Children’s Education
Up to $500,000 in school fees per child
Figures released by the Australian Scholarships Group suggest that the cost of educating your child could be up to $500,000 if you send them to the top private schools. Given that annual fees start around $10,000 per year from early primary school that total figure probably comes as no surprise.
ASG have kindly provided very detailed summaries, which makes their information worth a look.
Kids, they might be cute but they are costly
Certified Financial Planner professional Matt Hern is quoted in this article published in The Examiner newspaper, February 18th, 2010. Download and read the full article here.
Calculating the costs of your children’s education
Being a parent is one of the greatest gifts I have received in my life. But over the past two years I have also noticed the increase in our spending, and we have not yet even hit school or the teenage years. I know from working on education plans for my advice clients how much [...]
Saving for your children’s education
Research suggests that the cost of raising children can be about a quarter of a million dollars per child over their lifetime. When you add private school fees to the mix (and every associated expense), you can probably increase that by another 50% or more. So it is a wise idea to plan ahead and incorporate future education expenses in your wealth creation plans right from the day the “c” word enters your relationship conversations.
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