My wife and I recently gave birth to our second child. We are over the moon with our new baby boy. His big sister now thinks she has the best new toy ever!
As we recover from the birth and the first few weeks of sleepless nights, ever the Financial Adviser, my thoughts quickly turned to thinking about his future and how best we could ensure he had the best chances possible in life.
Some of you may be thinking it’s far too early to think about serious money matters when a new baby has just been born. But it’s decisions and planning put in place now that can make a MASSIVE difference over the long term.
University fees and student loans are a big bone of contention and what is clear is that it’s going to be expensive. Students are going to be paying for their university education for many many years after they finish.
So let me explain what I plan to do to try and ensure this isn’t a level of debt our son will have to deal with.