Financial Advice by Nadia

There’s no time to start saving for your child’s future like the present. Investment takes time, and starting early allows more time for your money to increase in power due to compounding. With an early start, you can achieve your long-term financial goals in a manageable way. If there are any setbacks or adversaries, having more time will allow you to rebound and recover your returns. It will reduce your current monetary needs while still ensuring significant savings.

Many parents underestimate the savings needed to cover the costs of providing for your children’s future education and avoid the need to borrow to meet these costs. Starting to save early really helps! This has been steadily increasing over the years and we see a 10% increase between 2021 to 2022. If your child were to go on to do a four-year course at university, you would be expected to hand over R50,000, excluding accommodation, transport, food, and book costs!

If you’re proactive in thinking about your child’s future in advance, it will provide more safety to the family as a whole. You’ll have the opportunity to be debt-free regarding education costs.

Private schooling in South Africa also comes at a price and if you want your child to get the best education our country has to offer - read the article by BusinessTech on the rising cost of pre-university school fees and remember to contact Wealth Doctors to help get your education savings plan/s in place.

https://businesstech.co.za/news/lifestyle/620849/private-school-prices-compared-in-south-africa-curro-vs-crawford-vs-others/?utm_source=everlytic&utm_medium=newsletter&utm_campaign=businesstech

Private school prices compared in South Africa – Curro vs Crawford vs others BusinessTech looked at 5 independent school groups in South Africa and how their prices vary:

Gentlemen,

Have you had your prostate cancer and/or testicular cancer screening done yet for the year?

Prevention is better than cure right? There is no sure way to prevent prostate cancer. Many risk factors such as age, race, and family history can’t be controlled. But there are some things you can do that might lower your risk of prostate cancer.

Read the below article by .org on what can be done to lower your risks.

https://lnkd.in/ez7NFHvJ

There are a few at-home kits available on takealot.com that can help you test should you be concerned about your risks.

Talk to us at Wealth Doctors on how we can help you better protect yourself from the effects this illness and/or other severe illnesses can have on your finances.