{"id":14558,"date":"2015-03-17T10:18:01","date_gmt":"2015-03-17T10:18:01","guid":{"rendered":"https:\/\/www.imoney.my\/articles\/?p=14558"},"modified":"2016-05-27T12:36:05","modified_gmt":"2016-05-27T04:36:05","slug":"gst-what-to-expect-if-you-are-a-parent","status":"publish","type":"post","link":"https:\/\/www.imoney.my\/articles\/gst-what-to-expect-if-you-are-a-parent","title":{"rendered":"GST: What To Expect If You Are A Parent"},"content":{"rendered":"<p>It turns out that your little bundle of joy is going to cost you a lot of money.<\/p>\n<p>According to our previous article, parenthood <a href=\"https:\/\/www.imoney.my\/articles\/cost-to-have-a-baby\" target=\"_blank\">doesn\u2019t come for cheap<\/a>. From pregnancy to one year old, expect to fork out at least RM15,000.<\/p>\n<p>With the impending GST less than a month away, parents can expect higher household cost, as various things which were not previously taxed (read: formula milk for toddler) will be taxed 6% at every supply level.<\/p>\n<p>How much will the increase be? It is still unclear, but this infographic shows\u00a0some of the common things that parents need for their children.<\/p>\n<p>Shocked? Yes, we are too. It makes sense to prepare yourself financially for GST. Sometimes, buying in bulk may save you some cash &#8212; at least for a little while.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Plan-for-your-finances-better-Heres-how-medical-insurance-for-your-child-can-help-you\"><\/span><strong>Plan for your finances better. Here&#8217;s how <a href=\"https:\/\/www.imoney.my\/articles\/protect-your-little-ones-with-child-medical-insurance\" target=\"_blank\">medical insurance for your child<\/a> can help you.\u00a0<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<h3><span class=\"ez-toc-section\" id=\"Lower-your-expenses-like-a-pro-with-the-right-credit-card-Let-us-help-you-find-the-best-card\"><\/span><strong>Lower your expenses like a pro with the right credit card. Let us help you <a href=\"https:\/\/www.imoney.my\/credit-card\/search\/?src=internal_article_gst-what-to-expect-if-you-are-a-parent\" target=\"_blank\">find the best card<\/a>!<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n","protected":false},"excerpt":{"rendered":"<p>Parenthood doesn\u2019t come for cheap. With 6% GST, you can expect your costs to escalate further. <\/p>\n","protected":false},"author":9,"featured_media":16481,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[244,31,218,306,215],"tags":[281],"class_list":["post-14558","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-gst","category-infographic","category-money-management","category-parenting","category-tax","tag-parenthood"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>GST: What To Expect If You Are A Parent | iMoney<\/title>\n<meta name=\"description\" content=\"Parenthood doesn\u2019t come for cheap. With 6% GST, you can expect your costs to escalate further.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.imoney.my\/articles\/gst-what-to-expect-if-you-are-a-parent\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"GST: What To Expect If You Are A Parent | iMoney\" \/>\n<meta property=\"og:description\" content=\"Parenthood doesn\u2019t come for cheap. 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