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Financial Advice for families-Raising a family

Starting a family and education needs
A relationship is a partnership. It can't just be a partnership on some things; it has to be everything from raising the kids, to planning the week, to keeping the finances in check.
However, decisions on education can all too often creep up on a family well after children are born resulting in much stress and duress on family budgets. A joint study by the University of Wollongong and Queensland University of Technology in 2005 found that “the cost of education increased by 7.8% per annum between 1982 and 2003 compared to inflation which rose on average by 4.4% per annum”. In today’s ever more competitive world, families can no longer afford to ignore the need for a strong education and extra tuition and its ever increasing financial burden on household budgets.
Contact a Navigate Adviser today to help you to understand how much you will need to allocate today to reap a fruitful and high quality education for your children in the future.

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