Most people believe education shapes person’s life, but quality education can be also costly.
“Our four children’s education has been our largest investment”Phil Lucas
You may have already started putting some money into a separate bank account regularly, or simply leave the surplus funds in your mortgage off-set account. For some lucky you, grandparents may volunteer to contribute.
According to a report from Australian Financial Review, a quarter of parents borrow for their kids’ private school education, one in seven run up a credit card debt to pay for school fees.
“Should I start a dedicated education plan now for my children or leave it to chance?”