The 3 BIG expenses: schooling, cars & mortgages
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What are the three biggest expenses for Australian households?
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Welcome to the Australian Finance Podcast, a podcast for people who want to learn more about their personal finances and get the most from their money. This series is hosted by Kate Campbell from HowToMoney and Owen Raskovich from Rask Finance.
The Australian Finance Podcast is provided for educational purposes only. The information is general in nature and does not take into account your needs, goals or objectives. What that means is the information does not apply to you specifically. So consider getting the advice of a licensed and trusted professional before acting on the information. Welcome back, Kate, to the Australian Finance Podcast.
Thanks, Owen.
What are we talking about?
Well, Owen wanted to discuss cars, mortgages and education, three slightly unrelated topics, but... They're all related because they're the three biggest things that most people, the three biggest expenses most people have in their lives. So... Yeah.
Yep. I once heard a podcast. It's like if you can nail these three things and the rest of it sorts itself out. That's totally true. And we're going to talk about how you can make some very simple changes maybe to like your behavior or your thinking. And these things are just crushed. You just nail these things.
That's the thing. If you can control the biggest costs, then the smaller ones like having your latte don't really matter as much.
Yeah, that's it. And yeah, so you could count up the number of lattes you could save and what that would do for your super fund. Or you could just try and sort out like your education or for your kids education and then think about that. And that might save you a lot more money. Okay. So I was thinking we could just bucket it into three different things. Yep. First one being schools and education. And I was frantically digging up some research on this. But I figured it makes sense to start with schools and education as kind of the, you know, we'll start at the preschool, primary, high school. And we can maybe just talk a little bit about uni. But I guess why don't we just jump off with preschool. And this is probably preschool slash the early stages of primary school.
But if you ever heard the saying, show me the boy at seven and I'll give you the man. Have you ever heard that?
Yeah, I have.
Excuse the pronouns. It could be the girl at seven and I'll show you the woman. It doesn't really matter. But the idea is that they've made a TV series about this, Seven Up.
No, I haven't heard of that.
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