How Much Does Private School Cost And Can I Afford It? with Michael Chew

Whether to send your kids to a private school is a big decision. And if you want to have that option, it’s probably something you need to plan for as early as possible. In this interview, Michael Chew from Orange Wealth explains the typical cost of private school education in Sydney and Melbourne. He also provides estimates of what it is likely to cost in the future.As you would guess, it’s a pretty scary figure. And for most families, paying those fees out of your disposable income is going to be difficult or impossible. Michael outlines three strategies that can be used to help finance your kids’ education and explains how you can reduce expenses elsewhere to help lighten the load.What you’ll learnThe typical range of private school fees in AustraliaWhat are some of the other related costs you need to considerHow do people pay these fees (e.g. savings, income, family support)What are some investment strategies you can use to fund a private educationSmart ways to reduce your cost of livingSome common financial challenges Michael helps clients withAnd, a bonus – Michael’s whisky recommendationsMore informationShow notes and related resources are available at https://thedadtrain.com/24