Most parents dream of giving their children the best possible education. However an education primary, secondary and tertiary costs money. Parents of a child born in 2006 can pay approximately $250K for a childs lifetime education according to the latest research from the Australian Scholarships Group. And costs are constantly on the rise. Investing in Your Childs Future is aimed at parents and future parents, grandparents and other family members, and covers childrens education from pre-school to tertiary studies. It is designed to show readers how they can secure and contribute to their childrens future and can benefit from a higher education at the institution of their choice, without sacrificing their lifestyle or financial security, and regardless of their income. Investing in Your Childs Future shows readers how they can finance all, or some, of their childrens education by planning ahead, implementing simple strategies and saving money as early and as regularly as possible. When your children are young, its easy to delay funding their education as it is not an immediate expense. However, education is a major expense, regardless of whether you choose a private or public education, and the sooner you start saving, the more money you will accumulate, and the sooner you can stop worrying about your childs future.
Book Details:
- Author: Nicola Field
- ISBN: 9781118319598
- Year Published: 2008
- Pages: 256
- BISAC: BUS036000, BUSINESS & ECONOMICS/Investments & Securities / General
About the Book and Topic:
Most parents dream of giving their children the best possible education. However an education primary, secondary and tertiary costs money. Parents of a child born in 2006 can pay approximately $250K for a childs lifetime education according to the latest research from the Australian Scholarships Group. And costs are constantly on the rise. Investing in Your Childs Future is aimed at parents and future parents, grandparents and other family members, and covers childrens education from pre-school to tertiary studies. It is designed to show readers how they can secure and contribute to their childrens future and can benefit from a higher education at the institution of their choice, without sacrificing their lifestyle or financial security, and regardless of their income. Investing in Your Childs Future shows readers how they can finance all, or some, of their childrens education by planning ahead, implementing simple strategies and saving money as early and as regularly as possible. When your children are young, its easy to delay funding their education as it is not an immediate expense. However, education is a major expense, regardless of whether you choose a private or public education, and the sooner you start saving, the more money you will accumulate, and the sooner you can stop worrying about your childs future.
Education costs for todays child has been estimated as between $120,000 and $350,000. Whatever the figure – it is a lot. And its not just he school fees, there are also all the additional costs bags, books, uniforms, extra curricular tuition, excursions, fund raisers and more. The 3.4 million students attending primary and secondary schools in August 2005 comprised 2.3 million (67%) in government schools, and 1.1 million (33%) in non-government schools. (Australian Bureau of Statistics) There is limited information available about funding your childs education Investing in Your Childs Future has been written by an Australian, for the Australian educational system. Covers pre-school to tertiary education and beyond Covers the 3 Rs of funding your childs education: reading widely, writing a budget and doing the arithmetic to start an education nest egg.
About the Author
A journalist for more than eight years, and a former chartered accountant, Nicola field is a regular contributor to a number of successful magazines, including Money Magazine and Real Living. Nicola Field is the author of Baby or Bust: Financial Planning for New Parents and parents-to-be, described by Paul Clitheroe as providing “a wealth of useful information to help new mums and dads chart a smooth financial course for parenthood.” Nicola lives and works from home in the Upper Hunter Valley of New South Wales with her partner, four children and a growing assortment of horses.