706

Episode Highlights

• Balancing helping your kids with protecting your retirement savings

• Common ways parents support adult children beyond cash gifts

• Why a solid retirement plan is essential before offering financial help

• Protecting contributions with loan agreements or binding financial arrangements

• Non-monetary ways to provide meaningful support

• The importance of timing and sustainable giving

• Encouraging financial literacy and independence in adult children

• Seeking professional advice to avoid tax and structural pitfalls

Connect with Billy and Andrew!

360 Financial Strategists

Check out our latest episode here:

Apple Podcast

Spotify

Welcome back to another episode of the 360 Money Matters Podcast!

In this episode, we go behind how to financially prepare for the arrival of a baby. We explore everything from understanding parental leave entitlements and modeling cash flow changes to budgeting for upfront and ongoing baby expenses. We share practical strategies like using half-pay to stretch income, adjusting emergency funds, and planning for unexpected costs like childcare. We also emphasize the importance of reviewing insurance coverage and estate planning to protect your growing family. Ultimately, we reflect on how flexibility, mental preparedness, and temporary financial pivots are key to navigating this exciting yet vulnerable life stage.

Tune in to this episode to gain practical, real-world financial tips that will help you confidently prepare for the life-changing journey of becoming a parent.

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This podcast contains information that is general in nature. It does not take into account the objectives, financial situation, or needs of any particular person. You need to consider your financial situation and needs before making any decisions based on this information. This information is provided by Billy Amiridis & Andrew Nicolaou of 360 Financial Strategists Pty Ltd, authorized representatives and credit representatives of Akumin Financial Planning – AFSL 232706

Episode Highlights

• Understanding government and employer parental leave entitlements

• How to calculate and prepare for changes in household cash flow

• The benefits of taking parental leave at half pay to extend financial support

• Creating a realistic baby budget: upfront vs. ongoing costs

• Why an emergency fund needs to grow when a baby is on the way

• The importance of reviewing life, trauma, and income protection insurance

• Planning ahead for childcare and education expenses

• When and why to update your will, guardianship, and beneficiaries

• The psychological impact of temporary financial setbacks—and how to cope

• Practical strategies for staying flexible and financially resilient during big life changes

Connect with Billy and Andrew!

360 Financial Strategists

Check out our latest episode here:

Apple Podcast

Spotify