Affording private school and planning for your kids' education with Peter Higgins

Private school can offer great opportunities... but it also comes with a steep price tag. Do you ever wonder how families afford it?In this episode, we investigate the real costs of private education and how to manage them. Whether you're already paying private school fees or just starting to think about your children's future education, this conversation will help you get your head around the planning, saving and investing strategies that make it possible.We're joined by Pete Higgins, Senior Adviser and Partner at Tribeca Financial, who's not just an expert on financial planning but also a dad planning for his own kids' education.What we talk about:What private school fees actually cost in AustraliaThe full picture: uniforms, camps, travel, and moreHow Pete and his wife are planning for their own kids’ educationWhy grandparents are stepping in to help—and how to manage thatWhat to do when one parent wants private school and the other doesn’tSaving vs investing for education: what’s the difference?How education bonds work (and why they’re worth considering)Tips for managing school fees once you’re committedWhy it’s never too early to start planningKey takeaways:It's never too early to start planning for education costsEducation bonds offer significant tax advantages for families planning aheadGrandparent involvement is increasing and can be structured effectivelyThere are multiple ways to fund education - it's not one-size-fits-allThe best time to start planning was yesterday; the next best time is nowResources:Tribeca’s article: "The three golden rules for affording private school fees"Cost of Education Index 2025 – view here.Here’s to your Good Life. And thanks for listening. You can find us at https://www.tribecafinancial.com.au/  Our guest: Peter Higgins, Senior Advisor & Partner  Connect with Peter: https://www.linkedin.com/in/peter-higgins-planner/Learn more about Peter: https://www.tribecafinancial.com.au/financial-planners-northern-beaches-peter-higgins/ Our hosts: Ryan Watson, CEO, Tribeca Financial  Follow Ryan: https://www.linkedin.com/in/r-watson/ Stephanie Coombes, podcast expert and mediastrategist Follow Steph: https://www.linkedin.com/in/stephanie-coombes-62903825/  Tribeca Collective Pty Ltd, ABN 54 604 005 209 trading as TribecaFinancial has been appointed as a Corporate Authorised Representative (CAR No.1008603) of My Dedicated Advisory. My Good Life ® is aregistered trademark of Tribeca Collective Pty Ltd.  Advice given in this podcast is general in nature and is not intended toinfluence decisions about investing or financial products. Our listeners shouldalways seek their own professional advice that considers their own personalcircumstances before making any financial decisions. Tribeca Financial acknowledges the Traditional Owners of Countrythroughout Australia, and we pay our respects to Elders past and present.