Can we book that holiday to Spain everyone’s going on?” my wife asked last night. “The kids are desperate to go, and Sarah’s family is going, and…” I looked at our bank account. We’re £8,000 in debt. We’re still renting. The car’s making a weird noise I’ve been ignoring for three months because I can’t […]
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According to the Child Poverty Action Group’s report raising a child in the UK from birth to age 18 costs an average of £152,747 for a couple. As a father of two, my wife and I are on that same boat with £300k plus of financial responsibility. Let’s break down how I manage my money […]
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It’s fantastic that we can secure our children’s financial future, but have you ever considered how you can invest in your children beyond money? As parents, we often focus on financial investments for our children’s future with university funds, savings accounts, investment bonds, stock funds and inheritances. Investing has become quite the buzz lately, thanks […]
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My eight year old daughter says she wants to become a doctor, a paediatrician to be exact. What’s the price tag to make my little girl’s dream come true? It’s 2024 and I’ve come to the conclusion I have about ten years to finance my daughter’s doctorate dream if she’s to avoid student debt. I […]
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A Budget is the quickest and simplest tool you can use to fix and control your household finances. They say a goal without a plan is just a wish. The plan itself is a budget and failing to have a basic budget simply wishes away your money goals. That house you want isn’t coming, the […]
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Food, water, clothing, sleep, breathing, and shelter are necessities for survival. Looking at Maslow’s hierarchy of needs this is the lowest level. They are the foundation of human survival, but times have changed. I would argue that money to some degree needs to be included to this lowest level. Some kind of finance is crucial […]
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What if I told you, you could get a £1000 pay rise without lifting a finger or awkwardly asking your boss. All it requires is some digging around your monthly expenses. Most British employers expect to give their staff an average pay rise of 3% a year. This isn’t an obligation but if you are […]
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The average cost of raising a child in the UK, including housing and childcare from birth to 18 years old, is £202,660. That’s £11,258 a year. We can sympathise with lower-income households because the UK poverty line for a two-parent household with two children under the age of 14 is £20,099 per year. I’ve come across […]
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The best present you can give to your children this year is your undivided time and attention. Honestly, no amount of money or the latest toy will replace that. Believe it or not, we’re more divided as families than at any point in history. Let’s go back 50 years ago I’m sure Christmas Day wasn’t […]
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Alongside mental and educational guidance. Financial support is one of the most important things you can do for your children. We can all look back and remember as kids what type of financial upbringing we had. Our parents didn’t need to announce their income, we could see it and feel it, especially when we compared […]
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Yesterday, my public-schooled daughter had the opportunity to attend a holiday club at a private girls’ school. The facilities alone blew her mind and she couldn’t stop telling me how amazing it was. This got me thinking. What is the cost of sending your child to a private school vs a public school? What educational […]
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