Mon 07 October 2019

Can you afford to have kids? Here’s how to prepare yourself financially to start a family

Baby on the way, and already feeling financially and mentally burdened?

It’s hardly surprising given that research by the National Centre for Social and Economic Modelling (NATSEM) suggests it costs more than $400,000 to raise one child from birth until they finish studying.

But if it’s any comfort, you’re far from alone in feeling overwhelmed by the financial onslaught of parenthood.