Suncorp Bank's Cost of Kids report has been released, providing some interesting insights into the costs of raising children.
The Cost of Kids report, part of Suncorp Bank’s Cost of Living Series, found the average Australian parent spends more than $297,600 raising a child to the age of 17, of which the ‘tween’ years (9 to 11 years) have the biggest impact on a household budget ($1,630 per month). Teenagers aged 15 to 17 are substantially cheaper at $1,290 per month while infants and toddlers are the least expensive.
Tips to keep families financially fit include:
Are you looking for ways to boost your super account balance?
Greg Elias from AMP explains five ways you might be able to grow your super to save for a comfortable retirement.
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See a good financial planner .http://ow.ly/10eXqr
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