Can you afford a divorce? With divorce happening later in life[1], Australians are taking the financial hit that comes with the end of marriage at a time when they’re at the peak of wealth accumulation. While saving money may not be a reason to stay together, it’s worth knowing what kind of impact divorce can have on your financial position. And if separation is on the cards, how can you limit the financial and emotional …
The blended family balancing act When one family becomes two – or more – financial stress can multiply too. Get expert tips from CERTIFIED FINANCIAL PLANNER® professional Fran Hughes about how blended families can work together on a straightforward and fair approach to managing money. Whatever your marital status, your 40s can be a challenging time financially. Growing kids are costing more, especially if you have to factor in school fees. And on the other side of the equation, …
A growing family doesn’t have to blow the budget If you’re thinking of expanding your family, be sure to keep on top of things financially. Having a family usually comes not just with extra expenses but also a drop in income as one or both of you take time off work. Raising children and growing your family can be one of life’s greatest joys. But it can also be costly. You’ll need to plan ahead …
Honey, the kids shrunk my retirement An increasing number of Peter (and Peta) Pans are refusing to fly the coop, staying in the family home well into adulthood. It’s estimated that in the next five years, more than one million 18 to 29-year-old Australians will still be living with their parents. Put another way, nearly a third of people close to retiring will still be supporting their adult children at the end of this decade.i …
