children
Freedom to be by their side with Children’s Trauma Insurance
Parents – please resist the natural urge to avoid this article because you don’t want to think about the topic. The tool I share below could save you considerable stress if misfortune strikes your family. What would you do if your child suddenly and unexpectedly became seriously ill? If something happened to Sophie or Isaac [...]
Message to parents of 20-somethings
Do you plan on being the regular, permanent (even full-time) day-time carer of your grandchildren for the first 6 years of their life? Then don’t stand by while your children hock themselves to the eyeballs for a house and thereby guarantee their need to have two incomes for the next 20 years. And whatever you [...]
Teaching Kids About Money
My daughter Sophie, who is in year one, has been learning about money at school. They’ve made money boxes that sit on their desks and they appear to be earning (plastic) money. I’ve heard talk that this money will be used for a princess ball – but I’m not sure what the class princes and [...]
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.
Wealth Insights for Young People
There is such a myriad of ideas for how to manage you money it is very difficult to know where to start and what is appropriate for you. In one of my regular interviews on Wake Up! WA we discussed money tips for young people, including students. IN the later half of the interview we [...]
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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