Category Archives: Kids AND a Mortgage

How do I help my child who is now a young adult deal with their debt? – Part One

I’ve joined the ball game late. How do I help my child who is now a young adult deal with their debt? Continue reading

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Kids AND a Mortgage – Is it Possible? Solution Five: Refinance

The borrowing situation has improved a lot in the last 12 months and there are loads of deals to be had. Unfortunately your lender is unlikely to be willing to offer you a deal until you’re walking out their door … Continue reading

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Kids AND a Mortgage – Is it Possible? Solution Four: Start a Trend, don’t buy your kids Everything

As a parent I feel a constant pressure to keep my child up to date with the latest cool gadgets around – especially if little Johnny up the road has one already. I’m also guilty of buying way too much … Continue reading

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Kids AND a Mortgage – Is it Possible? Solution Three: Buy something and rent it out for 6 – 12 months while you live with your parents

It is possible to save a huge amount of money by moving in with close relatives (typically it’s only parents who will put up with this, though siblings are an option too) and sharing living costs for a while.

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Kids AND a Mortgage – Is it Possible? Solution Two: Buy Somewhere Cheaper

Have you thought of a Sea Change or a Country Change? There are a number of government grants available in different states to people considering moving out of the city to rural areas. By “rural” we mean…you can still live … Continue reading

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Kids AND a Mortgage – Is it Possible? Solution One: Buy Something Cheaper

It’s really hard to skip over the bright and shiny and settle for mission brown, but it’s even harder to keep up with a mortgage that you can’t afford. So when you’re looking for your home, think small, think structurally … Continue reading

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Kids AND a Mortgage – Is it Possible?

The US Department of Agriculture recently reported that the cost of raising a child born in 2008 to the age of 18 in a middle income family is about $291,570 (that’s factoring in inflation). Assuming that the typical Aussie family … Continue reading

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