Being a parent is the most important and rewarding role you’ll ever play in your life. While the hours are long and the pay is poor, the satisfaction is enormous.

Will your finances keep up with your kids?

The cost of raising children has grown by 50% in five years, while household incomes have only risen by 25%, according to a recent AMP.NATSEM report 1.

Private education accounts for much of the cost for high income families. But as tablets replace textbooks, expectations in the classroom are changing across the board.

Many parents are now planning ahead to give their children the best possible start in life.

We can help with solutions to manage the costs

As interesting as it is to know the costs, it’s more important to get some help with possible solutions. There are several strategies that could help

  • maximising the equity in your home to invest in your kids future
  • creating a structured long term savings plan for your kids
  • reducing the interest you pay on your home loan to free up cash
  • finding better ways to keep track of your money and manage your spending.

There are financial paths that can help you keep up with the costs and set your children up for the best.

Link to a page

Planning your future