How to Fund Your Child's Future Without Financial Stress

Every parent wants to give their child the best possible start, but between school fees, uniforms, laptops, camps, sport, music, tutoring and uni, the cost of "giving them options" can add up fast and cause financial stress.   In this episode of Wealth Builder, Nick is joined by Marie Lazar from Futurity Investment Group to unpack how families can plan for education costs before they become a major cash flow stress. Because choosing the school is only part of the decision, the bigger question is how you are going to fund it in a way that still works for the rest of your financial life.  They talk through the real cost of education in Australia, why the extras are often what catch families off guard, and how different funding options compare, from savings accounts and offset accounts to share portfolios, family gifts and education bonds. You'll also hear how education bonds work, who they may suit, and why they can be worth considering as part of a broader wealth-building plan.  In this episode:  How much education could really cost from primary school through to year 12  The hidden extras many families forget to plan for  Why planning early can give parents and grandparents more options later  How education bonds work and what makes them different  The key trade-offs between savings, offsets, investments and education bonds  What to think about before choosing the right strategy for your family  This episode is for parents and grandparents who want to help fund a child's future without the last-minute scramble to make it work financially  READY TO SORT YOUR FINANCES AND BUILD WEALTH WITH A CLEAR PLAN? Wealth Builder is our specialised 12-month financial advice program for people in their 30s and 40s. You can learn more about it here.   WANT TO STAY ACROSS WHAT'S MOVING THE MARKETS?: Subscribe to GainingCHOICE, our weekly email unpacking the key headlines and what to pay attention to.  GOT A FINANCE QUESTION FOR PAUL?: Send it to [email protected], and it could be featured in his Ask an Expert column each Sunday in The Age and Sydney Morning Herald.  You can also find all our links here.