cost of significant things
Articles about how much things cost – especially the big, lumpy ones that are significant events, experiences or achievements. Save for these to have enough money for what’s really important to you.
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.
The annual cost of retirement
If you struggle to define your retirement planning target one initial starting point can be to consider how much current retirees spend each year. Here the Westpac ASFA Retirement Standard is helpful, and it has just been updated.
Not So Average Wedding Cost
In the life planning step of my “Save For The Significant” process one of the common goals is a dream wedding. Parents often list a goal of wanting to contribute to their children’s weddings. And independently minded young couples often want their dream wedding without the “suggestions” from their well-meaning parents – thus they want [...]
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 [...]
The cost of retirement
For most people the major goal of wealth creation is to reach the point of financial independence. That point is when you have enough net wealth that you can choose to never work again and you will be able to meet your lifestyle expenses. (Commonly this is referred to as retirement but the future seems [...]
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