Personal Finance 101: Financial Planning for Families

In the latest episode of TVC Wealth and Health Managers’ Personal Finance 101 Podcast, Certified Financial Planner® and co-Director Justin Els addresses an important yet often overlooked subject: “Financial Planning for Families.” Starting a family demands an entirely new set of financial strategies, foresight, and priorities.

The episode dives straight into the topic of “Saving for College,” a commonly burdensome concern. It emphasizes the significance of starting to save early and contributing consistently (the factor that transforms college into a viable prospect for many) to create a college fund that bestows children with an advantageous start into adulthood.

Transitioning focus, the discussion navigates to “Buying a Home,” a goal that frequently appears daunting. In the quest for a secure foundation, the conversation delves into the role of credit history and the weight of substantial down payments. How can one achieve financial preparedness to embark on the home-buying journey?

Concluding the episode, Justin delves into “Estate Planning,” a topic often disregarded yet notably impactful. Justin tackles the topic we often willfully bypass, will drafting, asset management, and introduces the concept of a “Family Trust” to establish a legacy that endures.

Within this podcast, Justin Els empowers millennials entering parenthood or contemplating it with actionable financial insights. “Saving for College,” “Buying a Home,” “Safeguarding Your Family,” and “Estate Planning” stand as pivotal topics, furnishing listeners with the tools to confidently navigate critical financial decisions.

Subscribe to our YouTube page here for more relevant financial education content and share our latest podcast with people that you think could benefit from learning more about personal finances.

Related Articles

  • Conversation, Financials

    Short Term Insurance Explained

    Understanding your insurance terms and small print is important, but we don’t always have the time to do so. This blog article explores this and offers some tips, applying mostly to short-term insurance.
    Justin Els/
    28 March 2025
  • Blog, Insights

    Save Big Before Tax Year-End

    The end of the South African tax year is just around the corner. If you haven’t taken full advantage of your tax-saving opportunities yet, there’s still time to make your hard-earned cash work smarter for you.
    Justin Els/
    28 March 2025
  • Personal Finance 101: Market Recovery & Asset Classes

    In our latest podcast episode we discuss the different Asset Classes one can invest in and the trends of Market Recovery one can expect. Our Personal Finance 101 podcast aims to provide financial education to help listeners make informed decisions.
    Justin Els/
    28 March 2025
  • The TVC Economic Review for Quarter 2, 2023

    In Q2 2023, a notable challenge was the persistence of inflation, leading to central banks, such as the U.S. Federal Reserve, navigating the delicate task of addressing rising prices while maintaining economic stability.
    Justin Els/
    31 March 2025
  • Estate Duty Explained

    Death and taxes are still very much a certainty. Estate duty is a form of tax that is levied on the deceased estate. The purpose of estate duty is to tax the transfer of wealth (assets) from the deceased estate to the beneficiaries. Estate planning is one of the most crucial areas of financial planning.
    Justin Els/
    28 March 2025
  • How do Financial Advisors Add Value?

    A good Financial Advisor offers peace of mind and valuable insights personalised to your goals, with you every step of the way. But how exactly do they add value? And how do you find a trustworthy Financial Advisor?
    Justin Els/
    31 March 2025
  • South African Insurers No Longer Covering Grid Failure

    South African insurers recently made exclusions to their policies regarding damages caused by a possible national electricity grid failure. What does this mean exactly, and how does it affect your insurance? We break down the small print.
    Justin Els/
    28 March 2025
  • How To Start Investing Offshore

    Investing in offshore markets is an important consideration for South Africans looking to secure their financial future through investment solutions. With local markets providing historically low returns, there has been an increased interest in investing offshore.
    Justin Els/
    28 March 2025
  • Personal Finance 101: Building Wealth for Millennials

    When it comes to wealth creation, millennials have had it particularly tough. In this episode, podcast host Certified Financial Planner® Justin Els offers practical financial tips specifically aimed at millennials.
    Justin Els/
    28 March 2025
  • Bite-Sized Q3 2023 Economic Analysis: A Brief Overview

    Persistent inflation in Q3 2023 compelled central banks to extend higher interest rates.
    Justin Els/
    28 March 2025