The Cost of Raising Children
In today’s episode, Alison Greenwood explains the cost of raising children from birth to adulthood.
Have a listen to find out, on average, how much it will be to raise just one child – let alone your whole tribe. It’s a lot more than you might at first think!
Raising children is so much more involved than simply providing food and shelter. There’s education, clothing, holidays and out of school activities, just to name a few.
Alison has several ideas about saving for these expenses by investing in shares, exchange traded funds, and managed funds.
As Alison suggests, maybe it’s time to be intentional about putting aside funds to raise your children!
This advice applies to Australia and is most relevant for the 2018-2019 financial year. Please talk to your financial advisor to set up the best arrangement for your family situation.