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Australian Finance Podcast
How much does childcare cost in Australia? [👶🏼 Family Finance]
Dec 4, 2024
In this enlightening discussion, Siobhan Ashby, a financial advisor from North East Wealth, sheds light on the complexities of childcare costs in Australia. She breaks down how expenses vary with household income and explains the impact of government subsidies. Personal anecdotes reveal the emotional stress families face when navigating daycare decisions. Siobhan also emphasizes the importance of timely applications for financial assistance and provides budgeting tips for families looking to balance care and costs effectively.
26:14
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Quick takeaways
- Childcare costs in Australia can average around $153 per day before subsidies, heavily influenced by household income and subsidy eligibility.
- Parents must balance childcare expenses against their potential career growth, often leading to tough decisions about work and financial sustainability.
Deep dives
Quality Control in Investment Choices
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