Public vs private healthcare
Do your research and choose the option that’s best for your situation – the choice isn’t always black and white. If you have private health cover, check it early to make sure you’ve got the cover you need for any possible future needs.
What about partners?
You might be considering taking time off work, so it’s worthwhile finding out what government assistance you could be eligible for. There are other things to consider too, such as reduced income or becoming a single income family.
Planning for the next nine months
Step 1: Look at your financial situation
Work out all your incomings and outgoings. Once you know what these are you’ll be ready for the financial changes that come with a little one. You can use our online budget tool to get started.
Step 2: Consider reducing expenses
A little extra cash can go a long way, so see where you could cut down on expenses. Try dividing your expenses into two categories – essentials and nonessentials. You might be surprised where you could make savings.
Step 3: Consider a savings account
Setting up a dedicated savings account could also be a good way to start getting prepared. We’ve got a great range of accounts, including savings accounts that pay bonus interest when certain conditions are met, or others that provide easy access.
Step 4: Government assistance
Do your research to see if you’re eligible for any government help – it could make a huge difference. This includes potential government benefits such as Parental leave Pay^, Family Tax Benefit^ or Dad and Partner Pay^.
On our 200th anniversary, every child born in 2017 is eligible for $200.
If your parent opens a Westpac Bump Savings account in your name between 8 April 2017 and 31 May 2018, we’ll deposit $200 into it which you can withdraw when you’re 16*. Because you may not be with us yet, but we’re proud supporters of you from day one.
Conditions apply. Express interest
How we could help
Things you should know
The information on our website is prepared without knowing your personal financial circumstances. Before you act on this, please consider if it's right for you. If you need help, call 132 032.
*Offer may be withdrawn or extended at the bank’s discretion. The child must be born in 2017 and have a permanent Australian residential address. The account must be opened in the child’s name by the parent or legal guardian. $200 will be deposited if the Westpac Bump Savings account is opened and the child’s identity veriﬁed by 31 May 2018. Deposit will be made within 3 business days of ID veriﬁcation. $200 offer limited to one per person. $200 will be available to withdraw in the month the child turns 16 and will be forfeited if the account is closed prior. Read the terms and conditions available from 8 April 2017 at westpac.com.au before making a decision and consider whether this product is appropriate for you.
Credit criteria, conditions, fees and charges apply.^
© Commonwealth of Australia.
© 2016 Westpac Bank – A Division of Westpac Banking Corporation ABN 33 007 457 141 AFSL and Australian credit licence 233714.