Everyday we try to protect our children from life’s uncertainties, yet we can’t eliminate the risk of illness and injury. By looking out for the well-being of your child, if he or she were to become seriously ill, you would want to be with them while they recovered. So while no one likes to think […]
Online source: Workable Wealth, 7th October 2015.Teaching your kids how to be smart about personal finance can seem daunting, but children can understand the concepts of working for money, saving, and buying necessities from a young age. In fact, teaching your children about money as they grow up is a good way to put them […]
A lifetime of costsOnline source: NATSEM Report, Income and Wealth Report. Issue 33, May 2013.To determine the cost of raising children from birth until they finally leave the family home, we have constructed three typical families. In these hypothetical but typical families, all the parents are of similar ages and each family has two children, two years […]
IntroductionOnline source: AMP.NATSEM Income and Wealth Report, June 2014Families making the difficult decision about a return to work have to not only consider upfront child care costs, but also the potential impact of paid work on the Government benefits they may receive.Where a person lives will also have a big impact on their child care costs, with […]
These days it can be natural for kids to stay at home until adulthood—our 7 tips can help ensure your own goals don’t pay the price.If you were expecting to have the house to yourself once your kids reached a certain age, you may have to adjust your expectations.Because for Generation Y—or millennials as they’re […]
A new report has found the short-term financial gain in returning to work after having kids can be negligible for some women, when factoring in the cost of child care, loss of Government benefits and potential increase in tax. The latest AMP.NATSEM report, Childcare affordability in Australia, found a mother in a middle income family […]
It now costs a staggering $812,000 to raise two children from birth until they leave home**, giving some parents reason to question whether they can afford to have more kids. The latest AMP.NATSEM Income and Wealth report, ‘Cost of Kids,’ found that although subsequent children are cheaper than the first, the combined cost of raising […]
