When you’re busily running on the treadmill of life, you often fail to notice hidden savings that occur as your children grow up.
For example, it is not uncommon for parents to spend from $10,000 to $19,000 per child per year on child care fees. When your child starts primary school (assuming it’s not a private school), what would you do with that extra $10,000?
Can you imagine the difference it would make to your mortgage? Or what about investing the extra money in a managed portfolio, squirrelling away a few extra dollars each month to save? With the children at school and both parents working you may find that buying an investment property becomes more affordable. You can do this while still paying off your home.
But instead of investing or paying off debt, many people find the extra cashflow is swallowed up in lifestyle expenses, holidays and a more expensive car.
Why not have a chat with us to see how investing a small amount now can pay off big in the future.