Your child had their 8th birthday last week. Your mum-in-law again gave her yearly gift of $100 for your child’s saving account. Your second child is having their 10th birthday next month. In total, each child now has $4,000 to $6,000 in their respective savings accounts. You have been studiously putting away $25 per month for each child.
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Help your children without affecting your retirement
I’m relatively new to parenthood. Today was my son’s 2nd birthday. My wife and I watched with anticipation as he madly opened his birthday present. The look of sheer delight on his face when he saw a box of Duplo warmed our hearts. I now get how for years on end you want to give […]
Loan vs gift: the right way to help out your kids
We all know that life’s pretty expensive living in Australia these days – especially if you have a hankering for buying residential real estate in a capital city. Plus, if you are “lucky” enough to get into the real estate market, that usually means that you’ve signed yourself up for an enormous mortgage for the […]