Parenting

Guiding adult children to contribute at home – fostering responsibility and independence

Many parents face the question of when their adult children living at home should start paying board and contributing to household expenses and chores as they transition into adulthood.  The question of when and how much to charge, as well as the balance of responsibilities, is influenced by various factors, including family values, financial stability, […]

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A path to independence: guiding adult children to contribute at home

Many parents face the question of when their adult children living at home should start paying board and contributing to household expenses and chores as they transition into adulthood.  The question of when and how much to charge, as well as the balance of responsibilities, is influenced by various factors, including family values, financial stability, […]

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Overcoming the cost of living: strategies for adult children moving out of home

The rising cost of living has become a significant challenge for adult children living at home and aspiring to move out.  In many parts of the world, particularly in Australia, the cost of housing, groceries, transportation, and utilities has surged, making it increasingly difficult for young adults to afford their own place and support themselves […]

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How parents can prepare for the cost of education in Australia

Education is a vital investment in your child’s future, but it can also be a significant financial burden for those who are unprepared. One study shows that although a large majority of Australian parents believe that education plays a significant role in their child’s future prospects, less than half of them are prepared financially. Based […]

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Why is it important to discuss inheritance planning with your family

While most people write wills, very few families discuss inheritance. Parents avoid discussing inheritance planning with their children due to the subject’s sensitivity. However, avoiding the conversation does more harm than good. For example, poor wealth management by heirs can lead to business collapse. Here are some reasons why you should discuss inheritance planning with your […]

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