Posts Tagged australian bureau of statistics
Rebuilding Your Life Financially After Divorce And Separation
Divorce is a dreadful event emotionally for everyone involved, but it also has a huge financial impact on Australians due to our family law arrangements.
When it comes to splitting assets, everything can be considered part of the matrimonial asset pool: the home, investments, savings, and even your superannuation.
Data from the Australian Bureau of Statistics (ABS) indicates that around half of all marriages end in divorce with 47,000 divorces granted in Australia each year. When you consider this figure doesn’t include defacto couple break-ups it’s easy to see how many people are impacted by the financial ramifications of relationship breakdowns.
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Financial Planning for Private School Fees
Financial Planning to afford your child’s Private School Fees
Being a parent and affording school fees isn’t always easy. A survery conducted in Australia in 2006 found that 55% of parents heavily underestimate the costs of educating their children. Over the past decade, the number of children attending private schools in Australia has risen by more than 25% – and with this is the increased cost of education. On average, the cost to privately educate a child through primary and secondary school is around 5,000 – that’s per child! – and the cost continues to rise. The Australian Bureau of Statistics (ABS) found that between 1982 and 2003, the cost of education increased on average by 7.3% per year (compared with an average increase in inflation of 4.4%). Based on the current Consumer Price Index (CPI), secondary education figures, a child born today will cost almost ,000 to send to a private school for Year 12 alone! To afford these expensive school fees you need to start thinking now about financial planning to help you.
Financial Planning for School Fees
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