As you would expect from a financial adviser, Robert Devlin was fairly well prepared, money-wise, when baby Edward arrived eight months ago.
But the head of advice at Tribeca Financial says despite having considered many of the financial aspects of having a baby, the “sheer cost of some things” still caught him and partner Eloise by surprise.
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Michelle Bowes writes about wealth from our Sydney newsroom. She has more than 20 years of experience as a business journalist and is the author of Money Queens: Rule your Money, an award-winning personal finance book for teenage girls. Email Michelle at michelle.bowes@afr.com
